Pepe

Ethena

Daily

<p>Today’s market session still has bulls on the front foot, as seen from the drop in the global market cap. The total cap stood at $2.11T as of press time, representing a 1.29% jump over the last 24 hours, while the trading volume stood at $54.43B as of the same period, representing a 33.06% decrease over the same period.</p>
<h2 class="wp-block-heading" id="bitcoin-price-review">Bitcoin Price Review</h2>
<p>As seen from its price movements, <a href="https://blockchainreporter.net/price-prediction/bitcoin-price-prediction/" data-type="post" data-id="64778" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> is not a gainer in today’s session. The Bitcoin price trades near the lower Bollinger Band, indicating potential oversold conditions. The bands are relatively wide, suggesting increased volatility.</p>
<p>On the other hand, the Average Directional Index (ADX) value is 38.01, indicating a strong trend. Given the downtrend, this suggests a strong bearish trend. As of press time, Bitcoin traded at $57,716, representing a 2.69% increase over the last 24 hours.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdLQXz9Lu_QhOMnVdtKdCkTWLvdi6r3osFlgFv7YJv-JWXirOjpEUnVNc_4nqA0oHLRgAr-2iuyEaNrmWAj4gv3KYWM-zDlFf5CtvcQI9fZ1-XybwKNQ2pL9Tcv9cIMDE30pKZeOg_dxXVclrCnfE5WTge6?key=uyZh7umeSMeJPIteXVdVjw" alt="">
 <figcaption class="wp-element-caption"><a href="https://www.tradingview.com/symbols/BTCUSD/" target="_blank" rel="noopener noreferrer nofollow">4-hour BTC/USD Chart | Source: TradingView</a>
 </figcaption>
</figure>
<h2 class="wp-block-heading" id="ethereum-price-review">Ethereum Price Review</h2>
<p>As seen from its price movements, <a href="https://blockchainreporter.net/price-prediction/ethereum-price-prediction/" data-type="post" data-id="66941" rel="noopener noreferrer nofollow">Ethereum (ETH)</a> is also not a gainer in today’s session. However, an in-depth analysis shows that the Alligator lines are intertwined, suggesting the market is in a consolidation phase. The Ethereum price is currently below the Alligator’s teeth (red line), indicating a bearish trend.</p>
<p>On the other hand, the Average Directional Index (ADX) value is 49.51, indicating a very strong trend. Ethereum traded at $2,923 as of press time, representing a 2.66% decrease over the last 24 hours.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdZMde-sDRe-UDe69EqW3gsY3WbPkOqQzAjQ18Y9vueEVG9eTNHnjnLYA36f4OXhT2kagJVhpErVZjFwh_n5YAjRTHEM9I6wpb2iItgZpCBqKMCkdJ1L4kxqX1qsyTxOWlHJKT2aMWZU9ATlnBtf_P1bIdr?key=uyZh7umeSMeJPIteXVdVjw" alt="">
 <figcaption class="wp-element-caption"><a href="https://www.tradingview.com/symbols/ETHUSD/" target="_blank" rel="noopener noreferrer nofollow">4-hour ETH/USD Chart | Source: TradingView</a>
 </figcaption>
</figure>
<h2 class="wp-block-heading" id="pepe-price-review">Pepe Price Review</h2>
<p><a href="https://blockchainreporter.net/pepe-price-prediction-a-new-meme-coin-to-watch/" data-type="post" data-id="87547" rel="noopener noreferrer nofollow">Pepe (PEPE)</a> is among the top losers in today’s session, as seen from its price movements. An in-depth analysis reveals a double bottom pattern, indicating a potential reversal pattern. The target is marked significantly higher, suggesting a bullish outlook if the pattern completes.</p>
<p>On the other hand, the Woodies CCI shows extremely negative values, indicating strong bearish momentum. Pepe traded at $0.00000836 as of press time, representing an 8.2% decrease over the last 24 hours.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXf4N9K70-YfqQ4tmxO1pcijxRNrDSlF31EQd8yFnQRWFRCFDIj9U2HlplvqmQ-i8mQquX4ukkMVkdJllKhBobqRR62KXllXh4_wj2WjuhsuIrLbbIhsIu47h9RVoF4BmjUtqg_FZACnQ2FZlb8q4I-96nWS?key=uyZh7umeSMeJPIteXVdVjw" alt="">
 <figcaption class="wp-element-caption"><a href="https://www.tradingview.com/symbols/PEPEUSDT/" target="_blank" rel="noopener noreferrer nofollow">4-hour PEPE/USDT Chart | Source: TradingView</a>
 </figcaption>
</figure>
<h2 class="wp-block-heading" id="dogwifhat-price-review">Dogwifhat Price Review</h2>
<p>Dogwifhat (WIF) has also lost big today, as seen from its price movements. An in-depth analysis shows that the Dogwifhat price is below the Ichimoku Cloud, indicating a bearish trend. The leading span lines are also bearish, with the future cloud showing potential resistance.</p>
<p>On the other hand, the volume oscillator indicates an increase in volume in recent price movements, suggesting stronger participation in the current trend. Dogwifhat traded at $1.67 as of press time, representing an 8.94% decrease over the last 24 hours.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcPrCyGb8PpndyeRUoamp-ZkaEzzGsaP03lR7B6N9upYkTBPPbOjCr59gmEz_AjbOE6nhqqTsN2BIR2jQ71kYvpZE8B40WVt052lq8TC-oIsL4qZ7kUtBF1QbChy_IyGCZq2xO21Ove0-ENlbqgcTo_Odye?key=uyZh7umeSMeJPIteXVdVjw" alt="">
 <figcaption class="wp-element-caption"><a href="https://www.tradingview.com/symbols/WIFUSDT/" target="_blank" rel="noopener noreferrer nofollow">4-hour WIF/USDT Chart | Source: TradingView</a>
 </figcaption>
</figure>
<h2 class="wp-block-heading" id="ethena-price-review">Ethena Price Review</h2>
<p>Ethena (ENA) has also failed to post gains in today’s session, as seen from its price movements. An in-depth analysis shows that the Supertrend indicator is bearish (red) and acts as resistance. The Ethena price is below the Supertrend line, indicating a continued bearish trend.</p>
<p>On the other hand, the Money Flow Index (MFI) is at 36.88, close to the oversold region but not quite there yet. This suggests the potential for further downside before a possible reversal. Ethena traded at $0.3663 as of press time, representing an 8.69% decrease over the last 24 hours.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXerTieKAz6Ae6pXuVJ_IrJuEQL1TuNczPM-6DRIpCrZe3F3LKwOkslzlNW9ac1NmnEjl3gvpVNOB2WMNuv7vWQU7efwGQw8Gn75maMPXh_AdgSH3Go9c_BH4u8kj-DTk8ueFFJgbmjLWzF-uqQ-jqMIrnU?key=uyZh7umeSMeJPIteXVdVjw" alt="">
 <figcaption class="wp-element-caption"><a href="https://www.tradingview.com/symbols/ENAUSDT/" target="_blank" rel="noopener noreferrer nofollow">4-hour ENA/USDT Chart | Source: TradingView</a>
 </figcaption>
</figure>

Daily Market Review: BTC, ETH, PEPE, WIF, ENA

Table of Contents

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