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Today’s market session has seen bears on the front foot, as seen from the drop in the global market cap. The total cap stood at $2.31T as of press time, representing a 0.62% drop over the last 24 hours, while the trading volume stood at $53.4B as of the same period, representing a 0.66% increase over the same period.
Bitcoin Price Review
Bitcoin (BTC) is among the losers in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the Alligator’s Jaw (blue line) is currently below the Teeth (red line) and Lips (green line), suggesting a bearish trend as the price is trading below these moving averages. However, the recent convergence of these lines indicates potential consolidation or a slowdown in bearish momentum.
On the other hand, the Money Flow Index (MFI) is at 52.10, which is neutral, indicating balanced buying and selling pressures. As of press time, Bitcoin traded at $61,848, representing a 2.8% increase over the last 24 hours.
Ethereum Price Review
Ethereum (ETH) is among the losers today, as seen from its price movements. An in-depth analysis shows that the Ethereum price is currently around the middle band, suggesting an equilibrium between buyers and sellers. The upper band is $3,504.64, and the lower band is $3,355.27, providing resistance and support levels, respectively.
On the other hand, we see that the Volume Oscillator shows a -12.01% change, indicating decreasing trading volume, which often precedes a breakout. As of press time, Ethereum traded at $3409, representing a 1.51% decrease over the last 24 hours.
zkSync Price Review
Its price movements show that zkSync (ZK) faces corrections in today’s session. In-depth analysis shows that the zkSync chart features the Supertrend indicator, which shows a sell signal with the Supertrend line above the current zkSync price of 0.1764 USDT.
Looking at other indicators, the Woodies Commodity Channel Index (CCI) is at -71.6279, indicating bearish momentum as it is below the -100 threshold. The persistent negative CCI suggests continued downward pressure. As of press time, zkSync traded at $0.1758, representing a 6.9% decrease over the last 24 hours.
Worldcoin Price Review
Worldcoin (WLD) has also failed to post gains today, as seen from its price movements. An in-depth analysis shows that the Worldcoin price is below the Kumo Cloud, and the conversion line (blue) is below the baseline (red), reinforcing the bearish outlook.
On the other hand, the ADX (Average Directional Index) is at 48.33, suggesting a strong trend, although directionally bearish. As of press time, Worldcoin traded at $2.25, representing a 0.7% decrease over the last 24 hours.
Toncoin Price Review
Toncoin (TON) is among the few gainers today, as evidenced by its price movements. In-depth analysis shows the Auto Pitchfork tool, which shows an upward channel. The Toncoin price is currently at the upper boundary of the Pitchfork channel at around 8.041 USDT.
On the other hand, the Awesome Oscillator (AO) shows green bars above the zero line, indicating bullish momentum. If Toncoin breaks above the upper boundary of the pitchfork channel, it could signal continued bullish movement. As of press time, Toncoin traded at $8.04, representing a 4.79% increase over the last 24 hours.
