The post Daily Market Review: BTC, ETH, GALA, HNT, LDO appeared on BitcoinEthereumNews.com.

The bears are in control in today’s session, as seen from the increase in the global market cap. The total cap stood at $2.11T as of press time, representing a 1.489% increase over the last 24 hours, while the trading volume dropped by 28% over the same period to stand at $39.4 as of press time.  Bitcoin Price Review Bitcoin, $BTC, is not posting gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, the Bitcoin price is trading within the Bollinger Bands, with the upper band at around $60,432 and the lower band at $57,301. The price seems to be attempting to break above the middle band, which is acting as a resistance near $58,867.  On the other hand, we see that the Woodies CCI shows a recent cross above the 100 level, indicating a bullish momentum. However, the price needs to sustain above this level to confirm a strong uptrend. Bitcoin traded at $59,869 as of press time, representing a 0.26% decrease over the last 24 hours. 4-hour BTC/USD Chart | Source: TradingView Ethereum Price Review Ethereum, $ETH, is also not among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that the Supertrend indicator is showing a strong buy signal, with the price well above the indicator line, which is currently at $6.79. This suggests that the current uptrend is strong and likely to continue. On the other hand, we see that the Money Flow Index (MFI)is at 80.73, indicating overbought conditions. This could lead to a potential pullback or consolidation if buying pressure doesn’t sustain. Ethereum traded at $2,644 as of press time, representing a 0.55% decrease over the last 24 hours. 4-hour ETH/USD Chart | Source: TradingView Helium Price Review Helium,…

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Filed under: News - @ August 18, 2024 6:00 pm