Daily Market Review: BTC, ETH, CORE, SUI, LDO

Today’s market session has seen bulls on the front foot as seen from the increase in the global market cap. The total cap stood at $2.36T as of press time, representing a 0.09% increase over the last 24 hours. On the other hand, the trading volume stood at $66.77B as of the same period, representing a 11.3% drop.

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 Bitcoin price is moving close to the lower band, suggesting a possible oversold condition and potential for a bounce back towards the middle band.

On the other hand, we see that the MFI is at 41.41, it is neither in the overbought nor oversold territory. It indicates a neutral momentum. As of press time, Bitcoin was trading at $64,554, representing a 1.2% decrease over the the last 24 hours. 

Ethereum Price Review

Ethereum (ETH) is also another looser in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that the Alligator lines (Jaw, Teeth, Lips) are intertwined, indicating a lack of clear trend. When the lines are intermingled, it often signals a period of consolidation.

On the other hand, we see that the MFI is at 61.57, it is approaching the overbought territory, suggesting some buying pressure but not yet extreme. As of press time, Ethereum was trading at $3,511, representing a 1.84% decrease over the the last 24 hours. 

Core Price Review

Core (CORE) is a gainer in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that tSupertrend indicator is currently showing a buy signal as the price is above the green trend line.

On the other hand, we see that the Woodies CCI values are negative, indicating a bearish momentum. The indicator is showing a significant sell signal. As of press time, Core was trading at $1.42, representing a 8% increase over the the last 24 hours. 

Sui Price Review

Sui (SUI) is also another gainer in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that the Sui price is below the cloud, indicating a bearish trend. The leading spans are indicating future resistance levels.

Conversely, on the other hand, we see that the Volume Oscillator is currently at -7.00%, indicating a decrease in volume relative to the short-term average. This suggests weakening momentum. As of press time, Sui was trading at $0.9029, representing a 2.81% increase over the the last 24 hours. 

Lido DAO Price Review

Lido DAO (LDO) is also another gainer in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that the Lido DAO price is currently in the upper half of the pitchfork channel, indicating a potential upward trend. However, it is approaching the upper resistance line of the pitchfork.

On the other hand, we see that the ADX is at 11.91, it indicates a weak trend. ADX below 20 usually signifies a non-trending or weak trend environment. As of press time, Lido DAO was trading at $2.30, representing a 1.37% increase over the the last 24 hours.