Daily Market Review: BTC, ETH, KAS, TON, ROSE
Today’s market session has bears on the front foot, as seen from the drop in the global market cap. The total cap stood at $2.24T as of press time, representing a 0.57% drop over the last 24 hours, while the trading volume, on the other hand, stood at $34.9B, representing a 41.95% drop over the same period.
Bitcoin Price Review
Bitcoin (BTC) has made slight gains in today’s session, as evidenced by its price movements. Looking at in-depth analysis, we see that the Bitcoin price is moving near the lower band. This indicates that the price is in a potentially oversold region, suggesting a possible bullish reversal if other indicators align.
On the other hand, the Awesome Oscillator (AO is predominantly red but starting to turn green, indicating a potential shift in momentum from bearish to bullish. As of press time, Bitcoin traded at $60,966, representing a 0.37% increase over the last 24 hours.
Ethereum Price Review
Ethereum (ETH) failed to register gains in today’s session, as seen from the price movements. An in-depth analysis shows that Ethereum price action is crisscrossing the SMA lines, indicating indecision in the market.
On the other hand, the Relative Strength Index (RSI) is around the middle (34.79), suggesting neither overbought nor oversold conditions, aligning with the ongoing consolidation phase. Ethereum traded at $3,375 as of press time, representing a 0.27% decrease over the last 24 hours.
Kaspa Price Review
Kaspa (KAS) is also among the gainers in today’s session, as seen from its price movements. An in-depth analysis shows that the Kaspa price is above the Ichimoku cloud, and the future cloud is bullish.
On the other hand, looking at other indicators, we see that the Woodies CCI is around zero after a bullish peak, suggesting consolidation after recent gains. As of press time, Kaspa traded at $0.1899, representing a 6.3% increase over the last 24 hours.
Toncoin Price Review
Toncoin (TON) is also among the gainers in today’s session, as seen from its price movements. An in-depth analysis shows that the charts indicate a buy with the Toncoin price above the trend line.
On the other hand, the Volume Oscillator has negative readings, suggesting lower trading volume on up moves, which could question the sustainability of the current trend. As of press time, Toncoin traded at $7.69, representing a 2.5% increase over the last 24 hours.
Oasis Price Review
Oasis (ROSE) is also among the gainers in today’s session, as seen from its price movements. An in-depth analysis shows that the Oasis price shows a rising wedge pattern, which typically suggests a bearish reversal in the context of an uptrend.
On the other hand, the ADX (Average Directional Index) has a value of 21.22. This suggests moderate trend strength, which supports the rising wedge pattern. As of press time, Oasis traded at $0.09848, representing a 2.86% increase over the last 24 hours.
