Today’s trading session has witnessed a bullish sentiment as evidenced by the increase in the global market cap. The total market cap currently stands at $2.36 trillion, representing a 0.09% rise in the last 24 hours. However, the trading volume has experienced a decline of 11.3%, reaching $66.77 billion during the same period.
Bitcoin (BTC) has failed to generate gains in today’s session, as indicated by its price movements. A closer analysis reveals that the Bitcoin price is nearing the lower band, suggesting a potential oversold condition and the possibility of a rebound towards the middle band. Meanwhile, the Money Flow Index (MFI) sits at 41.41, indicating a neutral momentum without being overbought or oversold. At the time of writing, Bitcoin is being traded at $64,554, reflecting a 1.2% decrease in the last 24 hours.
In the case of Ethereum (ETH), it is also experiencing losses in today’s session based on its price movements. A detailed analysis shows that the Alligator lines (Jaw, Teeth, Lips) are intertwined, signifying a lack of a clear trend. When these lines are mixed, it often indicates a period of consolidation. Additionally, the MFI stands at 61.57, approaching the overbought territory, indicating some buying pressure, but not yet at extreme levels. Ethereum is currently being traded at $3,511, representing a 1.84% decrease over the last 24 hours.
On the other hand, Core (CORE) is one of the gainers in today’s session, judging by its price movements. A thorough analysis reveals that the Supertrend indicator is displaying a buy signal, as the price remains above the green trend line. However, the Woodies CCI values are negative, suggesting a bearish momentum and a significant sell signal. Core is currently being traded at $1.42, reflecting an 8% increase in the last 24 hours.
Similarly, Sui (SUI) is another cryptocurrency that is experiencing gains in today’s session. Upon closer examination, the Sui price is positioned below the cloud, indicating a bearish trend. The leading spans are also indicating future resistance levels. Conversely, the Volume Oscillator currently stands at -7.00%, suggesting a decrease in volume compared to the short-term average and weakening momentum. Sui is currently being traded at $0.9029, representing a 2.81% increase over the last 24 hours.
Lastly, Lido DAO (LDO) is another cryptocurrency that is showing gains in today’s session. A detailed analysis reveals that the Lido DAO price is currently located in the upper half of the pitchfork channel, suggesting a potential upward trend. However, it is approaching the upper resistance line of the pitchfork. Meanwhile, the Average Directional Index (ADX) stands at 11.91, indicating a weak trend. ADX values below 20 typically signify a non-trending or weak trend environment. Lido DAO is currently being traded at $2.30, reflecting a 1.37% increase in the last 24 hours.
