In today’s trading session, the market has been dominated by bullish activity, leading to an increase in the global market cap. The total cap currently stands at $2.35 trillion, showing a 0.4% rise in the last 24 hours. However, trading volume has dropped by 49% during the same period, reaching $32.44 billion.
Bitcoin’s performance has been lackluster, with the price failing to make significant gains. Trading at 62,199.5, below the lower Bollinger Band, Bitcoin is signaling a strong bearish trend. The Awesome Oscillator (AO) is at -1,016.1, reflecting bearish momentum with red bars. At the time of writing, Bitcoin was priced at $62,431, marking a 2.9% decrease over the past 24 hours.
Ethereum is also experiencing corrections in today’s session, with its price below the lower Bollinger Band at 3,367.7, indicating a bearish trend. The AO stands at -65.5, showing bearish momentum with red bars. Ethereum’s price was $3,377 at press time, down by 3.7% in the last 24 hours.
Dogwifhat (WIF) has failed to gain in today’s session, with the price at 1.5338, below the Supertrend indicator, suggesting a bearish trend. The Money Flow Index (MFI) at 29.79 indicates oversold territory. Dogwifhat was trading at $1.56, a 13.5% decrease over the past 24 hours.
Brett (BRETT) is also facing losses, trading at 0.13055 below the Ichimoku Cloud, signaling a bearish trend. The Woodies CCI at -191.49334 shows strong bearish momentum. Brett’s price was $0.131, down by 12.04% in the last 24 hours.
On the other hand, Toncoin (TON) is a notable gainer today, with the Relative Strength Index (RSI) at 44.44, indicating a neutral zone. Toncoin is in a neutral to slightly bearish trend, trading near the lower end. The RSI suggests potential for either direction. Toncoin was priced at $7.24, showing a 4.9% decrease over the past 24 hours.