The current market session is dominated by bears, leading to a decrease in the global market cap. The total market cap currently stands at $2.42 trillion, showing a 4.3% increase over the past 24 hours, while the trading volume has reached $88.76 billion, marking an 11.72% increase during the same period.
Bitcoin Price Analysis
Bitcoin (BTC) is showing a retracement after a surge, with its price movements indicating a move towards the lower band, hinting at a potential oversold situation. Despite this, there are no clear signs of a reversal yet, as recent candles remain close to the lower boundary. The Awesome Oscillator (AO) is displaying red bars, signaling that bearish momentum is still present. At the moment, the Bitcoin price is at $66,988, marking a 0.8% decrease from its previous 24-hour price.
Ethereum Price Analysis
Ethereum (ETH) is one of the top performers in today’s session, with its price movements reflecting a potential short-term reversal as it hovers near the lower band. The Average Directional Index (ADX) line is above 25, indicating a strong trend, although the decreasing slope may suggest a weakening of the current downtrend. The current Ethereum price stands at $3,517, showing a 0.46% drop from its previous 24-hour price.
Uniswap Price Analysis
Uniswap (UNI) is also experiencing gains in today’s session, with the Williams Alligator confirming the continuation of the uptrend. The Money Flow Index (MFI) is high at 86.32, suggesting potential overbought conditions that could lead to a temporary pullback. Currently, the Uniswap price is at $10.67, marking an 8.19% increase from its previous 24-hour price.
Toncoin Price Analysis
Toncoin (TON) is showcasing positive price movements today, with its price above the cloud indicating bullish conditions. However, a recent retest of the cloud top calls for caution. The Volume Oscillator is showing a negative value, indicating a decrease in volume during recent price increases, which may signal a weakening bullish momentum. The current Toncoin price is $7.81, showing a 3.15% increase from its previous 24-hour price.
Conflux Price Analysis
Conflux (CFX) is another gainer in today’s session, with a recent top formation indicating a potential downward move according to a predictive model. Woodie’s CCI is below the zero line, pointing to bearish conditions, with the red line suggesting continued downward momentum. The current Conflux price stands at $0.1925, showing a 2.16% increase from its previous 24-hour price.
