The bears are in control of today’s session, as seen from the continous increase in the global market cap. The total cap stood at $2.12T as of press time, representing a 0.31% decrease over the last 24 hours, while the trading volume also dropped jumped by 5.7% over the same period to stand at $69.4B as of press time.
Bitcoin Price Review
Bitcoin, $BTC, has posted gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the Bitcoin price is oscillating around the middle band, suggesting a lack of strong directional momentum.
On the other hand, we see that the Awesome Oscillator (AO) is showing decreasing histogram bars transitioning from green to red indicate that bullish momentum is waning. Bitcoin traded at $62,710 as of press time, representing a 3.35% increase over the last 24 hours.
4-hour BTC|USD Chart | Source: TradingView Ethereum Price Review
Ethereum, $ETH, has posted gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the Alligator Indicator: Lines are intertwined, suggesting a consolidation phase with no clear trend direction.
On the other hand, we see that the MFI is oscillating around the 50 line, indicating a balanced market force with no clear dominance by bulls or bears. The Ethereum price action is fluctuating around the Alligator’s lines, confirming the lack of a strong trend. Ethereum traded at $2,444 as of press time, representing a 1.65% increase over the last 24 hours.
4-hour ETH/USD Chart | Source: TradingView NEIRO Price Review
NEIRO, $NEIRO, is also among the gainers is also among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis,we see that the NEIRO price is trending above the 50-day moving average, indicating a bullish sentiment in the short term.
On the other hand, we see that the ADX (Average Directional Index) is at 43.31, suggesting a strong trend presence. NEIRO traded at $0.002141 as of press time, representing a 35.17% increase over the last 24 hours.
4-hour NEIRO/USD Chart | Source: TradingView Ethena Price Review
Ethena, $ENA, is also among the gainers is also among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, the recent shift from a downtrend (red) to an uptrend (green) indicates a potential reversal to bullish conditions.
On the other hand, we see that the MACD shows a bullish crossover and rising histogram suggesting increasing bullish momentum. Ethena traded at $0.3381 as of press time, representing a 25% increase over the last 24 hours.
4-hour ENA/USD Chart | Source: TradingView Worldcoin Trading View
Worldcoin, $WLD, is also among the gainers is also among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that Price fluctuating within the cloud, indicating a consolidation with potential breakout or breakdown.
On the other hand, we see that the RSI is at 66.53, it is nearing overbought territory, suggesting caution for potential pullback. The Worldcoin price within the Ichimoku Cloud suggests indecision, awaiting either a bullish breakout above the cloud or a bearish breakdown below it. Worldcoin traded at $2.02 as of press time, representing a 15.24% increase over the last 24 hours.
4-hour WLD/USD Chart | Source: TradingView
