In today's crypto market, bears are in control as indicated by the decrease in the global market cap of cryptocurrencies and the trading volume. Bitcoin has experienced a notable decrease and is currently trading below the 50 EMA and 100 EMA, suggesting bearish momentum. However, the oversold region on the Money Flow Index may indicate a potential reversal or relief bounce. Ethereum is also experiencing a decline and is trading within a Bollinger Band squeeze, with the Awesome Oscillator confirming bearish momentum. Jupiter and AIOZ Network are among the few gainers, with Jupiter showing a bullish crossover on the Alligator indicator but weakening momentum on the ADX. AIOZ Network is approaching overbought territory according to the MFI. Mantra has experienced a breakout above resistance but has seen a slight decline in volume.
Content Editor ( blockchainreporter.net )
- 2025-01-27
Daily Market Review: BTC, ETH, JUP, AIOZ, OM
