The bear are in control in today’s session, as seen from the decrease in the global market cap. The total cap stood at $2.1T as of press time, representing a 2.12% decrease over the last 24 hours, while the trading volume also dropped by 20% over the same period to stand at $91.57B 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 chart shows a recent downturn, with price falling below the green Supertrend zone, which signals a bearish trend. The Bitcoin price is below the Supertrend indicator’s resistance level of $63,669, confirming ongoing selling pressure.
On the other hand, we see that the Awesome Oscillator (AO) shows red bars, indicating that the momentum is in the bearish phase. The histogram bars have slightly decreased in size but are still negative, suggesting that the bearish momentum may be weakening slightly. Bitcoin traded at $60,455 as of press time, representing a 2.04% decrease over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, has failed to post gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that Ethereum has also experienced a downtrend, as shown by the separation of the Alligator’s moving averages, with the green, red, and blue lines indicating a bearish crossover.
The Ethereum price has fallen to $2,345, near the Alligator indicator’s support level at $2,417, with no immediate bullish signs visible. On the other hand, we see that the RSI (Relative Strength Index) is around 26.16, which is in the oversold territory, suggesting that the market could be near a potential rebound or correction. Ethereum traded at $2,337 as of press time, representing a 5.8% decrease over the last 24 hours.
Flare Price Review
Flare, $FLR, is among the top gainers today as seen from its price movements. Looking at an in-depth analysis, we see that Flare is fluctuating between support and resistance levels as indicated by the Ichimoku Cloud, which currently shows price testing resistance at the cloud top around $0.01683. The Flare price has recently spiked above the Ichimoku cloud, but still remains in a neutral zone.
On the other hand, we see that the ADX value is 31.51, which indicates a moderate trend strength, and it could further develop if the price breaks out of the cloud decisively. Flare traded at $0.01658 as of press time, representing a 10.8% increase over the last 24 hours.
eCash Price Review
eCash, XEC, is also among the top gainers today as seen from its price movements. Looking at an in-depth analysis, we see that Flare is fluctuating between the Ichimoku Cloud as it faces resistance in the middle of the cloud.
On the other hand, we see that the ADX value is 23.94, which indicates a low trend strength. eCash traded at $0.00003439 as of press time, representing a 2.54% increase over the last 24 hours.
Aptos Price Review
Aptos, $APT, is also among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that Bitcoin is currently trading downwards towards the middle band of the Bollinger Bands, suggesting increased volatility and potential corrections.
On the other hand, we see that the Volume Oscillator is at -1.46% as it heads south, showing decreasing volume. Aptos traded at $8.02 as of press time, representing a 2.75% increase over the last 24 hours.
Source: https://blockchainreporter.net/daily-market-review-btc-eth-flr-xec-apt/