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Thursday, July 25, 2024
EthereumDaily Market Review Bitcoin Ethereum Wrapped Bitcoin Brett and TON

Daily Market Review Bitcoin Ethereum Wrapped Bitcoin Brett and TON

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The latest market session has seen bullish activity with a rise in the global market cap. The total cap has reached $2.35 trillion at press time, marking a 0.4% increase in the last 24 hours. However, trading volume has decreased by 49% during the same period to $32.44 billion.

Bitcoin Price Analysis
Bitcoin (BTC) did not show any significant gains in today’s session. The price of BTC is currently at 62,199.5, below the lower Bollinger Band, indicating a strong bearish trend. The Awesome Oscillator (AO) is at -1,016.1, showing strong bearish momentum with multiple red bars. BTC traded at $62,431 at press time, reflecting a 2.9% decrease in the last 24 hours.

Ethereum Price Analysis
Ethereum (ETH) is also experiencing corrections in today’s session. The price of Ethereum is at 3,367.7, below the lower Bollinger Band, signaling a bearish trend. The Awesome Oscillator (AO) is at -65.5, indicating strong bearish momentum with red bars. ETH traded at $3,377 at press time, showing a 3.7% decrease in the last 24 hours.

Dogwifhat Price Analysis
Dogwifhat (WIF) failed to gain in today’s session, with its price at 1.5338, below the Supertrend indicator, suggesting a bearish trend. The Money Flow Index (MFI) is at 29.79, indicating the asset is nearing oversold territory. Dogwifhat traded at $1.56 at press time, reflecting a 13.5% decrease in the last 24 hours.

Brett Price Analysis
Brett (BRETT) is also facing losses in today’s session, trading at 0.13055, below the Ichimoku Cloud, indicating a bearish trend. The Woodies CCI is at -191.49334, showing strong bearish momentum. Brett traded at $0.131 at press time, showing a 12.04% decrease in the last 24 hours.

Toncoin Price Analysis
Toncoin (TON) is one of the gainers in today’s session. The Relative Strength Index (RSI) is at 44.44, indicating the asset is in the neutral zone. Toncoin is in a neutral to slightly bearish trend, trading near the lower end of the range. The RSI suggests potential for either direction as Toncoin traded at $7.24 at press time, reflecting a 4.9% decrease in the last 24 hours.

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