Daily Market Review: BTC, ETH, IP, DEXE, PAXG

The bears are in total control in today’s session, as seen from the decrease in the global market cap. The total cap stood at $2.88T as of press time, representing a 7.1% decrease over the last 24 hours, while the trading volume jumped by 108% over the same period to stand at $175.48B as of press time. 

Bitcoin Price Review

Bitcoin, $BTC, has posted massive losses in today’s session, as seen from the price movements. Looking at an in-depth analysis, we see that Bitcoin is experiencing a sharp decline, with price breaking below the lower Bollinger Band. This suggests high volatility and strong bearish momentum. The next major support is around $88,000, with resistance near $94,000 and $99,000.

On the other hand, we see that the AO indicator is deep in the red, confirming strong bearish momentum. Further downside is likely unless a rebound occurs. Bitcoin traded at $88,254 as of press time, representing a 7.9% decrease over the last 24 hours.

Ethereum Price Review

Ethereum, $ETH, is also among the losers in today’s session as also seen from its price movement. Looking at an in-depth analysis, we see that Ethereum has broken a key support level and is trading in a downward trend. The Alligator Indicator lines are diverging, confirming the downtrend. Immediate support lies near $2,300, while resistance is around $2,560.

On the other hand, we see that the Money Flow Index (MFI) is at 19.74, indicating oversold conditions. A rebound could be possible if buyers step in. Ethereum traded at $2,400 as of press time, representing a 10.98% decrease over the last 24 hours.

Story Price Review

Story, $IP, is also among the few gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the Story price is attempting to hold above the Ichimoku cloud, which suggests ongoing bullish momentum despite recent volatility.

On the other hand, we see that the Volume Oscillator is negative (-9.18%), indicating a decline in volume, which may weaken the current trend. Story traded at $4.90 as of press time, representing a 25.27% increase over the last 24 hours.

DeXe Price Review

DeXe, $DEXE, 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 DEXE is in a consolidation phase after a recent dip, with price hovering around the Supertrend resistance.

On the other hand, we see that the ADX is at 21.35, showing weak trend strength, suggesting the market lacks a clear direction. DeXe traded at $19.28 as of press time, representing a 2.82% increase over the last 24 hours.

PAX Gold Price Review

PAX Gold, $PAXG, is also among the few gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that PAXG is maintaining an uptrend, staying above the 50-SMA and 100-SMA. The support is at $2,915, with resistance at $2,960.

On the other hand, we see that the MFI is at 56.17, indicating neutral conditions with no overbought or oversold signals. PAX Gold traded at $2,972 as of press time, representing a 0.28% increase over the last 24 hours.