The bears are now regaining control in today’s session, as evidenced by the decline in global market capitalization. The total limit at the time of publication was US$2.04 trillion, representing a decline of 0.15% over the last 24 hours, while trading volume jumped 10% over the same period to US$61.54 billion. moment of publication.
Bitcoin Price Review
Bitcoin, $BTC, failed to make gains in today’s session, as evidenced by its price movements. Upon in-depth analysis, we see that the 50, 100 and 200 SMA (simple moving averages) are showing confluence around price, indicating indecision in the direction of the market. Bitcoin price is currently near the 100 and 200 SMA, signaling a key resistance point at $58,947.
The Relative Strength Index (RSI) is hovering around neutral levels, reflecting balanced sentiment without overbought or oversold conditions. However, if the price breaks the 200-SMA level, it could indicate a bullish continuation. At press time, Bitcoin was trading at $58,498, representing a decline of 0.57% over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, is a winner in today’s session, as evidenced by its price movements. Looking at the in-depth analysis, we see that the 4-hour chart of Ethereum represents a consolidation within a cloud formation represented by the Ichimoku Cloud. Ethereum price is hovering around $2,298, in a weak trendless zone, indicating no clear directional trend.
On the other hand, we see the RSI hovering around 29.32, indicating oversold conditions, which could signal a potential reversal to the upside if buying pressure intensifies. At the time of publication, Ethereum was trading at $2,302, representing an increase of 0.30% over the past 24 hours.
Phantom price review
Fantom, $FTM, is also a winner in today’s session, as evidenced by its price movements. Looking at the in-depth analysis, we see that Fantom’s price is moving with strong bullish momentum, reflected in the wide split of the Bollinger Bands and the recent surge in prices above the upper band.
Fantom’s price is currently hovering around $0.5481, with an ADX reading of 26.61 indicating a strengthening trend. If the price holds above the upper Bollinger Band, it may continue its upward trajectory. At press time, Fantom shares were trading at $0.55, representing an increase of 11.63% over the last 24 hours.
Celestia Price Review
Celestia, $TIA, is also a winner in today’s session, as evidenced by its price movements. Looking at the in-depth analysis, we see that Celestia is currently showing a recovery from an extended downtrend. The Alligator indicator has moving averages that twist upward, which indicates the formation of a bullish trend. Celestia’s price is around $5.005 and the next resistance is around $5.10, which could act as a barrier.
On the other hand, we see that the volume oscillator is showing a downward trend, signaling a potential lack of strong momentum in the current move. At the time of publication, Celestia was trading at $4.99, representing an increase of 5.59% over the last 24 hours.
THORChain Price Review
THORChain, $RUNE, is also a winner in today’s session, as can be seen from its price action. Looking at the in-depth analysis, we see that the supertrend indicates bearish conditions as the price is below the green to red transition point.
The Awesome Oscillator (AO) indicator is currently at $3.991 and is showing weak bullish momentum with a small histogram of green bars. At the time of publication, THORChain was trading at $4.00, representing an increase of 5.52% over the past 24 hours.
