Market Update

The current market session continues to favor the bulls, evident from the decline in the global market cap. The total market cap is recorded at $2.31 trillion at present, showing a 2.3% surge over the past 24 hours. Simultaneously, the trading volume stands at $58.02 billion within the same timeframe, marking a significant 58% drop.

Bitcoin Price Analysis

Bitcoin (BTC) emerges as one of the winners in the ongoing session based on its price action. A detailed examination reveals that Bitcoin's price has breached the lower Bollinger Band, signaling heightened volatility and a probable downside potential. The widening of the bands indicates that this volatility may persist.

Conversely, the Awesome Oscillator registers below the zero line with red bars denoting bearish momentum, reinforcing the observed downward momentum in prices. As of the latest update, Bitcoin is valued at $57,772, showcasing a 2.33% increase in the last 24 hours.

Ethereum Price Analysis

Ethereum (ETH) also joins the list of gainers today, reflecting positive price movements. An in-depth evaluation shows that the Alligator lines are entwined, implying a lack of a defined trend. This scenario typically indicates a phase of consolidation or the inception of a new trend.

On a different note, the Money Flow Index hovers around the 50 level, suggesting a neutral momentum state, neither leaning towards being overbought nor oversold. At the current moment, Ethereum is trading at $3,034, recording a 1.9% uptick within the last 24 hours.

Notcoin Price Analysis

Notcoin (NOT) stands out as one of the top gainers today when examining its price movements. A thorough analysis unveils that the Notcoin price is positioned below the cloud, signaling a bearish trend. The red cloud color indicates sustained bearish pressure.

Alternatively, the Money Flow Index is around the 25 level, nearing oversold territory, hinting at a potential short-term rebound. At the latest check, Notcoin is priced at $0.01471, displaying a notable 45.12% surge over the past 24 hours.

Core DAO Price Analysis

Core DAO (DAO) registers gains in today's trading session from its price fluctuations. However, an in-depth scrutiny reveals that the Core DAO price is on a downtrend, characterized by consistently lower peaks and troughs.

Counteractively, the Supertrend indicator signals a sell order (red), indicating a bearish trajectory. Core DAO's current trading value stands at $1.04, marking a 15.3% increase in the past 24 hours.

Akash Network Price Analysis

Akash Network (AKT) also witnesses an upward movement in today's session, as indicated by its price shifts. A comprehensive analysis highlights the triple bottom pattern, which signifies a bullish reversal pattern. Confirmation of the pattern and the initiation of a new uptrend could occur if the price breaches the neckline.

Conversely, the Average Directional Index is positioned around 28.65, reflecting a relatively strong trend without specifying its direction. As of the latest update, Akash Network is valued at $3.82, demonstrating an 11.17% increase in the last 24 hours.