Daily Market Review: BTC, ETH, XRP, ADA, BNB

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 $1.99T as of press time, representing a 12.3% increase over the last 24 hours, while the trading volume jumped by 20.4% over the same period to stand at $185.66B as of press time.

Bitcoin Price Review

Bitcoin, $BTC, is still keeping up its pump in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the Bitcoin price is currently trading within the Bollinger Bands after a significant downtrend, with the bands starting to narrow, indicating reduced volatility.

The Bitcoin price is below the 20-period SMA, suggesting a bearish trend. On the other hand, we see that the Woodies CCI is around -11, showing some bearish momentum but indicating a possible reversal as it approaches the 0 line. Bitcoin traded at $54,851 as of press time, representing a 8.4% increase over the last 24 hours.

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Ethereum Price Review

Ethereum, $ETH, is still keeping up its pump in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the Ethereum price that the Alligator Indicator that the lines (Jaw, Teeth, Lips) are opening downwards, indicating a strong bearish trend.

On the other hand, we see that the Volume Oscillator shows a significant decline in volume, currently at -31.57%. Ethereum traded at $2,444 as of press time, representing a 9% increase over the last 24 hours.

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Ripple Price Review

Ripple, $XRP, is also among the gaiers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that the current Supertrend indicator is bearish, with the price below the trend line.

On the other hand, we see that the ADX is at 44.77, indicating a strong trend. Ripple traded at $0.5011 as of press time, representing a 12.3% increase over the last 24 hours.

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Cardano Price Review

Cardano, $ADA, is also among the gaiers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that the current Supertrend indicator is bearish, with the price below the trend line.

On the other hand, we see that the price is the Awesome Oscillator (AO is showing red bars, indicating bearish momentum. Cardano traded at $0.3232 as of press time, representing a 12.28% increase over the last 24 hours.

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Binance Coin Price Review

Binance Coin, $BNB, is also among the gaiers in today’s session as seen from its price movements. Looking at an in-depth analysis, that the Binance Coin price is within the lower range of the Pitchfork channel, indicating a downtrend.

On the other hand, we see that the Woodies CCI is around 9.6, suggesting a potential reversal as it crosses into positive territory. Binance Coin traded at $473.98 as of press time, representing a 14.69% increase over the last 24 hours.