Quant

Cardano

VeChain

Daily

Divergence

<p>Today’s market session has seen bears on the front foot as seen from the decrease in the global maket cap. The total market cap stood at 1.06% decrease over the last 24 hours to stand at $2.26B while the trading volume stood at $4,46B as of the same period, representing a 6.5% drop.&nbsp;</p> 
<h2 class="wp-block-heading" id="bitcoin-price-review">Bitcoin Price Review</h2> 
<p><a href="https://blockchainreporter.net/price-prediction/bitcoin-price-prediction/" data-type="post" data-id="64778">Bitcoin (BTC)</a> 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 *BTC* chart shows a “double top” pattern, which is a bearish reversal indicator. This pattern is marked by two consecutive peaks (Top 1 and Top 2) at approximately the same price level, separated by a trough. The formation suggests potential downward pressure once the price breaks below the trough level.</p> 
<p>Looking at other indicators, we see that the Money Flow Index (MFI) is trending towards the center, indicating a neutral market sentiment at this stage. As of press time, Bitcoin traded at $60,852, representing a 0.96% decrease over the last 24 hours.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcNNRhvbzFjoGar_JewRBQwazV1NFCyJmZSg9QeuHYbHPdv6t_OUqnxHs5ngXuex8csIc3y2E9iZK9qYOYIHuocSIOJtOusONzBBZxS0BUcQThkFJ_gblSQjgd5gvXLc4XU2PIOI_niXgudOG-7qsv-R8k?key=k7jfvfLg30aGTcbXOz-9oQ" alt="">
 <figcaption class="wp-element-caption">
  <a href="https://www.tradingview.com/symbols/BTCUSD/" target="_blank" rel="noreferrer noopener">4-hour BTC/USD Chart | Source: TradingView</a>
 </figcaption>
</figure> 
<h2 class="wp-block-heading" id="ethereum-price-review">Ethereum Price Review</h2> 
<p><a href="https://blockchainreporter.net/price-prediction/ethereum-price-prediction/" data-type="post" data-id="66941">Ethereum (ETH)</a> has also failed to post gains in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that Ethereum’s chart features a “rising wedge”, a bearish pattern marked by converging trend lines that slope up. This typically suggests that a breakout to the downside could be imminent.</p> 
<p>Looking at other indicators, we see that the Awesome Oscillator (AO) shows a slight decrease in momentum, which aligns with the expected resolution of the rising wedge. As of press time, *ETH* traded at $3,389, representing a 1.3% decrease over the last 24 hours.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdgB3wmNIaUP5Qpw0p_BKOdXg-m2wY01-kMNaDJK7Hc7OC05B7EK78BWs6MvSR8Byue1qbw4TVD1_HImebx2qeqCYq-gszICnmQMXDGxj23JJEmMRkse9wXwuzVBG8yMwcMhB3iKtwvpa68wDHDpiTcW8o?key=k7jfvfLg30aGTcbXOz-9oQ" alt="">
 <figcaption class="wp-element-caption">
  <a href="https://www.tradingview.com/symbols/ETHUSD/" target="_blank" rel="noreferrer noopener">4-hour ETH/USD Chart | Source: TradingView</a>
 </figcaption>
</figure> 
<h2 class="wp-block-heading" id="quant-price-review">Quant Price Review</h2> 
<p>Quant (QNT) is among the gainers in today’s session as seen from its price movements in today’s session. Looking at an in-depth analysis, we see that the Quant chart does not display a clear price pattern like the previous charts but shows significant volatility with recent bullish momentum as indicated by a sharp rise followed by a recent price correction.</p> 
<p>On the other hand, the Relative Strength Index (RSI) is near the midline, indicating neither overbought nor oversold conditions. The price is slightly below the 20-period Simple Moving Average (SMA), suggesting a possible resistance level. As of press time, Quant traded at $77.70, representing a 3.2% increase over the last 24 hours.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfNq099Y1DQk-HhjNK5USR6I7fq_7ktI-g-ZXX4LsIL9IK14zyh8ZSBLTTPaaDej3IpgBYae6nTfSgqRSFLANPSswU6aX2gm2EKQAod9f6F75yRgm2xqo8lBTDMcaxo6jPUEGXM6GGxPwFDmlfvfTE-O10?key=k7jfvfLg30aGTcbXOz-9oQ" alt="">
 <figcaption class="wp-element-caption">
  <a href="https://www.tradingview.com/symbols/QNTUSD/" target="_blank" rel="noopener">4-hour QNT/USDT Chart | Source: TradingView</a>
 </figcaption>
</figure> 
<h2 class="wp-block-heading" id="vechain-price-review">VeChain Price Review</h2> 
<p>VeChain (VET) is also among the gainers in today’s session as seen from its price movements as well. Looking at an in-depth analysis, we see that its chart does not show a clear traditional pattern but displays a consolidation phase with recent slight bullish momentum as the price moves above the moving averages.</p> 
<p>On the other hand, the Moving Average Convergence Divergence (MACD) shows a bullish crossover, supporting the recent uptick in price, which could indicate a continuation of the bullish trend.&nbsp; As of press time, VeChain traded at $0.02671, representing a 1.7% increase over the last 24 hours.</p> 
<figure class="wp-block-image is-resized">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXeugas48Yk8gOuOCghAlVKOrekvcwCZuhMASSk7Sk9VhNTQLFCmwwoZmal07ZLGCL_d3RgdCBNJdy4fBMM9znA-eJIrXvjYaWbu83KKtXo9kT7pOFpOzFMP07OzY-SDD-_Xr-iQsBvZM9qtr4AGhhGCOoA?key=k7jfvfLg30aGTcbXOz-9oQ" alt="" style="width: 100%;height:auto">
 <figcaption class="wp-element-caption">
  <a href="https://www.tradingview.com/symbols/VETUSD/" target="_blank" rel="noopener">4-hour VET/USD Chart | Source: TradingView</a>
 </figcaption>
</figure> 
<h2 class="wp-block-heading" id="cardano-price-review">Cardano Price Review</h2> 
<p>Cardano *ADA* is also among the gainers today as also aevidenced by its price movements. Looking at an in-depth analysis, we see that the Cardano chart is depicted with the Ichimoku Cloud, showing the price interacting around the cloud, which could suggest a phase of consolidation or indecision.</p> 
<p>On the other hand, we se that the Woodies Commodity Channel Index (CCI) shows readings fluctuating around the zero line, suggesting a lack of strong momentum in either direction. As of press time, Cardano traded at $0.395, representing a 1.89% increase over the last 24 hours.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdP5vHuZ3-_WhQsfofIum4dIrDUNqHfJvgSm1sibBkLXp_XqQpfTm3bGIM__u9mVPNTJQ5QQBj2JYai-EbAdO6y7l5ebZyoMA1PucoXDCrw5OiqfGYbXISlwVQfu2RMjhwQXUZk4xy_2seL2BLb85cY_UJr?key=k7jfvfLg30aGTcbXOz-9oQ" alt="">
 <figcaption class="wp-element-caption">
  <a href="https://www.tradingview.com/symbols/ADAUSD/" target="_blank" rel="noopener">4-hour ADA/USDT Chart | Source: TradingView</a>
 </figcaption>
</figure>

Daily Market Review: BTC, ETH, QNT, VET, ADA

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