The bulls are struggling to gain back control of today’s session, as seen from the improving global market cap. The total cap stood at $2.29T as of press time, representing a 0.11% decrease over the last 24 hours, while the trading volume jumped by 27.8% over the same period to stand at $104.15B 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 Bitcoin is hovering around $68,700, showing some recent price weakness after hitting a local high near $70,000. The Supertrend line is red and above the price, indicating a bearish trend or resistance around $70,505.12. This suggests potential downward pressure until the price closes above this level.
On the other hand, we see that the Awesome Oscillator is in negative territory, showing a possible trend reversal or continuation of bearish momentum. Bitcoin traded at $68,623 as of press time, representing a 0.39% increase over the last 24 hours.
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 Ethereum is currently trading around $2,460 with the Bollinger Bands indicating low volatility. The Ethereum price is close to the lower band, suggesting potential oversold conditions.
On the other hand, we see that the ADX value is around 27, implying a moderately strong trend, but it’s unclear if it’s bullish or bearish from this alone. Ethereum traded at $2,461 as of press time, representing a 0.50% increase over the last 24 hours.
Toncoin Price Review
Toncoin, $TON, 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 Toncoin is trading near $4.85, with the Alligator lines (smoothed moving averages) suggesting a bearish alignment. The red, blue, and green lines of the Alligator indicator indicate a downtrend with no crossover suggesting bullish momentum.
On the other hand, we see that the Volume Oscillator shows negative momentum (-14.23%), indicating that the selling volume might outweigh buying. Toncoin traded at $4.85 as of press time, representing a 0.87% increase over the last 24 hours.
Monero Price Review
Monero, $XMR, 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 XMR is trading around $157.75. The price is hovering near the 50 SMA, while the 100 and 200 SMAs are slightly above, which could act as resistance levels.
On the other hand, we see that the Money Flow Index is at 57.74, indicating moderate buying pressure but not yet overbought. This shows balanced momentum but might indicate a pullback if it rises above 70. Monero traded at $157.97 as of press time, representing a 1.06% increase over the last 24 hours.
Tron Price Review
Tron, $TRX, 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 Tron price is below the cloud, which indicates bearish sentiment. However, it is attempting to break back into the cloud, which could signal potential neutral or bullish momentum if successful.
On the other hand, we see that the RSI is around 43.74, showing mild bearish momentum but not oversold. Tron traded at $0.165 as of press time, representing a 0.5% increase over the last 24 hours.
Source: https://blockchainreporter.net/daily-market-review-btc-eth-ton-xmr-trx/