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Thursday, July 25, 2024
EthereumDaily Market Review Bitcoin Ethereum Lido Ethereum Name Service Maker

Daily Market Review Bitcoin Ethereum Lido Ethereum Name Service Maker

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Bears are still in control in today’s trading session, as indicated by the decrease in the global market cap. The total cap currently sits at $2.32T, marking a 3.73% drop over the past 24 hours. Meanwhile, the trading volume stands at $99.08B during the same period, reflecting a 38% decrease.

Bitcoin (BTC) is showing gains despite the bearish trend, with its price movements signaling a potential breakthrough. The Supertrend indicator is red, indicating a bearish trend, as the Bitcoin price tries to surpass the Supertrend resistance line at $66,270.58.

The Average Directional Index sits at 25.31, suggesting a weak trend. Traders should keep an eye on any increase in the ADX to confirm trend strength. At the moment, Bitcoin is trading at $65,549, representing a 0.06% increase over the last 24 hours.

Ethereum (ETH) is also experiencing gains in today’s session, with its price bouncing off the lower Bollinger Band, hinting at a possible short-term bullish reversal. The 20 SMA indicates a bearish trend in the medium term.

Lido DAO (LDO) is among the top gainers, with the Alligator’s lines converging, indicating a potential consolidation. The Awesome Oscillator (AO) has crossed above zero, pointing to a bullish trend. Currently, Lido DAO is trading at $2.37, representing a 19.3% increase over the last 24 hours.

Ethereum Name Service (ENS) has broken above the Ichimoku cloud, suggesting a bullish trend. The MACD line is above the signal line, reinforcing the bullish trend. Ethereum Name Service is currently trading at $26.57, reflecting a 16.68% increase over the last 24 hours.

Maker (MKR) is also a gainer in today’s session, with its price approaching the upper boundary of the pitchfork, indicating potential resistance. The Volume Oscillator is at 14.59%, indicating moderate trading volume. Maker price is currently at $2,488.94, marking a 12.99% increase over the last 24 hours.

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