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<p>Today’s market session also saw bears on the front foot, as seen from the drop in the global market cap. The total cap stood at $2.07T as of press time, representing a 3.95% drop over the last 24 hours, while the trading volume stood at $92.87B as of the same period, representing a 10.5% increase over the same period.</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/">Bitcoin (BTC)</a> is among the losers in today’s session, as seen from its price movements. An in-depth analysis shows that the Bitcoin price has sharply moved towards the lower Bollinger Band, indicating high volatility and a potential oversold condition. The 20-period SMA (Simple Moving Average) within the Bollinger Bands shows a downward slope, suggesting a bearish trend.</p> 
<p>On the other hand, the Awesome Oscillator (AO) is deeply damaging, indicating strong bearish momentum. As of press time, Bitcoin traded at $54,234, representing a 7.1% decrease over the last 24 hours.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcU2FeCctTuVFnRG2_ZaWeoxC0fDmkEQxQOt3v4G5Tq0TfDkPPrfpwbqRwc6YWnuz0yq4vyTpKLdHKxH26b_cY27K-xmOKOk7B7h3BCe2_ERjNWa0xS2OlfaBLNmnvh8mQyfbHmGF6SyPRk2AvkDhMSyZ8?key=T_oV0voLP7vQhXX67cMLxw" 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/ethereum-price-predictions-2023-2031/">Ethereum (ETH)</a> also faces corrections today, as seen from its price movements. An in-depth analysis shows that the red supertrend indicator indicates a bearish trend. Ethereum is in a strong bearish trend, with the supertrend indicator confirming it.&nbsp;</p> 
<p>On the other hand, looking at other indicators, we see that the MFI (Money Flow Index) is very low at 5.46, suggesting the market is oversold. Ethereum traded at $54,234 as of press time, representing a 9.8% decrease over the last 24 hours.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdTMoiU555isiXb7jQ-ulNn-m4F3QufWt0E4ZcNaIWnNsld9pcZXnyBIBB_RirHiwhPQAggAPctXoPGRhO7cedDpZkBrK1422K_X-2MBr_T17DHMkY-S3IAUOQU0u0vkLCQoJFmKka-FzvjxBxlcX0plbdG?key=T_oV0voLP7vQhXX67cMLxw" 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="binance-coin-price-review">Binance Coin Price Review</h2> 
<p>As seen from its price movements, <a href="https://blockchainreporter.net/binance-coin-price-prediction-2022-2030-will-bnb-mark-an-unexpected-bullish-goal/" data-type="post" data-id="31006">Binance Coin (BNB)</a> has also failed to post gains in today’s session. Looking at an in-depth analysis, we see that the Alligator’s Jaw (blue line), Teeth (red line), and Lips (green line) are intertwined and show a slight downward movement, indicating a bearish phase.</p> 
<p>On the other hand, we see that the Woodies CCI (Commodity Channel Index) is profoundly negative, confirming the bearish momentum. Binance Coin traded at $471.29 as of press time, representing an 11.4% decrease over the last 24 hours.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXc4cFrbunM5QlH-KiQjlpeb0eGSQaXz1L0Ybv3nKQfpiHg-gSp7yxqsVkvjO-rCyuehLUsxdgAthGx-dgQGWe9sMdUfTosxX4ODzYxGpx8rGhsp8xkxA9m-2KxTbtCeWreS5yTVo1nGZeqGNgrB3xEQBwMA?key=T_oV0voLP7vQhXX67cMLxw" alt="">
 <figcaption class="wp-element-caption">
  <a href="https://www.tradingview.com/symbols/BNBUSDT/" target="_blank" rel="noopener">4-hour BNB/USD Chart | Source: TradingView</a>
 </figcaption>
</figure> 
<h2 class="wp-block-heading" id="shiba-inu-price-review">Shiba Inu Price Review</h2> 
<p><a href="https://blockchainreporter.net/shiba-inu-price-predictions-mpeppe-mpepe-set-to-dominate-2024-market-by-1000/" data-type="post" data-id="87654">Shiba Inu (SHIB)</a> has also failed to post gains in today’s session, as seen from its price movements. An in-depth analysis shows that the Shiba Inu price is below the Ichimoku Cloud, indicating a bearish trend.</p> 
<p>On the other hand, we see that the MFI (Money Flow Index) is at 4.41, which indicates the asset is oversold. Shiba Inu traded at $0.00001327 as of press time, representing a 14.58% decrease over the last 24 hours.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfjnvlSbOAIxPWDxFL6YFOy4rYlX3Zk6E0ckUhVUFyE0oSrc-rT3ijL8shhC3slZ1Tms5OSnjO1pw2oKIonKmSJnoP0tKk9KHc8NXQVZg4EPOBdL2oFv5DfN3y-fWke2-z13arr9rP4KTAy-LdsSk6s4Kw?key=T_oV0voLP7vQhXX67cMLxw" alt="">
 <figcaption class="wp-element-caption">
  <a href="https://www.tradingview.com/symbols/SHIBUSD/" target="_blank" rel="noopener">4-hour SHIB/USDT Chart | Source: TradingView</a>
 </figcaption>
</figure> 
<h2 class="wp-block-heading" id="dogecoin-price-review">Dogecoin Price Review</h2> 
<p><a href="https://blockchainreporter.net/price-prediction/dogecoin-price-prediction-will-dogecoin-go-up/" data-type="post" data-id="79058">Dogecoin (DOGE)</a> is also not among the gainers in today’s session, as seen from its price movements. An in-depth analysis shows that the chart shows a bearish pennant pattern, suggesting a continuation of the downtrend.</p> 
<p>On the other hand, we see that the MFI (Money Flow Index) is very low at 1.76, indicating oversold conditions. Dogecoin traded at $0.09563 as of press time, representing a 15.04% decrease over the last 24 hours.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXezLynxyNQfpKouwTMMr60MzZjuZoW9fy2-D6sLnbeND_pmvIxVQW8EZb0516On37fm7zFCTOgRxkGocfhiuKXTj3uamP9nVj9InvUI2DGDrCwEQxPJJcFvvbEdb8R5h00bm2UTJw7CNZcZBeE6vfvK6m0?key=T_oV0voLP7vQhXX67cMLxw" alt="">
 <figcaption class="wp-element-caption">
  <a href="https://www.tradingview.com/symbols/DOGEUSD/" target="_blank" rel="noopener">4-hour DOGE/USDT Chart | Source: TradingView</a>
 </figcaption>
</figure>

Daily Market Review: BTC, ETH, BNB, SHIB, DOGE

Table of Contents

BlockchainReporter

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