Bears have once again taken control of today’s trading session, as evidenced by the decline in the global market capitalization. At the time of writing, the global market cap stood at $2.24 trillion, representing a 2.25% drop over the past 24 hours. However, trading volume has increased by 7% to reach $75 billion.
Turning our attention to Bitcoin (BTC), it has experienced gains in today’s session, as indicated by its price movements. A detailed analysis of Bitcoin price charts reveals that it is currently trading around the middle Bollinger band, suggesting moderate volatility.
Examining other indicators, we observe that the AO (Awesome Oscillator) is transitioning from negative to positive, signaling a potential shift in momentum. As of now, the price of Bitcoin stands at $62,021, representing a 0.23% increase from its price 24 hours ago.
Moving on to Ethereum (ETH), it has failed to register gains today and is facing consolidation. A thorough analysis shows that the Ethereum price is below the Ichimoku cloud, indicating bearish momentum.
Additionally, the Average Directional Index (ADX) is moderately high, suggesting that the downtrend is firmly established. Currently, the price of Ethereum is $2,914, reflecting a 0.01% decrease from its price in the previous 24 hours.
In contrast, Internet Computer (ICP) is experiencing gains in today’s session, as evidenced by its price movements. Analyzing the price charts, we can see that the Money Flow Index (MFI) is in the middle range, indicating a balance between buying and selling pressure.
The Internet Computer price has been in a prolonged downtrend, with prices consistently remaining below the moving averages. At present, the price of Internet Computer stands at $12.02, representing a 1.3% increase from its price 24 hours ago.
Pepe (PEPE) is also having a notable session, as indicated by its price movements today. A detailed analysis of Pepe price charts reveals that the MACD is trending upwards with increasing momentum.
Furthermore, market behavior suggests positive momentum for this meme coin. The Pepe price has recently broken above the Ichimoku Cloud, turning it from a resistance level to a support level. Currently, the price of Pepe is $0.00001137, reflecting a 6.9% increase from its price in the previous 24 hours.
Lastly, Arweave (AR) is another cryptocurrency experiencing gains in today’s session. A thorough analysis shows that the Arweave price is moving within a downward pitchfork channel, indicating controlled bearish momentum. The recent activity is centered around the middle line of the pitchfork.
On the other hand, the CCI (Commodity Channel Index) hovering around the zero line suggests a neutral market. At the time of writing, the price of Arweave is $41.2, representing a 4.7% increase from its price 24 hours ago.
