Daily Market Review: BTC, ETH, TRX, XAUt, BNB

The bears are in total control in todays session, as seen from the decrease in the global market cap. The total cap stood at $3.15T as of press time, representing a 1.21% decrease over the last 24 hours, while the trading volume jumped by 6.92% over the same period to stand at $127.3B as of press time.

Bitcoin Price Review

Bitcoin, $BTC, has not posted gains in todays session, as seen from its price movements. Looking at an in-depth analysis, we see that the Alligator indicator (red, blue, and green moving averages) suggests a lack of clear direction, as the lines are intertwined, indicating consolidation.

On the other hand, we see that the MFI at 47.08 suggests a neutral momentum, neither overbought nor oversold. Bitcoin traded at $96,939 as of press time, representing a 1.22% decrease over the last 24 hours.

4-hour BTC/USD Chart | Source: TradingView

Ethereum Price Review

Ethereum, $ETH, is also facing a bear wave today as also seen from its price movements. Looking at an in-depth analysis, we see that Ethereum is trading near $2,718, with a recent downward movement. The Ichimoku Cloud is red and expanding, signaling bearish momentum.

On the other hand, we see that the ADX at 36.22 indicates a strong trend but doesnt confirm direction. Ethereum traded at $2,723 as of press time, representing a 3.93% decrease over the last 24 hours.

4-hour ETH/USD Chart | Source: TradingView

Tron Price Review

Tron, $TRX, is among the gainers in todays session as also seen from its price movements. Looking at an in-depth analysis, we see that TRX is currently trading within the lower Bollinger Band, indicating it is near oversold conditions.

On the other hand, we see that the MFI is at 40.43 suggests that buying pressure is relatively low but not completely oversold. Tron traded at $0.2279 as of press time, representing a 0.64% increase over the last 24 hours.

4-hour TRX/USDT Chart | Source: TradingView

Tether Gold Price Review

Tether Gold, $XAUt, is also among the gainers in todays session as also seen from its price movements. Looking at an in-depth analysis, we see that XAUT has been on a strong bullish trend, as indicated by the Supertrend indicator.

On the other hand, we see that the ADX at 62.69 suggests a very strong trend, confirming upward momentum. Tether Gold, traded at $2,882 as of press time, representing a 0.98% increase over the last 24 hours.

4-hour XAUt/USDT Chart | Source: TradingView

Binance Coin Price Review

Binance Coin, $BNB, is also among the gainers in todays session as also seen from its price movements. Looking at an in-depth analysis, we see that BNB recently saw a sharp decline but is now stabilizing around $582. The 50, 100, and 200 SMA lines indicate bearish pressure, with the price trading below these levels.

On the other hand, we see that the Volume Oscillator at -29.94% shows declining volume, meaning a lack of strong buying interest. Binance Coin, traded at $582.82 as of press time, representing a 1.13% increase over the last 24 hours.

4-hour BNB/USDT Chart | Source: TradingView