Today’s trading session shows continued bearish dominance, evidenced by a decline in the global market cap. The total cap currently stands at $2.31 trillion, marking a 3.52% decrease over the past 24 hours, while trading volume has risen slightly by 0.75% to $83.05 billion.
Bitcoin Price Analysis
Bitcoin ($BTC) has not seen gains today, as observed from its recent price movements. Detailed scrutiny reveals that the Supertrend indicator has switched from red (indicating bearish sentiment) to green (suggesting bullish potential), signaling a potential uptrend. Bitcoin has surpassed the Supertrend indicator, affirming a bullish trajectory. However, the ADX value sits at 22.43, indicating weak trend strength. Typically, ADX values above 25 denote stronger trends. As of now, Bitcoin is trading at $64,163, reflecting a 2.7% decrease in the last 24 hours.
Ethereum Price Analysis
Ethereum ($ETH) has also experienced significant corrections in today’s session. Analysis reveals that its price recently touched the lower Bollinger Band, indicating potential overselling and a potential reversal. The widening Bollinger Bands suggest heightened volatility. Conversely, the Awesome Oscillator remains in negative territory, indicating bearish momentum. Nonetheless, the diminishing size of recent histogram bars hints at a possible weakening of bearish pressure. Ethereum is currently priced at $3,170, marking a 7.97% decline over the past 24 hours.
Pyth Network Price Analysis
Pyth Network ($PYTH) has shown gains today, based on its price movements. Detailed analysis shows that the Alligator indicator’s lines are intertwined, suggesting a market without a clear trend. The price of Pyth Network is aligned with the Alligator’s jaw (blue line), indicating indecision. Meanwhile, the Woodies CCI fluctuates around the zero line, confirming a ranging market. Pyth Network is trading at $0.3518 at present, marking a 2.35% increase over the past 24 hours.
Flow Price Analysis
Flow ($FLOW) has also seen gains in today’s trading. Analysis indicates that Flow’s price is currently above the Ichimoku Cloud, signaling a bullish trend. The leading span lines (Senkou Span A and B) suggest potential future support around $0.652. On the other hand, the
