Daily Market Review: BTC, ETH, LDO, FTM, THETA
BTC
ETH
THETA
FTM
LDO
The bears are in control of today’s session, as seen from the increase in the global market cap. The total cap stood at $3.2T as of press time, representing a 5.4% decrease over the last 24 hours, while the trading volume jumped by 19% over the same period to stand at $243.6B 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, we see that the Alligator indicator (with three lines: green, red, and blue) shows convergence, indicating reduced momentum or indecision. The current price appears to have dropped below the green and red lines (jaw and teeth), signalling potential bearish momentum.
On the other hand, we see that the Volume Oscillator shows low volatility (close to 0%), implying lack of strong buyer or seller interest. Bitcoin traded at $92,996 as of press time, representing a 5.63% decrease over the last 24 hours.
4-hour BTC|USD Chart | Source: TradingView
Ethereum Price Review
Ethereum, $ETH, has also failed to post gains in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the Ethereum price is moving downward toward the lower band, showing increasing bearish pressure.
On the other hand, we see that the Awesome Oscillator (AO) displays a recent shift to red bars, indicating weakening bullish momentum. Ethereum traded at $3,344 as of press time, representing a 4.23% decrease over the last 24 hours.
4-hour ETH/USD Chart | Source: TradingView
Lido DAO Price Review
Lido DAO, $LDO, is also not among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see Strong upward momentum with price above all SMAs, but a correction appears underway.
On the other hand, we see that the Money Flow Index (MFI) is currently at 63.76, indicating mild overbought conditions easing. Lido DAO traded at $1.58 as of press time, representing a 1.48% decrease over the last 24 hours.
4-hour LDO/USD Chart | Source: TradingView
Fantom Price Review
Fantom, $FTM, is among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the Fantom price is trading above the cloud, signalling bullish momentum. However, the lagging span’s proximity to the current price suggests caution.
On the other hand, we see that the ADX (14) reading of 48.28 indicates a strong trend, but it does not distinguish whether the trend is bullish or bearish. Fantom traded at $0.9621 as of press time, representing a 0.75% increase over the last 24 hours.
4-hour FTM/USDT Chart | Source: TradingView
Theta Network Price Review
Theta Network, $THETA, 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 a bullish signal is active, with the supertrend support at $1.717.
On the other hand, we see that the Relative Strength Index (RSI)is currently at 58.18, signalling mild bullish momentum but nearing overbought territory. Theta Network traded at $1.93 as of press time, representing a 1.25% increase over the last 24 hours.
