Daily Market Review: BTC, ETH, KAS, AKT, XEC

The bears are in control in today’s session, as seen from the decrease in the global market cap. The total cap stood at $2.31T as of press time, representing a 3.4% decrease over the last 24 hours, while the trading volume jumped by 19.23% over the same period to stand at $77.59B as of press time. 

Bitcoin Price Review

Bitcoin, $BTC, has failed to post gains in today’s session, as seen from its price movements. In-depth analysis shows that the Bitcoin price moves between the upper and lower Bollinger Bands, indicating volatility. Currently, the Bitcoin price is touching the lower Bollinger Band, suggesting it may be oversold, and a potential reversal could be imminent.

On the other hand, we see that the Awesome Oscillator is showing a bearish momentum with red bars, indicating selling pressure. The histogram is below the zero line, reinforcing the bearish trend. Bitcoin traded at $64,338 as of press time, representing a 2.96% decrease over the last 24 hours.

Ethereum Price Review

Ethereum, $ETH, has also failed to post gains in today’s session, as seen from its price movements. An in-depth analysis shows that the Alligator indicator shows the market is in a consolidation phase as the three lines (lips, teeth, and jaw) are intertwined.

The ADX is at 20.92, which indicates a weak trend. A value below 25 usually signifies a need for a more solid trend direction. The Ethereum price has recently dipped below the Alligator lines, suggesting a potential bearish movement. As of press time, Ethereum traded at $3,169, representing a 4.57% decrease over the last 24 hours.

Kaspa Price Review

Kaspa, $KAS, is among the gainers in today’s session, as seen from its price movements. An in-depth analysis shows that the Kaspa price is above the Ichimoku Cloud, indicating a bullish trend. The leading span lines (Senkou Span A and B) provide support and resistance levels.

On the other hand, the Volume Oscillator shows a decrease in volume, which might suggest weakening momentum.  As of press time, Kaspa traded at $0.2037, representing a 0.66% increase over the last 24 hours.

Akash Network Price Review

Akash Network, $AKT, is among the gainers in today’s session, as seen from its price movements. An in-depth analysis shows that the Supertrend indicator shows a bearish signal as the price is below the red line. The RSI is at 40.67, below the neutral 50 level but not in the oversold territory yet. This suggests moderate bearish momentum.

If the Akash Network price breaks above the Supertrend line, it could indicate a potential bullish reversal. As of press time, Akash Network traded at $3.03, representing a 2.51% increase over the last 24 hours.

eCash Price Review

However, eCash, $XEC, is not among the gainers in today’s session, as seen from its price movements. In-depth analysis shows that the Auto Pitchfork provides dynamic support and resistance levels, with the price currently near the lower boundary, suggesting potential support.

On the other hand, the MFI is at 52.55, indicating neutral conditions with no overbought solid or oversold signals. As of press time, eCash traded at $0.00003837, representing a 0.05% decrease over the last 24 hours.