Market Session Recap: Bears Take Control

Bitcoin and Ethereum Price Review

Today’s market session has seen a decrease in the global market cap, with Bitcoin and Ethereum both facing consolidations. Bitcoin is trading under $61K, showing a downward trajectory and bearish momentum. Ethereum is also in a downtrend, trading below key moving averages. Despite this, ImmutableX and Core DAO are among the gainers today, showing some positive price movements.

Price Analysis of ImmutableX and Core DAO

ImmutableX (IMX) is trading below the SuperTrend indicator, indicating a bearish outlook. The ADX is high, suggesting a strong downtrend. On the other hand, Core DAO (CORE) has been in a consistent downtrend, with minor recovery attempts within a bearish context. The MACD is below zero, signaling bearish momentum for CORE.

As of press time, ImmutableX price stood at $2.29, representing a 6.08% increase, while Core DAO price stood at $1.7, representing a 4.44% increase from their previous 24-hour prices.

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