In today’s trading session, the market is experiencing a bearish trend, as evidenced by the decline in global market cap. The total cap currently stands at $2.24 trillion, representing a 0.57% decrease over the past 24 hours. At the same time, the trading volume has dropped by 41.95% to $34.9 billion.
Bitcoin (BTC) has shown marginal gains in today’s session, with its price movements indicating that it is hovering near the lower band. This suggests a potential oversold condition, which could lead to a bullish reversal if other indicators align. The Awesome Oscillator (AO) is predominantly red but starting to turn green, signaling a possible shift in momentum from bearish to bullish. As of press time, Bitcoin is trading at $60,966, reflecting a 0.37% increase over the last 24 hours.
Ethereum (ETH), on the other hand, has failed to register gains in today’s session, with its price action crisscrossing the SMA lines, indicating market indecision. The Relative Strength Index (RSI) is around the middle (34.79), suggesting ongoing consolidation. Ethereum is currently trading at $3,375, representing a 0.27% decrease over the last 24 hours.
Kaspa (KAS) is one of the gainers in today’s session, with its price above the Ichimoku cloud and a bullish future cloud. The Woodies CCI is around zero after a bullish peak, indicating consolidation after recent gains. As of press time, Kaspa is trading at $0.1899, reflecting a 6.3% increase over the last 24 hours.
Toncoin (TON) is also among the gainers in today’s session, with its price indicating a buy signal as it is above the trend line. However, the Volume Oscillator has negative readings, suggesting lower trading volume on up moves, which could question the sustainability of the current trend. Toncoin is currently trading at $7.69, reflecting a 2.5% increase over the last 24 hours.
Similarly, Oasis (ROSE) has seen gains in today’s session, with its price showing a rising wedge pattern, typically suggesting a bearish reversal in the context of an uptrend. The ADX (Average Directional Index) has a value of 21.22, indicating moderate trend strength that supports the rising wedge pattern. As of press time, Oasis is trading at $0.09848, reflecting a 2.86% increase over the last 24 hours.
