The bears continue to dominate in today’s trading session, resulting in a decline in the global market cap. The total cap currently stands at $2.32 trillion, showing a 3.73% decrease over the past 24 hours. However, the trading volume is at $99.08 billion during the same period, marking a 38% increase.
Bitcoin’s Price Movement
Bitcoin (BTC) is showing gains in today’s session despite the prevailing bearish trend. The Supertrend indicator is currently red, indicating a bearish trend as the Bitcoin price attempts to break above the resistance line around $66,270.58. The Average Directional Index stands at 25.31, suggesting a weak trend. Traders should monitor any increase in the ADX to confirm the strength of the trend. At present, Bitcoin is trading at $65,549, reflecting a 0.06% increase over the past 24 hours.
Ethereum’s Price Movement
Ethereum (ETH) is also among the gainers today, bouncing off the lower Bollinger Band, signaling a potential short-term bullish reversal. The 20 SMA suggests a bearish trend in the medium term. The Awesome Oscillator (AO) shows a decrease in bearish momentum, with the potential for a bullish trend if it crosses above the zero line. Ethereum is currently trading at $3,560, showing a 3.5% increase over the last 24 hours.
Lido DAO’s Price Movement
Lido DAO (LDO) is one of the top gainers in today’s session, with the Alligator’s lines converging, indicating a lack of a strong trend and potential consolidation. A crossover of the green line above the red line may signal a bullish trend forming. The Awesome Oscillator (AO) crossing above zero indicates a bullish trend, with positive momentum potentially leading to further price increases. Lido DAO is currently trading at $2.37, reflecting a 19.3% increase over the last 24 hours.
Ethereum Name Service’s Price Movement
Ethereum Name Service (ENS) is also experiencing gains in today’s session, breaking above the Ichimoku cloud, indicating a bullish trend. The MACD line above the signal line reinforces the bullish sentiment, with positive histogram bars indicating bullish momentum. Ethereum Name Service is trading at $26.57, showing a 16.68% increase over the last 24 hours.
Maker’s Price Movement
Maker (MKR) is also a gainer today, with the price approaching the upper boundary of the pitchfork, suggesting potential resistance. The Volume Oscillator indicates moderate trading volume, with a potential breakout confirmed by an increase in volume. Maker’s price is currently at $2,488.94, reflecting a 12.99% increase over the last 24 hours.
