Daily Market Review: BTC, ETH, SOL, MNT, WLD

14.02.2024

Today’s session began with massive bull activity again as the global market cap jumped by 3.6% to stand at $1.87 as of press time. The trading volume has also jumped by 77% within the same period to $81B. However, despite the bull market, several tokens have failed to post gains in today’s session as they face correction.

Bitcoin Price Review

Looking at the 2-hour BTC/USD charts, we notice a bullish trend with the price moving above the 20 Simple Moving Average (SMA) line, suggesting a strong market. The Bollinger Bands appear to be widening, hinting at increased market volatility. The Relative Strength Index (RSI) is above 50, indicating positive momentum for the Bitcoin price.

The

now stands at $49,7K, representing a 0.4% drop in the last 24 hours, as it now faces resistance at $50K. The trading volume has also seen an 11% drop within the same period to $34 billion.

BTC 2-hour chart | Source: TradingView

Ethereum Price Review

Analyzing 2-hour ETH/ USD charts, we also see that the Ethereum price action is hovering around the 2,650 USD mark. The Moving Average Convergence Divergence (MACD) shows a slight bearish crossover. However, the latest green histogram on the Awesome Oscillator and the MACD’s reversion towards the green zone suggest building bullish momentum on the Ethereum price.

The

now stands at $2.651, representing a 0.24% drop in the last 24 hours, as it also failed to post gains. The trading volume has also seen a 12% drop within the same period to $16.4 billion.

ETH 2-hour chart | Source: TradingView

Solana Price Review

Looking at the 2-hour SOL/USD charts, we see a stable trend, with prices ranging around 113 USD. The Alligator indicator suggests a potential for continued sideways movement, and the Average Directional Index (ADX) is above 20, which indicates a certain strength in the current Solana price trend.

The

now stands at $113.22, representing a 0.74% decrease in the last 24 hours, as it also failed to post gains. The trading volume has also seen a 19% drop within the same period to $2.3 billion.

SOL 2-hour chart | Source: TradingView

Mantle Price Review

Looking at the 2-hour MNT/USDT charts, we see the asset is trading just below 0.70 USD. The Woodies CCI indicates that the market is in a neutral state while the Price Oscillator (PPO) remains flat, suggesting little volatility and no clear trend.

The Mantle price stood at $0.6976, representing a 2% decrease in the last 24 hours, as it also failed to post gains. The trading volume has also seen a 19% drop within the same period to $154 million.

MNT 2-hour chart | Source: TradingView

Worldcoin Price Review

Lastly, looking at 2-hour WLD/USDT charts, we also notice the price is around 2.79 USD, with the SuperTrend indicator suggesting a bullish market as the Worldcoin price stood above the SuperTrend line. However, the Ultimate Oscillator (UO) has decreased slightly, which could signal a decrease in buying pressure on the token.

The Worldcoin price stood at $2.79, representing a 1% increase in the last 24 hours, to emerge as the only gainer in our list today. The trading volume has also seen a 55% pump within the same period to $135 million.