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

Today’s market session has bulls on the front foot as seen from the global market cap movements. The total market cap stood at $2.56T as of press time, representing a 0.5% increase over the last 24 hours, while the trading volume stood at $84.05B as of press time, representing a 41% decrease in the previous 24 hours. 

Bitcoin Price Review

Bitcoin (BTC) is among the gainers in today’s session as evidenced by its price movements. Looking at an in-depth analysis, we see that the Bollinger Bands show that Bitcoin’s price is currently between the middle and the upper band, suggesting moderate volatility. The recent move towards the upper band indicates bullish sentiment.

On the other hand, we see the Woodies Commodity Channel Index (CCI) appears to be oscillating around the zero line. If it is above zero, this typically indicates bullish conditions, while below zero would indicate bearish conditions. As of press time, the Bitcoin price stood at $68,842, a 2.7% increase in valuation over the last 24 hours.

Ethereum Price Review

Ethereum (ETH) is also among the gainers today, as seen in its price movements. An in-depth analysis shows that the Awesome Oscillator displays solid green bars, which reinforces the bullish momentum in the price movement.

On the other hand, looking at the Supertrend, we see the Ethereum price being above the Supertrend line, which indicates that the trend is currently bullish. As of press time, the Ethereum price stood at $3,752, a 2.4% increase in valuation over the last 24 hours.

Core DAO Price Review

Core DAO (CORE) is also among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that the Alligator indicator shows that the price is above the green line (lips), suggesting a potential continuation of the upward trend.

On the other hand, the Volume Oscillator is relatively flat, indicating a stable volume that doesn’t suggest a strong reversal or continuation yet. As of press time, the Core DAO price stood at $2.03, a 23.3% increase in valuation over the last 24 hours.

Uniswap Price Review

Uniswap (UNI) is also making trends today as a result of its price movements. An in-depth analysis shows that the Uniswap price is oscillating within the Ichimoku cloud, indicating a phase of consolidation with no clear trend.

On the other hand, the MFI (Money Flow Index) is at 68.13, suggesting that the asset is nearing overbought conditions. As of press time, the Uniswap price stood at $10.8, a 19.8% increase in valuation over the last 24 hours.

Lido DAO Price Review

Lido DAO (LDO) is also among the gainers in today’s session as seen from its price movements. Analysing Lido DAO price charts, we know that it is within an ascending channel, showing a strong bullish trend. The Lido DAO price is currently testing the upper boundary of the channel.

On the other hand, looking at other technical indicators, the Volume Oscillator has a negative value suggesting a decrease in volume, which might hint at decreasing momentum despite the price increase. As of press time, the Lido DAO price stood at $2.57, a 15.19% increase in valuation over the last 24 hours.