Bitcoin

Ethereum

Gnosis

Injective

Akash Network

<p>Today’s market session saw bears in control, as evidenced by the drop in the global market cap. As of press time, the total cap stood at $2.54T, representing a 0.4% decrease over the last 24 hours. On the other hand, the trading volume stood at $52.19B as of press time, representing a 0.3% decrease over the same period.</p><h2 id="header-0">Bitcoin Price Review</h2><p><a href="https://blockchainreporter.net/price-prediction/bitcoin-price-prediction/" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> faces massive corrections today, as seen from its price movements. An in-depth analysis shows that the Awesome Oscillator (AO) shows a deep negative value, confirming bearish momentum. This decline has been abrupt, as shown by the size of the red histogram bars.</p><p>The current price hovers near the lower Bollinger Band, suggesting potential support around $67,600. Resistance might be at the 20-period SMA near $69,400. As of press time, the Bitcoin price stood at $67,746, representing a 2.3% drop from its previous 24-hour price.</p><p><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXeluNZO5IA5W31E4LJLSdYVBQyxtUkpbTqOFguVMptdeY1gyQUhFDSeAToBEgEADFBLg1BhhTBFPb2-a4rMSm4vcCPG6W4L8AR78X3kgy7_XbB2k7VpXf49qGLE1ZDP_UvEyIQc4o0vB5n5YapqkOq0jvt8?key&#61;q2g4luc39dSks0qw7QPfdw" /><a href="https://www.tradingview.com/symbols/BTCUSD/" rel="noopener noreferrer nofollow">4-hour BTC/USD Chart | Source: TradingView</a></p><h2 id="header-1">Ethereum Price Review</h2><p><a href="https://blockchainreporter.net/price-prediction/ethereum-price-prediction/" rel="noopener noreferrer nofollow">Ethereum (ETH)</a> is also correcting in today’s session, as seen from its price movements. An in-depth analysis shows that the CCI is in the oversold region, indicating the potential for a short-term rebound or consolidation, although the trend remains bearish.</p><p>On the other hand, immediate support is around $3,542, with resistance likely near the Alligator’s green line around $3,650. As of press time, the Ethereum price stood at $3,540, representing a 3.5% drop from its previous 24-hour price.</p><p><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXeValLUL67jaa26Xyz5txNh48znEv2DnzL_QOY6qtthPRGurmrTEimydSbHwDmx-VdIIFb4wQgXR3qBolpPv2NknirlXAD-mV9_hEu8A1l3sODpWUNY1_brx_P9y-KdEx1WiJ0VZUaAf9bAyKKrA-Nvi30?key&#61;q2g4luc39dSks0qw7QPfdw" /><a href="https://www.tradingview.com/symbols/ETHUSD/" rel="noopener noreferrer nofollow">4-hour ETH/USD Chart | Source: TradingView</a></p><h2 id="header-2">Akash Price Review</h2><p>Akash (AKT) is another gainer in today’s session, as seen from its price movements. An in-depth analysis shows that Akash Network has shown a significant recent uptick in its last candle. However, the trend is generally bearish, as the price trading below the SuperTrend indicator indicates.</p><p>On the other hand, the RSI has spiked to 63, which reflects increasing bullish momentum in the short term and potentially signals a trend reversal or pullback. As of press time, the Akash price stood at $4.43, representing a 5.9% jump from its previous 24-hour price.</p><p><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfRkoRUphCVVh6ST02xEZMww4-r8474J4l428QplWG8I7Mi__GBg9ffXCtNmekTMYHHPZmJ1wwpCmvo0vVZ8O2W1iqbYhlCg0-6ZqYx1wDGxtTYyYusuo4ClZRnuD2m1bjmRw0SbkOQpP5NJuVDdKYyanRz?key&#61;q2g4luc39dSks0qw7QPfdw" /><a href="https://www.tradingview.com/symbols/AKTUSDT/" rel="noopener noreferrer nofollow">4-hour AKT/USD Chart | Source: TradingView</a></p><h2 id="header-3">Gnosis Price Review</h2><p>Gnosis (GNO) was another gainer in today’s session, as seen from its price movements. An in-depth analysis shows that the MFI is at 78, indicating that the market may be approaching overbought conditions, which could lead to a pullback.</p><p>On the other hand, the support might be at the top boundary of the Ichimoku cloud, around $344, while resistance can be anticipated at the recent high of around $350. As of press time, the Gnosis stood at $349.46, representing an 8.8% jump from its previous 24-hour price.</p><p><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcY6d2p09mPJdMjbu6HL8yVCpwSYu_EKo0dUvH37RiSlUO3lticX5Eo355X-cjHSUxFZQ--T1fvXzUdJuyFLU_GeadLscE61OX-2wByz7ZCEtt71QO5Y4INmlYQ2dwrWHlIcw7grP7jAwk3htKfCvnw1Zs?key&#61;q2g4luc39dSks0qw7QPfdw" /><a href="https://www.tradingview.com/symbols/GNOUSDT/" rel="noopener noreferrer nofollow">4-hour GNO/USD Chart | Source: TradingView</a></p><h2 id="header-4">Injective Price Review</h2><p>Injective (INJ) is another gainer in today’s session, as seen from its price movements. An in-depth analysis shows that Injective price charts show a bullish rebound, with the price increasing within an auto pitchfork, suggesting controlled upward momentum.</p><p>On the other hand, the volume oscillator is negative, which might suggest a lower conviction for the recent price increase. As of press time, the Injective stood at $29.57, representing a 10.2% jump from its previous 24-hour price.</p><p><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXe24N5mrQD3rv3Btx6voarKseHQg3e9iqhTCKBAw8cw11OhhrACFn7d_nlN-96LocFt1UicVz9Sp7eYNiqiWQ9mGV8BL8lc__2ojqNr9gARriSIEhgrwm4ZSUwmy3LwziC3f9-v-fgsxJnnfd5ZGHom34k?key&#61;q2g4luc39dSks0qw7QPfdw" /><a href="https://www.tradingview.com/symbols/INJUSDT/" rel="noopener noreferrer nofollow">4-hour INJ/USD Chart | Source: TradingView</a></p>

Daily Market Review: BTC, ETH, AKT, GNO, INJ

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