In today’s trading session, the bears took charge, leading to a decline in the global market cap. Currently, the total cap stands at $2.54T, marking a 0.4% decrease in the last 24 hours. Additionally, the trading volume sits at $52.19B, showing a 0.3% drop over the same period.
Bitcoin Price Update
Bitcoin (BTC) is experiencing significant corrections today, evident from its price movements. A detailed analysis reveals that the Awesome Oscillator (AO) indicates a strong bearish momentum with deep negative values. The sudden decline is highlighted by the large red histogram bars.
The current price is hovering near the lower Bollinger Band, suggesting possible support around $67,600, while resistance could be at the 20-period SMA near $69,400. As of now, the Bitcoin price is at $67,746, reflecting a 2.3% decrease from its previous 24-hour price.
Ethereum Price Update
Ethereum (ETH) is also undergoing corrections in today’s session, as observed from its price movements. A detailed analysis shows that the CCI is in the oversold region, indicating a potential for a short-term rebound or consolidation, despite the prevailing bearish trend.
Immediate support for Ethereum is likely around $3,542, with resistance anticipated near the Alligator’s green line at $3,650. Currently, the Ethereum price stands at $3,540, showing a 3.5% drop from its previous 24-hour price.
Akash Price Update
Akash (AKT) is showcasing positive movements in today’s session. A closer look reveals a notable uptick in Akash Network’s recent candle. However, the overall trend remains bearish as the price trades below the SuperTrend indicator.
The RSI has surged to 63, indicating an increase in bullish momentum in the short term and potentially signaling a trend reversal or pullback. At present, the Akash price is at $4.43, marking a 5.9% increase from its previous 24-hour price.
Gnosis Price Update
Gnosis (GNO) is another gainer in today’s session. A detailed analysis indicates that the MFI is at 78, suggesting that the market may be nearing overbought conditions, possibly leading to a pullback.
Support for Gnosis could be around the top boundary of the Ichimoku cloud at $344, with resistance expected at the recent high near $350. Currently, the Gnosis price stands at $349.46, showing an 8.8% jump from its previous 24-hour price.
Injective Price Update
Injective (INJ) is also showing positive movements in today’s session. A thorough analysis reveals a bullish rebound in Injective price charts, with prices rising within an auto pitchfork, indicating controlled upward momentum.
However, the volume oscillator is negative, suggesting a lower conviction for the recent price increase. At present, the Injective price is at $29.57, reflecting a 10.2% increase from its previous 24-hour price.
