The post Daily Market Review: BTC, ETH, BONK, RNDR, XEC appeared on BitcoinEthereumNews.com.

Today’s market session has seen bulls loose out to bears as evidenced by the drop in the global market cap. The total cap stood at $2.43T as of press time, representing a 0.24% drop over the last 24 hours while the trading volume stood a $47.15B, a 28.5% decrease over the last 24 hours.  Bitcoin Price Review Bitcoin (BTC) is facing consolidations after its recent pump, evidenced by its price movements. Looking at an in-depth analysis, we see that the Bitcoin price is trading near the upper band, indicating a potential overbought condition. The bands are widening, suggesting increased volatility. On the other hand, the RSI (Relative Strength Index): RSI is at 65.19, approaching the overbought territory (>70). This indicates that the buying pressure is high but might be nearing an overbought condition. As of press time, the Bitcoin price stood at $67,031, a 0.12% increase from its previous 24-hour price. 4-hour BTC/USD Chart | Source: TradingView Ethereum Price Review Ethereum (ETH) is now correcting slightly after its recent pump as evidenced by its price movements in today’s session. Looking at an in-depth analysis, we see that the green, red, and blue lines of the Alligator indicator are in a bullish alignment with the green line above the red and blue lines, indicating a continuing uptrend. On the other hand, the Woodies CCI is at 15.25, which is in the neutral zone. A value above 100 would indicate an overbought condition, while below -100 would indicate an oversold condition. As of press time, the Ethereum price stood at $3,103, a 0.49% decrease from its previous 24-hour price. 4-hour ETH/USD Chart | Source: TradingView Bonk Price Review Bonk (BONK) is today’s top gainer as evidenced by its price movements in today’s session. Looking at an in-depth analysis we see that the…

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Filed under: News - @ May 19, 2024 11:20 pm