The current market session continues to be dominated by bears, as reflected in the global market cap movements. At press time, the total market cap stood at $2.34 trillion, experiencing a 0.3% decrease compared to the same period. Additionally, the trading volume stood at $64.2 billion, representing a 3.9% drop in the last 24 hours.
Bitcoin (BTC) Price Analysis
Bitcoin (BTC) is one of the few cryptocurrencies that has shown positive price movements in today’s session. A closer look at the chart reveals a falling wedge pattern, which is generally considered a bullish reversal pattern. Bitcoin’s price seems to be moving within the wedge, nearing its narrowing end.
Furthermore, the Awesome Oscillator (AO) below the chart indicates a decrease in negative momentum, suggesting a possible reversal. As of press time, Bitcoin was trading at $64,304, reflecting a 0.5% increase in the last 24 hours.
Ethereum (ETH) Price Analysis
Contrary to Bitcoin, Ethereum (ETH) has failed to register significant gains in today’s session. Upon closer analysis, the Ethereum price is observed to be moving towards the middle band after touching the lower band.
Examining other technical indicators, the Relative Strength Index (RSI) stands at 51.64, indicating a neutral stance without overbought or oversold conditions. At press time, Ethereum was trading at $3,494, showing a 0.24% increase over the last 24 hours.
Arweave (AR) Price Analysis
Arweave (AR) stands out as one of the top gainers in today’s session. Upon detailed analysis, it is evident that the Williams Alligator’s moving averages (lips, teeth, jaw) are intertwined, indicating a lack of a clear trend.
Moreover, the Money Flow Index (MFI) is at 60.15, suggesting a mildly positive money flow into the asset. At press time, Arweave was trading at $27.8, reflecting a 7.02% increase in the last 24 hours.
JasmyCoin (JASMY) Price Analysis
JasmyCoin (JASMY) also demonstrates positive price movements in today’s session. In-depth analysis reveals that the JasmyCoin price is currently below the cloud, which is typically considered a bearish sign.
Furthermore, the Woodies Commodity Channel Index shows -22.53, indicating bearish momentum. At press time, JasmyCoin was trading at $0.02857, reflecting a 3.03% increase over the last 24 hours.
ORDI (ORDI) Price Analysis
ORDI (ORDI) is another cryptocurrency that has experienced gains in today’s session. A detailed analysis shows that the ORDI price is currently below the Supertrend line, which is situated at $43.34, indicating a bearish trend.
However, the Money Flow Index stands at 54.38, suggesting a neutral to slightly positive money flow. At press time, ORDI was trading at $40.70, showing a 2.7% increase in the last 24 hours.
