The bulls are in control of today’s session, as seen from the increase in the global market cap. The total cap stood at $2.44T as of press time, representing a 8.76% increase over the last 24 hours, while the trading volume jumped by 130% over the same period to stand at $183.71B as of press time.
Bitcoin Price Review
Bitcoin, $BTC, has failed to post gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the recent price action shows a strong upward movement, with candles breaking above the upper Bollinger Band. This suggests a bullish trend, often indicating overbought conditions in the short term.
On the other hand, we see that the AO is showing strong green bars, indicating bullish momentum. This momentum surge aligns with the breakout in price, showing increased buying pressure. Bitcoin traded at $73,488 as of press time, representing a 6.65% decrease over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, 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 Alligator lines have converged and are starting to open up with green candles breaking upwards, which usually indicates a potential bullish trend. The green, red, and blue lines widening indicate a growing trend.
On the other hand, we see that the MFI has moved into the upper half, currently at 65.57, which reflects that buying pressure is increasing but hasn’t reached extreme overbought levels yet. Ethereum traded at $2,614 as of press time, representing a 7.14% increase over the last 24 hours.
Uniswap Price Review
Uniswap, $UNI, 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 UNI shows a recent strong breakout, as evident from the tall green candle that breaks through the upper Alligator line, indicating a bullish signal.
On the other hand, we see that the MFI at 76.39 shows overbought conditions, suggesting that while the breakout is strong, a pullback may occur soon due to profit-taking. Uniswap traded at $8.97 as of press time, representing a 29.16% increase over the last 24 hours.
NEIRO Price Review
NEIRO, $NEIRO, 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 NEIRO has recently crossed above the 50 and 100 moving averages, a bullish sign indicating that buyers are stepping in.
On the other hand, we see that the ADX is at 30.51, suggesting a strengthening trend. A reading above 25 generally confirms the trend’s strength, so there’s momentum supporting this upward movement. NEIRO traded at $0.001679 as of press time, representing a 25.16% increase over the last 24 hours.
Cronos Price Review
Cronos, $CRO, 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 CRO has had a massive bullish candle that pushes it above the Ichimoku Cloud, a positive indicator of a bullish reversal.
The RSI is at 74.84, signaling overbought conditions, suggesting that a short-term pullback could happen before another leg up.
If CRO can hold above the Ichimoku Cloud, this would confirm a bullish outlook. However, the RSI indicates that the current rally might need to consolidate or correct before continuing upwards. Cronos traded at $0.08703 as of press time, representing a 21.82% increase over the last 24 hours.
