The Bears Are in Control in Today's Session, as Seen from the Decrease in the Global Market Cap

Bitcoin, Ethereum, and other major cryptocurrencies have failed to post gains in today's session

The global crypto market cap has decreased over the last 24 hours, showing a downturn in the market as key crypto assets experience varying price movements.

Bitcoin Price Analysis

Bitcoin has failed to post gains in today’s session, showing a recent downturn in its price movements. Looking at an in-depth analysis, we see that the Bitcoin chart shows a recent downtrend, with price falling below the green Supertrend zone, which signals a bearish trend. The Bitcoin price is below the Supertrend indicator’s resistance level of $63,669, confirming ongoing selling pressure.

From the technical analysis perspective, a recent downtrend is observed in the Bitcoin price movements. As the price fell below the Supertrend indicator (green), it signals a bearish trend. The Awesome Oscillator (AO) also shows red bars, indicating that the momentum is in the bearish phase. The histogram bars have slightly decreased in size but are still negative, suggesting that the bearish momentum may be weakening slightly.

Bitcoin traded at $60,455 at press time, showing a 2.04% decrease over the last 24 hours, while it also experienced a 5.16% loss over the last seven days of price movements.

Bitcoin’s Fear and Greed Index stood at 24.05 – Extreme Fear, as of press time.

Ethereum Price Analysis

Ethereum also experienced downtrend movements in today’s session, showing losses in its price movements over the last 24 hours. Looking at an in-depth analysis, we see that Ethereum has also experienced a downtrend, as shown by the separation of the Alligator’s moving averages, with the green, red, and blue lines indicating a bearish crossover.

The Alligator indicator’s moving averages are diverging on the lower timeframes, showing a downtrend in the Ethereum price movements. The Ethereum price has fallen to $2,345, near the Alligator indicator’s support level at $2,417, with no immediate bullish signs visible.

From the technical analysis perspective, a recent downtrend is observed in the Ethereum price movements. As the price fell below the Alligator indicator (green), it signals a bearish trend. The RSI (Relative Strength Index) is around 26.16, which is in the oversold territory, suggesting that the market could be near a potential rebound or correction.

Ethereum traded at $2,337 at press time, showing a 5.8% decrease over the last 24 hours, while it also experienced a 13.3% loss over the last seven days of price movements.

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Dogecoin Price Analysis

Dogecoin experienced gains in today’s session, showing a bullish trend in its price movements over the last 24 hours. Looking at an in-depth analysis, we see that Dogecoin has recently experienced a downtrend, which is signaled by the Tenkan-sen (red line) crossing below the Kijun-sen (blue line) on the Ichimoku Cloud.

From the technical analysis perspective, a recent downtrend is observed in the Dogecoin price movements. As the Tenkan-sen (red line) fell below the Kijun-sen (blue line) on the Ichimoku Cloud, it signals a bearish trend. The Donchian Channel indicator also shows a bearish trend, as the price is moving within the lower half of the channel.

Dogecoin traded at $0.082 at press time, showing a 5.3% increase over the last 24 hours, while it also experienced a 1.21% loss over the last seven days of price movements.

Shiba Inu Price Analysis

Shiba Inu experienced downtrend movements in today’s session, showing losses in its price movements over the last 24 hours. Looking at an in-depth analysis, we see that Shiba Inu has recently experienced a downtrend, which is signaled by the Tenkan-sen (red line) crossing below the Kijun-sen (blue line) on the Ichimoku Cloud.

From the technical analysis perspective, a recent downtrend is observed in the Shiba Inu price movements. As the Tenkan-sen (red line) fell below the Kijun-sen (blue line) on the Ichimoku Cloud, it signals a bearish trend. The Donchian Channel indicator also shows a bearish trend, as the price is moving within the lower half of the channel.

Shiba Inu traded at $0.000012 at press time, showing a 2.28% decrease over the last 24 hours, while it also experienced a 1.83% loss over the last seven days of price movements.