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 $2.16T as of press time, representing a 2.04% decrease over the last 24 hours, while the trading volume also jumped by 46% over the same period to stand at $36.8B as of press time.
Bitcoin Price Review
Bitcoin, $BTC, has not posted gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the Bitcoinm price is fluctuating around the 200-SMA, suggesting a crucial decision point for future direction. The 50-SMA crossing above the 100-SMA indicates a potential short-term bullish trend.
Looking at other indicators, we see that the ADX value at 22.11 suggests a moderate trend strength, leaning neither too strong nor too weak, which aligns with the consolidation pattern seen on the chart. Bitcoin traded at $62,282 as of press time, representing a 1.98% decrease over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH,, has also not posted gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that Ethereum shows a mild downtrend as it trades near the lower Bollinger Band, suggesting bearish momentum.
On the other hand, we see that the Awesome Oscillator (AO) shows decreasing red bars, indicating bearish pressure is weakening, which might suggest a potential reversal or consolidation soon. Ethereum traded at $2,426 as of press time, representing a 2.19% increase over the last 24 hours.
NEIRO Price Review
NEIRO, $NEIRO, is among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that Neiro is charted with a 4-hour timeframe using the Alligator indicator and the Money Flow Index (MFI). The NEIRO price exhibits a strong upward trend, recently making higher highs.
On the other hand, we see that Indicator Analysis while the MFI is at 84.02 indicates that the asset is currently overbought, which could lead to a potential pullback or price correction in the short term. NEIRO traded at $0.001685 as of press time, representing a 14.3% increase over the last 24 hours.
SUI Price Review
Sui, $SUI, is among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the Sui chart uses the Ichimoku Cloud and ADX as technical indicators on a 4-hour scale. The Sui price is above the Ichimoku Cloud, indicating a strong bullish trend. There’s recent volatility as indicated by the wide price movements relative to the cloud.
On the othe hand, we see that the high ADX value of 29.08 suggests that the bullish trend is strong and likely to continue.Sui traded at $1.98 as of press time, representing a 1.99% increase over the last 24 hours.
Aptos Price Review
Aptos, $APT, 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 This chart features the SuperTrend indicator and the Awesome Oscillator on a 4-hour timeframe. The price action is relatively flat, with a slight bullish inclination as indicated by the SuperTrend.
On the other hand, we see that the AO shows decreasing green bars, suggesting that while the momentum is still bullish, it might be losing strength. Aptos traded at $9.02 as of press time, representing a 1.60% increase over the last 24 hours.
Source: https://blockchainreporter.net/daily-market-review-btc-eth-neiro-sui-apt/