The bulls are in control of today’s session, as seen from the increase in the global market cap. The total cap stood at $3T as of press time, representing a 8.86% increase over the last 24 hours, while the trading volume jumped by 35% over the same period to stand at $318.53B 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, we see that shows a strong uptrend, with Bitcoin reaching $88,792.29. The price is well above the 50, 100, and 200 simple moving averages (SMA), indicating sustained bullish momentum. The 50 SMA (yellow) is trending above the 100 SMA (green) and the 200 SMA (blue), reinforcing this trend.
On the other hand, we see that the Money Flow Index (MFI) reading of 85.20 indicates that BTC is in the overbought territory. This could signal potential short-term exhaustion, though the strong uptrend might continue before a correction. Bitcoin traded at $88,899 as of press time, representing a 9.6% increase over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, has also posted gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that ETH is trading at $3,375.47, with price action above the Ichimoku cloud. The recent bullish breakout above the cloud signals strong upward momentum, supported by a rising trend in both the conversion (blue) and baseline (red) lines.
On the other hand, we see that the Awesome Oscillator (AO) displays a strong bullish trend, with multiple consecutive green bars increasing in size, signaling sustained bullish momentum. Ethereum traded at $3,382 as of press time, representing a 7.58% decrease over the last 24 hours.
AIOZ Network Price Review
AIOZ Network, $AIOZ, 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 AIOZ has surged to $0.7943, moving significantly outside the upper Bollinger Band, which often indicates overextension and potential for a pullback or consolidation.
On the other hand, the MFI is at 84.40, which is in the overbought range. This suggests that buying pressure is high but may be due for a pause. AIOZ Network traded at $0.7752 as of press time, representing a 51.65% increase over the last 24 hours.
Cronos Price Review
Cronos, $CRO, is also among the top gainers today as seen from its price movements. Looking at an in-depth analysis, we see that the CRO/USDT chart shows a strong upward trend with candles well above the Alligator lines (blue, red, green). This confirms the bullish momentum, as the lines are spreading apart in alignment with the trend.
On the other hand, we see that the MFI stands at 83.48, indicating overbought conditions, which may lead to consolidation or a pullback. Cronos traded at $0.1938 as of press time, representing a 39.4% increase over the last 24 hours.
Dogecoin Price Review
Dogecoin, $DOGE, is also among the top gainers today as also seen from its price movements. Looking at an in-depth analysis, we see that DOGE is trading at $0.40750, with the Supertrend indicator turning green below the price. This supports the bullish trend, as the price has remained above the Supertrend line at $0.33357.
On the other hand, we see that the Average Directional Index (ADX) is at 67.98, showing strong trend strength, which aligns with the bullish momentum in price action. Dogecoin traded at $0.4262 as of press time, representing a 51.19% increase over the last 24 hours.
