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Thursday, July 25, 2024
AltcoinsBTC ETH CFX PYTH ADA Daily Market Review

BTC ETH CFX PYTH ADA Daily Market Review

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Today’s market session has witnessed a dominant presence of bears, reflected in the global market cap decline. At present, the total cap stands at $2.29 trillion, marking a 1.49% drop over the past 24 hours. Concurrently, trading volume has surged to $54.64 billion during the same period, indicating a 7.7% increase.

**Bitcoin Price Analysis**
Bitcoin (BTC) hasn’t fared well in today’s trading session, as its current price suggests. Detailed scrutiny reveals Bitcoin is positioned towards the lower band, hinting at potential oversold conditions amidst widened bands signaling heightened volatility. Furthermore, the Awesome Oscillator displays red bars below the zero line, signaling a bearish trend. As of now, Bitcoin is trading at $60,856, reflecting a 2.81% decline in the last 24 hours.

![4-hour BTC/USD Chart](TradingView)

**Ethereum Price Analysis**
Ethereum (ETH) also shows a lack of upward movement in today’s trading session. Detailed analysis reveals intersecting lines with a slight bearish cross, potentially indicating a shift in trend or consolidation. Meanwhile, the MFI stands at 41.20, indicating a neutral stance trending slightly bearish. Ethereum is currently trading at $3,351, marking a 2.4% decrease over the past 24 hours.

![4-hour ETH/USD Chart](TradingView)

**Conflux Price Analysis**
Conflux (CFX) stands out among today’s top performers, driven by its price movements. Detailed analysis reveals a rising wedge pattern, typically suggestive of an impending bearish reversal. Meanwhile, the Volume Oscillator sits at -14.53%, signaling diminishing buying pressure. As of now, Conflux trades at $0.1721, reflecting a 3.08% increase in the last 24 hours.

![4-hour CFX/USDT Chart](TradingView)

**Pyth Network Price Analysis**
Pyth Network (PYTH) also emerges as a gainer in today’s session, buoyed by its price movements. In-depth analysis shows Bitcoin’s price currently within the cloud, indicating uncertainty. The converging leading span lines suggest potential consolidation or a trend reversal. Additionally, the ADX stands at 14.07, indicating a weak trend. As of now, Pyth Network is trading at $0.3278, marking a 1.3% increase over the past 24 hours.

![4-hour PYTH/USDT Chart](TradingView)

**Cardano Price Analysis**
Cardano (ADA) has also shown gains in today’s trading session, evident from its price movements. Detailed analysis reveals a bullish signal from the Supertrend indicator, with the price above the Supertrend line. Moreover, the MACD line remains above the signal line, indicating strong bullish momentum. As of now, Cardano is trading at $0.4159, marking a 2.1% increase over the past 24 hours.

![4-hour ADA/USDT Chart](TradingView)

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