The current market session is being dominated by bears, as indicated by the recent increase in the global market cap. As of now, the total cap stands at $2.6 trillion, showing a decrease of 0.57% in the past 24 hours. Additionally, the trading volume has decreased by 40.49%, currently standing at $99.77 billion.
Bitcoin (BTC) is experiencing consolidation in today’s session, as evident from its price movements. A closer analysis reveals that the Bollinger Bands are widening, suggesting increased market volatility. The formation of a bearish candlestick close to the lower band may indicate a potential reversal or further decline. The Awesome Oscillator, displayed at the bottom of the chart, shows a trend of decreasing red bars, signaling a weakening bullish momentum. The current price of Bitcoin stands at $69,589, representing a 0.32% decrease in valuation over the last 24 hours.
On the other hand, Ethereum (ETH) has seen some gains in today’s session. An in-depth analysis shows a significant bullish surge, with Ethereum breaking past the resistance of the super trend indicator, which now acts as support. The super trend has turned green, indicating a strong bullish phase. Although the Relative Strength Index (RSI) is not shown, it would likely indicate overbought conditions due to the steep ascent. However, the Woodies CCI oscillates around zero, suggesting a weak trend. The current price of Ethereum is $3,784, reflecting a 0.6% increase in valuation over the last 24 hours.
Kaspa (KAS) is also among the gainers in today’s session, showing moderate upward movement within a rising channel. The price charts indicate higher lows and higher highs, suggesting a positive trend. The Alligator indicator aligns bullishly, with the jaw (blue), teeth (red), and lips (green) lines in the correct order for a continued upward movement. However, the ADX holds a value of 24, indicating a weak bull trend. The current price of Kaspa is $0.1412, representing a 6.16% increase in valuation over the last 24 hours.
Similarly, Dogwifhat (WIF) has experienced price gains in today’s session. A detailed analysis reveals a mixed Ichimoku Cloud, with the price currently positioned between the red cloud (Senkou Span B) and the green cloud (Senkou Span A). This indicates a lack of a clear trend. Additionally, the money flow index is heading south, indicating increasing selling pressure on the meme coin. The current price of Dogwifhat is $3.01, reflecting a 5.54% increase in valuation over the last 24 hours.
Lastly, Pepe (PEPE) has also gained in today’s session. The price action shows a recent bullish rally following a consolidation phase. The Auto Pitchfork suggests that the price is currently testing the median line, which could serve as a pivot point for further movements. The volume oscillator, currently in the negative, is moving upwards, indicating a shift in momentum from bearish to bullish. The current price of Pepe is $0.0000142, representing a 3.5% increase over the last 24 hours.
