Market sees fluctuations in bulls and bears, reflected in the slight changes in global market cap. At the moment, the global market cap stands at $2.26 trillion, experiencing a 0.06% decline in the last 24 hours. Meanwhile, trading volume has dropped by 44.4%, reaching $36.66 billion over the same period.
Bitcoin (BTC) is displaying signs of recovery, with its price movements indicating a slight upward trend in the short term. The Ichimoku Cloud has turned green ahead of the price, suggesting potential support as the price recently rebounded from the lower boundary of the cloud. However, the Woodies CCI is hovering around the zero line, indicating a lack of strong momentum in either direction. Despite this, recent bars show a slight positive trend, indicating potential buying interest. Currently, the Bitcoin price stands at $61,649, representing a 1.09% increase from its previous 24-hour price.
Ethereum (ETH) also exhibits a slight bullish trend in today’s session. An in-depth analysis reveals that the Ethereum price is relatively stable within a tight trading range, indicated by the converging Bollinger Bands, suggesting low volatility. The price hovers around the middle Bollinger Band, indicating a balance between supply and demand. The ADX indicator shows a low value, indicating weak trend strength, consistent with the sideways movement in price. As of now, the Ethereum price stands at $2,925, representing a 0.18% increase from its previous 24-hour price.
Lido DAO (LDO) emerges as the top gainer in today’s session. An analysis of Lido DAO price charts shows a recent sharp decline, breaking through multiple support levels. The Alligator indicator’s lines have fanned out downwards, suggesting a potential continuation of the downtrend. Additionally, the AO (Awesome Oscillator) has deepened in the red zone, signaling strong bearish momentum. The current Lido DAO price stands at $1.76, representing a 1.27% increase from its previous 24-hour price.
Tron (TRX), on the other hand, is experiencing a correction from its earlier gains. An in-depth analysis of Tron price charts reveals relative stability, with the price moving sideways within a narrow range as indicated by the flat Supertrend line. Recent price action suggests consolidation. The MFI (Money Flow Index) is moderate, indicating balanced buying and selling pressure, aligning with the sideways trend on the chart. The Tron price currently stands at $0.1267, representing a 0.13% decrease from its previous 24-hour price.
Similarly, Chilliz (CHZ) is also witnessing gains in today’s session. A detailed analysis shows some downward movement within a descending channel. Recent price action indicates a rebound from the lower boundary of the channel, suggesting a temporary bullish correction. The Volume Oscillator is positive, indicating buying interest during recent price dips and supporting the possibility of a rebound. As of now, the Chilliz price stands at $0.1204, representing a 1.8% decrease from its previous 24-hour price.
