Bitcoin

Ethereum

Conflux

dYdX (ethDYDX)

Toncoin

<p>The bears are in control in today’s session, as seen from the increase in the global market cap. The total cap stood at $2.07T as of press time, representing a 0.8% decrease over the last 24 hours, while the trading volume jumped by 31.8% over the same period to stand at $49.98 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>, has failed to post gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, the Bitcoin price is currently trading near the lower Bollinger Band, indicating that Bitcoin is facing selling pressure. The width of the bands suggests a period of increased volatility.</p><p>On the other hand, we see that the Woodies Commodity Channel Index (CCI) shows a strong negative value (-147.19), which indicates that Bitcoin is in the oversold territory. This could mean that a reversal might be near, but the downward momentum is still strong. Bitcoin traded at $58,629 as of press time, representing a 1.63% decrease over the last 24 hours.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXf1CiyapuFqvJDqQu9sy8SQLIpQuE_WprKKTMqvfdwEdoUXoFKvj8CEXPKlv-TjOTfTBMDQ8eDinzEWmjeZVKu9EsHF0tmuLVq9rVr3NYgCqDk_GEd8KLCG7QhfFcUAch09_D8U9DP9pe2PDSWI3t1TTQeh?key&#61;fWxxvm_OcfMisL8wp06R_g" /><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 among the gainers in today’s session as seen from its price movements in today’s session. Looking at an in-depth analysis, the Alligator’s lips (green), teeth (red), and jaw (blue) are in a close formation, indicating a lack of clear trend direction. The market is in a consolidation phase. The Ethereum price has been hovering around the Alligator’s lines, without a clear breakout in either direction.</p><p>On the other hand, we see that the Woodies CCI shows mixed signals with a slightly positive reading (11.2). The market could be preparing for a breakout, but there is no strong momentum in either direction. Ethereum traded at $2,627 as of press time, representing a 0.8% increase over the last 24 hours.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdBv1TdW8mb4fmZ6Tt9TjRtBo6wvzQHhlxNtY41FAzopGwhMpK5A2LZP0GdvUePZ3uyXq4pIT92A9pXMj9jC8bkPjj6nvAkomM9hSGhbxaPwVsjeimQkrBotGi1yp_8lxYoc2k1DX8eXoeoaTtjLM-jDr8r?key&#61;fWxxvm_OcfMisL8wp06R_g" /><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">Toncoin Price Review</h2><p>Toncoin, $TON, 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 Toncoin price is trading within the Ichimoku Cloud, which signifies indecision in the market. The flat Kijun-sen (blue line) and Tenkan-sen (red line) further support this. The Chikou Span (lagging line) is close to the price, which adds to the uncertainty.</p><p>On the other hand, we see that the RSI is at 60.85, indicating that the market is leaning towards bullish momentum but is not yet in overbought territory. Toncoin traded at $6.86 as of press time, representing a 5% increase over the last 24 hours.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcMv1aqToKxqmp6l-k9etdtmmpLoyYDcCxCkPSMGngdMasb9hFvzWehSmDAhN-i9iNOgN_-oBW7ZGwilUZ8rTYofU6LZ5Nc0c3oAtsx_9RzxW8IRmFMx6Lqakqf4bRbstOFNF5Odnb5Pfamy9yYfICg2oxd?key&#61;fWxxvm_OcfMisL8wp06R_g" /><a href="https://www.tradingview.com/symbols/TONUSDT/" rel="noopener noreferrer nofollow">4-hour TON/USD Chart | Source: TradingView</a></p><h2 id="header-3">dydx Price Review</h2><p>dydx, $DYDX, is also among the gainers in today’s session as seen from its price movements today. Looking at an in-depth analysis, we see that the dydx price has moved above the Supertrend line, flipping it to a buy signal. This indicates a potential bullish trend. The market previously faced a strong downtrend but seems to be recovering as the Supertrend provides support.</p><p>On the other hand, we see that the Money Flow Index (MFI) is at 72.04, which is close to the overbought zone. This suggests that buying pressure is high, but a correction could be imminent if the MFI continues to rise. dydx traded at $1.13 as of press time, representing a 5.71% increase over the last 24 hours.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfNIJ3IHeot_jEhSL3xtEAdY6wB6vvTDiBauh3td3D4_mHzxTlmzC9peqjh-QPMZAL8HKDNM1_iI8JIcDn3FfgOH9jSBMHb9jssXfOpM1vFYk-bKQZoKK899zJBwomow5ENoPt1u544t-w9K-nmZHJVGg4?key&#61;fWxxvm_OcfMisL8wp06R_g" /><a href="https://www.tradingview.com/symbols/DYDXUSDT/" rel="noopener noreferrer nofollow">4-hour DYDX/USDT Chart | Source: TradingView</a></p><h2 id="header-4">Conflux Price Review</h2><p>Conflux, $CFX, is among the gainers in today’s session as well, also seen from its price movements over the last 24 hours. Looking at an in-depth analysis, we see that the Conflux price is currently trading within the lower half of the Pitchfork channel, which suggests a bearish bias. The Conflux price action has been respecting the lower boundary of the Pitchfork, indicating strong resistance at higher levels.</p><p>On the other hand, we see that the Volume Oscillator shows a negative reading (-3.34%), indicating that the bearish trend may continue due to decreasing buying interest. Conflux traded at $0.1345 as of press time, representing a 4.8% increase over the last 24 hours.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcu7xuwgdD3IXfm0xXXglaN5ZYuaaRMlTTRKrCd3rDBWJnVo01j1rbhUJsOWiKlVisX6bhsuneifYaaR4MD9wPPe5nV46-9pP61oPUWsR4DAFabs62f23xTxBHfntI7QGMsu2jhVh_-fHhcjOfj1kq4pvXe?key&#61;fWxxvm_OcfMisL8wp06R_g" /><a href="https://www.tradingview.com/symbols/CFXUSDT/" rel="noopener noreferrer nofollow">4-hour CFX/USDT Chart | Source: TradingView</a></p>

Daily Market Review: BTC, ETH, TON, DYDX, CFX

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