The bears are in total control in today’s session, as seen from the decrease in the global market cap. The total cap stood at $3.21T as of press time, representing a 1.18% increase over the last 24 hours, while the trading volume dropped by 27.75% over the same period to stand at $168.32B as of press time.
Bitcoin Price Review
Bitcoin, $BTC, has not posted gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the middle band (20 SMA) acts as a dynamic resistance near $98,412.68. The upper band at $102,211.74 suggests a possible resistance zone.
On the other hand, the Awesome Oscillator (AO) is in negative territory, suggesting bearish momentum. Bitcoin traded at $97,710 as of press time, representing a 1.13% increase over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, is among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the Alligator indicator suggests that ETH has been in a sideways consolidation with recent downside pressure. The Ethereum price is below the blue moving average, indicating short-term weakness.
On the other hand, we see that the MFI is at 82.25, suggesting overbought conditions, which could lead to a pullback. Ethereum traded at $2,774 as of press time, representing a 1.64% increase over the last 24 hours.
Dogwifhat Price Review
Dogwifhat, $WIF, is also among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the cloud resistance at $0.889 could be a crucial level to reclaim for bullish momentum. The Tenkan-sen (red line) and Kijun-sen (blue line) are indicating downward momentum.
On the other hand, we see that the Volume Oscillator is at -31.52%, suggesting declining buying interest. Dogwifhat traded at $0.8343 as of press time, representing a 10.18% increase over the last 24 hours.
OFFICIAL TRUMP Price Review
OFFICIAL TRUMP, $TRUMP, is also among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that TRUMP has been in a sharp downtrend, with the Supertrend indicator remaining bearish. The Supertrend resistance is currently around $21.74, meaning a close above this level could signal a reversal.
On the other hand, we see that the ADX at 39.32 suggests that the downward trend is losing strength, hinting at a potential consolidation or relief rally. TRUMP traded at $18.77 as of press time, representing a 10.96% increase over the last 24 hours.
AAVE Price Review
Aave, $AAVE, is also among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that AAVE is trading below the 50-SMA ($291.04) and 100-SMA ($313.88), indicating bearish sentiment. The 200-SMA ($312.09) is a key resistance level.
On the other hand, we see that the MACD is starting to curve upward, suggesting potential bullish divergence. Aave traded at $273.76 as of press time, representing a 6.48% increase over the last 24 hours.
Source: https://blockchainreporter.net/daily-market-review-btc-eth-wif-trump-aave/
