Daily Market Review: BTC, ETH, MNT, RAY, LDO

Bears are in control of today’s session, as seen from the movement of the global market cap. The total cap stood at $3.54T as of press time, representing a 5.15% decrease over the last 24 hours, while the trading volume also dropped by 28.77% over the same period to stand at $395.05B as of press time

Bitcoin Price Review

Bitcoin, $BTC, posted a notable decrease in today’s session, as seen from its price movements. Looking at an in-depth analysis, the price is currently trading NEAR the middle Bollinger Band, suggesting indecision in the market. 

The recent breakout above the upper band has retraced slightly, indicating a potential pause in bullish momentum. Volatility remains high, as shown by the recent green volume bar. Bitcoin traded at $102,983 as of press time, representing a 4.79% decrease over the last 24 hours.

Ethereum Price Review

Ethereum, $ETH, is also among the losers today as also seen from its price movements. Looking at an in-depth analysis, we see that the Alligator indicator shows mixed signals, with moving averages converging, suggesting a phase of consolidation.

On the other hand, we see that the AO histogram is currently in the red, hinting at waning bullish momentum. Ethereum traded at $3,292 as of press time, representing a 2.33% decrease over the last 24 hours.

Mantle Price Review

Mantle, $MNT, is among the day’s top gainers as seen from its price movements. Looking at an in-depth analysis, we see that the Mantle price has rebounded from the $0.95 level and is approaching the 50 SMA ($1.07), which may act as initial resistance.

On the other hand, we see that the ADX is at 25.75, indicating a potential start of a trend if the price breaks above $1.16 (100 SMA). Mantle traded at $1.06 as of press time, representing a 8.15% increase over the last 24 hours.

Raydium Price Review

Raydium, $RAY, is also among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that The price is firmly above the Supertrend support at $5.89, confirming bullish momentum.

decreasing volume does not support the upward trend, as seen from the volume oscillator’s southern trajectory. Raydium traded at $7.69 as of press time, representing a 6.66% increase over the last 24 hours.

Lido DAO Price Review

Lido DAO, $LDO, is also among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the Lido DAO price is trading near the Kumo (cloud), with resistance at $1.79 (Senkou Span A) and support at $1.75 (Senkou Span B).

On the other hand, we see that the ADX at 19.55 indicates weak trending conditions, suggesting range-bound action in the short term. Lido DAO traded at $1.87 as of press time, representing a 5.82% increase over the last 24 hours.