In today’s market session, bears have taken the lead, resulting in a decrease in the global market cap. The total cap currently stands at $2.44 trillion, showing a 0.39% drop over the last 24 hours. Additionally, the trading volume has decreased by 24% to $69.8 billion during the same period.
Bitcoin (BTC) is experiencing a bearish session today, with its price movements reflecting this trend. A closer look reveals that Bitcoin is trading below its 20 SMA, with the Bollinger Bands expanding, indicating higher volatility. Recent price action has pushed Bitcoin below the midline of the bands, signaling bearish momentum.
On the flip side, the Woodies CCI indicator suggests a trend reversal, shifting from positive to negative territory, potentially leading to a bearish sentiment. At the moment, the price of Bitcoin is at $66,190, marking a 1.2% decrease from its previous 24-hour price.
Ethereum (ETH) is bucking the trend today, showing positive price movements. Ethereum’s chart indicates consolidation around the $3,500 level, with attempts at bullish recovery being hindered by downward sloping moving averages. The MFI indicator is on an upward trend, indicating increased buying pressure, despite the price being under key moving averages that could act as resistance. As of now, the price of Ethereum stands at $3,540, reflecting a 0.97% drop from its previous 24-hour price.
Lido DAO (LDO) is also on the rise today, with its price movements showing some stability following a recent sharp drop. The price is hovering around the mid-range of the Ichimoku cloud, suggesting uncertainty and a lack of clear direction. The MFI indicator remains neutral, indicating a balance between buying and selling pressure. The current price of Lido DAO is $2.05, representing a 3.38% drop from its previous 24-hour price.
Gnosis (GNO) is showing gains in today’s session, despite a somewhat volatile trading pattern inside and below the lower boundary of the Ichimoku cloud. The MACD line is below the signal line, with histograms indicating a decrease in negative momentum, hinting at a potential slowdown in the downward trend. The price of Gnosis is currently at $326.07, marking a 1.4% increase from its previous 24-hour price.
Optimism (OP) is also on the rise today, with its price movements indicating a bullish trend. The price is below the Ichimoku Cloud, signaling bearish conditions in the short term. However, the Moving Average Convergence Divergence (MACD) has crossed above the signal line, a bullish signal. The histogram still shows negative values, suggesting that bullish momentum is not yet strong. The current price of Optimism is $2.06, showing a 1.46% increase from its previous 24-hour price.