The current market session is being dominated by bears, as evidenced by the drop in the global market cap following yesterday’s bull market. At present, the total cap stands at $2.59 trillion, representing a 0.33% decrease in the last 24 hours. The trading volume during this period is 94.96 billion, marking a 20.8% decrease compared to the previous 24 hours.
Bitcoin (BTC) is experiencing corrections in today’s session, as indicated by its price movements. Analysis of the Bollinger Bands reveals that the Bitcoin price recently reached the upper band, suggesting potential resistance. Conversely, the Woodies CCI indicator is in negative territory, indicating a possible downward price momentum. Currently, the Bitcoin price is $68,015, reflecting a 2.80% decrease in value over the past 24 hours.
Ethereum (ETH) is also among the gainers in today’s session, as observed from its price increase. A detailed analysis shows that the Williams Alligator Indicator lines are well-spaced and trending upwards, indicating a strong bullish phase. However, the MFI (Money Flow Index) is currently high, suggesting strong buying interest approaching overbought levels. As of now, the Ethereum price stands at $3,791, representing a 1.77% increase in value over the last 24 hours.
Ripple (XRP) is also experiencing gains in today’s session. The Ripple price is above the super trend, indicating bullish prospects. However, recent red candlestick patterns could suggest bearish actions on the token. Additionally, the Awesome Oscillator indicates a weak bullish momentum, with the bars above the zero line but decreasing in height. Currently, the Ripple price is $0.5342, reflecting a 0.08% increase in value over the past 24 hours.
NEAR Protocol is also among the gainers in today’s session, as evidenced by its price movements. An analysis of the cloud lines shows mixed signals, suggesting indecision in the market. Furthermore, the volume oscillator indicates low volume variability, indicating a lack of strong buying or selling interest. As of now, the NEAR Protocol price is $7.64, marking a 3.12% increase in value over the last 24 hours.
However, Avalanche (AVAX) is facing corrections in today’s session, as indicated by its price increase. In-depth analysis reveals that the Auto Pitchfork indicates potential support and resistance levels, with the Avalanche price near the median line, which may act as support. Conversely, the ADX (Average Directional Index) shows a decrease in trend strength, suggesting that the current trend is weakening. At present, the Avalanche price stands at $38.4, reflecting a 4.28% decrease in value over the past 24 hours.
