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Cryptocurrency News Articles
The Bears Are in Control in Today's Session, as Seen from the Increase in the Global Market Cap
Sep 29, 2024 at 05:15 pm
The total cap stood at $2.3T as of press time, representing a 0.48% decrease over the last 24 hours
The bears are leading the market in today's session, evident from the decrease in the global market cap. The total cap stood at $2.3T as of press time, representing a 0.48% decrease over the last 24 hours, while the trading volume dropped by 34% over the same period to stand at $48.3B as of press time.
Bitcoin failed to post gains in today's session, as evident from its price movements. Looking at an in-depth analysis, we see that Bitcoin has been trading in a consistent uptrend, with higher highs and higher lows. The current price is approaching the upper Bollinger Band, which may indicate a potential overbought condition. The price is moving towards the upper band, suggesting upward momentum. However, it is slightly pulling back from the recent highs, which could mean a temporary consolidation.
On the other hand, we see that the RSI is at 56.82, signaling that the market is neutral, neither overbought nor oversold. If the RSI crosses above 70, we might see an overbought condition. Bitcoin traded at $65,556 as of press time, representing a 0.36% decrease over the last 24 hours.
Ethereum 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 currently above the cloud, which is a strong bullish signal. The Tenkan-Sen (blue line) and Kijun-Sen (red line) have crossed over, supporting the uptrend.
On the other hand, we see that the RSI is at 73.20, indicating that ETH is overbought. A potential pullback could occur before continuing the uptrend. Ethereum traded at $2,646 as of press time, representing a 1.32% decrease over the last 24 hours.
Ripple is among the gainers in today's session, as also seen from its price movements. Looking at an in-depth analysis, the Ripple price is currently above the cloud, which is a strong bullish signal. The Tenkan-Sen (blue line) and Kijun-Sen (red line) have crossed over, supporting the uptrend.
On the other hand, we see that the RSI is at 73.20, indicating that XRP is overbought. A potential pullback could occur before continuing the uptrend. Ripple traded at $0.6279 as of press time, representing a 5.9% increase over the last 24 hours.
Dogecoin 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 the Dogecoin price remains above the Supertrend line, indicating that the bullish trend is still in place as long as it holds above the support at $0.1175.
On the other hand, we see that the Money Flow Index (MFI) is at 79.04, showing overbought conditions. A correction might occur before the uptrend resumes. Dogecoin traded at $0.1265 as of press time, representing a 2.72% increase over the last 24 hours.
Finally, we have Bonk, which 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 The BONK price is near the midline of the pitchfork channel, suggesting that it may either continue the uptrend toward the upper boundary or test the lower boundary for support.
On the other hand, we see that the net volume indicator shows negative volume (-82.288B), which may suggest selling pressure building up, potentially leading to a correction. Bonk traded at $0.00002329 as of press time, representing a 2.43% increase over the last 24 hours.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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- Pepe and Floki Surge as the New Altcoin Rollblock Gains Traction in Its Presale Event
- Sep 29, 2024 at 10:15 pm
- Bullish price action continues with Pepe and Floki showing considerable gains in the past 24 hours. Both these coins have surged by at least 10%. However, the new altcoin Rollblock appears better positioned for growth compared to Pepe and Floki as it continues to attract investors during stage 7 of its presale event.
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- Bitcoin Price Today: The Path to $100K
- Sep 29, 2024 at 10:15 pm
- Bitcoin is once again making headlines, with its price surging above $60,000. While many believe the chance to buy at a discount has passed, analysts argue that Bitcoin could still skyrocket to $100,000, making it a prime investment opportunity. In this article, we’ll explore Bitcoin’s potential for future gains, its performance against traditional assets, and provide a step-by-step guide on how to buy Bitcoin cheaply.