The bears are still in control in today’s session, as seen from the decrease in the global market cap. The total cap stood at $2.4T as of press time, representing a 0.62% decrease over the last 24 hours, while the trading volume dropped by 6.19% over the same period to stand at $82.5B as of press time.
Bitcoin Price Review
Bitcoin, $BTC, is not among the gainers in today’s session, as seen from its price movements. An in-depth analysis shows that the Bitcoin price is near the lower band, indicating that Bitcoin might be oversold. The bands are expanding, suggesting increased volatility.
On the other hand, we see that the Awesome Oscillator is showing red bars, indicating bearish momentum. The histogram is declining, which supports the bearish trend. As of press time, Bitcoin traded at $65,998, representing a 0.79% decrease over the last 24 hours.
4-hour BTC/USD Chart | Source: TradingView Ethereum Price Review
Ethereum $ETH has also failed to post gains in today’s session, as seen from the price movements. An in-depth analysis shows that the Supertrend shows a green signal, indicating a bullish trend. However, the price is close to this support, which could be tested soon.
On the other hand, we see that the ADX is at 20.87, indicating a weak trend. This suggests that the current trend might have weak momentum. Ethereum traded at $3,447 as of press time, representing a 0.09% decrease over the last 24 hours.
4-hour ETH/USD Chart | Source: TradingView Ethena Price Review
Ethena $ENA is among the day’s gainers, as seen from its price movements. Looking at an in-depth analysis, we see that the Alligator lines are converging, indicating a potential shift in trend. The Ethena price has moved above the Alligator’s teeth (red line), suggesting possible bullish momentum.
On the other hand, we see that the Volume Oscillator shows an increase, suggesting rising trading activity and potential accumulation. Ethena traded at $0.4769 as of press time, representing a 10.5% increase over the last 24 hours.
4-hour ENA/USD Chart | Source: TradingView Helium Price Review
Helium $HNT is among the day’s gainers, as seen from its price movements. An in-depth analysis shows that the Helium price is well above the cloud, and the leading span is bullish, suggesting continued upward momentum.
On the other hand, we see that the RSI is at 68.84, close to the overbought territory. This suggests that the price might face some resistance and potential consolidation. Helium traded at $5.29 as of press time, representing a 5.23% increase over the last 24 hours.
4-hour HNT/USDT Chart | Source: TradingView Ethereum Name Service Price Prediction
Ethereum Name Service $ENS is also among the gainers in today’s session, as seen from the price movements. An in-depth analysis shows that ENS trades within the Pitchfork Channel, moving towards the lower boundary. The Ethereum Name Service price is approaching the lower line of the Pitchfork, which could act as support.
On the other hand, we see that the MACD shows a bearish crossover with the histogram declining, indicating bearish momentum. ENS traded at $28.32 as of press time, representing a 3.74% increase over the last 24 hours.
4-hour ENS/USD Chart | Source: TradingView
