Today’s market session is under the influence of bears, evident from the decline in the global market cap following yesterday’s bull market. The total cap now sits at $2.59T, reflecting a 0.33% decrease in the last 24 hours. Trading volume also saw a decrease, standing at 94.96B, a 20.8% drop from the previous day.
Bitcoin (BTC) is experiencing corrections in today’s session, with its price movements indicating potential resistance as it recently touched the upper Bollinger Band. The Woodies CCI indicator is in negative territory, hinting at a possible downward price momentum. At present, the Bitcoin price is at $68,015, marking a 2.80% decrease in value over the last 24 hours.
Ethereum (ETH) is among the gainers in today’s session, with its price on the rise. The Williams Alligator Indicator lines are trending upwards, signaling a strong bullish phase. The MFI (Money Flow Index) is high, suggesting strong buying interest but nearing overbought levels. Currently, the Ethereum price is at $3,791, a 1.77% increase in value over the last 24 hours.
Ripple (XRP) is also showing gains in today’s session, with the price above the super trend indicating bullish prospects. However, recent red candlestick patterns could indicate bearish actions on the token. The Awesome Oscillator shows a weak bullish momentum with bars above the zero line but decreasing in height. The Ripple price is currently at $0.5342, marking a 0.08% increase in value over the last 24 hours.
NEAR Protocol is also among the gainers today, with its price movements showing positive signs. Cloud lines suggest indecision in the market, while the volume oscillator indicates low volume variability, signaling a lack of strong buying or selling interest. The NEAR Protocol price is at $7.64, a 3.12% increase in value over the last 24 hours.
On the other hand, Avalanche (AVAX) is facing corrections in today’s session, with its price on the rise. The Auto Pitchfork indicates potential support and resistance levels, with the price near the median line acting as possible support. The ADX (Average Directional Index) shows a decrease in trend strength, suggesting a weakening current trend. The Avalanche price currently stands at $38.4, marking a 4.28% decrease in value over the last 24 hours.