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BTC, ETH, MOG, DOGE, SHIB

BTC, ETH, MOG, DOGE, SHIB WikiBit 2024-11-06 03:27

The bulls are in control of today’s session, as seen from the increase in the global market cap. The total cap stood at $2.29T as of press time,

|| Source: TradingViewEthereum Price Review

Ethereum, $ETH, has failed to post gains in todays session, as seen from its price movements. Looking at an in-depth analysis, we see that ETH has been in a downtrend, with the Alligator lines in a bearish alignment (green below red and blue). This indicates a strong bearish trend, though recent candles show consolidation around support.

The Money Flow Index (MFI) is at 43.75, indicating a neutral stance. If it moves above 50, buying pressure might return; otherwise, ETH could remain under bearish control. Ethereum traded at $2,436 as of press time, representing a 0.56% decrease over the last 24 hours.

4-hour ETH/| Source: TradingViewMOG Coin Price Review

MOG Coin, $MOG, is also among the gainers in todays session as also seen from its price movements. Looking at an in-depth analysis, we see that MOG is attempting to break out above the Ichimoku Cloud, which may indicate a bullish reversal. The price breaking above the cloud would confirm this trend shift.

On the other hand, the ADX is at 20.86, suggesting a weak trend strength. This may imply the current movement lacks strong momentum. MOG Coin traded at $0.051916 as of press time, representing a 14.46% increase over the last 24 hours.

4-hour MOG/USDT Chart | Source: TradingViewDogecoin Price Review

Dogecoin, $DOGE, is also among the gainers in todays session as also seen from its price movements. Looking at an in-depth analysis, we see that DOGE shows bullish momentum as it trades above the 50-day SMA, and all three moving averages show alignment for a bullish crossover.

On the other hand, we see that the ADX at 19.09 reflects a weak trend. A rise in ADX would indicate strengthening momentum. Dogecoin traded at $0.1685 as of press time, representing a 10.9% increase over the last 24 hours.

4-hour DOGE/| Source: TradingViewShiba Inu Price Review

Shiba Inu, $SHIB, is also among the gainers in todays session as also seen from its price movements. Looking at an in-depth analysis, we see that the Supertrend indicator shows a bullish signal with SHIB trading above the green line, suggesting a potential upward movement.

On the other hand, we see that the ADX at 16.74, the trend strength is weak, which may mean limited momentum in either direction unless there is a breakout. Shiba Inu traded at $0.00001763 as of press time, representing a 5.42% increase over the last 24 hours.

4-hour SHIB/| Source: TradingView

Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

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