Bears are losing their edge on the markets, as seen from the global market cap, which is on track to surpass $2 trillion. The current market cap is $1.99 trillion, representing a 0.2% drop in the last 24 hours, while the trading volume jumped by 30% within the same period to $90.7 billion.
Bitcoin Price Review
The chart shows *BTC* with the Alligator indicator and the Woodies CCI. The Alligator’s lines are intertwined, indicating a lack of a clear trend or consolidation market. The Woodies CCI oscillates around the zero line, suggesting a lack of strong momentum on the Bitcoin price.
Bitcoin price action is relatively flat, moving sideways around the Alligator’s lines, which supports the other indicators’ suggestion of consolidation. The Bitcoin price stood at $51.8K as of press time, representing a 1% drop in 24 hours as of press time.
Ethereum Price Review
The *ETH* chart displays Bollinger Bands and the Relative Strength Index (RSI). The price is currently between the middle and lower Bollinger Bands, which could indicate a bearish bias in the short term.
The RSI is near the 50 level, considered neutral, but it has been trending downwards, hinting at increasing bearish momentum. There has been recent volatility, as indicated by the width of the Bollinger Bands, but the price is not showing a clear direction. The Ethereum price stood at $2942 as of press time, representing a 0.8% increase in 24 hours.
ApeCoin Price Review
ApeCoin’s (APE) chart is shown with the Supertrend indicator and the MACD. The Supertrend is green and below the price, indicating a bullish trend on the ApeCoin price. The MACD is above the signal line but turns downwards, suggesting that the bullish momentum might wane.
The ApeCoin price is above the Supertrend line but has decreased recently, indicating a possible trend reversal or pullback. The ApeCoin price stood at $1.73 as of press time, representing a 6.2% decrease in 24 hours as of press time as the token corrects.
Immutable X Price Review
The chart features the Money Flow Index (MFI) and the Average Directional Index (ADI). The MFI is just above the middle level, indicating a balance between buying and selling pressure.
The ADX is below 25, which suggests that the market is not trending strongly and the current trend is weak. The Immutable price has been moving sideways, which agrees with the ADX reading. The Immutable X price stood at $0.87 as of press time, representing a 0.89% increase in 24 hours as of press time.
Tron Price Review
TRON’s chart includes the Auto Pitchfork tool and the Volume Oscillator. The Tron price is within the upper half of the Pitchfork, suggesting an overall bullish trend. The Volume Oscillator has a positive value, indicating higher buying volume than average.
The *TRX* has been on an upward trend within the Pitchfork, confirming the bullish sentiment. The Tron price stood at $0.14 as of press time, representing a 2.2% increase in 24 hours as of press time.
Source: https://blockchainreporter.net/daily-market-review-btc-eth-ape-imx-trx/