Daily Market Review: BTC, ETH, TON, WIF, SHIB

The bears are in control in today’s session, as seen from the increase in the global market cap. The total cap stood at $2.37T as of press time, representing a 1.7% decrease over the last 24 hours, while the trading volume dropped by 17.15% over the same period to stand at $75.9B as of press time. 

Bitcoin Price Review

Bitcoin, $BTC, is not among the gainers in today’s session, as seen from its price movements. In-depth chart analysis shows that the Bitcoin price is currently near the lower Bollinger Band, which could indicate that the asset has been oversold. The bands are relatively broad, suggesting increased volatility.

On the other hand, the Woodies CCI shows a value of -190, indicating that the market is oversold. The CCI has been in the negative territory for a while, which might signal a potential reversal. As of press time, Bitcoin traded at $63,579, representing a 1.66% decrease 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. Looking at an in-depth analysis, we see that the lines of the Alligator are close to each other and show a slight convergence, indicating a potential upcoming trend change. The Ethereum price hovers around the Alligator lines, suggesting a range-bound movement.

On the other hand, we see that the Awesome Oscillator is showing green bars, indicating a positive momentum. However, the bars are relatively short, suggesting a weak bullish momentum. Ethereum traded at $3,408 as of press time, representing a 0.32% decrease over the last 24 hours.

Toncoin Price Review

Toncoin $TON is among the gainers in today’s session, as seen from the price movements. An in-depth analysis shows that the Supertrend indicator shows a buy signal with the price above the green line. This suggests that the market is in a bullish phase.

On the other hand, we see that the MFI is at 42.95, which is in the neutral range. This indicates that there is no strong buying or selling pressure. Toncoin traded at $7.23 as of press time, representing a 0.91% increase over the last 24 hours.

Dogwifhat Price Review

Dogwifhat $WIF is another gainer in today’s session, as seen from the price movements. An in-depth analysis shows that the Dogwifhat price is above the Kumo (cloud), indicating a bullish trend. The Tenkan-sen (blue line) is above the Kijun-sen (red line), further confirming the bullish sentiment. However, the price seems to be facing some resistance near the upper boundary of the cloud.

On the other hand, we see that the MFI is at 45.39, indicating a neutral position. There is no significant buying or selling pressure. Dogwifhat traded at $2.33 as of press time, representing a 6% increase over the last 24 hours.

Shiba Inu Price review

Shiba Inu $SHIB is not among the gainers in today’s session, as seen from its price movements. An in-depth analysis shows that the Shiba Inu price is within the bounds of the pitchfork channels. It is currently near the lower boundary, suggesting potential support around this level.

The ADX is at 28.79, indicating a relatively weak trend. Values below 25 typically suggest a lack of a strong trend, whereas values above 25 indicate a stronger trend. At 28.79, it shows a moderately strong trend. Shiba Inu traded at $0.00001706 as of press time, representing a 9.5% decrease over the last 24 hours.