Daily Market Review: BTC, NEAR, LTC, ETC, APT
Bears have taken control of the markets, as seen from the decrease in the global market cap. The total cap stood at $2.36 as of press time, representing a 0.94% decrease over the last 24 hours. The trading volume dropped by 21% to $67.17B as of press time.
Bitcoin Price Review
Bitcoin (BTC) is still facing consolidations today as evidenced by its price movements. However, an in-depth analysis shows a downward trend, as the price is below both the 20-period Simple Moving Average (SMA) and the Bollinger Bands’ middle SMA.
The widening of the Bollinger Bands indicates increased volatility in recent periods. On the other hand, the Commodity Channel Index (CCI) is below -100, indicating bearish momentum. As of press time, the Bitcoin price stood at $63,981, representing a 1.21% decrease from its previous 24-hour price.
NEAR Protocol Price Review
NEAR Protocol is among the gainers in today’s session as evidenced by its price movements. We notice that NEAR Protocol price charts are moving above the SuperTrend indicator, which signals a bullish trend. The NEAR Protocol price appears to be consolidating within a narrow range after a significant uptrend.
On the other hand, looking at indicators, the Volume Oscillator is negative, indicating lower trading volume, which suggests a lack of strong momentum behind the recent price movements. As of press time, the NEAR Protocol price stood at $6.99, representing a 0.21% increase from its previous 24-hour price.
Litecoin Price Review
Despite the bear session, Litecoin (LTC) is also a gainer in today’s session. An in-depth analysis shows that the Litecoin price action is contained within an ascending Auto Pitchfork, indicating an upward trend.
On the flip side, looking at indicators, we see that the Awesome Oscillator (AO) shows green bars, suggesting bullish momentum is in play. As of press time, the Litecoin price stood at $87.61, representing a 3.6% increase from its previous 24-hour price.
Ethereum Classic Price Review
Ethereum Classic (ETC) is among the gainers today as evidenced by its price movements. The Ethereum Classic price fluctuates around the Alligator indicator lines, suggesting a lack of a clear trend.
On the other hand, looking at momentum indicators, we see the Relative Strength Index (RSI) is near the 50 level, which does not significantly favor either bulls or bears. As of press time, the Ethereum Classic price stood at $27.52, representing a 3.78% increase from its previous 24-hour price.
Aptos Price Review
However, Aptos (APT) has fallen prey to the bear action in today’s session, as evidenced by its price movements. Looking at an in-depth analysis, we notice that The Aptos price is below the Ichimoku cloud, indicating a bearish trend. The cloud is expanding, which could suggest an increase in volatility.
Conversely, the Moving Average Convergence Divergence (MACD) is below zero and shows red bars on the histogram, which signals bearish momentum. As of press time, the Aptos price stood at $8.89, representing a 2.55% decrease from its previous 24-hour price.
