Daily Market Review: BTC, ETH, JUP, LTC, XMR

Bears are in control of todays session, as seen from the movement of the global market cap. The total cap stood at $3.56T as of press time, representing a 1.74% decrease over the last 24 hours, while the trading volume also dropped by 44% over the same period to stand at $115.01B as of press time

Bitcoin Price Review

Bitcoin, $BTC, posted a notable decrease in todays session, as seen from its price movements. Looking at an in-depth analysis, Bitcoin is trading above the 100 and 200 SMAs but is consolidating around the 50 SMA.Recent price action shows a rejection near $106,000, indicating a potential resistance zone.

On the other hand, looking at other indicators, we see that the Volume Oscillator at -28% suggests declining momentum. Bitcoin traded at $104,388 as of press time, representing a 0.82% decrease over the last 24 hours.

4-hour BTC|USD Chart | Source: TradingView

Ethereum Price Review

Ethereum, $ETH, is also not among the gainers in today‘s session as also seen from its price movements. Looking at an in-depth analysis, we see that Ethereum’s price is in a range-bound pattern, consolidating between $3,200 and $3,400. The Bollinger Bands are tightening, indicating reduced volatility and the likelihood of an imminent breakout.

Looking at other indicators, we see that the AO remains slightly positive but is losing momentum, suggesting indecision. Ethereum traded at $3,287 as of press time, representing a 3.5% decrease over the last 24 hours.

4-hour ETH|USD Chart | Source: TradingView

Jupiter Price Review

Jupiter, $JUP, is among the gainers in today‘s session as also seen from its price movements. Looking at an in-depth analysis, we see that Jupiter experienced a sharp breakout with price piercing above the Alligator’s mouth (trend confirmation). The Alligator lines are opening upwards, indicating a strong upward trend.

On the other hand, we see that the MFI is at 76, signaling overbought conditions. Jupiter traded at $0.9415 as of press time, representing a 10.6% increase over the last 24 hours.

4-hour JUP|USD Chart | Source: TradingView

Litecoin Price Review

Litecoin, $LTC, is also among the gainers in todays session as also seen from its price movements. Looking at an in-depth analysis, we see that Litecoin is trading near the lower boundary of the Ichimoku Cloud, suggesting potential support but weak bullish momentum.

On the other hand, we see that the ADX is at 13.80 indicates a weak trend, reflecting the range-bound price action. Litecoin traded at $121.29 as of press time, representing a 2.96% increase over the last 24 hours.

4-hour LTC|USD Chart | Source: TradingView

Monero Price Review

Monero, $XMR, 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 Monero’s price is above the Supertrend support at $204, suggesting bullish bias.

On the other hand, we see that the RSI at 54.51 indicates neutral momentum but leaning towards bullish territory. Monero traded at $221.23 as of press time, representing a 1.83% increase over the last 24 hours.

4-hour XMR|USD Chart | Source: TradingView