๐ฅDaily Market Review: BTC, ETH, ONDO, LDO, LINK
๐ Market Overview: Bears dominate today's session, with the global market cap at $2.53B, down 2.43% in 24 hours. Trading volume increased by 9.18% to $114B.
๐ Bitcoin Price Review: Bitcoin (BTC) is correcting, down 3.6% to $66,881. It dropped below the 20-period SMA, showing short-term bearish momentum. ADX at 30.78 indicates a strong bearish trend.
๐ Ethereum Price Review: Ethereum (ETH) is also correcting, down 3% to $3,673. It shows a bullish spike but retracted to the middle of the Bollinger Bands. MFI at 39.96 suggests it's slightly oversold, indicating potential buying opportunities.
๐ Ondo Price Review: Ondo (ONDO) is up 8.3% to $1.05. It shows bullish movement above moving averages. CCI at 48.78 indicates it's nearing overbought territory but has room for upward movement.
๐ Lido DAO Price Review: Lido DAO (LDO) is up 7.68% to $2.25. Trading in a narrow range within the Ichimoku cloud suggests possible consolidation. MFI at 55.14 shows balanced buying and selling pressures.
๐ Chainlink Price Review: Chainlink (LINK) is up 1.6% to $16.85, riding a bullish phase along the auto pitchfork channel. The Volume Oscillator at 12.41% supports the bullish momentum with increased trading volume.