Bitcoin

Ethereum

Zcash

Algorand

Celestia

<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 $3.23T as of press time, representing a 0.15% increase over the last 24 hours, while the trading volume dropped by 5% over the same period to stand at $224.73B 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 posted minor gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, the price is testing the resistance at $94,105.10. The 50, 100, and 200 Simple Moving Averages (SMA) suggest that the trend has been bearish as the price has been trading below these averages, but a recent uptick suggests a potential reversal.</p><p>On the other hand, The Average Directional Index (ADX) value is 29.71, which indicates a moderate trend strength. The fact that it is below 30 suggests that the trend may not be very strong. Bitcoin traded at $93,384 as of press time, representing a 0.25% increase over the last 24 hours.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcsQb6xz2b_DPxI982MxUIcKCDHWBlRT8qkxiddFISvbwAOnk4ke_KD98cfXQyV8K9U6lVBd8qhr8VHGQDw3w9euwTieymTg4Z4GYB4Fi7lqflBYwLeR6iBc4UK_QlwKsN2LZJw?key&#61;l6dUymEGBFxHHrjGgJKEfw7W" /></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>, has also posted small gains in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the Ethereum price is hovering near the Bollinger Band middle line, indicating some consolidation. The 20 SMA has provided dynamic support recently.</p><p>On the other hand, we see that the Awesome Oscillator shows increasing green bars, suggesting growing bullish momentum. Ethereum traded at $3,421 as of press time, representing a 1.65% increase over the last 24 hours.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcNIseP_HxLWr1wheDCI5yRWDzQaEKBT41KLEiEVScTKjKXdhJF-WDlRWwvzn_mPCIPC8NG3QwnrfD5TkDn4dXTJFGUImzhsmTjZUhEZn8f3DXbnNUKZb-B0JdCk4vcjj7IxRNP_w?key&#61;l6dUymEGBFxHHrjGgJKEfw7W" /></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">Zcash Price Review</h2><p>Zcash, $ZEC, is among the gainers in today’s session as also seen from its price movements. Looking at in-depth analysis, we see that the Zcash price is testing the upper boundary of the Ichimoku cloud, which might act as resistance.</p><p>On the other hand, we see that the Relative Strength Index (RSI) is around 69.09, nearing the overbought territory which suggests caution among buyers. Zcash traded at $56.27 as of press time, representing a 19.9% increase over the last 24 hours.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeZdgIy5qAG2c5cmJULbsYLK20xI3DBjq3zbuto5Jf4vyFphgTmuP2dmpr90SF7oZ5O5bXihPNcoE_uacdSMQzrvo37xY1Bqj0DIwEuFkQrF0sB9onjK0DHyCOwdFDe5pVvqg_jxg?key&#61;l6dUymEGBFxHHrjGgJKEfw7W" /></p><p><a href="https://www.tradingview.com/symbols/ZECUSD/" rel="noopener noreferrer nofollow">4-hour ZEC/USD Chart | Source: TradingView</a></p><h2 id="header-3">Celestia Price Review</h2><p>Celestia, $TIA, is also among the top gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the Alligator indicator shows a bullish trend as the jaw, teeth, and lips are well aligned and the price is trading above them.</p><p>On the other hand, we see that the Volume Oscillator shows little divergence from zero, indicating no significant volume increase to support the current price trend. Celestia traded at $56.27 as of press time, representing an 11.52% increase over the last 24 hours.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeQC3fEwBtds9ZM9D-qlKHbrefJUTFnWdsMGEgQb6yZPZ9YgEzfPI6rkLizaDrXzPM-5bWIIG4qpqTb9N2xnyyS4KezNV1q4z-7R-25cHnKxPDdD_qbVJ2adGc1S8t-HN6K0FDg8g?key&#61;l6dUymEGBFxHHrjGgJKEfw7W" /></p><p><a href="https://www.tradingview.com/symbols/TIAUSDT/" rel="noopener noreferrer nofollow">4-hour TIA/USD Chart | Source: TradingView</a></p><h2 id="header-4">Algorand Price Review</h2><p>Algorand, $ALGO, is also among the top gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the Supertrend indicator is above the price and currently red, indicating a bearish trend.</p><p>On the other hand, we see that the Money Flow Index (MFI) is at 70.93, which is in the slightly overbought region, suggesting that a pullback could occur. Algorand traded at $0.2916 as of press time, representing an 11.73% increase over the last 24 hours.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXebdUTnUZgoIqLzb7fWuVo1USJr0nZA-YcnN2c_R8F0BtWO6e9cy9vJuX3g2qDlr2OBcAxlsMDjEVc5i3vIGUyWAY-wfVjOjKjoKkRhe8MhOqRsaIv4KyFeGGWvM7VRD90oFWdgRQ?key&#61;l6dUymEGBFxHHrjGgJKEfw7W" /></p><p><a href="https://www.tradingview.com/symbols/ALGOUSD/" rel="noopener noreferrer nofollow">4-hour ALGO/USD Chart | Source: TradingView</a></p>

Daily Market Review: BTC, ETH, ZEC, TIA, ALGO

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