Bulls are still showing strong momentum in today’s session as the global market cap stands at an impressive $2.5 trillion. This impressive figure is attributed to a 3% increase over the last 24 hours while the global trading volume jumped by 58.9% to 193 million within the same period.
Bitcoin Price Review
Bitcoin (BTC) chart shows a strong uptrend as bulls regain control of the crypto king as indicated by the late green candle sticks. The Bollinger Bands are widening, suggesting increasing volatility as the Bitcoin price moves upwards. The [ccpw id=60415] is currently trading near the upper Bollinger Band, which could indicate that Bitcoin will potentially be overbought in the short term.
The Average Directional Index (ADX) is above 25, suggesting a solid trend. However, the ADX line is now headed back south, which may indicate the trend strength is not increasing. The Bitcoin price stood at $66.9K as of press time, representing a 2.9% pump in the last 24 hours.
Optimism Price Review
Optimism (OP) chart shows with the price moving sharply away from the moving averages. The Alligator indicator is in a bullish formation, with the green, red, and blue lines (jaw, teeth, and lips) nicely fanned out and the Optimism price above all three.
The Money Flow Index is above 70 as it heads for the overbought region, suggesting significant buying pressure. However, overbought conditions may indicate a correction phase soon. The Optimism price stood at $4.51 as of press time, representing a 15.3% pump in the last 24 hours.
Internet Computer Price Review
The Internet Computer (ICP) chart also shows a solid uptrend with the Internet Computer price trading above the green Supertrend line, indicating a bullish phase. The Moving Average Convergence Divergence (MACD) is above the signal line and positive, which is a bullish signal.
The Relative Strength index is in the overbought region but now reverting to a southern trajectory, indicating looming corrections on the token. The Internet Computer price stood at $16.07 as of press time, representing a 19.6% pump in the last 24 hours.
Starknet Price Review
Starknet (STRK) has also managed to post noticeable gains as seen from the charts. The chart shows a strong bullish trend, with Starknet price consistently making higher highs. The Auto Pitchfork tool shows the Starksnet price trading above the upper half of the pitchfork, indicating strong buying pressure.
The MACD is also in the green zone with the histograms increasing in size, asserting the bull dominance on Starknet. The Starknet price stood at $2.26 as of press time, representing a 23.8% pump in the last 24 hours.
Ripple Price Review
[ccpw id=60496] has also managed to post some notable gains as the charts indicate with the latest series of green candle sticks. However, looking at the indicators, the asset could soon be at risk of facing corrections. The Awesome Oscillator (AO), used in gauging trends, is currently headed towards the zero line with red histograms, showing a fading bullish trend.
The ADX, also used in gauging trends, is currently headed south suggesting it holds a value below 25, suggesting a weak bullish trend as bears now kick in. The Ripple price stood at $0.6496 as of press time, representing a 1% drop in the last 24 hours.
