Daily Market Review: BTC, ETH, ICP, PEPE, AR

Bears have retaken control of todays session, as seen from the drop in the global market cap. The global market cap stood at $2.24T as of press time, representing a 2.25% drop over the last 24 hours, while the trading volume jumped by 7% to stand at $75B.

Bitcoin Price Review

Bitcoin (BTC) was also another gainer in todays session, as evidenced by its price movements. An in-depth analysis of Bitcoin price charts shows that the current price oscillates around the middle Bollinger band, suggesting moderate volatility.

On the other hand, looking at other indicators, we see that the AO shows a trend transition from negative to positive, indicating a potential change in momentum. As of press time, the Bitcoin price stood at $62,021, a 0.23% increase from its previous 24-hour price.

4-hour BTC/USD Chart | Source: TradingView

Ethereum Price Review

However, Ethereum (ETH) has failed to post gains in todays session as it faces consolidations. An in-depth analysis shows that the Ethereum price is below the Ichimoku cloud, indicating bearish momentum.

On the other hand, the Average Directional Index (ADX) is moderately high, suggesting that the downtrend is well-established. As of press time, the Ethereum price stood at $2,914, a 0.01% decrease from its previous 24-hour price.

4-hour ETH/USD Chart | Source: TradingView

Internet Computer Price Review

Internet Computer (ICP) is among the gainers in todays session, as evidenced by its price movements over the period. Analysing Internet Computer price charts, we see that the Money Flow Index (MFI) is in the middle range, indicating balanced buying and selling pressure.

We notice that the Internet Computer price shows a prolonged downtrend, reflected by prices consistently staying below the moving averages. As of press time, the Internet Computer price stood at $12.02, a 1.3% increase from its previous 24-hour price.

4-hour ICP/USDT Chart | Source: TradingView

Pepe Price Review

Pepe (PEPE) is also having a tremendous session, as evidenced by its price movements today. An in-depth analysis of Pepe price charts shows that The MACD is trending upwards with increasing momentum.

On the other hand, checking market behaviour shows that the meme coin is showing positive momentum. The Pepe price has recently pushed above the Ichimoku Cloud, turning it from resistance to support. As of press time, the Pepe price stood at $0.00001137, a 6.9% increase from its previous 24-hour price.

4-hour PEPE/USDT Chart | Source: TradingView

Arweave Price Review

Arweave (AR) is another gainer in todays session, as seen from its price movements. An in-depth analysis shows that the Arweave price oscillates within a downward pitchfork channel, indicating controlled bearish momentum. The recent activity is near the middle line of the pitchfork.

Conversely, the CCI hovering around the zero line suggests that the market might be neutral. As of press time, the Arweave price stood at $41.2, a 4.7% increase from its previous 24-hour price.

4-hour AR/USDT Chart | Source: TradingView