Daily Market Review: BTC, ETH, NOT, RON, W

Markets have bears on the front foot, as seen from the movements in the global market cap. The total cap stood at $2.53T as of press time, representing a 1% drop over the last 24 hours, representing a 1% drop in the previous 24 hours. The trading volume stood at $62.65B during the same period, representing a 17.2% drop over the last 24 hours.

Bitcoin Price Review

Bitcoin (BTC) is among the gainers in today’s session as it attempts a slight recovery. An in-depth analysis shows that the Bitcoin price moves between the middle and upper Bollinger bands, suggesting a moderately bullish momentum.

On the other hand, the Awesome Oscillator (AO) shows negative values decreasing in magnitude, indicating a potential shift from a bearish to less bearish or neutral sentiment. As of press time, the Bitcoin price stood at $67,687, representing a 0.02% jump from its previous 24-hour price.

4-hour BTC/USD Chart | Source: TradingView

Ethereum Price Review

Ethereum (ETH) also shows slight recovery signs, as seen from its price movements. An in-depth analysis shows that the Ethereum price is between the Alligator’s jaw and teeth, suggesting a phase of balance or no strong trend.

On the other hand, the RSI is near 50, which indicates neither overbought nor oversold conditions, supporting the idea of a balanced, undecided market. As of press time, the Bitcoin price stood at $3,788, representing a 0.01% jump from its previous 24-hour price.

4-hour ETH/USD Chart | Source: TradingView

Notcoin Price Review

Notcoin (NOT) is among the top gainers in today’s session, as seen from its price movements. An in-depth analysis shows that the Notcoin price is above the Supertrend indicator, which turned green, suggesting bullish conditions.

On the other hand, the RSI is at a high value around 90, indicating overbought conditions, which may precede a price correction or consolidation. As of press time, the Notcoin price stood at $0.01945, representing a 58% jump from its previous 24-hour price.

4-hour NOT/USDT Chart | Source: TradingView

Wormhole Price Review

Wormhole (W) is also among the gainers in today’s session. An in-depth analysis shows that the Wormhole price has broken above the cloud, signaling a solid bullish trend. The ADX is rising above 20, indicating a strengthening trend.

On the other hand, the breakout above the Ichimoku cloud and an increasing ADX suggests that a solid bullish trend could continue. As of press time, the Wormhole price stood at $0.6482, representing an 11.2% jump from its previous 24-hour price.

4-hour W/USDT Chart | Source: TradingView

Ronin Price Review

Ronin (RON) is among the gainers in today’s session, as seen from its price movements. An in-depth analysis shows that the Ronin price is moving within the upper half of the pitchfork, indicating a bullish bias in the medium term.

On the other hand, the Volume Oscillator is positive and rising, suggesting increasing buying interest. As of press time, the Ronin price stood at $3.13, representing an 8% jump from its previous 24-hour price.

4-hour RON/USDT Chart | Source: TradingView

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