Today’s trading session has seen a surge of bearish activity, resulting in a decline in the global market cap. At present, the total cap stands at $2.26 trillion, marking a 2.24% decrease over the last 24 hours. Simultaneously, trading volume has reached $54.54 billion during the same period, reflecting a 5.7% increase.
Bitcoin Price Analysis
Bitcoin (BTC) experienced losses in today’s session as evidenced by its price movement trending towards the lower band, hinting at heightened volatility and a potential downward trajectory.
Additionally, Bitcoin’s RSI (14) is recorded at 28.29, indicating that it has entered into oversold territory. Currently, Bitcoin is being traded at $58,415 per unit after enduring a 3.9% decline within the past day.
Ethereum Price Analysis
Ethereum (ETH) also suffered losses today with its price movements signaling bearishness through an alignment of Alligator’s lines and negative MACD readings placing it under pressure.
At present, Ethereum is being traded at $3,189 per unit following a decline of 4.8% over the last 24 hours.
Worldcoin Price Analysis
Worldcoin (WLD) emerged as one of the few gainers amidst today’s session; however detailed analysis reveals that it is on a downward trend with confirmation from Supertrend indicators indicating sell signals.
Moreover, ADX suggests that this downtrend exhibits substantial strength with potential for continued bearish momentum as Worldcoin trades at $2.37 each postulating a reduction of 3%.
Ripple Price Analysis
Ripple (XRP) observed downsides in its price movements defining an underlying bearish trend below Ichimoku Cloud while Volume Oscillator indicates slightly higher volume during recent downswings.
Currently priced at $0.4574 each after suffering a decrease of 4%, Ripple continues to face challenges.
Cardano Price Review
Cardano (ADA), similarly contended with losses amid prevailing bear sentiment where prices are approaching support levels within the pitchfork channel while Woodies CCI signals strong bearish trends registering -182/609.
As press time Cardano was trading at $0/3938 deducting approximately by %5 over last twenty-four-hour period/periods you referenced .
