The bears are in control of today’s session, as seen from the continous increase in the global market cap. The total cap stood at $2.13T as of press time, representing a 1.93% decrease over the last 24 hours, while the trading volume also dropped by 2.8% over the same period to stand at $65.66B 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 Bollinger Bands show price movement within the upper and lower bands, suggesting that BTC is currently experiencing moderate volatility. The price recently tested the lower band, indicating a potential oversold condition and suggesting a possible rebound.
On the other hand, we see that the Awesome Oscillator is showing a red histogram below the zero line, indicating bearish momentum. The decreasing negative values suggest that the bearish momentum might be weakening. Bitcoin traded at $60,912 as of press time, representing a 2.18% increase 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 the Alligator lines are showing some convergence, which often signals a trend reversal or consolidation phase. The lines have crossed below, suggesting a possible downtrend, but the price is nearing the Alligator’s lips (green line), which might act as resistance.
On the other hand, we see that the Money Flow Index is at 51.38, indicating a neutral position. A move above 60 could suggest accumulation, while a drop below 40 may indicate selling pressure. Ethereum traded at $2,394 as of press time, representing a 1.67% decrease over the last 24 hours.
Chiliz Price Review
Chiliz, $CHZ, is among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that the Supertrend is currently green, indicating a bullish trend. The price recently bounced off the support level marked by the Supertrend line.
On the other hand, we see that the ADX is at 36.22, signaling a strong trend. With the ADX above 25, the current bullish trend appears robust. Chiliz traded at $0.07301 as of press time, representing a 7.9% increase over the last 24 hours.
Uniswap Price Review
Uniswap, $UNI, is also among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that the Uniswap price has recently broken above the Ichimoku Cloud, which is considered a bullish signal. The Tenkan-sen (conversion line) is above the Kijun-sen (baseline), further supporting the bullish outlook.
On the other hand, we see that the ADX is relatively low at 20.39, indicating that the trend strength is weak. The market may be prone to reversals or range-bound movement. Uniswap traded at $7.58 as of press time, representing a 6.46% increase over the last 24 hours.
NEIRO Price Review
NEIRO, $NEIRO, is, however, not 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 price is above the 50, 100, and 200 SMAs, which suggests a bullish trend. The moving averages are in a bullish alignment (shorter moving average above longer moving averages).
On the other hand, we see that the Volume Oscillator is currently negative, indicating decreasing volume. This suggests that the current price movement may not be supported by strong trading activity, potentially signaling a lack of momentum. NEIRO traded at $0.001673 as of press time, representing a 2.53% increase over the last 24 hours.
Source: https://blockchainreporter.net/daily-market-review-btc-eth-chz-uni-neiro/