The bears are in total control in today’s session, as seen from the increase in the global market cap. The total cap stood at $2.09T as of press time, representing a 0.81% increase over the last 24 hours, while the trading volume dropped by 18.15% over the same period to stand at $67.46B as of press time.
Bitcoin Price Review
Bitcoin, $BTC, has posted gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the Bollinger Bands are showing a period of increased volatility with the bands expanding, particularly evident in the recent downward movement. The Bitcoin price is currently trading near the lower Bollinger Band, suggesting it may be oversold or nearing a support level.
On the other hand, we see that the Awesome Oscillator shows negative momentum, but there are signs of potential reversal with the histogram bars starting to reduce in size from the negative side. Bitcoin traded at $59,429 as of press time, representing a 0.85% decrease over the last 24 hours.
4-hour BTC/USD Chart | Source: TradingView Ethereum Price Review
Ethereum, $ETH, is not among the gainers in today’s session as well. Looking at an in-depth analysis, we see that the the price is trading below the Ichimoku Cloud, indicating a bearish trend. The Tenkan-Sen (conversion line) is below the Kijun-Sen (baseline), supporting the bearish sentiment.
On the other hand, we see that the Volume Oscillator is slightly negative, suggesting a decrease in buying pressure. Ethereum traded at $2,528 as of press time, representing a 0.92% decrease over the last 24 hours.
4-hour ETH/USD Chart | Source: TradingView Monero Price Review
Monero, $XMR, is a gainer in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that the the Alligator indicator shows a bearish alignment, with the Jaw, Teeth, and Lips (blue, red, green lines) indicating a downtrend.
On the other hand, we see that the Woodies CCI is currently above zero but shows signs of potential divergence, indicating caution. Monero traded at $165.48 as of press time, representing a 5.64% increase over the last 24 hours.
4-hour XMR/USD Chart | Source: TradingView Beam Price Review
Beam, $BEAM, is a gainer in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that the Supertrend indicator shows a bearish trend, with the price trading below the resistance level (red band).
On the other hand, we see that the Volume Oscillator is slightly negative, suggesting a lack of buying interest. Beam traded at $0.01535 as of press time, representing a 4.72% increase over the last 24 hours.
4-hour BEAM/USDT Chart | Source: TradingView Flare Price Review
Flare, $FLR, is also among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that the the Flare price is within the lower half of the Auto Pitchfork channel, suggesting a bearish bias.
On the other hand, we see that the ADX value is above 25, indicating a strong trend, but it’s currently at a declining slope, which could signify weakening trend strength. Flare traded at $0.0162 as of press time, representing a 4.65% increase over the last 24 hours.
4-hour FLR/USD Chart | Source: TradingView
