The bears are in control of today’s session, as seen from the decrease in the global market cap. The total cap stood at $3.23T as of press time, representing a 1.31% decrease over the last 24 hours, while the trading volume dropped by 1.31% over the same period to stand at $135.74B as of press time.
Bitcoin Price Review
Bitcoin, $BTC, has again not posted gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the Bitcoin price is currently near the lower Bollinger Band, indicating a potential oversold condition. The bands are moderately wide, signaling medium volatility.
On the other hand, we see that the Awesome Oscillator is in the red but showing smaller bars, which may suggest decreasing bearish momentum. Bitcoin traded at $92,757 as of press time, representing a 0.64% decrease over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, is also not among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the Alligator lines (Jaw, Teeth, Lips) are intertwined, suggesting a ranging market.
On the other hand, looking at other indicators, we see that the MFI is around 46.72, indicating neither overbought nor oversold conditions but closer to neutral. Ethereum traded at $3,346 as of press time, representing a 1.99% decrease over the last 24 hours.
Mantle Price Review
Mantloe, $MNT, is among the day’s top gainers as seen from its price movements in today’s session. Looking at an in-depth analysis, we see that the Mantle price is trading slightly above the 50-SMA (~1.2059), indicating short-term bullish strength.
On the other hand, we see that the ADX is at 17.84 suggest a weak trend with low directional momentum. Mantle traded at $1.22 as of press time, representing a 1.88% increase over the last 24 hours.
FTX Token Price Review
FTX Token, $FTT, is also among the day’s top gainers as seen from its price movements in today’s session. Looking at an in-depth analysis, we see that the FTX Token price is at the edge of the cloud, signaling indecision or a potential breakout/reversal. Lagging Span suggests prices have not decisively cleared recent highs/lows.
On the other hand, we see that the Volume Oscillator at -12.69%, reflecting reduced trading activity. FTX Token traded at $3.63 as of press time, representing a 0.7% increase over the last 24 hours.
Sui Price Review
Sui, $SUI, despite an impressive chart performance, has failed to post gains in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the Supertrend is bearish, with resistance at ~$4.43.
On the other hand, we see that the Sui price is hovering near support at $4.05, with lower volume (-2% Volume Oscillator). Sui traded at $4.11 as of press time, representing a 0.55% decrease over the last 24 hours.
Source: https://blockchainreporter.net/daily-market-review-btc-eth-mnt-ftt-sui/