Bitcoin

Ethereum

Beam

Ronin

<p>The bears are still in total control in today’s session, as seen from the decrease in the global market cap. The total cap stood at $2.05T as of press time, representing a 3.02% decrease over the last 24 hours, while the trading volume jumped by 6% over the same period to stand at $72.87B 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 near the lower Bollinger Band, indicating a potential oversold condition. This could suggest a possible bounce back toward the middle band if buying pressure increases. However, a break below the lower band may indicate further downside.</p><p>The 20-period Simple Moving Average (SMA) is acting as a dynamic resistance. The price needs to break above this level to confirm a bullish reversal. On the other hand, we see that the ADX (Average Directional Index) has a value of 34.31, the ADX indicates a strong trend. Bitcoin traded at $59,459 as of press time, representing a 0.52% increase over the last 24 hours. Bitcoin traded at $58,601 as of press time, representing a 3.07% decrease over the last 24 hours.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdCI5IIWQ5r9i65HrBDlLAi1PHAnRJ6NhzVTGy65U03HBlXW45erqUK0R6WVp2PePXvTLwc5W0PGtvglmXiSaxAyzJ-Ki1urTl7Lk5VnfgTJWYBv3KG2FTRfCArIS5-9iaouIghvzu0tppveG1OWELicYCz?key&#61;dVHiXow8d139fTQhWauPMw" /><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>Ethereum, $ETH, is also not among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the Alligator’s lips (green), teeth (red), and jaw (blue) are in a bearish alignment, suggesting a downtrend. The price needs to move above these lines to indicate a trend reversal.</p><p>On the other hand, we see that the Volume Oscillator is currently positive, indicating a recent increase in volume. This could suggest strengthening momentum, but the trend direction remains bearish until the price breaks above the Alligator lines. Ethereum traded at $2,460 as of press time, representing a 4.23% decrease over the last 24 hours.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcvZumhxdOPi540KlbbF1xNR6913tT4Bv_ZUcvHXy5j_xfxy4Jafb57rnVbEa1mkJb42DWuqe1Z5bGwtqgHFpKpZvlOfhio2JtzzXYfbd5ziFh9q_snpP0rsXGub1J95S9kMSTrY0HoBcaBpUVuXgohDGwU?key&#61;dVHiXow8d139fTQhWauPMw" /><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>Ripple, XRP, has also not posted 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 below the Ichimoku Cloud, indicating a bearish trend. The conversion line (Tenkan-sen) and base-line (Kijun-sen) are also in a bearish formation, reinforcing the downtrend outlook. A bullish signal would require the price to break above the cloud and the conversion line to cross above the base-line.</p><p>On the other hand, we see that the Woodies Commodity Channel Index is below -100, which indicates an oversold condition. This suggests a potential short-term bounce, but the overall trend remains bearish unless significant bullish momentum builds. Ripple traded at $0.5559 as of press time, representing a 2.8% decrease over the last 24 hours.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXf0FsxWjsNZjnKXHiZ-9fkf-cIQBKKQaWECl1rEwxiEr29ZGsKoQw9WX1y_wMlo4Hd2Wl2S9Dbm6UrscZLgavywP9Bw2Ddr8FaBY06FfQyUZ5CQj2s2A9bVStEsKqVjjFiFPUEa1sSRVmPvtwBHH4dA5SKq?key&#61;dVHiXow8d139fTQhWauPMw" /><a href="https://www.tradingview.com/symbols/XRPUSD/" rel="noopener noreferrer nofollow">4-hour XRP/USDT Chart | Source: TradingView</a></p><h2 id="header-3">Beam Price Review</h2><p>Beam, $BEAM, is a gainer in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that the Beam price is hovering around the Ichimoku Cloud, indicating indecision in the market. A decisive break above the cloud would suggest a bullish trend, while a break below could signal further downside.</p><p>On the other hand, we see that the RSI (Relative Strength Index) is around 52.25, indicating neutral momentum. The lack of a clear trend signal suggests waiting for a breakout from the cloud for a directional bias. Beam traded at $0.01521 as of press time, representing a 0.85% increase over the last 24 hours.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXd6pum6L18ux6pmLbV0sPPRMXig9hm-XlIPKbnLg4QFFr89QS_USVZR1xgLF5wO01Bx9_Tive-yxkwhrpchSNWJUU9g91IzajTem-GhvINrFtmH3PfJE6_eGNlAKgedQNMuBocsP8pkwiDI4gKFrFC7rE_7?key&#61;dVHiXow8d139fTQhWauPMw" /><a href="https://www.tradingview.com/symbols/BEAMUSDT/" rel="noopener noreferrer nofollow">4-hour BEAM/USDT Chart | Source: TradingView</a></p><h2 id="header-4">Ronin Price Review</h2><p>Ronin, RON, is also not among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the Ronin price is moving within the pitchfork channel, currently testing the median line. A break above the median could signal bullish continuation, while a rejection may push the price back toward the lower boundary.</p><p>On the other hand, we see that the MFI (Money Flow Index) is around 50.07, indicating neither overbought nor oversold conditions. This suggests the market is in a consolidation phase, and traders should watch for a breakout from the pitchfork range for further clues. Ronin traded at $1.67 as of press time, representing a 0.28% increase over the last 24 hours.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXe9GLcfzy3tI4zo86ETh93bGyZUlpK4djIdwBDSupsgnkf7oheQjJ4GQ-Bg-cl6c8EXWI7dJsU-76SZTnJpUd_qysKkzP_3CQ2uPmvw9sPKbwt64FFSqWBnZ-UTCNVJNO0F4GL6IXlxrEhxNFMFYWMp3PgN?key&#61;dVHiXow8d139fTQhWauPMw" /><a href="https://www.tradingview.com/symbols/RONUSDT/" rel="noopener noreferrer nofollow">4-hour RON/USDT Chart | Source: TradingView</a>th</p>

Daily Market Review: BTC, ETH, XRP, BEAM, RON

Table of Contents

BlockchainReporter

Other articles published on Aug 30, 2024

Hamster Kombat to Launch $HMSTR Token and Airdrop on Sept. 26

DTX Testnet Beats ADA and TRX Performance; Here’s Why This L1 Could Be the Next Cardano

DOGS Price Fails To Reflect The High Token Hype: What’s Happening?

JUST IN: Brazilian Judge Suspends Elon Musk’s X Over Legal Dispute

Cryptocurrency Prices Today Aug 30: BTC & ETH Fight Turbulence, BEAM & EGLD Soar 4%

Crypto hacks surpass $1.2B in 2024, Celsius repays $2.5B: Finance Redefined

Join our free newsletter for daily crypto updates!