The global market cap has seen a decrease, indicating that bears have the upper hand in today’s session. At present, the total cap stands at $2.55 trillion, reflecting a 0.66% drop in the last 24 hours. Conversely, the trading volume has experienced a significant increase of 36.2% during the same period, reaching $90.67 billion.
Bitcoin (BTC) is currently undergoing consolidations, as evidenced by its price movements. A detailed analysis reveals that the price has recently breached below the middle Bollinger Band, suggesting a potential continuation of the downtrend. The Relative Strength Index (RSI) stands at 42.76, indicating that the market is neither overbought nor oversold, but leaning towards a bearish momentum. As of now, the Bitcoin price is $67,974, representing a 0.72% decrease in valuation over the past 24 hours.
Ethereum (ETH) is also experiencing consolidation in today’s session, as observed from its price increase. Analyzing the price charts, it is evident that Ethereum has displayed a strong upward movement, briefly touching the upper Bollinger Band before retracing slightly. Meanwhile, the Woodies CCI is around -13.09, suggesting a bearish phase for Ethereum. Currently, the Ethereum price stands at $3,855, indicating a 0.65% increase in valuation over the last 24 hours.
Dogwifhat (WIF) is another cryptocurrency that has gained ground in today’s session, as reflected in its price movements. A detailed analysis shows that the Dogwifhat price appears to be consolidating, as indicated by the Alligator’s tangled lines, which suggest a lack of a clear trend direction in the short term. Additionally, the MACD line is below the signal line, pointing towards bearish momentum. This aligns with the slight downward trend shown by the recent price action below the Alligator’s Jaw. As of now, the Dogwifhat price is $3.29, representing a 7.9% increase in valuation over the past 24 hours.
Celestia (TIA) is also among the top gainers in today’s session. Upon conducting an in-depth analysis, it is evident that the Celestia price fluctuates within the Ichimoku cloud, indicating a consolidation phase or uncertainty in the market direction. Moreover, the CCI stands at 110, suggesting that the Celestia price is approaching overbought conditions, although it has not reached that level yet. At present, the Celestia price is $9.82, reflecting a 6.9% increase in valuation over the last 24 hours.
Chainlink (LINK) is yet another cryptocurrency that has experienced gains in today’s session, as seen from its price movements. Analyzing the Chainlink price charts, it is apparent that the price has been rising within an upward channel, as indicated by the Pitchfork tool, suggesting a bullish trend. However, the ADX value is 16.95, indicating a weak trend strength, which implies that the trend may not be very robust. Currently, the Chainlink price stands at $18.13, representing a 6.74% increase in valuation over the last 24 hours.
