The bears are still in total control in today’s session, as seen from the decrease in the global market cap. The total cap stood at $1.99T as of press time, representing a 3.09% decrease over the last 24 hours, while the trading volume jumped by 24% over the same period to stand at $69.32B 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 dipped below the lower band but is now attempting a slight recovery. This suggests a possible short-term bounce or consolidation.
On the other hand, we see that the Volume Oscillator is negative, showing decreasing volume on recent moves, which might indicate a lack of strong buying interest. Bitcoin traded at $56,779 as of press time, representing a 3.8% decrease over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, has also failed to post gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the recent candles show a bearish momentum, as the price moves below all the Alligator lines.
On the other hand, we see that the MFI is around 43, which suggests that the market is neither overbought nor oversold. There is still room for downward movement. Ethereum traded at $2,403 as of press time, representing a 4.5% decrease over the last 24 hours.
Bitcoin SV Price Review
Bitcoin SV, $BSV, is among the gainers in today’s session, as seen from its price movements. Looking at an in-depth analysis, the recent move above the cloud indicates a potential bullish breakout, but the price is close to the resistance formed by the upper cloud boundary.
On the other hand, we see that the Volume Oscillator is slightly positive, showing a marginal increase in volume, which supports the bullish breakout attempt. Bitcoin SV traded at $45.54 as of press time, representing a 4.47% increase over the last 24 hours.
Monero Price Review
Monero, $XRM, is also among the gainers in today’s session, as seen from its price movements. Looking at an in-depth analysis the Monero price is near the upper boundary of the cloud, suggesting strong resistance in this area. A breakout above could lead to a bullish continuation.
On the other hand, we see that the Volume Oscillator is showing a decrease in volume, which could indicate that the bullish momentum is weakening. Monero traded at $175.14 as of press time, representing a 1.63% increase over the last 24 hours.
Starknet Price Review
Starknet, $STRK, is also among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the Starknet price is nearing the middle line of the pitchfork, which often acts as a magnet for price and can serve as a dynamic support or resistance.
On the other hand, we see that the Woodies CCI is in positive territory, suggesting bullish momentum. However, it is also near a level that could indicate overbought conditions if the trend continues. Starknet traded at $0.3866 as of press time, representing a 2.23% increase over the last 24 hours.
Source: https://blockchainreporter.net/daily-market-review-btc-eth-bsv-xrm-strk/