Bitcoin

Stellar

Ethereum

Decentraland

The Sandbox

<p>The bulls are in control of today’s session, as seen from the increase in the global market cap. The total cap stood at $3.38T as of press time, representing a 3.38% increase over the last 24 hours, while the trading volume dropped by 9.32% over the same period to stand at $200.91B as of press time.</p><h2 id="header-0">Bitcoin Price Review</h2><p><a href="https://blockchainreporter.net/wp-content/uploads/2023/12/bitcoin-dollar-usd.webp" rel="noopener noreferrer nofollow">Bitcoin, $BTC</a>, has failed to post gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, the Bitcoin price is testing the upper Bollinger Band, which often acts as resistance. A failure to break above might lead to a price retraction towards the middle or lower band.</p><p>On the other hand, we see that Awesome Oscillator (AO) is showing green bars decreasing in height, which could suggest that the bullish momentum is waning. Bitcoin traded at $98,396 as of press time, representing a 0.09% decrease over the last 24 hours.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcMilMCPc49lZPAHByGQg_q8drk66Brue-HJ4RD6I8Ri-mpWDFhI4lhTS1-L3MW95DE-OAV3N019Xp0_XEzKzMGh8UxQl5gysCLKDBCrAjvWaXErdPpQ15_rbqqObFwOHxlchZ8?key&#61;Td12hPEpmTmIo1kNY_WBnBHc" /></p><p><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/ethereum-price-predictions-2023-2031/" rel="noopener noreferrer nofollow">Ethereum, $ETH,</a> is 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 above all key moving averages (50, 100, and 200 SMA), indicating a strong bullish trend in the medium term.</p><p>Looking at other indicators, we see that Money Flow Index (MFI), the MFI is also above 60, supporting the presence of strong buying pressure. Ethereum traded at $3,415 as of press time, representing a 0.49% increase over the last 24 hours.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdt5JgBt0EmxdbrmbJ---EcM4nBXigRb4TnsK3WXgjP7nEzBTXfnbKIgHPYqF87I2T2L1YnCUsZ0yIsLA9AfaZqMFl7HR41ZhumQ_sJlpZstLxLvkFCcYcLS9dREZM1V2mPeVLHxA?key&#61;Td12hPEpmTmIo1kNY_WBnBHc" /></p><p><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">The Sandbox Price Review</h2><p>The Sandbox, $SAND, 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 the Sandbox price has broken above the Ichimoku Cloud, indicating a bullish reversal in trend.</p><p>On the other hand, we see that the ADX (Average Directional Index) is above 50, suggesting a very strong trend currently in place. Sandbox traded at $0.6278 as of press time, representing a 58.76% increase over the last 24 hours.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXer4dCLNpocrD-VXyZQ1v6KQpXKADT02yJxW-jmrYIRojCLrZc981gLnWqc5wjyRU_Guvyn3Ty6l-q3teQ-BNG8nlEdlPUGTGmkm7gjjxq912FC9qvDgxCS5Z00RlGEfmRtiVYs?key&#61;Td12hPEpmTmIo1kNY_WBnBHc" /></p><p><a href="https://www.tradingview.com/symbols/STXUSDT/" rel="noopener noreferrer nofollow">4-hour STX/USDT Chart | Source: TradingView</a></p><h2 id="header-3">Decentraland Price Review</h2><p>Decentraland, $MANA, 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 the Decentraland price is above the Supertrend line, signaling a bullish market condition.</p><p>On the other hand, we see that the MFI is high (above 90), which may indicate overbought conditions that could lead to a potential price pullback or consolidation. Decentraland traded at $0.6961 as of press time, representing a 42.11% increase over the last 24 hours.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeUqjzjgqSnz38trcDbOf2vEiiOqjbaYHLREpTRnMDqI4_x6JSXwlE8AO46Uzj2lzmWtISKm0m2v7YO8mdZCOpHrg1CxIftX8DUNVhljG441K_tWjmk5w4oct-TWDaa97Do8avE?key&#61;Td12hPEpmTmIo1kNY_WBnBHc" /></p><p><a href="https://www.tradingview.com/symbols/MANAUSDT/" rel="noopener noreferrer nofollow">4-hour MANA/USDT Chart | Source: TradingView</a></p><h2 id="header-4">Stellar Price Review</h2><p>Stellar, $XLM, 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 the jaws, teeth, and lips of the Alligator are wide open and aligned properly, signaling a strong bullish trend.</p><p>On the other hand, we see that the MFI is near 92 also signals that the market might be approaching overbought territory, potentially leading to a pullback. Stellar traded at $0.5723 as of press time, representing a 27.00% increase over the last 24 hours.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdK8R-NcaUsXm1OE7cdEgyv-wamB670XinWorLiv39qP62ykMZKOaqGEof2BTrV6oQ2DK-0gxhNhLONsfgqybZdNSfLrEDUpfhady1CDPhpnbfl9Zt-KUUjsvgI00TcfosOA3cbpg?key&#61;Td12hPEpmTmIo1kNY_WBnBHc" /></p><p><a href="https://www.tradingview.com/symbols/XLMUSD/" rel="noopener noreferrer nofollow">4-hour XLM/USDT Chart | Source: TradingView</a></p>

Daily Market Review: BTC, ETH, SAND, MANA, XLM

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