The post Daily Market Review: BTC, ETH, MKR, MNT, TAO appeared on BitcoinEthereumNews.com.
The bears are in total control in today’s session, as seen from the decrease in the global market cap. The total cap stood at $3.14T as of press time, representing a 1.14% decrease over the last 24 hours, while the trading volume jumped by 45.52% over the same period to stand at $96.81B as of press time. Bitcoin Price Review Bitcoin, $BTC, has not posted gains in today’s session, as seen from the price movements. Looking at an in-depth, we see that the Alligator indicator shows the moving averages are converging, indicating low volatility. On the other hand, we see that the ADX (18.06) signals weak trend strength, suggesting a lack of strong directional movement. Bitcoin traded at $95,371 as of press time, representing a 0.90% decrease over the last 24 hours. 4-hour BTC/USD Chart | Source: TradingView Ethereum Price Review Ethereum, $ETH, is also not a gainer today as also seen from its price movements. Looking at an in-depth analysis, we see that the upper band at $2,752 and lower band at $2,649 define the short-term range. On the other hand, we see that the AO histogram is neutral with weak momentum, indicating indecisiveness. Ethereum traded at $2,668 as of press time, representing a 0.69% decrease over the last 24 hours. 4-hour ETH/USD Chart | Source: TradingView Maker Price Review Maker, $MKR, is among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that MKR is bullish, making a strong move upward and testing the 200 SMA (~$1,113). The 50 SMA (yellow) crossing above 100 SMA (green) suggests a potential bullish reversal. On the other hand, we see that the Volume Oscillator is slightly negative (-1.12%), showing mixed momentum. Maker traded at $1,094 as of press time, representing a…