BTC, ETH Drop as WIF, FET, and BONK Surge: Market Watch

Bears continue to dominate today's market session, as seen from the drop in the global market cap. The total cap stood at $2.25T as of **press** time

- **Bears** are continuing to **dominate** today’s market session, with the global market cap showing a 4.11% decrease over the last 24 hours. This brings the total cap to **$2.25T as of press time. On the other hand, the trading volume stood at $73.7B** as of the same period, with a 138% pump over the last 24 hours.

• Bitcoin Price Analysis

  • An analysis of Bitcoin (BTC) price movements shows that BTC is among the day’s top losers. A closer look at the Bitcoin price charts shows that the Alligator’s lines (green, red, blue) are converging and heading downwards, indicating a bearish trend. If the BTC price starts to cross above these lines, it may indicate the beginning of an upward trend. On the other hand, the RSI (Relative Strength Index) is at 35.41, which is close to the oversold threshold of 30. This suggests that the price might rebound soon if buying pressure increases. BTC traded at $61,122 as of press time, showing a 1.8% decrease over the last 24 hours.

• Ethereum Price Analysis

  • An analysis of Ethereum (ETH) price movements shows that ETH is another loser in today’s session. A closer look at the Ethereum price charts shows that the Alligator’s lines (green, red, blue) are intertwined and spreading apart downwards, indicating a bearish trend. If the ETH price starts to cross above these lines, it may indicate the beginning of an upward trend. On the other hand, the AO (Awesome Oscillator) shows a series of red bars, indicating bearish momentum. Switching to green bars or a zero-line crossover might suggest a bullish reversal. ETH traded at $61,122 as of press time, showing a 0.09% decrease over the last 24 hours.

• Dogwifhat Price Analysis

  • An analysis of Dogwifhat (WIF) price movements shows that WIF is among the gainers in today’s session. A closer look at the Dogwifhat price charts shows that the supertrend is in red, indicating a bearish trend. The WIF price has recently crossed above the supertrend line, which could indicate a potential trend reversal if sustained. On the other hand, the volume oscillator is slightly negative, suggesting a decline in volume. Increased volume in the green zone could confirm a bullish reversal. WIF traded at $1.89 as of press time, showing a 23.67% increase over the last 24 hours.

• Fetch.ai Price Analysis

  • An analysis of Fetch.ai (FET) price movements shows that FET is another gainer in today’s session. A closer look at the Fetch.ai price charts shows that the Fetch.ai price is above the Ichimoku cloud, indicating a potential bullish trend. The leading span is turning green, reinforcing the bullish signal. On the other hand, the RSI is at 66.70, indicating strong buying momentum but approaching the overbought zone. Fetch.ai traded at $1.89 as of press time, showing a 21% increase over the last 24 hours.

• Bonk Price Analysis

  • An analysis of Bonk (BONK) price movements shows that BONK is another gainer in today’s session. A closer look at the Bonk price charts shows that the Bonk price has broken out of the falling wedge pattern, which is typically a bullish signal. The target level is marked and suggests significant upward price potential. On the other hand, the MFI (Money Flow Index) is at 60.62, indicating healthy buying pressure but not yet overbought. Further upward price movement could see this index rise to overbought levels, potentially indicating a correction. BONK traded at $0.00002255 as of press time, showing a 17.7% increase over the last 24 hours.

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