Bitcoin

Ethereum

Cardano

<p>The bulls are still in control in today’s session, as seen from the increase in the global market cap. The total cap stood at $2.15T as of press time, representing a 1.1% increase over the last 24 hours, while the trading volume dropped by 40% over the same period to stand at $138.8B as of press time.</p><h2 id="header-0">Bitcoin Price Review</h2><p><a href="https://blockchainreporter.net/price-prediction/bitcoin-price-prediction/" rel="noopener noreferrer nofollow">Bitcoin, $BTC</a>, is however correcting in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the Bitcoin price is currently near the lower Bollinger Band, suggesting potential oversold conditions. However, the bands are expanding, indicating increased volatility. A close below the lower band could suggest further downward movement.</p><p>On the other hand, we see that the Awesome Oscillator (AO) shows a series of red bars below the zero line, indicating bearish momentum. Bitcoin traded at $58,330 as of press time, representing a 4.62% decrease over the last 24 hours.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcIsWZk5aVMy1xvfOc4Fgyyk0HXBX7n8qlGJqflwNYGqCZ7sj4eDBQAcR2QbDuEjLenV94jmBHC9UmXUBCuKiUPUSh_00wruSc6Hmvk7W54DCJOHP8Ioi0tw4OGdbuL_PtC9KMMOhh7CwOsgv_Stmzd3QcZ?key&#61;ujKlTLuL5VcIft87TY0JBA" /><a href="https://www.tradingview.com/symbols/BTCUSD/" rel="noopener noreferrer nofollow">4-hour BTC/USD Chart | Source: TradingView</a></p><h2 id="header-1">Ethereum Price Review</h2><p><a href="https://blockchainreporter.net/price-prediction/ethereum-price-prediction/" rel="noopener noreferrer nofollow">Ethereum, $ETH</a>, is also correcting in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that the Alligator’s Jaw, Teeth, and Lips are converging, suggesting a period of low volatility or sideways movement. The Ethereum price is trading near the Lips (green line), indicating indecision and lack of strong directional momentum.</p><p>On the other hand, we see that the ADX (Average Directional Index) value is low (15.75), indicating a weak trend. Ethereum traded at $2,548 as of press time, representing a 4.31% decrease over the last 24 hours.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdQqM9od4p1Av79lYshYIwiHBHjjN8ISnqNXkcQPDMdqtLdiyd4pvcIpTVjnagcKVxXmcTXJvn5OrzsVeXnHE_mp05uU507_2huRn2Rh3WRvVkQoh3axXb5H30K-p0_18LzOx8tmbz5IEr0wM7AWAUlW20?key&#61;ujKlTLuL5VcIft87TY0JBA" /><a href="https://www.tradingview.com/symbols/ETHUSD/" rel="noopener noreferrer nofollow">4-hour ETH/USD Chart | Source: TradingView</a></p><h2 id="header-2">Ripple Price Review</h2><p><a href="https://blockchainreporter.net/price-prediction/xrp-price-prediction/" rel="noopener noreferrer nofollow">Ripple, $XRP</a>, has also failed to post gains in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the Ripple price is currently trading below the Supertrend indicator, which is red, indicating a bearish trend. The Supertrend acts as resistance and could continue to push prices lower if the trend remains intact.</p><p>On the other hand, we see that Woodies CCI is deep in the negative territory (-82.11), suggesting the asset is in a strong bearish phase. This aligns with the Supertrend indicator, reinforcing the bearish outlook. Ripple traded at $0.5639 as of press time, representing a 4.8% decrease over the last 24 hours.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcaQpVy-TJMB4TrErS1uPf7oMPvVF_ruQCwbVT_-sWInAgky3HnI0j5e25cWQFnKAJo6yo_rata-8f9TX3deDLvU5z476UKZlNAD1JGCRO7ikmQc-kAQnlwfROGwYtlOCxU8SwYcX1PumntcemMS1n0KB4w?key&#61;ujKlTLuL5VcIft87TY0JBA" /><a href="https://www.tradingview.com/symbols/XRPUSD/" rel="noopener noreferrer nofollow">4-hour XRP/USD Chart | Source: TradingView</a></p><h2 id="header-3">Sui Price Review</h2><p>Sui, $SUI, has also failed to gains in today’s session as also seen from its price movements. Looking at an in-depth analysis, the Sui price is trading within the Ichimoku cloud, indicating uncertainty and potential consolidation. The cloud ahead is thin, suggesting a potential breakout, but the direction is unclear.</p><p>On the other hand, we see that the Woodies CCI has moved into positive territory (4.39), indicating a potential shift in momentum. If this upward momentum continues, it could signal a bullish breakout from the cloud. SUI traded at $0.8974 as of press time, representing a 0.34% decrease over the last 24 hours.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXefXytujll4KaEUgFcF_bNrsyE4_19A8SymLsL5E-T-Auci1yCCUOEPjt0TujNlWWTP11JyKa_tH0lyuyd3It94pMuq2Ub1D44H8RgEaNkRKJpy1mNPYMp02_8wQIYio-ttmpEllpGBuLelWrD3_pufGyXq?key&#61;ujKlTLuL5VcIft87TY0JBA" /><a href="https://www.tradingview.com/symbols/SUIUSDT/" rel="noopener noreferrer nofollow">4-hour SUI/USD Chart | Source: TradingView</a></p><h2 id="header-4">Cardano Price Review</h2><p><a href="https://blockchainreporter.net/cardano-price-prediction-will-cardano-reach-10-in-the-next-bull-run/" rel="noopener noreferrer nofollow">Cardano, $ADA</a>, has also failed to post gains in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the Cardano price is currently trading below the midline of the Pitchfork channel, indicating a bearish bias. The price action suggests potential for further downside if it fails to break back above the midline.</p><p>On the other hand, MFI (Money Flow Index) is at 31.37, near the oversold threshold. This suggests that while there is bearish pressure, the asset could be approaching a reversal or a relief rally in the near term. Cardano traded at $0.3312 as of press time, representing a 5.8% decrease over the last 24 hours.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeotHSJr9XQF8PvjobCtYo_wJZ2XfAT10xWBSuJzxK_3sbchgGw9axTHLcseHKJcu3bVSbYwI320o3mlLee95puqb3izX59ztrZeFC495ypNuhRDOZyZOK7up2NPO1H-atEs80qUrVNYm5LmdEUWdNdvqhq?key&#61;ujKlTLuL5VcIft87TY0JBA" /><a href="https://www.tradingview.com/symbols/ADAUSD/" rel="noopener noreferrer nofollow">4-hour ADA/USD Chart | Source: TradingView</a></p>

Daily Market Review: BTC, ETH, XRP, SUI, ADA

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