Daily Price Review: ETH, TAO, NEO, HNT, OM

Bulls are still dormant in today’s session, as evidenced by the increasing global market cap. The total cap stood at $2.64T as of press time, representing a 2% pump over the last 24 hours, while the trading volume also jumped by 2.9% to $92.92B.

Ethereum Price Review

Ethereum is in a consolidation period, as evidenced by today’s movements.prices fluctuate between the upper and lower bands, suggesting a somewhat volatile sideways market. The Ethereum price recently touched and rebounded off the lower Bollinger Band and is now closer to the middle band (also the 20-period SMA), indicating potential indecision among traders.

On the other hand, the Average Directional Index (ADX is at 23.26, which is near the threshold of 25 which typically indicates a strong trend. As of press time, the Ethereum price stood at $3,502, representing a 0.04% dump from its previous 24-hour price.

1-hour ETH/USD Chart | Source: TradingView

Bittensor Price Review

Bittensor (TAO) is among today’s top gainers as the altcoin posts notable gains. Looking at an in-depth analysis, we see the Ichimoku Cloud with a recent upward trend as the price is above the cloud, suggesting bullish momentum.

On the other hand, the Woodies CCI is showing significant volatility with spikes above and below the zero line, indicating fluctuating momentum. The Bittensor price was $636.56, representing a 14.6% pump from its previous 24-hour price.

1-hour TAO/USDT Chart | Source: TradingView

NEO Price Review

However, NEO (NEO) emerged among the top gainers in today’s session, as the altcoin posted notable gains. A deep analysis of the NEO price chart displays the Ichimoku Cloud with a recent upward trend, as the price is above the cloud, suggesting bullish momentum.

On the other hand, the Woodies CCI is showing significant volatility with spikes above and below the zero line, indicating fluctuating momentum. The NEO price was $21.59 during writing, representing a 12% pump from its previous 24-hour price.

1-hour NEO/USDT Chart | Source: TradingView

Helium Price Review

Helium (HNT) is among the top gainers today, posting notable gains. Analyzing Helium charts, we notice a Rising Wedge pattern, which is typically considered a bearish pattern. This suggests that there could be a potential downside reversal soon.

Conversely, the RSI is near the middle but trending downwards, which might indicate weakening buying momentum. The Helium price was $6.05 during writing, representing a 4.6% pump from its previous 24-hour price.

1-hour HNT/USDT Chart | Source: TradingView

Mantra DAO Price Review

Mantra DAO (OM) is among today’s gainers, and the altcoin also posted some notable gains. Looking at a deeper analysis, The Supertrend indicator is green and below the price, signaling a bullish trend in the near term.

On the other hand, the Awesome Oscillator (AO) is showing smaller green bars following a larger red bar, suggesting a potential shift in momentum to the upside. The Mantra DAO price was $0.9933 during writing, representing a 12.1% pump from its previous 24-hour price.

1-hour OM/USDT Chart | Source: TradingView

Source