The current market session has been dominated by bearish sentiment, evidenced by the decrease in global market capitalization. At present, the total cap stands at $2.26 trillion, reflecting a 2.24% decline over the past 24 hours, while the trading volume is at $54.54 billion during the same period, marking a 5.7% increase.
Bitcoin Price Analysis
Bitcoin (BTC) has suffered losses in today’s trading session as indicated by its price movements. A detailed examination reveals that Bitcoin’s price is trending towards the lower end of its range, indicating heightened volatility and a potential downward trajectory.
Additionally, the RSI (14) currently stands at 28.29, implying that Bitcoin is oversold. As of now, Bitcoin is being traded at $58,415—a 3.9% decrease over the past 24 hours.
4-hour BTC/USD Chart | Source: TradingView
Ethereum Price Analysis
Ethereum (ETH) has also experienced negative movement today based on its pricing behavior. A comprehensive analysis shows that all three lines of Alligator indicator (Jaw, Teeth and Lips) are aligned bearishly with the Jaw line positioned above—suggesting a downtrend.
Moreover, MACD indicates bearish momentum with it below the signal line and residing in negative territory. Ethereum’s current trading value stands at $3,189—a decline of 4.8% in relation to last day’s performance.
4-hour ETH/USD Chart | Source: TradingView
Worldcoin Price Analysis
Worldcoin (WLD) stands out as one of today’s few gainers due to its price movement; however upon deeper scrutiny it becomes evident that Worldcoin is experiencing a downtrend with confirmation from Supertrend indicator signaling a sell-off.
Furthermore ADX suggests persistent strong bearish momentum amidst this downturn scenario; presently worldcoin trades for $2.37 representing a decrease of 3% over last day.
4-hour WLD/USDT Chart | Source: TradingView
Ripple Price Analysis
Ripple (XRP), on other hand experiences losses today indicated by its pricing behavior; an extensive analysis reveals Ripple’s position below Ichimoku Cloud signaling prevailing bearish trend.
In addition to this observation Volume Oscillator (5-10) presents an increment indicating relatively higher volume during recent downward moves; XRP trades for $0.4574 reflecting drop of around 4 .9 % since yesterday.
4-hour XRP/USDT Chart | Source: TradingView
Cardano Price Review
Cardano(ADA)’s performance also reflects loss amidst pervasive bearish sentiment; further review highlights Cardano’s move towards lower boundary within pitchfork channel suggesting potential support level which could lead to reversal or stabilization.
Conversely Woodies CCI(14)) stands roughly -182 .609 pointing towards consistent strong bearish trend ; Cardano exchanges hands for approximately$0 .3938 marking reduction around5 .2 % compared prior day performance .
4-hour ADA/USD Chart | Source: TradingView