The bears are still in control in today’s session, as seen from the increase in the global market cap. The total cap stood at $2.39T as of press time, representing a 0.23% decrease over the last 24 hours, while the trading volume dropped by 17% over the same period to stand at $65.07B as of press time.
Bitcoin Price Review
Bitcoin, $BTC, has failed to post gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, the Bitcoin price has recently broken below the lower trendline of the wedge, indicating a potential trend reversal. The target for this pattern is around $54,000, suggesting a significant downside potential.
On the other hand, the Awesome Oscillator (AO) is currently negative, supporting the bearish outlook. Bitcoin traded at $64,584 as of press time, representing a 2.23% 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 its price movements. An in-depth analysis shows that Ethereum trades within the Bollinger Bands, indicating average volatility. The price is near the middle band, suggesting a balance between buyers and sellers.
On the other hand, the volume oscillator shows a slightly negative value, indicating a decreasing volume. A breakout above the upper band or a breakdown below the lower band could signal the next directional move. Ethereum traded at $3,188 as of press time, representing a 3.99% increase over the last 24 hours.
4-hour ETH/USD Chart | Source: TradingView Beam Price Review
As seen from its price movements, Beam, $BEAM, has also failed to post gains in today’s session. Looking at an in-depth analysis, Beam shows a convergence of the Alligator indicator’s lines, suggesting a lack of a clear trend. The beam price hovers around the alligator’s mouth, indicating a potential for sideways movement or the start of a new trend.
On the other hand, looking at other indicators, we see that the ADX value is low at 18.43, confirming the current trend’s weakness. Beam traded at $0.01787 as of press time, representing a 4.19% decrease over the last 24 hours.
4-hour BEAM/USDT Chart | Source: TradingView MOG Coin Price Review
MOG Coin, $MOG, is among the top losers in today’s session, as seen from the price movements. However, an in-depth analysis shows that MOG Coin trades above the Supertrend indicator, indicating a bullish trend.
On the other hand, the RSI is at 59.63, suggesting that the coin is not yet overbought and has room to move higher. The MOG Coin price recently found support at the Supertrend line, reinforcing the bullish outlook. As of press time, MOG Coin traded at $0.051765, representing a 15.6% decrease over the last 24 hours.
4-hour MOG/USDT Chart | Source: TradingView Kaspa Price Review
Kaspa, $KAS, is also among the gainers in today’s session, as seen from the price movements. An in-depth analysis shows that Kaspa trades above the Ichimoku Cloud, indicating a bullish trend. The price is well above the conversion and baseline, suggesting solid bullish momentum.
On the other hand, the Money Flow Index (MFI) is at 76.86, indicating that the coin is nearing overbought territory, which could lead to a short-term pullback. As of press time, Kaspa traded at $0.2046, representing a 2.58% increase over the last 24 hours.
4-hour KAS/USDT Chart | Source: TradingView