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The bears are in total control of today’s session, as seen from the decrease in the global market cap. The total cap stood at $3.33T as of press time, representing a 7.27% increase over the last 24 hours, while the trading volume jumped by 43.6% over the same period to stand at $179.5B as of press time
Bitcoin Price Review
Bitcoin, $BTC, posted a notable drop in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that $BTC is testing the lower Bollinger Band, indicating strong bearish pressure.
On the other hand, we see that the ADX (Average Directional Index) is at 35.38, signifying a strong trend. A potential bounce may occur near the lower band ($94,952), but if breached, it could signal further downside. Bitcoin traded at $95,417 as of press time, representing a 6.28% decrease over the last 24 hours.
$BTC, $ETH, FTM, $TIA, $ENA 2">
Ethereum Price Review
Ethereum, $ETH, is also showing a massive price drop in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that $ETH is trading below the Alligator lines, with all lines converging downward. This suggests a continuation of the downtrend.
On the other hand, the AO shows a bearish momentum with red bars deepening. Immediate support lies near $3,307. Further bearish momentum could drive $ETH lower. Ethereum traded at $3,338 as of press time, representing a 9.1% decrease over the last 24 hours.
$BTC, $ETH, FTM, $TIA, $ENA 3">
Fantom Price Review
Fantom, $FTM, is among the top losers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that FTM is trading significantly below its SMAs, confirming a bearish outlook.
On the other hand, looking at other indicators, we see that the MFI at 18.32 suggests oversold conditions, implying a potential relief bounce. Fantom traded at $0.6383 as of press time, representing a 19.48% decrease over the last 24 hours.
$BTC, $ETH, FTM, $TIA, $ENA 4">
Celestia Price Review
Celestia, $TIA, is also among the top losers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that $TIA is trading below the EMA 50 and EMA 100, highlighting a downtrend.
On the other hand, we see that the RSI at 21.54 indicates oversold territory, suggesting a potential near-term bounce. Celestia traded at $0.4.6 as of press time, representing a 15.87% decrease over the last 24 hours.
$BTC, $ETH, FTM, $TIA, $ENA 5">
Ethena Price Review
Ethena, $ENA, wraps up our list of losers as it also fails to post gains as seen from its price movements. Looking at an in-depth analysis, we see that $ENA has broken below the Supertrend support, turning the indicator bearish. The Volume Oscillator at 6.52% indicates moderate trading activity, but with increasing sell volume.
On the other hand, we see that resistance is at $1.13, while immediate support lies at $0.96. A break below could lead to further downside. Ethena traded at $0.9644 as of press time, representing a 16.64% decrease over the last 24 hours.
$BTC, $ETH, FTM, $TIA, $ENA 6">