BTC, ETH, FTM, TIA, RUNE
The post BTC, ETH, FTM, TIA, RUNE appeared on BitcoinEthereumNews.com.
The bears are now gaining back control in today’s session, as seen from the decrease in the global market cap. The total cap stood at $2.04T as of press time, representing a 0.15% decrease over the last 24 hours, while the trading volume jumped by 10% over the same period to stand at $61.54B as of press time. Bitcoin Price Review Bitcoin, $BTC, has failed to post gains in today’s session, as seen from its price movements. Looking in-depth analysis, we see that the 50, 100, and 200 SMAs (simple moving averages) show a confluence around the price, which indicates indecision in market direction. The Bitcoin price is currently near the 100 and 200 SMAs, signaling a key resistance point at $58,947. The Relative Strength Index (RSI) is hovering near neutral levels, reflecting a balanced sentiment with neither overbought nor oversold conditions. However, if the price breaks above the 200-SMA, it could indicate a bullish continuation. Bitcoin traded at $58,498 as of press time, representing a 0.57% decrease over the last 24 hours. 4-hour BTC/USD Chart | Source: TradingView Ethereum Price Review Ethereum, $ETH, is among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that Ethereum’s 4-hour chart presents a consolidation within a cloud formation as represented by the Ichimoku Cloud. The Ethereum price is hovering near $2,298, within a weak trendless zone, suggesting a lack of clear directional bias. On the other hand, we see that the RSI is around 29.32, indicating oversold conditions, which could imply a potential upward reversal if buying pressure builds. Ethereum traded at $2,302 as of press time, representing a 0.30% increase over the last 24 hours. 4-hour ETH/USD Chart | Source: TradingView Fantom Price Review Fantom, $FTM, is also among the gainers in…
Filed under: News - @ September 17, 2024 9:26 am