Daily Market Review: BTC, ETH, WLD, BONK, FET
Bulls are in control of today’s session, as seen from the movement of the global market cap. The total cap stood at $3.62T as of press time, representing a 1.94% increase over the last 24 hours, while the trading volume dropped by 32.4% over the same period to stand at $181.9B as of press time
Bitcoin Price Review
Bitcoin, $BTC, posted a notable decrease in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the bollinger bands are moderately wide, indicating some level of volatility in the market. A breakdown below the mid-line (blue line) could push the price toward the lower band.
On the other hand, we see that the Awesome Oscillator is showing green bars, indicating bullish momentum is present but weakening. Bitcoin traded at $105,007 as of press time, representing a 1.94% increase over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, is also among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that Ethereum is trading sideways with the Alligator’s lines converging, signaling a lack of strong trend direction. The lines (Jaw, Teeth, Lips) are flattening, confirming the sideways movement. A breakout is required for a directional move.
On the other hand, we see that the RSI is at 49.80, the RSI is neutral, neither oversold nor overbought, indicating a balanced market. Ethereum traded at $3,301 as of press time, representing a 0.42% increase over the last 24 hours.
Worldcoin Price Review
Worldcoin, $WLD, is among the day’s top gainers as also seen from its price movements. Looking at an in-depth analysis, we see that the Worldcoin price is attempting to break into the cloud, indicating potential bullish momentum. However, it remains under the Kumo cloud, suggesting resistance ahead.
On the other hand, we see that the RSI is at 55.35, showing slight bullish momentum but not yet overbought. Worldcoin traded at $2.14 as of press time, representing a 14.49% increase over the last 24 hours.
Bonk Price Review
Bonk, $BONK, is also among the top gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the Bonk price is testing the 50-period MA, with the 100 and 200 MAs acting as resistance above.
On the other hand, we see that the ADX is at 23.34, indicating a weak trend. The lack of directional momentum suggests consolidation. Bonk traded at $0.0000326 as of press time, representing a 13.02% increase over the last 24 hours.
Fetch.ai Price Review
Fetch.ai, $FET, is also among the day’s top gainers as seen from its price movements. Looking at an in-depth analysis, we see that the Fetch.ai price is attempting to recover from a recent dip and is trading NEAR the resistance level of the Supertrend line at $1.32.
On the other hand, we see that the RSI is at 53.14, the RSI shows a slight bullish bias but remains neutral overall. Fetch.ai traded at $1.30 as of press time, representing an 8% increase over the last 24 hours.
