Bitcoin

Ethereum

Cardano

<p>The bulls are still in control in today’s session, as seen from the increase in the global market cap. The total cap stood at $2.15T as of press time, representing a 1.1% increase over the last 24 hours, while the trading volume dropped by 40% over the same period to stand at $138.8B as of press time.</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>, is however correcting in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the Bitcoin price is currently near the lower Bollinger Band, suggesting potential oversold conditions. However, the bands are expanding, indicating increased volatility. A close below the lower band could suggest further downward movement.</p><p>On the other hand, we see that the Awesome Oscillator (AO) shows a series of red bars below the zero line, indicating bearish momentum. Bitcoin traded at $58,330 as of press time, representing a 4.62% decrease over the last 24 hours.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcIsWZk5aVMy1xvfOc4Fgyyk0HXBX7n8qlGJqflwNYGqCZ7sj4eDBQAcR2QbDuEjLenV94jmBHC9UmXUBCuKiUPUSh_00wruSc6Hmvk7W54DCJOHP8Ioi0tw4OGdbuL_PtC9KMMOhh7CwOsgv_Stmzd3QcZ?key&#61;ujKlTLuL5VcIft87TY0JBA" /><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. Looking at an in-depth analysis, we see that the Alligator’s Jaw, Teeth, and Lips are converging, suggesting a period of low volatility or sideways movement. The Ethereum price is trading near the Lips (green line), indicating indecision and lack of strong directional momentum.</p><p>On the other hand, we see that the ADX (Average Directional Index) value is low (15.75), indicating a weak trend. Ethereum traded at $2,548 as of press time, representing a 4.31% decrease over the last 24 hours.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdQqM9od4p1Av79lYshYIwiHBHjjN8ISnqNXkcQPDMdqtLdiyd4pvcIpTVjnagcKVxXmcTXJvn5OrzsVeXnHE_mp05uU507_2huRn2Rh3WRvVkQoh3axXb5H30K-p0_18LzOx8tmbz5IEr0wM7AWAUlW20?key&#61;ujKlTLuL5VcIft87TY0JBA" /><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">Ripple Price Review</h2><p><a href="https://blockchainreporter.net/price-prediction/xrp-price-prediction/" rel="noopener noreferrer nofollow">Ripple, $XRP</a>, has also failed to post gains in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the Ripple price is currently trading below the Supertrend indicator, which is red, indicating a bearish trend. The Supertrend acts as resistance and could continue to push prices lower if the trend remains intact.</p><p>On the other hand, we see that Woodies CCI is deep in the negative territory (-82.11), suggesting the asset is in a strong bearish phase. This aligns with the Supertrend indicator, reinforcing the bearish outlook. Ripple traded at $0.5639 as of press time, representing a 4.8% decrease over the last 24 hours.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcaQpVy-TJMB4TrErS1uPf7oMPvVF_ruQCwbVT_-sWInAgky3HnI0j5e25cWQFnKAJo6yo_rata-8f9TX3deDLvU5z476UKZlNAD1JGCRO7ikmQc-kAQnlwfROGwYtlOCxU8SwYcX1PumntcemMS1n0KB4w?key&#61;ujKlTLuL5VcIft87TY0JBA" /><a href="https://www.tradingview.com/symbols/XRPUSD/" rel="noopener noreferrer nofollow">4-hour XRP/USD Chart | Source: TradingView</a></p><h2 id="header-3">Sui Price Review</h2><p>Sui, $SUI, has also failed to gains in today’s session as also seen from its price movements. Looking at an in-depth analysis, the Sui price is trading within the Ichimoku cloud, indicating uncertainty and potential consolidation. The cloud ahead is thin, suggesting a potential breakout, but the direction is unclear.</p><p>On the other hand, we see that the Woodies CCI has moved into positive territory (4.39), indicating a potential shift in momentum. If this upward momentum continues, it could signal a bullish breakout from the cloud. SUI traded at $0.8974 as of press time, representing a 0.34% decrease over the last 24 hours.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXefXytujll4KaEUgFcF_bNrsyE4_19A8SymLsL5E-T-Auci1yCCUOEPjt0TujNlWWTP11JyKa_tH0lyuyd3It94pMuq2Ub1D44H8RgEaNkRKJpy1mNPYMp02_8wQIYio-ttmpEllpGBuLelWrD3_pufGyXq?key&#61;ujKlTLuL5VcIft87TY0JBA" /><a href="https://www.tradingview.com/symbols/SUIUSDT/" rel="noopener noreferrer nofollow">4-hour SUI/USD Chart | Source: TradingView</a></p><h2 id="header-4">Cardano Price Review</h2><p><a href="https://blockchainreporter.net/cardano-price-prediction-will-cardano-reach-10-in-the-next-bull-run/" rel="noopener noreferrer nofollow">Cardano, $ADA</a>, has also failed to post gains in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the Cardano price is currently trading below the midline of the Pitchfork channel, indicating a bearish bias. The price action suggests potential for further downside if it fails to break back above the midline.</p><p>On the other hand, MFI (Money Flow Index) is at 31.37, near the oversold threshold. This suggests that while there is bearish pressure, the asset could be approaching a reversal or a relief rally in the near term. Cardano traded at $0.3312 as of press time, representing a 5.8% decrease over the last 24 hours.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeotHSJr9XQF8PvjobCtYo_wJZ2XfAT10xWBSuJzxK_3sbchgGw9axTHLcseHKJcu3bVSbYwI320o3mlLee95puqb3izX59ztrZeFC495ypNuhRDOZyZOK7up2NPO1H-atEs80qUrVNYm5LmdEUWdNdvqhq?key&#61;ujKlTLuL5VcIft87TY0JBA" /><a href="https://www.tradingview.com/symbols/ADAUSD/" rel="noopener noreferrer nofollow">4-hour ADA/USD Chart | Source: TradingView</a></p>

Daily Market Review: BTC, ETH, XRP, SUI, ADA

Table of Contents

BlockchainReporter

Other articles published on Aug 12, 2024

Tyler Winklevoss Endorses Privacy Altcoins

Top Meme Coin Presales You Don’t Want To Miss As Crypto Markets Surge

Ethereum ETF Inflows Soar—But Is a Massive Crash Around the Corner?

Is It Too Late To Buy PONZIO? Ponzio The Cat Price Soars 45%, But Experts Say This 2.0 SHIB Might...

NetMind.AI and io.net Forge Strategic Alliance to Boost AI and ML Capabilities

Top Crypto Gainers Today Aug 11 – Ankr Network, Astar Network, Dogecoin, PancakeSwap

Join our free newsletter for daily crypto updates!