The current market session is dominated by bears, evident from the decrease in the global market cap. The total cap is currently at $2.46 trillion, marking a 2.8% decline in the past 24 hours. Trading volume has also increased to $83.7 during the same period, showing a 67% rise.
Bitcoin Price Analysis
Bitcoin is experiencing corrections in today’s session, with the chart displaying a clear bearish trend. The price has broken critical support levels at $68,903.33, leading to a significant drop. Woodie’s CCI indicator indicates extreme bearish momentum, with the price currently at $67,090, down by 3.8% in the last 24 hours.
Ethereum Price Analysis
Ethereum is also facing corrections as it struggles against bearish sentiments. The price has broken key moving averages, with red candles dominating the chart. The Alligator indicator confirms a bearish trend, while the AO indicator shows increased bearish momentum. Ethereum’s price stands at $3,488, down by 5.16% from its previous 24-hour price.
Ripple Price Analysis
Ripple is not immune to the downward trend, with the price sharply declining and breaching the Supertrend indicator’s baseline. The ADX line indicates a strong downward trend, with the price currently at $0.4811, down by 3.5% in the last 24 hours.
Solana Price Analysis
Solana is also experiencing a bearish trend, breaking below the Ichimoku cloud and showing expanding bearish strength. The Volume Oscillator suggests inconsistent trading volume during this downward movement. Solana’s price is at $148.5, representing an 8.4% drop from its previous 24-hour price.
Dogecoin Price Analysis
Dogecoin has also fallen victim to bearish activity, with the chart indicating a descending channel. The MFI indicator shows some buying interest, with the price currently at $0.1374, down by 5.8% from its previous 24-hour price.
