Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Daily Market Review: BTC, ETH, MNT, RAY, LDO

Daily Market Review: BTC, ETH, MNT, RAY, LDO

CryptoNewsNetCryptoNewsNet2025/01/22 00:44
By:blockchainreporter.net

Bears are in control of today’s session, as seen from the movement of the global market cap. The total cap stood at $3.54T as of press time, representing a 5.15% decrease over the last 24 hours, while the trading volume also dropped by 28.77% over the same period to stand at $395.05B as of press time

Bitcoin Price Review

Bitcoin, $BTC, posted a notable decrease in today’s session, as seen from its price movements. Looking at an in-depth analysis, the price is currently trading near the middle Bollinger Band, suggesting indecision in the market.

The recent breakout above the upper band has retraced slightly, indicating a potential pause in bullish momentum. Volatility remains high, as shown by the recent green volume bar. Bitcoin traded at $102,983 as of press time, representing a 4.79% decrease over the last 24 hours.

Daily Market Review: BTC, ETH, MNT, RAY, LDO image 0
4-hour BTC|USD Chart | Source: TradingView

Ethereum Price Review

Ethereum, $ETH, is also among the losers today as also seen from its price movements. Looking at an in-depth analysis, we see that the Alligator indicator shows mixed signals, with moving averages converging, suggesting a phase of consolidation.

On the other hand, we see that the AO histogram is currently in the red, hinting at waning bullish momentum. Ethereum traded at $3,292 as of press time, representing a 2.33% decrease over the last 24 hours.

Daily Market Review: BTC, ETH, MNT, RAY, LDO image 1
4-hour ETH|USD Chart | Source: TradingView

Mantle Price Review

Mantle, $MNT, is among the day’s top gainers as seen from its price movements. Looking at an in-depth analysis, we see that the Mantle price has rebounded from the $0.95 level and is approaching the 50 SMA ($1.07), which may act as initial resistance.

On the other hand, we see that the ADX is at 25.75, indicating a potential start of a trend if the price breaks above $1.16 (100 SMA). Mantle traded at $1.06 as of press time, representing a 8.15% increase over the last 24 hours.

Daily Market Review: BTC, ETH, MNT, RAY, LDO image 2
4-hour MNT|USD Chart | Source: TradingView

Raydium Price Review

Raydium, $RAY, is also among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that The price is firmly above the Supertrend support at $5.89, confirming bullish momentum.

decreasing volume does not support the upward trend, as seen from the volume oscillator’s southern trajectory. Raydium traded at $7.69 as of press time, representing a 6.66% increase over the last 24 hours.

Daily Market Review: BTC, ETH, MNT, RAY, LDO image 3
4-hour RAY|USDT Chart | Source: TradingView

Lido DAO Price Review

Lido DAO, $LDO, 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 Lido DAO price is trading near the Kumo (cloud), with resistance at $1.79 (Senkou Span A) and support at $1.75 (Senkou Span B).

On the other hand, we see that the ADX at 19.55 indicates weak trending conditions, suggesting range-bound action in the short term. Lido DAO traded at $1.87 as of press time, representing a 5.82% increase over the last 24 hours.

Daily Market Review: BTC, ETH, MNT, RAY, LDO image 4
4-hour LDO|USDT Chart | Source: TradingView
1

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Bitcoin (BTC) Surges to New ATH Amidst Declining Sell-Side Pressure

Bitcoin reaches a new all-time high of $109k after months of consolidation. Analysis reveals diminishing sell-side pressure and signals of potential market volatility, according to Glassnode.

Blockchainnews2025/01/22 22:22

Canaan Inc. Reports December 2024 Bitcoin Mining Updates and FY2025 Financial Outlook

Canaan Inc. reveals its December 2024 bitcoin mining performance and outlines financial projections for FY2025, aiming for significant revenue growth and mining expansion.

Blockchainnews2025/01/22 22:22