In today’s trading landscape, the bears have taken the reins, evidenced by a dip in the global market capitalization. The total market cap has receded to $2.26 trillion at the time of reporting, marking a 2.24% decline within a 24-hour window. Conversely, the trading volume has swelled to $54.54 billion, up 5.7% in the same timeframe.
**Bitcoin Price Analysis**
Bitcoin (BTC) finds itself among the day’s decliners, as its price trajectory suggests. A closer examination reveals Bitcoin’s price inching toward the lower spectrum, signaling heightened volatility and a possible bearish trend.
In contrast, the RSI (14) stands at 28.29, hinting that Bitcoin may be undervalued. Currently, Bitcoin is priced at $58,415, down 3.9% over the past day.
4-hour BTC/USD Chart | Courtesy of TradingView
**Ethereum Price Analysis**
Ethereum (ETH) also registers losses in today’s market, as reflected in its price activity. Detailed analysis indicates that the Alligator’s lines (Jaw, Teeth, and Lips) are aligned bearishly, with the Jaw (blue) leading, suggestive of a downward trajectory.
Moreover, the MACD lingers below the signal line within negative bounds, pointing to bearish momentum. Ethereum’s current trading price is $3,189, marking a 4.8% fall since yesterday.
4-hour ETH/USD Chart | Courtesy of TradingView
**Worldcoin Price Analysis**
Worldcoin (WLD), one of the few to buck the trend, shows gains in today’s session according to its price movements. Nonetheless, a thorough analysis indicates a bearish phase for Worldcoin, with the Supertrend indicator triggering a sell signal.
Additionally, the ADX underscores the strength of the ongoing downtrend, suggesting the bearish current might continue. Worldcoin’s trading price at the moment is $2.37, a 3% reduction over the last 24 hours.
4-hour WLD/USDT Chart | Courtesy of TradingView
**Ripple Price Analysis**
Ripple (XRP) joins the list of today’s losers, as its price patterns indicate. A comprehensive analysis shows Ripple’s price beneath the Ichimoku Cloud, denoting a bearish trend.
Conversely, the Volume Oscillator (5, 10) reads at 5.71%, signaling a modest increase in volume on recent downward movements. Ripple is currently trading at $0.4574, down 4.9% in the past day.
4-hour XRP/USDT Chart | Courtesy of TradingView
**Cardano Price Analysis**
Cardano (ADA) is not immune to today’s bearish sentiment, as it too faces losses. In-depth scrutiny reveals Cardano’s price gravitating toward the pitchfork channel’s lower boundary, suggesting an approaching support level.
On another note, the Woodies CCI (14) registers at -182.609, indicating a pronounced bearish trend. At present, Cardano’s trading price is $0.3938, a 5.2% decrease from the previous day.
4-hour ADA/USD Chart | Courtesy of TradingView