Daily Market Review: BTC, ETH, WLD, XRP, ADA
Today’s market session has seen bears on the front foot, as seen from the drop in the global market cap. The total cap stood at $2.26T as of press time, representing a 2.24% drop over the last 24 hours, while the trading volume stood at $54.54B as of the same period, representing a 5.7% increase over the same period.
Bitcoin Price Review
Bitcoin (BTC) is among the losers in today’s session, as seen from its price movements. An in-depth analysis shows that the Bitcoin price is moving towards the lower band, indicating increased volatility and a potential downward trend.
On the other hand, we seee that the RSI (14) is at 28.29, suggesting that Bitcoin is in the oversold region. As of press time, Bitcoin traded at $58,415, representing a 3.9% decrease over the last 24 hours.
Ethereum Price Review
Ethereum (ETH) also lost in today’s session, as can be seen from its price movements. In-depth analysis shows that the Alligator’s lines (Jaw, Teeth, and Lips) show a bearish alignment with the Jaw (blue) on top, indicating a downtrend.
On the other hand, the MACD is below the signal line and in negative territory, indicating bearish momentum. As of press time, Ethereum traded at $3,189, representing a 4.8% decrease over the last 24 hours.
Worldcoin Price Review
Worldcoin (WLD) is among the few gainers in today’s session, as seen from its price movements. However, an in-depth analysis shows that Worldcoin is in a downtrend, with the Supertrend indicator confirming a sell signal.
On the other hand, the ADX indicates that the current downtrend is strong, suggesting that the bearish momentum may persist. As of press time, Worldcoin traded at $2.37, representing a 3% decrease over the last 24 hours.
Ripple Price Review
Ripple (XRP) is among the losers today, as seen in its price movements. An in-depth analysis shows that the Ripple price is below the Ichimoku Cloud, indicating a bearish trend.
On the other hand, looking at other indicators, we see that the Volume Oscillator (5, 10) is at 5.71%, indicating slightly higher volume on recent down moves. As of press time, Ripple traded at $0.4574, representing a 4.9% decrease over the last 24 hours.
Cardano Price Review
Cardano (ADA) is among the losers today amid the general bear sentiment. An in-depth analysis shows that the Cardano price is moving towards the lower boundary of the pitchfork channel, indicating a potential support level.
On the other hand, looking at other indicators, we see that the Woodies CCI (14) is at -182.609, indicating a strong bearish trend. As of press time, Cardano traded at $0.3938, representing a 5.2% decrease over the last 24 hours.
