The current market session has been dominated by bullish activity, resulting in a rise in global market cap to $2.42 trillion, marking a 0.2% increase in the past 24 hours. Additionally, trading volume has surged by 11% to reach $92.1 billion during the same period.
Bitcoin (BTC) is experiencing corrections today following previous consolidations. Analysis reveals a significant level of volatility with a recent downward trend evident in the chart, indicated by a drop below moving averages and negative momentum in the Awesome Oscillator. Alligator moving averages are converging and sloping downwards, signaling a strengthening bearish trend. The current price is hovering around $66,763, with immediate resistance at $68,103 and support at $67,486. At the moment, Bitcoin is priced at $66,681, reflecting a 4.13% decrease from its previous 24-hour price.
Ethereum (ETH) is showing positive movements today, although a closer look reveals a bearish pattern with a sharp decline in recent candles. The wide Bollinger Bands indicate high volatility, and the price is below the 20-period SMA, acting as dynamic resistance. The woodies CCI is in the negative, further supporting bearish signals. Ethereum is currently priced at $3,459, marking a 4.2% drop in the last 24 hours.
MultiverseX (EGLD) did not see gains in today’s session, with the Supertrend indicator signaling a sell and the price consistently below the indicator, reinforcing a bearish outlook. The Money Flow Index (MFI) is low at around 15.29, suggesting overselling and a potential reversal or pullback soon. The current price of MultiverseX is $33.13, displaying a 6.6% decrease from its previous 24-hour price.
Ethereum Classic (ETC) is also not showing gains today, with the Ichimoku Cloud indicating bearish dominance as the price trades below the cloud. The expanding cloud suggests increased bearish volatility, although recent candles are struggling near the lower boundary with a relatively low MFI, hinting at selling exhaustion. Ethereum Classic is currently priced at $25.42, down by 4.3% from its previous 24-hour price.
Solana (SOL) is among the gainers in today’s session, despite navigating within an auto pitchfork that shows a bearish trend as it remains in the lower half. The MFI is slightly above the middle range, indicating moderate selling pressure. Solana is currently priced at $147.99, reflecting a 6.4% drop from its previous 24-hour price.