Daily Market Review: BTC, ETH, LDO, RUNE, HNT
The bulls are still in control in today’s session, as seen from the increase in the global market cap. The total cap stood at $2.34T as of press time, representing a 2.34% increase over the last 24 hours, while the trading volume dropped by 8.42% over the same period to stand at $86.4B as of press time.
Bitcoin Price Review
Bitcoin, $BTC, is not among the gainers in today’s session, as seen from its price movements. An in-depth chart analysis shows that the Bitcoin price recently touched the upper band and is now retreating. This usually indicates the price was overbought and might see some consolidation or a pullback.
On the other hand, the Volume Oscillator shows a decrease in volume (-14.59%). This suggests that the recent move might lack strong momentum. As of press time, Bitcoin traded at $64,818, representing a 0.16% increase over the last 24 hours.
Ethereum Price Review
Ethereum $ETH is also not a gainer in today’s session, as seen from the price movements. The moving averages are showing a widening pattern, indicating a trending market. The price is above the Alligator’s lips (green line), suggesting a bullish trend.
On the other hand, the Woodies CCI is in positive territory (6.37) but close to the neutral line. This indicates slight bullish momentum but not strong. Ethereum traded at $3,441 as of press time, representing a 1.21% increase over the last 24 hours.
Lido DAO Price Review
Lido (DAO) is also among the gainers in today’s session, as seen from the price movements. An in-depth analysis shows that the current Supertrend is green, indicating an ongoing uptrend.
On the other hand, the MFI is at 81.37, which is overbought. There may be a risk of a pullback or consolidation. Lido DAO traded at $2.01 as of press time, representing a 7.23% increase over the last 24 hours.
THORChain Price Review
As seen from the price movements, THORChain (RUNE) is among today’s session’s gainers. An in-depth analysis shows that the THORChain price is above the cloud, indicating a strong bullish trend. The cloud ahead is bullish (green), supporting continued upward momentum.
On the other hand, the MFI is at 71.95, approaching overbought territory, suggesting a potential for a pullback. THORChain traded at $4.43 as of press time, representing a 3.44% increase over the last 24 hours.
Helium Price Review
Helium (HNT) is also among the gainers in today’s session, as seen from the price movements. An in-depth analysis shows that the Helium price is moving within the pitchfork channel, respecting its levels.
On the other hand, the ADX is at 54.10, indicating a strong trend presence. THORChain traded at $4.43 as of press time, representing a 2.47% increase over the last 24 hours.
