The current market session has the bears in control, evident from the rise in global market cap over the past day. The total cap now sits at $2.6 trillion, marking a 0.57% decrease from the previous 24 hours, with a trading volume of $99.77 billion, reflecting a 40.49% decrease.
Bitcoin Price Analysis
Bitcoin (BTC) is showing signs of consolidation in today’s session, with the Bollinger Bands widening to indicate increased market volatility. A recent bearish candlestick formation near the lower band could suggest a potential reversal or further decline. The Awesome Oscillator on the chart is displaying a trend of decreasing red bars, signaling weakening bullish momentum. The current Bitcoin price is $69,589, down by 0.32% in the last 24 hours.
Ethereum Price Movement
On the other hand, Ethereum (ETH) has experienced some gains in today’s session, with a significant bullish surge that saw it break past the super trend indicator’s resistance, now acting as support. The super trend has turned green, indicating a strong bullish phase. While the Relative Strength Index (RSI) is not visible, it would likely indicate overbought conditions given the steep ascent. The Woodies CCI suggests a weak trend. Ethereum’s price is currently at $3,784, up by 0.6% in the last 24 hours.
Kaspa Price Update
Kaspa (KAS) is also among the gainers today, showing a moderate upward trend within a rising channel, with higher lows and higher highs. The Alligator indicator presents a bullish alignment, while the ADX suggests a weak bull trend. Kaspa’s price stands at $0.1412, reflecting a 6.16% increase in the last 24 hours.
Dogwifhat Price Movement
Dogwifhat (WIF) has also seen gains in today’s session, with the Ichimoku Cloud showing a mixed outlook. The money flow index is heading south, indicating increasing selling pressure on the meme coin. Dogwifhat’s price is currently at $3.01, up by 5.54% in the last 24 hours.
Pepe Price Analysis
Pepe (PEPE) has also made gains today, with a recent bullish rally following a consolidation phase. The Auto Pitchfork suggests that the price is testing the median line, potentially a pivot point for further movements. The volume oscillator is turning positive, signaling a shift from bearish to bullish momentum. Pepe’s price is $0.0000142, up by 3.5% in the last 24 hours.