Daily Market Revie: BTC, ETH, HNT, KAS, ICP

Bears still have the upper hand in todays market session as evidenced by the decrease in the global market cap. The total cap stood at $2.33, representing a 2,17% decrease over the last 24 hours while the worldwide trading volume jumped by 2,67% during the same period to stand at $49.01B.

Bitcoin Price

Review

However, Bitcoin (BTC) has fallen prey to todays session as evidenced by its price movements. Looking at an in-depth analysis, we notice the Bollinger Bands where the price consistently touches or breaks through the lower band. The widening of the Bollinger Bands from around mid-April indicates increasing volatility.

On the other hand, gauging momentum, we see the Average Directional Index (ADX) is above 25, which generally signifies a strong trend, in this case, a strong downtrend. As of press time, the Bitcoin price stood at $62,514, representing a 2% decrease from its previous 24-hour price.

4-hour BTC/USD Chart | Source: TradingView

Ethereum Price

Review

Ethereum (ETH) has fallen prey to todays bear wave, as evidenced by its lack of favourable price movements. Looking at an in-depth analysis we see that the Alligator indicator suggests that the market is not trending as the lines are intertwined and primarily flat, indicating a range-bound market. The MACD line is below the signal line and close to zero, indicating weak momentum.

On the other hand, there appears to be moderate as the Bollinger Bands are neither too narrow nor too broad. As of press time, the

price stood at $3,178, representing a 4.3% decrease from its previous 24-hour price.

4-hour ETH/USD Chart | Source: TradingView

Helium Price

Review

Helium (HNT) has defied the bear odds to emerge among the few gainers in todays session. Looking at Helium price charts, we see that according to the SuperTrend indicator, the trend was bearish (as shown by the red area above the price bars) until recently, when it turned bullish (green area below the price bars).

On the other hand, in gauging momentum, we see that the Awesome Oscillator is above zero, and green indicates bullish momentum. As of press time, the Helium price stood at $5.1, representing a 9.9% increase from its previous 24-hour price.

4-hour HNT/USD Chart | Source: TradingView

Kaspa Price

Review

Despite the general downtrend, Kaspa (KAS) also gained in today‘s session. However, looking at Kaspa price charts, we see that the Ichimoku Cloud shows mixed signals, with the price moving in and out of the cloud, indicating a lack of a strong trend. In this case, this suggests the token’s uptrend is relatively weak.

On the other hand, looking at other indicators, we see the Money Flow Index (MFI) is neither overbought nor oversold, suggesting no clear momentum. Its southern trajectory could, however, suggest building bearishness. The cloud is thickening, which could hint at potential upcoming fluctuations. As of press time, the Kaspa price stood at $0.1126, representing a 1.1% increase from its previous 24-hour price.

4-hour KAS/USDT Chart | Source: TradingView

Internet Computer Price Review

Internet Computer (ICP) wraps up our list today. It also failed to beat the bear wave, as it was unable to post gains. Analysing Internet Computer price charts, we see that the Auto Pitchfork shows a downtrend, with the price trading within the lower half of the pitchfork, which is bearish.

On the other hand, looking at momentum indicators, we see that the Volume Oscillator is slightly above zero, suggesting a small amount of bullish volume coming in, but not significant. During the writing, the Internet Computer price stood at $13.39, representing a 3,2% decrease from its previous 24-hour price.

4-hour ICP/USDT Chart | Source: TradingView