In today’s market session, bears are dominating as the global market cap has decreased to $2.56 trillion, representing a 0.73% drop over the last 24 hours. The trending volume has also fallen by 4% to $90.24.
Bitcoin Price Analysis
Bitcoin (BTC) has not seen any gains today, with its price movements indicating a descending triangle pattern, typically signaling bearish continuation. The price of Bitcoin has been consolidating within the triangle, hinting at a potential breakout. However, confirmation is needed to determine the direction, which usually tends to be downward following this pattern.
The RSI currently stands at around 25, suggesting potentially oversold conditions that could lead to either a price recovery or further bearish movement if market sentiment remains negative. As of now, the Bitcoin price is at $67,938, showing a 0.71% increase over the last 24 hours.
Ethereum Price Analysis
Ethereum (ETH) has also not recorded any gains today, with the Bollinger Bands indicating a decrease in volatility and a possibility of a breakout. Ethereum is experiencing consolidation after a significant spike, with prices testing the lower Bollinger Band.
The ADX is low at 12.57, indicating a weak trend and the potential for continued consolidation before a clear trend emerges. At present, the Ethereum price is $3,747, marking a 2.8% increase in valuation over the last 24 hours.
Notcoin Price Analysis
Notcoin (NOT) is one of the gainers today, showing a strong bullish trend with a substantial price increase. The chart reflects sustained uptrend with the price above all moving averages.
With an ADX of 53.18, indicating a very strong trend, and the Alligator indicator supporting bullish momentum, the Notcoin price is currently at $0.01186, representing a 24.79% increase in valuation over the last 24 hours.
Arweave Price Analysis
Arweave (AR) is another gainer today, with its price movement within a rising channel and recently testing the lower boundary of the channel. The CCI is around -7, suggesting a potential shift in momentum.
As of now, the Arweave price stands at $38.83, showing a 1.08% increase in valuation over the last 24 hours.
Monero Price Analysis
Monero (XRM) is also among the gainers today, with its price movements indicating a test of the cloud from below, signaling uncertainty and a potential trend reversal if it breaks into the cloud.
With the RSI near 56, showing moderate momentum without extreme conditions, the Monero price is currently at $143.75, reflecting a 1.19% increase in valuation over the last 24 hours.