Daily Market Review: BTC, ETH, XTZ, AKT, HBAR

The bears are in control of today’s session, as seen from the decrease in the global market cap. The total cap stood at $3.08T as of press time, representing a 0.52% decrease over the last 24 hours, while the trading volume jumped by 25.6% over the same period to stand at $203.1B 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 se that the Bitcoin price is trading above the 50-SMA, 100-SMA, and 200-SMA, indicating a strong bullish trend.

On the other hand, we see that the MFI is at 46.80, which is near neutral. A move above 50 could signal increasing buying pressure. Bitcoin traded at $91,745 as of press time, representing a 0.1% 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 is ranging within the Bollinger Bands, suggesting consolidation. The midline of the bands is holding as dynamic support.

On the other hand, we see that the AO shows declining green bars, signaling weakening bullish momentum. Ethereum traded at $3,119 as of press time, representing a 0.07% decrease over the last 24 hours.

Tezos Price Review

Tezos, XTZ, is among the top gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that Tezos recently saw a sharp upward spike but retraced slightly. The price remains above the Ichimoku Cloud, indicating bullish control.

On the other hand, we see that the ADX is at 53.17, indicating strong trend momentum. Tezos traded at $31.13 as of press time, representing a 36.59% increase over the last 24 hours.

Akash Network Price Review

Akash Network, $AKT, 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 Akash Network has been in a strong uptrend, with the Supertrend indicator signaling bullishness (green).

On the other hand, we see that the RSI is at 70.98, which indicates overbought conditions. A pullback is possible before continuation. Akash Network traded at $4.15 as of press time, representing a 19.81% increase over the last 24 hours.

Hedera Hashgraph Price Review

Hedera, $HBAR, 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 Hedera Hashgraph is in an uptrend, with the Alligator’s jaws wide open, suggesting continued bullish momentum.

On the other hand, we see that the MFI is at 79.59, indicating overbought conditions. A correction is possible. Hedera traded at $0.1361 as of press time, representing a 17.02% increase over the last 24 hours.