Today’s trading session is dominated by bears, with a noticeable decline in the global market cap. The total cap currently sits at $2.55 trillion, marking a 0.66% decrease in the past 24 hours. However, trading volume has surged by 36.2% to reach $90.67 billion.
Bitcoin (BTC) is experiencing a period of consolidation, with recent price movements breaching below the middle Bollinger Band, hinting at a potential downtrend continuation. The Relative Strength Index (RSI) stands at 42.76, indicating a bearish leaning market sentiment. BTC’s price is currently at $67,974, down by 0.72% in the last 24 hours.
Ethereum (ETH) is also consolidating, with a strong upward movement that touched the upper Bollinger Band before retracing slightly. The Woodies CCI suggests a bearish phase, with ETH’s price at $3,855, up by 0.65% in the past day.
Dogwifhat (WIF) is showing gains, with price consolidation indicated by tangled Alligator lines and a bearish momentum highlighted by the MACD line below the signal line. WIF’s price is at $3.29, up by 7.9% in the last 24 hours.
Celestia (TIA) is among the top gainers, fluctuating within the Ichimoku cloud, signaling a consolidation phase. The CCI suggests approaching overbought conditions, with TIA’s price at $9.82, up by 6.9% in the past day.
Chainlink (LINK) is also making gains within an upward channel shown by the Pitchfork tool, indicating a bullish trend. The ADX value is at 16.95, suggesting a weak trend strength. LINK’s price is at $18.13, up by 6.74% in the last 24 hours.