The bears are in control of today’s session, as seen from the decrease in the global market cap. The total cap stood at $3.66T as of press time, representing a 0.03% decrease over the last 24 hours, while the trading volume dropped by 31.31% over the same period to stand at $158.57B 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 trading above the 50-SMA (yellow) and 100-SMA (green), indicating a short-to-mid-term bullish trend. The 200-SMA (blue) is far below the current price, reinforcing long-term bullish momentum.
On the other hand, we see that MFI is at 59.70, suggesting neutral to moderate buying pressure. It is not yet in overbought territory, leaving room for potential upside. Bitcoin traded at $100,094 as of press time, representing a 0.53% increase over the last 24 hours.
4-hour BTC|USD Chart | Source: TradingView
Ethereum Price Review
Ethereum, $ETH, has also posted minor gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the Ethereum price is hovering near the upper Bollinger Band, showing strong bullish momentum but also hinting at potential overextension. The midline (20-SMA) of the Bollinger Bands is holding as support.
On the other hand, we see that the AO is positive but starting to decline, suggesting weakening bullish momentum. Monitor for a crossover into negative territory, which may signal a reversal.
Ethereum traded at $3,998 as of press time, representing a 0.31% increase over the last 24 hours.
4-hour ETH/USD Chart | Source: TradingView
Quant Price Review
Quant, $QNT, 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 Alligator lines are in a perfect bullish alignment, with the jaw, teeth, and lips (blue, red, green lines) trending upward. This confirms a strong uptrend. Price continues to make higher highs and higher lows.
On the other hand, we see that the Volume Oscillator is negative, indicating declining trading volume. This could hint at a weakening trend unless volume picks up. Quant traded at $169.50 as of press time, representing a 5.11% increase over the last 24 hours.
4-hour QNT/USD Chart | Source: TradingView
Pepe Price Review
Pepe, $PEPE, 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 price is above the Ichimoku Cloud, confirming a bullish trend. The Leading Span A and B lines (green cloud) are pointing upward, suggesting strong support below current levels.
On the other hand, we see that the ADX is at 22.61, indicating a weak trend strength. This suggests the current trend may not have significant momentum behind it. Pepe traded at $0.00002571 as of press time, representing a 13.97% increase over the last 24 hours.
4-hour PEPE/USD Chart | Source: TradingView
Uniswap Price Review
Uniswap, $UNI, is also among the gainers in today’s session as also seen from its price movemebnts. Looking at an in-depth analysis, we see that the Uniswp price is in a confirmed uptrend, supported by the Supertrend indicator remaining in the green zone. The price is making higher highs, consistent with bullish market behavior.
On the other hand, we see that the RSI is at 69.45, nearing overbought territory. This could suggest the potential for a short-term pullback or consolidation. Uniswap traded at $19.17 as of press time, representing a 9.85% increase over the last 24 hours.
4-hour UNI/USD Chart | Source: TradingView
Source: https://blockchainreporter.net/daily-market-review-btc-eth-qnt-pepe-uni/