|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Bitcoin, Ethereum Fail to Post Gains as Broader Market Loses Grip to the Bears
Sep 24, 2024 at 05:00 pm
The bulls have lost grip to the bears in today's session, as seen from the increase in the global market cap.
Global bulls have lost some grip to the bears in today’s session, as evident from the market cap, which saw a slight decrease. However, some key cryptocurrencies managed to post gains despite the overall bearish trend.
The global bulls have lost some steam in today’s session, as the market cap saw a slight decrease. However, some key cryptocurrencies managed to post gains despite the overall bearish trend.
Here’s a closer look at the market performance over the last 24 hours.
The global bulls have lost some steam in today’s session, as evident from the market cap, which saw a slight decrease. However, some key cryptocurrencies managed to post gains despite the overall bearish trend.
Here’s a closer look at the market performance over the last 24 hours.
The bulls have lost grip to the bears in today’s session, as seen from the decrease in the global market cap. The total cap stood at $2.22T as of press time, representing a 0.43% decrease over the last 24 hours, while the trading volume jumped by 2% over the same period to stand at $69.1B as of press time.
However, some key cryptocurrencies managed to post gains despite the overall bearish trend. Bitcoin (BTC) and Ethereum (ETH) are both trading in the red, while Celestia (TIA), Ronin (RON), and Arweave (AR) are among the top gainers today.
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 Bitcoin is trading within a sideways range, showing consolidation near the middle of the Bollinger Bands. The Bitcoin price action indicates indecision, with both the upper and lower bands providing resistance and support, respectively.
On the other hand, we see that the Volume Oscillator is currently negative, indicating decreasing volume and a possible lack of momentum. Bitcoin traded at $63,389 as of press time, representing a 0.15% decrease over the last 24 hours.
Ethereum Price Review
Ethereum (ETH) 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 that Ethereum shows a mild uptrend with the price trading above the Alligator lines, suggesting a bullish continuation. The Ethereum price is maintaining support above the Alligator lines, indicating continued buying strength.
On the other hand, we see that the RSI is around 67, suggesting Ethereum is approaching overbought territory but still has some room for further upside. A potential retracement could occur if the RSI moves further into overbought levels, leading to profit-taking. Ethereum traded at $2,644 as of press time, representing a 0.1% decrease over the last 24 hours.
Celestia Price Review
Celestia (TIA) is among the top gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that Celestia shows a strong uptrend, marked by a breakout above a descending channel pattern. However, it is now retracing as evidenced by the latest series of red candle stick patterns.
On the other hand, we see that the MACD is showing bullish momentum, with a positive cross above the signal line, indicating further upward movement. The breakout above the resistance zone suggests potential for continuation, but the recent pullback could lead to a test of the breakout level as support. Celestia traded at $6.25 as of press time, representing a 14.7% increase over the last 24 hours.
Ronin Price Review
Ronin (RON) is also among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that Ronin is in a bullish phase, with the price trading above the Ichimoku Cloud and strong upward momentum. The bullish breakout above the Ichimoku Cloud suggests continued strength, but watch for potential resistance near recent highs.
On the other hand, we see that the ADX reading is 35.91, indicating a strong trend, suggesting that the recent price surge has significant momentum behind it. Ronin traded at $1.80 as of press time, representing a 9.12% increase over the last 24 hours.
Arweave Price Review
Arweave (AR) 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 Arweave has reversed from a downtrend, as indicated by the Supertrend turning green, suggesting a buy signal.
The Awesome Oscillator is positive and rising, reflecting strong bullish momentum. Price action shows a breakout above prior resistance, suggesting that buyers are in
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!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Ally Invest vs SoFi Invest: A Comprehensive Comparison for 2023
- Sep 24, 2024 at 08:20 pm
- In recent years, technology has radically transformed the landscape of personal finance and investment management, bringing a plethora of platforms to choose from.
-
- Solana (SOL) Price Prediction 2024, 2025-2030
- Sep 24, 2024 at 08:20 pm
- Are you wondering about the future of Solana (SOL) and its price potential in the coming years? In this article, we will delve into the price predictions for Solana in 2024, 2025, and beyond.
-
- Top Altcoins to Buy This Bull Run: CKB Network (CKB), SUI (SUI), Cat in a Dogs World (MEW)
- Sep 24, 2024 at 08:20 pm
- The underlying sentiments signal an upcoming altcoin season as the cryptocurrency market is rising towards its 2021 high of $3 trillion mark.
-
- StepN Go and Adidas Genesis Sneakers Collection Combines Fitness and Digital Fashion in Web3 Space
- Sep 24, 2024 at 08:20 pm
- The latest collection of non-fungible token sneakers (NFT) called Genesis, the result of a collaboration between StepN Go and Adidas has just been launched.
-
- NVIDIA Unveils Llama 3.1-Nemotron-51B: A Leap in Accuracy and Efficiency
- Sep 24, 2024 at 08:20 pm
- NVIDIA's Llama 3.1-Nemotron-51B sets new benchmarks in AI with superior accuracy and efficiency, enabling high workloads on a single GPU.
-
- Polymarket Eyes $50M Funding Round, Considers Launching Token as Crypto Market Recovers
- Sep 24, 2024 at 08:20 pm
- Polymarket, a decentralized prediction market platform, is reportedly seeking to secure $50 million in a new funding round and is considering launching its own token.
-
- Bitcoin Activist Samson Mow Pushes Japan to Add BTC to Its Gold Reserve
- Sep 24, 2024 at 08:20 pm
- The famous Bitcoin activist from Asia and the current CEO of JAN3, Samson Mow, has encouraged the Japanese government to buy 167,000 BTC tokens.
-
- Historical RSI Patterns Hint at a Potential Altcoin Season, Signaling Significant Upward Movement
- Sep 24, 2024 at 08:20 pm
- Analysts predict altcoins are primed for a breakout as Bitcoin dominance weakens.
-
- CoinEx VIP Program: Pioneering a New Era in Crypto Trading
- Sep 24, 2024 at 08:10 pm
- In the global cryptocurrency trading landscape, CoinEx stands out with its professional services and user-friendly approach.