The bears are in control of today’s session, as seen from the decrease in the global market cap. The total cap stood at $2.31T as of press time, representing a 0.24% decrease over the last 24 hours, while the trading volume dropped by 13.32% over the same period to stand at $70.82B as of press time.
Bitcoin Price Review
Bitcoin, $BTC, has posted minor gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the Bitcoin Price is oscillating around the middle band, indicating moderate volatility. The latest candles are near the upper band, suggesting a potential resistance zone around $68,333.
On the other hand, we see that the Relative Strength Index (RSI) is at 53.92, indicating a neutral market without immediate signs of being overbought or oversold. Bitcoin traded at $67,596 as of press time, representing a 0.61% increase over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, 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 Ethereum price is below the cloud, indicating a bearish trend. Recent candles are breaking through the cloud, which might suggest a possible trend reversal if sustained.
On the other hand, we see that the Money Flow Index (MFI) is at 36.05, suggesting that the asset might be in the oversold territory and could see a rebound. Ethereum traded at $67,596 as of press time, representing a 2.33% decrease over the last 24 hours.
Safe Price Review
Safe, $SAFE, is among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that the Safe price is significantly above the 50, 100, and 200 SMAs, indicating strong bullish momentum.
On the othert hand, we see that the Money Flow Index (MFI) is very high at 90.01, signaling that the market could be overbought, which may lead to a price correction. Safe traded at $1.67 as of press time, representing a 1.64% increase over the last 24 hours.
Raydium Price Review
Raydium, $RAY, is also among the gainers in today’s session as seen from the price movements. Looking at an in-depth analysis, we see that the Raydium price is above all the alligator lines (jaw, teeth, and lips), indicating a bullish trend.
On the other hand, we see that the Awesome Oscillator (AO) has green bars on the AO indicating bullish buying pressure is increasing. Raydium traded at $2.96 as of press time, representing a 5.64% increase over the last 24 hours.
Cat in a dogs world Price Review
Cat in a dogs world, $MEW, is also among the gainers in today’s session as also seen from the price movements. Looking at an in-depth analysis, we see that the Cat in a dogs world price is above the SuperTrend line, indicating a bullish market condition.
On the other hand, we see that the Money Flow Index (MFI) is at 83.57, close to being overbought, which may caution buyers about potential overvaluation. Cat in a dogs traded at $0.01117 as of press time, representing a 7.25% increase over the last 24 hours.
Source: https://blockchainreporter.net/daily-market-review-btc-eth-safe-ray-mew/