Today’s trading session has witnessed a bearish trend, evident from the drop in the global market cap over the past 24 hours. The total cap currently stands at $2.53 trillion, reflecting a decrease of 0.17% in the previous 24 hours.
Bitcoin (BTC) continues to experience consolidations, as observed from its price movements during today’s session. A closer analysis reveals that the Bitcoin chart displays a fluctuating movement within a Keltner Channel. The price of Bitcoin recently consolidated around $67,000.
Meanwhile, the Relative Strength Index (RSI) hovers around 46, indicating a neutral market sentiment with neither overbought nor oversold conditions. As of now, the price of Bitcoin stands at $67,632, representing a 0.65% drop from its previous 24-hour price.
Ethereum (ETH), on the other hand, is one of the gainers in today’s session, evident from its price movements. A detailed analysis shows that Ethereum is exhibiting an upward trend, with the price surpassing all three moving averages in the Alligator indicator.
However, the Awesome Oscillator (AO) has transitioned from green to red bars, suggesting a potential loss of momentum or consolidation after the initial surge. Currently, the price of Ethereum stands at $3,791, marking a 1.5% increase from its previous 24-hour price.
JasmyCoin (JASMY) is also among the top gainers in today’s session, evident from its price movements. JasmyCoin is displaying a strong bullish trend, with the price significantly surpassing the Supertrend indicator line, which has turned green to confirm bullish conditions.
However, the Commodity Channel Index (CCI) has recently spiked above +100, indicating high buying pressure and potential overbought conditions that may result in a pullback or consolidation. At present, the price of JasmyCoin stands at $0.03431, reflecting a 14.3% increase from its previous 24-hour price.
Lido DAO (LDO) is another cryptocurrency that is gaining in today’s session. A thorough analysis reveals a bullish trend in Lido DAO’s chart, with the price trading above the expanding Ichimoku cloud, indicating increasing bullish momentum.
Nevertheless, the Money Flow Index (MFI) is around 74, approaching overbought levels, which could indicate a possible slowdown or reversal in the near future if traders begin to take profits. Currently, the price of Lido DAO stands at $2.55, representing a 9.7% increase from its previous 24-hour price.
Lastly, Ondo (ONDO) is also experiencing gains in today’s session. Ondo Finance is exhibiting a consolidating trend, with the price fluctuating around the relatively thin Ichimoku cloud, suggesting uncertainty and minimal trend strength. However, recent candles are above the cloud, indicating a potential shift towards bullish conditions.
Furthermore, the Money Flow Index (MFI) is moderate at 62, suggesting a balanced buying and selling pressure without immediate overbought concerns. At present, the price of Ondo stands at $1.27, marking a 6.37% increase from its previous 24-hour price.