Daily Market Review: BTC, ETH, 1000SATS, AAVE, ORDI
The bears are still in control in today’s session, as seen from the decrease in the global market cap. The total cap stood at $2.33T as of press time, representing a 3.34% decrease over the last 24 hours, while the trading volume jumped by 26% over the same period to stand at $89.3B as of press time.
Bitcoin Price Review
Despite the bear trend, Bitcoin, $BTC, is among the gainers in today’s session, as seen from its price movements. An in-depth analysis shows that the Alligator indicator lines are currently in a bearish formation, with the green line below the red line and the red line below the blue line. This indicates a downtrend in progress.
On the other hand, the Awesome Oscillator (AO)is negative, with red bars indicating bearish solid momentum. A slight uptick towards the end suggests a possible weakening of the bearish trend. As of press time, Bitcoin traded at $66.973, representing a 4.14% increase over the last 24 hours.
Ethereum Price Review
Ethereum (ETH) is also among the gainers in today’s session, as seen from the price movements. Looking at an in-depth analysis, we see that the Alligator’s lines are bullish, with the green line above the red line and the red line above the blue line indicating an uptrend.
On the other hand, the Relative Strength Index (RSI) is at 75.61, indicating that the asset is overbought. The price is in an uptrend and has reached a new high. With the RSI in the overbought region, a pullback might be expected. Ethereum traded at $3,261 as of press time, representing a 2.89% increase over the last 24 hours.
SATS Price Review
The price movements show that SATS (1000SATS) is among the gainers in today’s session. An in-depth analysis shows that the Supertrend is showing a buy signal with the price above the green line at 89.58.
On the other hand, the Woodies’ CCI is at 223.68, indicating strong bullish momentum. The price has recently surged, breaking through the resistance around 95.00. SATS traded at $0.0003323 as of press time, representing a 19.01% increase over the last 24 hours.
Aave Price Review
As seen from the price movements, Aave (AAVE) is among the gainers in today’s session. An in-depth analysis shows that the Aave price is moving within the boundaries of the Pitchfork, which is currently near the median line.
On the other hand, the ADX Indicator is at 24.52, indicating moderate trend strength. The Aave price has recently bounced from around $32.00 and is moving upwards. As of press time, it traded at $101.50, representing a 15.04% increase over the last 24 hours.
ORDI Price Review
ORDI (ORDI) is also among the gainers in today’s session, as seen from its price movements. In-depth analysis shows that the ORDI price is touching the upper Bollinger Band, indicating potential overbought conditions.
On the other hand, the Volume Oscillator shows a decrease of 12.64%, suggesting weakening volume in the recent price movement. As of press time, ORDI traded at $38.43, representing an 11.4% increase over the last 24 hours.
