Bulls have taken control of today’s market session, evident from the rise in the global market cap. At the moment, the total cap stands at $2.36 trillion, showing a 0.09% increase in the last 24 hours. However, the trading volume has experienced a drop of 11.3%, currently standing at $66.77 billion.
Bitcoin (BTC) has not managed to generate any gains in today’s session, as indicated by its price movements. A closer look reveals that the Bitcoin price is edging closer to the lower band, suggesting a potential oversold condition and the possibility of a rebound towards the middle band. The MFI (Money Flow Index) currently sits at 41.41, indicating a neutral momentum without being in the overbought or oversold territory. As of now, Bitcoin is being traded at $64,554, reflecting a 1.2% decrease in the last 24 hours.
In today’s session, Ethereum (ETH) has also experienced a decline in its price. On a more detailed analysis, we can observe that the Alligator lines (Jaw, Teeth, Lips) are intertwined, indicating a lack of a clear trend. When these lines are mixed, it often signifies a period of consolidation. The MFI stands at 61.57, nearing the overbought territory, implying some buying pressure but not reaching extreme levels. At present, Ethereum is being traded at $3,511, showing a 1.84% decrease in the last 24 hours.
Core (CORE) has emerged as a gainer in today’s session, evident from its price movements. A thorough analysis reveals that the Supertrend indicator currently displays a buy signal, as the price is above the green trend line. On the other hand, the Woodies CCI values are negative, indicating a bearish momentum and a significant sell signal. As of now, Core is being traded at $1.42, reflecting an 8% increase in the last 24 hours.
Sui (SUI) has also experienced gains in today’s session. A closer analysis shows that the Sui price is below the cloud, suggesting a bearish trend, with the leading spans indicating future resistance levels. Conversely, the Volume Oscillator currently stands at -7.00%, indicating a decrease in volume compared to the short-term average and signaling weakening momentum. Currently, Sui is being traded at $0.9029, reflecting a 2.81% increase in the last 24 hours.
Lido DAO (LDO) has also seen gains in today’s session. In-depth analysis reveals that the Lido DAO price is currently positioned in the upper half of the pitchfork channel, indicating a potential upward trend. However, it is approaching the upper resistance line of the pitchfork. The ADX (Average Directional Index) stands at 11.91, suggesting a weak trend. An ADX below 20 typically signifies a non-trending or weak trend environment. As of now, Lido DAO is being traded at $2.30, reflecting a 1.37% increase in the last 24 hours.
