The current market session has been dominated by bearish activity, as evidenced by the decline in the global market cap. The total market cap is currently at $2.44T, marking a 0.39% decrease in the last 24 hours. Trading volume has also decreased by 24% to $69.8B during the same period.
Bitcoin (BTC) is experiencing a bearish trend today, with its price falling below the 20-day Simple Moving Average (SMA). The Bollinger Bands are expanding, indicating increased volatility and recent price action shows a bearish momentum below the midline of the bands. The Woodies CCI suggests a shift to bearish sentiment, as it moves from positive to negative territory. At the time of writing, Bitcoin is priced at $66,190, down 1.2% from the previous 24-hour price.
Ethereum (ETH), on the other hand, is showing some positive movement in today’s session. The price is consolidating around $3,500, with attempts at a bullish recovery being limited by downward sloping moving averages. The MFI indicator is trending upwards, signaling increased buying pressure, although the price remains under key moving averages. Ethereum is currently priced at $3,540, representing a 0.97% drop from the previous 24-hour price.
Lido DAO (LDO) has also seen some gains today, with the price stabilizing after a sharp drop. The chart shows uncertainty as the price oscillates around the mid-range of the Ichimoku cloud. The MFI indicator indicates a neutral sentiment, with buying and selling pressure balanced. Lido DAO is currently priced at $2.05, down 3.38% from the previous 24-hour price.
Gnosis (GNO) is another gainer in today’s session, with a volatile trading pattern below the Ichimoku cloud indicating bearish conditions. The MACD line is slightly below the signal line, and histograms show a decrease in negative momentum, hinting at a potential slowdown in the downward trend. Gnosis is priced at $326.07, up 1.4% from the previous 24-hour price.
Optimism (OP) is also showing positive movement, trading below the Ichimoku Cloud in a bearish trend. The cloud acts as a resistance area, with the nearest resistance around $338.8. The MACD has crossed above the signal line, signaling a bullish trend, although the histogram still shows negative values, indicating the bullish momentum is not very strong. Optimism is priced at $2.06, up 1.46% from the previous 24-hour price.
