Today’s market session is being controlled by bears, as evidenced by the drop in the global market cap following yesterday’s bull market. The total cap currently stands at $2.59 trillion, representing a 0.33% decrease in the last 24 hours. The trading volume during this period is 94.96 billion, showing a 20.8% decrease compared to the previous 24 hours.
Bitcoin (BTC) is experiencing corrections in today’s session, as indicated by its price movements. Upon analyzing the Bollinger Bands, it is evident that the Bitcoin price recently reached the upper band, suggesting potential resistance. Additionally, the Woodies CCI indicator is in negative territory, which may indicate a downward price momentum. As of now, the Bitcoin price is $68,015, marking a 2.80% decrease in valuation over the past 24 hours.
Ethereum (ETH) is one of the gainers in today’s session, with its price showing an increase. A thorough analysis reveals that the Williams Alligator Indicator lines are well-spaced and trending upwards, indicating a strong bullish phase. However, the MFI (Money Flow Index) is currently high, suggesting that buying interest is strong but approaching overbought levels. The Ethereum price currently stands at $3,791, reflecting a 1.77% increase in valuation over the last 24 hours.
Ripple (XRP) is another gainer in today’s session. The Ripple price is above the super trend, indicating bullish prospects. However, recent red candlestick patterns may suggest some bearish actions on the token. The Awesome Oscillator shows a weak bullish momentum, with the bars above the zero line but decreasing in height. The Ripple price is currently $0.5342, representing a 0.08% increase in valuation over the last 24 hours.
NEAR Protocol is also among the gainers in today’s session, as evidenced by its price movements. In an in-depth analysis, mixed signals from the cloud lines suggest indecision in the market. Additionally, the volume oscillator indicates low volume variability, indicating a lack of strong buying or selling interest. The NEAR Protocol price currently stands at $7.64, reflecting a 3.12% increase in valuation over the last 24 hours.
However, Avalanche (AVAX) is facing corrections in today’s session, with its price showing an increase. Upon further analysis, the Auto Pitchfork indicates potential support and resistance levels, with the Avalanche price near the median line, which could act as support. On the other hand, the ADX (Average Directional Index) shows a decrease in trend strength as it dips, suggesting that the current trend is weakening. The Avalanche price currently stands at $38.4, marking a 4.28% decrease in valuation over the last 24 hours.
