Daily Market Review: BTC, ETH, SOL, DOGE, TRX
The bulls seem to have taken control in today’s session, as seen from its price movements. The total cap stood at $2.27T as of press time, representing a 0.23% increase over the last 24 hours, while the trading volume stood at $36.35B as of press time, representing a 38.9% drop over the same period.
Bitcoin Price Review
Bitcoin (BTC) is among the gainers in today’s session, as seen from its price movements. An in-depth analysis shows that the Bitcoin Price is currently under the supertrend line, indicating a bearish trend. The price is also below the Ichimoku cloud, further confirming the bearish trend.
On the other hand, we see that Woodie CCI is hovering around the zero line, suggesting a lack of strong momentum in either direction. As of press time, Bitcoin traded at $61,612, representing a 1.1% increase over the last 24 hours.
Ethereum Price Review
Ethereum (ETH) is among the gainers in today’s session, as evidenced by its price movements. Looking at an in-depth analysis, we see that the Ethereum price is moving within the upper and middle bands, indicating some level of bullish sentiment but not strongly so. The Ethereum price is above the shorter moving average but below the longer one, showing mixed signals.
On the other hand, the Money Flow Index (MFI) is just below the middle line (50), suggesting a balance between buying and selling pressures. Ethereum traded at $3,406 as of press time, representing a 0.72% increase over the last 24 hours.
Solana Price Review
As its price movements show, Solana (SOL) is also among the gainers in today’s session. An in-depth analysis shows that the Solana price is currently above all three lines of the Alligator, indicating potential bullish momentum.
On the other hand, the Money Flow Index (MFI) is above 50, suggesting that buying pressure is currently stronger than selling pressure. As of press time, Solana traded at $143.8, representing a 1.4% increase over the last 24 hours.
Dogecoin Price Review
Dogecoin (DOGE) is among the gainers in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the Dogecoin price is just breaking out of the Ichimoku cloud, potentially indicating a shift from bearish to bullish sentiment.
On the other hand, the Volume Oscillator is negative, indicating that volume has decreased during recent price movements, which could signal weakening momentum. As of press time, Dogecoin traded at $0.1227, representing a 0.19% increase over the last 24 hours.
Tron Price Review
As seen from its price movements, Tron (TRX) is also not a gainer in today’s session. Looking at an in-depth analysis, we see that the chart displays a falling wedge pattern, which typically suggests a bullish reversal might be expected soon.
On the other hand, the Awesome Oscillator (AO) shows increasing green bars, indicating growing bullish momentum. As of press time, Tron traded at $0.125, representing a 0.65% increase over the last 24 hours.
