The bears are in total control in today’s session, as seen from the increase in the global market cap. The total cap stood at $2.08T as of press time, representing a 5.54% decrease over the last 24 hours, while the trading volume jumped by 33% over the same period to stand at $88.3B as of press time.
Bitcoin Price Review
Bitcoin, $BTC, has failed to post gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the Bitcoin price recently broke below the lower Bollinger Band, indicating increased volatility and a potential bearish continuation. The bands are widening, which confirms the volatility.
On the other hand, we see that the Money Flow Index (MFI) is at 7.16, which is in the oversold territory (below 20). This suggests that there might be a short-term bounce or reversal due to the extreme selling pressure. Bitcoin traded at $59,178 as of press time, representing a 5.84% decrease over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, has also failed to post gains in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the lines of the Alligator indicator are currently showing a bearish alignment (lips, teeth, and jaw moving downwards), indicating a bearish trend.
On the other hand, we see that the Woodies CCI is at -129.1, which is below the -100 level, signaling a strong bearish trend. The recent crossover suggests continued downward momentum. Ethereum traded at $2,460 as of press time, representing a 8.43% decrease over the last 24 hours.
Popcat Price Review
Popcat, $POPCAT, is among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the Popcat price is hovering around the Ichimoku Cloud, with some signals of bullish sentiment as the price moves above the cloud. However, it remains close to the lower boundary, indicating possible volatility.
On the other hand, we see that the RSI is at 55.87, suggesting a neutral to slightly bullish sentiment, as it is above the 50 level but not yet overbought. Popcat traded at $0.7131 as of press time, representing a 2.77% increase over the last 24 hours.
Notcoin Price Review
Notcoin, $NOT, is also among the gainers in today’s session as also seen from its price movements today. Looking at an in-depth analysis, we see that the Supertrend indicator shows a bearish trend with the price remaining below the indicator’s resistance.
On the other hand, we see that the Volume Oscillator is at -17.80%, indicating decreasing volume and possibly reduced momentum in the downward trend. Notcoin traded at $0.008736 as of press time, representing a 0.38% increase over the last 24 hours.
Ripple Price Review
Ripple, $XRP, is also among the gainers in today’s session as also among the gainers in today’s session. Looking at an in-depth analysis, we see that the Ripple price is trading within the lower range of the Pitchfork, suggesting a bearish trend. However, it is nearing a support zone, which could offer some buying opportunities.
On the other hand, we see that the ADX is at 20.21, indicating a weak trend strength. This could mean the current trend may not continue strongly, and consolidation or a reversal could occur. Ripple traded at $0.5733 as of press time, representing a 2.51% increase over the last 24 hours.
Source: https://blockchainreporter.net/daily-market-review-btc-eth-popcat-not-xrp/