Daily Market Review: BTC, ETH, ENA, MNT, CORE
BTC
ETH
MNT
USDe
ENA
The bears are in control of today’s session, as seen from the increase in the global market cap. The total cap stood at $3.57T as of press time, representing a 3.24% decrease over the last 24 hours, while the trading volume jumped by 28.7% over the same period to stand at $261.7B as of press time
Bitcoin Price Review
Bitcoin, $BTC, has failed to post gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, the Alligator lines are intertwined, suggesting a lack of direction in the short term as the market consolidates.
On the other hand, we see that the Awesome Oscillator indicates bearish momentum as it’s below zero and decreasing. Bitcoin traded at $102,480 as of press time, representing a 1.96% decrease over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, is also struggling with gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that Ethereum shows signs of possible consolidation or slight downtrend as the price is hovering near the lower Bollinger Band. The MFI is quite low at 15.54, indicating potential oversold conditions which may precede a reversal or at least a stabilization.
On the other hand, we see that the support is forming around $3,700 with near-term resistance at the middle Bollinger band around $3,878. Ethereum traded at $3,705 as of press time, representing a 4.31% decrease over the last 24 hours.
Ethena Price Review
Ethena, $ENA, is among the gainers in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that Ethena price is trending below the 50-SMA and hovering around the 100-SMA, showing some bearish signals.
On the other hand, we see that the MFI is moderately low at 46.90, suggesting neither strong buying nor selling pressure. Ethena traded at $1.14 as of press time, representing a 2.59% increase over the last 24 hours.
Mantle Price Review
Mantle, $MNT, 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 MNT has just rebounded off the lower boundary of the Ichimoku Cloud, indicating a potential short-term bullish reversal. The RSI is at 55.44, signaling neither overbought nor oversold conditions, supporting potential moderate bullish momentum.
The support can be seen at the cloud’s lower boundary near $1.05, with resistance at the cloud’s upper edge near $1.23. Mantle traded at $1.23 as of press time, representing a 3.06% increase over the last 24 hours.
Core DAO Price Review
Core DAO, $CORE, is also among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis we see that Core is currently trading below the Ichimoku Cloud, suggesting a bearish trend. The ADX is above 30, indicating a strong trending market. However, its decline could suggest that the bearish trend is losing some strength.
On the other hand, we see that the immediate resistance lies at the bottom of the Cloud around $1.24. Support appears firm near $1.18. Core DAO traded at $1.241` as of press time, representing a 0.05% increase over the last 24 hours.
