Ethereum

Beam

Bonk

MultiversX

<p>Bulls continue showing dominance in today’s session, as seen from the increase in the global market cap. The total cap stood at $2.33T as of press time, representing a 2.26% increase over the last 24 hours, while the trading volume jumped by 52% over the same period to stand at $60.12B as of press time.&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> is not among the gainers in today’s session, as seen from its price movements. However, an in-depth analysis shows that the Bitcoin price recently emerged from a period of consolidation and broke above the upper Bollinger Band, suggesting upward momentum. This is usually interpreted as a bullish signal.</p> 
<p>On the other hand, looking at other indicators, we see that the Awesome Oscillator is headed back towards the negative region, indicating failing bullishness. As of press time, Bitcoin traded at $62,604, representing a 1.1% decrease over the last 24 hours.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfE7kjr8p9rJ3uIwxjsaLGoD7OXFeudOYMUBbS6jXpa6BORII5AJA8yhqerwcy2qvT4nhzoi5jTx8iZyEPHf3KsEMSvLfm8zGU6Bo3Su7n-cLIJJBeK7v3b06piMDiLJwRpt5VNpU3o6Gkw4BZj5R7V63JJ?key=_6yVUNRfpartn0zCokvlrw" 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> is not among the gainers today, as seen from the price movements. However, an in-depth analysis shows that Ethereum’s price action has been ranging with slight bullish undertones, as indicated by the Alligator’s lines starting to fan out, signalling a potential continuation of the uptrend.</p> 
<p>The MFI is stable above 70, suggesting a strong market. However, it is overbought, which could lead to a short-term pullback. As of press time, Ethereum traded at $3,437, representing a 1.32% decrease over the last 24 hours.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXe-mC2R3fa050QNGyEtWAmysBV7vTIf4plsQ7SwJBA_pUxRxPgjnh2LGm-_pNV6_bx-O6ig2pf9kzhcvK96huZwXrGhG4bUjIghz3K1D0ld2wKA2HNScmow4-__sXRtafGqk8SXgwZBKS9tLJLnDL5CNVM_?key=_6yVUNRfpartn0zCokvlrw" 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="beam-price-review">Beam Price Review</h2> 
<p>Beam (BEAM) is today’s top gainer, as seen from its price movements during today’s session. An in-depth analysis shows that BEAM has shown significant upward momentum, with a strong close above the Ichimoku cloud.</p> 
<p>On the other hand, looking at another indicator, we see that the Volume Oscillator has increased significantly, indicating strong buying interest. As of press time, the Beam price was $0.01904, representing an 11.6% increase over the last 24 hours.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfuvE32gcqOJvazuujv0aDj65PGOSB1Q6Xz3hDSnTy6oq74FckmdT7oymfp_w97ckvCibEOK33GoZsqSSptsoTvfWQGDtCcR6I_5Amb-fjHfYf_3Um7xTRv68Ho6HM_qw-qRaMttGsTp7L4eFsnhfvf3Bxj?key=_6yVUNRfpartn0zCokvlrw" alt="">
 <figcaption class="wp-element-caption">
  <a href="https://www.tradingview.com/symbols/BEAMUSDT/" target="_blank" rel="noopener">4-hour BEAM/USDT Chart | Source: TradingView</a>
 </figcaption>
</figure> 
<h2 class="wp-block-heading" id="bonk-price-review">Bonk Price Review</h2> 
<p><a href="https://blockchainreporter.net/price-prediction/bonk-price-prediction/" data-type="post" data-id="76195">Bonk (BONK)</a> has also made it to the gainers list today, as evidenced by its price movements. Analysing Beam price charts, we see that BONK, predicted by <a href="https://coincodex.com/" target="_blank" rel="noopener">Coincodex</a> to hit a high of $ 0.000123 by next year, has broken above the Ichimoku cloud, which is a bullish signal.</p> 
<p>The MFII is now deviating from the overbought territory, currently around 75, suggesting fading buying pressure cautioning for a potential reversal. As of press time, the Bonk price was $0.00002612, representing an 8.7% increase over the last 24 hours.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdtF7ReLTa8cD-TWBJS6hH8noK4CNwky7nqxpYvUtCQ1WJU8clamMah6Hryba1mPInX3d8iw8Fzfhc45q_AkwlUdQODonA1VLqisIL4Gee-TxIuBbH6QbFzE0IE2gzhdKDliuKh2HhmbuMCmfoSyNlac174?key=_6yVUNRfpartn0zCokvlrw" alt="">
 <figcaption class="wp-element-caption">
  <a href="https://www.tradingview.com/symbols/BONKUSDT/" target="_blank" rel="noopener">4-hour BONK/USD Chart | Source: TradingView</a>
 </figcaption>
</figure> 
<h2 class="wp-block-heading" id="multiversx-price-review">MultiversX Price Review</h2> 
<p>As seen from its price movements, MultiversX (EGLD) is among the gainers today. An in-depth analysis shows that EGLD is on a strong upward trajectory within the confines of an ascending pitchfork, indicating a stable bullish trend.</p> 
<p>The MACD shows increasing bullish momentum as the MACD line is above the signal line, and both are heading upwards. As of press time, the MultiversX price was $32.36, representing an 8.1% increase over the last 24 hours.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXefhsHmdvhSwWkFeka5qCBSkz9bS-MAvtfp4gAPh3_7T3KgkX0_wHE-EOBN86izhOlIupAxXNi2famMA17l259HeHoEtK-ZhoPEDyx2I044zNZ2MkV2RbSYP5RepGjnD8Xh7KQ6K0cYmRY3KUqO0FC159SE?key=_6yVUNRfpartn0zCokvlrw" alt="">
 <figcaption class="wp-element-caption">
  <a href="https://www.tradingview.com/symbols/EGLDUSDT/" target="_blank" rel="noopener">4-hour EGLD/USD Chart | Source: TradingView</a>
 </figcaption>
</figure>

Daily Market Review: BTC, ETH, BEAM, BONK, EGLD

Table of Contents

BlockchainReporter

Alte articole publicate pe 2 iul. 2024

Bitfarms Reports 21% Production Increase, Fends Off Riot Platforms

Open Source AI and User Owned AGI is $NEAR

Lif3.com partners with evmOS to deploy “Lif3 Chain,” first Layer-1 solution with curated DeFi con...

Bitcoin $500K prediction, spot Ether ETF ‘staking issue’— Thomas Fahrer, X Hall of Flame

BlockDAG’s Meteoric Ascent: A 1300% Power Surge—What Awaits NEAR Protocol and Aave Cryptos

Galaxy Fox Shining: GFOX Up 12X in 2 Months as USDT Activity Plunge on Ethereum and Tron

Join our free newsletter for daily crypto updates!