The bulls are in control of today’s session, as seen from the increase in the global market cap. The total cap stood at $2.6T as of press time, representing a 4.97% increase over the last 24 hours, while the trading volume dropped by 1.61% over the same period to stand at $127.89B as of press time.
Bitcoin Price Review
Bitcoin, $BTC, has posted gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, the chart shows a bullish trend with a series of higher highs and higher lows. The moving averages (50, 100, 200-SMA) are trending upward and have acted as dynamic support levels.
The ADX (Average Directional Index) is around 52.34, indicating a strong trend. The value above 25 typically suggests that the trend has significant strength, either bullish or bearish. Bitcoin traded at $76,409 as of press time, representing a 0.62% increase over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, is also among the gainers in today’s session also seen from its price movements. Looking at an in-depth analysis, we see that Ethereum also displays a bullish trend with recent gains. The Bollinger Bands are expanding, suggesting increased volatility with the price trading towards the upper band, often a sign of strength.
The Awesome Oscillator shows increasing green bars, indicating bullish buying momentum. A rising AO often supports the continuation of the current trend. Ethereum traded at $3,032 as of press time, representing a 4.10% increase over the last 24 hours.
Raydium Price Review
Raydium, $RAY, is among the top gainers in today’s session also seen from its price movements. Looking at an in-depth analysis, we see that Raydium’s chart shows a very strong upward trend, marked by a steep incline in recent sessions. The Ichimoku Cloud is well below the current price, which is a bullish signal.Â
The Money Flow Index (MFI) is extremely high at 87.57, suggesting overbought conditions that could lead to a pullback or consolidation. Raydium traded at $5.67 as of press time, representing a 18.3% increase over the last 24 hours.
Polygon Price Review
Polygon, $MATIC, is among the top gainers in today’s session s also seen from its price movements. Looking at an in-depth analysis, we see that Polygon has begun to show recovery after a period of sideways movement. The price is trending upwards and has moved above the cloud, indicating a potential shift to a bullish phase.
The chart shows a trend reversal confirmed by the Supertrend indicator turning green and moving below the price, suggesting a buy signal. The MFI has exited the overbought territory as it heads south showing bear momentum. Polygon traded at $0.3836 as of press time, representing a 10.72% increase over the last 24 hours.
Beam Price Review
Beam, $BEAM, is also among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis Beam’s price action has shown recent bullish momentum after a period of consolidation. The moving averages are positioned in a way that may support continued upward movement.
The Alligator indicator (composed of three SMAs) shows an alignment that may suggest an uptrend is strengthening. However, the Volume Oscillator is slightly negative, indicating that the recent price increase might not be supported by volume, which could be a cautionary signal. Beam traded at $0.02072 as of press time, representing a 10.05% increase over the last 24 hours.
