Bears maintain control of the global market cap, with a 0.37% decrease to $2.43 trillion in the last 24 hours. Additionally, trading volume has dropped by 28% to $47.3 billion during the same period.
Bitcoin (BTC) is experiencing gains today, as indicated by its price movements. A closer look reveals that the Bitcoin price is currently near the upper Bollinger band, suggesting possible resistance or overbought conditions in the short term. The Relative Strength Index (RSI) is nearing 70, indicating that Bitcoin may be approaching overbought territory and signaling a potential pullback or consolidation. As of now, the Bitcoin price stands at $68,336, a 2.37% increase from its previous 24-hour price.
Pendle (PENDLE) is also seeing gains today, with its price moving above the Alligator’s jaws (red, green, and blue lines), indicating a bullish phase. The Awesome Oscillator (AO) is green and rising, supporting the bullish momentum observed in the price action. Currently, the Pendle price stands at $5.73, an 18.2% increase from its previous 24-hour price.
On the other hand, PulseChain (PLS) is experiencing corrections today, with its price under the SuperTrend line, suggesting a bearish trend. The Moving Average Convergence Divergence (MACD) line (blue) is below the signal line (orange) and both are trending downward, confirming the bearish momentum. The PulseChain price currently stands at $0.00005352, a 2% decrease from its previous 24-hour price.
Polymath (POLY) is also undergoing a correction following earlier surges, with its price above the Ichimoku Cloud, indicating a bullish trend. The recent spike shows significant buying pressure. However, the Volume Oscillator’s sharp peak coincides with the price spike, potentially signaling a reversal or high volatility after an intense buying period. The Polymath price is currently at $0.00005352, a 2% decrease from its previous 24-hour price.
Gamestop (GME) is among the gainers today, with its price moving within the lower half of the Pitchfork, suggesting a consolidation or lower trend phase within a broader bullish context. The Money Flow Index (MFI) is relatively low at around 18.8, indicating that there may not be much buying pressure in the market at the moment. Currently, the Gamestop price stands at $0.005467, a 4.3% increase from its previous 24-hour price.
