Market Bears Take Control as Global Market Cap Drops
The bears have regained control of the market in today’s session, resulting in a decrease in the global market cap. At the time of writing, the total market cap stood at $2.56 trillion, indicating a 0.4% increase. The trading volume also saw an increase, reaching $77.85 billion, a 9.5% rise compared to the same period.
Bitcoin Price Analysis
Bitcoin (BTC) has experienced some minor gains in today’s session, as reflected in its price movements. A detailed analysis reveals that the Bitcoin price is currently approaching the upper band, suggesting that it may be slightly overbought. However, there are no strong indications of a reversal yet.
On the other hand, the ADX is below 25, indicating a weak trend. This aligns with the sideways movement observed since the peak in late May. The current Bitcoin price stands at $68,976, representing a 0.15% decrease from its previous 24-hour price.
Ethereum Price Analysis
Ethereum (ETH) failed to record any gains in today’s session. A thorough analysis shows that the Alligator lines remain intertwined without a clear direction in the short term, indicating a potential consolidation phase.
Additionally, the Volume Oscillator reads -6.42%, suggesting a decrease in volume on up days and a lack of buying interest at higher prices. At the time of writing, the Ethereum price stood at $2,497, representing a 0.15% drop from its previous 24-hour price.
Notcoin Price Analysis
Notcoin (NOT) emerges as one of the top gainers in today’s session, with its price experiencing an increase. An in-depth analysis reveals that it is currently positioned above the super trend line, indicating a strong bullish phase.
Furthermore, the Awesome Oscillator’s green bars on the AO indicate increasing momentum, supporting the bullish trend. As of now, the Notcoin price stands at $0.02568, representing a significant 26.43% jump from its previous 24-hour price.
JasmyCoin Price Analysis
JasmyCoin (JASMY) is also among today’s gainers, as evidenced by its price movements. A detailed analysis shows that the JasmyCoin price is above the cloud, and the conversion line is above the baseline, signaling a solid bullish trend.
Moreover, the MFI (63.44) is high but has not yet reached the overbought zone, suggesting that buying interest may continue. The current JasmyCoin price stands at $0.03959, representing a notable 15.6% increase from its previous 24-hour price.
ORDI Price Analysis
ORDI (ORDI) stands out as one of the top gainers in today’s session, with its price increasing. An in-depth analysis reveals that the ORDI price is navigating within the upper half of the pitchfork, indicating bullish control.
Meanwhile, the RSI is in the neutral zone, supporting the potential for further price movement in either direction without immediate overbought pressures. At the time of writing, the ORDI price stood at $47.95, representing a significant 4.45% jump from its previous 24-hour price.