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The bears are in control of today’s session, as seen from the decrease in the global market cap. The total cap stood at $2.32T as of press time, representing a 1.01% decrease over the last 24 hours, while the trading volume dropped by 15.52% over the same period to stand at $70.82B as of press time.
Bitcoin Price Review
Bitcoin, $BTC, has failed to post gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the price of Bitcoin is below the 20 SMA but within the Bollinger Bands, suggesting some level of short-term stability within a broader bullish context.
On the other hand, we see that the Awesome Oscillator (AO) is currently negative and increasing in magnitude, indicating growing bearish momentum which could signal further downward movement. Bitcoin traded at $67,120 as of press time, representing a 0.75% decrease over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, is also not among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the Ethereum price is below the Alligator’s lines which are intertwined, indicating a lack of clear trend and a potential sideways market.
On the other hand, we see that the Money Flow Index (MFI) is quite low at 21.11, suggesting that Ethereum is potentially oversold and might experience some buying interest soon. Ethereum traded at $2,617 as of press time, representing a 1.43% decrease over the last 24 hours.
Celestia Price Review
Celestia, $TIA, is among today’s top gainers as seen from its price movements. Looking at an in-depth analysis, we see that the Celestia price has moved above the green line but below the blue line, showing a mixed signal between the short-term and medium-term trends.
On the othe hand, we see that the Average Directional Index (ADX) is fairly low at 18.44, indicating a weak trend strength and possible consolidation. Celestia traded at $5.99 as of press time, representing a 4.1% increase over the last 24 hours.
Beam Price Review
Beam, $BEAM, 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 Beam Price is now breaking through the upper boundary of the Ichimoku Cloud, indicating a potential bullish breakout.
On the other hand, we see that the Money Flow Index (MFI) is high at 73.76, which could suggest the asset is nearing overbought conditions and may see a correction or consolidation. Beam traded at $0.01934 as of press time, representing a 3.51% increase over the last 24 hours.
THORChain Price Review
THORChain, $RUNE, is also among the gainers in today’s session as seen from its price movements as well. Looking at an in-depth analysis, we see that the THORChain price is fluctuating around the Supertrend line, currently indicating no clear buy or sell signal, reflective of a consolidative phase.
On the other hand, we see that the Volume Oscillator shows a negative value here suggests decreasing volume accompanying price moves, indicating a lack of conviction in current price changes which might lead to potential reversals or continued consolidation. THORChain traded at $5.17 as of press time, representing a 0.20% increase over the last 24 hours.
