Market Wrap: BTC Fails to Post Gains as HNT, AKT, and TAO Rally

The bulls are in total control in today's session, as seen from the increase in the global market cap. The total cap stood at $2.26T as of press time

Crypto prices showed mixed performance on Monday evening, as some coins enjoyed gains while others posted losses.

Bitcoin price dropped further on Monday, continuing the losses seen over the last few days. At press time, the world’s largest cryptocurrency was trading at $62,956, down 1.69% over the last 24 hours. The apex coin has failed to post gains over the last seven days, and is down 2.05% over the week.

Bitcoin price showed limited volatility on Monday, as seen from the Bollinger Bands, which were converging. The Relative Strength Index (RSI) was also seen moving toward the lower band, suggesting a potential oversold condition or a period of low volatility. If the price bounces off the lower band and moves upward, it might indicate a bullish reversal. A break below the lower band could suggest a continuation of the bearish trend.

On the other hand, the Money Flow Index (MFI) was around 41, indicating neither an overbought nor oversold condition. However, it was moving downward, hinting at increasing selling pressure. If it falls below 20, it would confirm an oversold condition, potentially signaling a reversal.

イーサリアム価格も月曜日のセッションでは上昇せず、価格動向からも明らかだった。詳しく見ていくと、アリゲーター指標は収束しており、市場の統合または優柔不断な期間を示唆している。明確なクロスオーバー（リップス、ティース、ジョー）は、新しいトレンドの始まりを示唆する可能性がある。

一方、ウッディーズCCIは-99付近で、潜在的な売られすぎ状態を示している。赤と緑のラインがゼロラインに向かって収束していることは、上昇への逆転の可能性を示唆している。イーサリアムは press 時刻で $2,678 で取引され、過去 24 時間で 2.46% 下落した。

イーサリアム価格も月曜日のセッションでは上昇せず、価格動向からも明らかだった。詳しく見ていくと、アリゲーター指標は収束しており、市場の統合または優柔不断な期間を示唆している。明確なクロスオーバー（リップス、ティース、ジョー）は、新しいトレンドの始まりを示唆する可能性がある。

一方、ウッディーズCCIは-99付近で、潜在的な売られすぎ状態を示している。赤と緑のラインがゼロラインに向かって収束していることは、上昇への逆転の可能性を示唆している。イーサリアムは press 時刻で $2,678 で取引され、過去 24 時間で 2.46% 下落した。

Helium price enjoyed gains on Monday evening, as the coin was seen trading at $7.07, up 12.27% over the last 24 hours. The coin has also enjoyed gains over the last seven days, and is up 51.05% over the week.

A closer look at the technical indicators shows that Helium price is hovering around the cloud, indicating a neutral or uncertain trend. The conversion line is close to the baseline, which could signal an upcoming trend change. A break above the cloud could indicate a bullish trend, while a drop below could signal a bearish continuation.

On the other hand, the Volume Oscillator shows a slight increase in volume, which could support a price movement. If this increase in volume continues, it could provide momentum for the price to break out of the current range.

Akash Network price also enjoyed gains on Monday, as the coin was seen trading at $2.99, an increase of 11.96% over the last 24 hours. The coin has also enjoyed gains over the last seven days, and is up 51.05% over the week.

A closer look at the technical indicators shows that Akash Network price is above the supertrend line, indicating a bullish trend. However, if the price drops below the supertrend level at around 2.62, it could signal a trend reversal to bearish.

On the other hand, the Awesome Oscillator (AO) is in the positive territory but showing signs of peaking or divergence, which could indicate a potential slowdown in the bullish momentum.

Bittensor price enjoyed slight gains on Monday evening, as the coin was seen trading at $350.68, an increase of 2.34% over the last 24 hours. The coin has also enjoyed gains over the last seven days, and is up 10.05% over the week.

A closer look at the technical indicators shows that Bittensor price is moving within the upper boundary of the pitchfork channel, suggesting a strong upward trend. A break above the upper line could indicate further bullish momentum, while a move below might suggest consolidation

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