Bulls have surrendered control of today’s trading session, resulting in a decline in the global market cap. At the time of writing, the global market cap stood at $2.24 trillion, representing a 2.25% decrease over the past 24 hours. However, trading volume has increased by 7% and currently stands at $75 billion.
Bitcoin (BTC) has experienced gains in today’s session, as evidenced by its price movements. A detailed analysis of Bitcoin’s price charts reveals that the current price is fluctuating around the middle Bollinger band, indicating moderate volatility.
Furthermore, other indicators suggest a potential change in momentum. The AO indicator shows a transition from negative to positive, implying a shift in market sentiment. The current price of Bitcoin is $62,021, reflecting a 0.23% increase compared to its price in the previous 24 hours.
On the other hand, Ethereum (ETH) has failed to generate gains in today’s session and is currently consolidating. A thorough analysis indicates that the Ethereum price is below the Ichimoku cloud, signaling bearish momentum.
Additionally, the Average Directional Index (ADX) suggests that the downtrend is firmly established. At present, the Ethereum price is $2,914, representing a 0.01% decrease from its price in the previous 24 hours.
Internet Computer (ICP) is one of the cryptocurrencies experiencing gains in today’s session. A closer examination of Internet Computer’s price charts reveals that the Money Flow Index (MFI) is in the middle range, indicating a balance between buying and selling pressure.
However, the Internet Computer price demonstrates a prolonged downtrend, with prices consistently remaining below the moving averages. The current price of Internet Computer is $12.02, reflecting a 1.3% increase compared to its price in the previous 24 hours.
Pepe (PEPE) is also performing exceptionally well in today’s session. An in-depth analysis of Pepe’s price charts shows that the MACD is trending upwards with increasing momentum.
Furthermore, market behavior indicates positive momentum for this meme coin. The Pepe price has recently surpassed the Ichimoku Cloud, transforming it from a resistance level to a support level. At present, the Pepe price is $0.00001137, representing a 6.9% increase compared to its price in the previous 24 hours.
Arweave (AR) is another cryptocurrency experiencing gains in today’s session. An in-depth analysis reveals that the Arweave price is oscillating within a downward pitchfork channel, indicating controlled bearish momentum. The recent activity is concentrated around the middle line of the pitchfork.
However, the CCI indicator hovering around the zero line suggests a neutral market. The current price of Arweave is $41.2, reflecting a 4.7% increase compared to its price in the previous 24 hours.
