Bulls have an edge on the markets again as seen from the increasing global market cap. The total cap stood at $2.55T as of press time representing a 2% increase over the last 24 hours, while the trading volume dropped by 23% to $129.26B.
Bitcoin Price Review
[ccpw id=60415] is showing bullish momentum as it also posts notable gains in today’s session. BTC charts show a recent uptrend with the price moving above both the 20-period simple moving average (SMA) and the Bollinger Bands (BB). The BB is widening, indicating increased volatility. The Relative Strength Index (RSI) is around 60, which suggests that the asset is neither overbought nor oversold.Â
The Bitcoin price consolidation suggests a period of indecision as bulls strive to take a full grip on the markets. The Bitcoin price stood at $67.4K as of press time, representing a 2.44% dump in the last 24 hours.
Ethereum Price Review
[ccpw id=60480] has also managed to post gains in today’s session. Its chart also indicates an uptrend with the Ethereum price above the Supertrend indicator, which may signal a bullish market condition.Â
On the flip side, the MACD indicator histograms have also maintained movement in the green zone with the histograms now increasing in size asserting bull dominance on ETH. The Ethereum price stood at $3927 as of press time, representing a 2.3% pump in the last 24 hours.
FLOKI Price Review
FLOKI has emerged as today’s top gainer as the meme season shows no signs of slowing down. Looking at FLOKI charts, we notice the asset is experiencing a strong bullish trend as evidenced by the Alligator indicator, with the FLOKI price trading above the lips, teeth, and jaw of the Alligator.
On the other hand, the money flow index is at 69 showing immense buying pressure on the meme coin as it heads for the overbought region. The FLOKI price stood at $0.000183 as of press time, representing a 47.8% pump in the last 24 hours.
THORChain Price Review
THORChain (RUNE) is today’s second top gainer of the day having also posted quite a remarkable surge. The THORChain price chart shows a strong uptrend within an Auto Pitchfork channel, with the THORChain price moving above the upper line of the channel.
The Moving Average Convergence Divergence (MACD) is above the signal line and above zero, which is bullish. The THORChain price stood at $7.67 as of press time, representing a 41.7% pump in the last 24 hours.
Dogwifhat Price Prediction
Dogwifhat (WIF) is the third and last gainer today. Looking at WIF charts, we notice the RSI is at 60 as it heads for the overbought region amid the uptrend. This suggests a bullish short term as there is still time for the meme coin to become overbought.
On the other hand, the ADX is at 34 suggesting the current bullish trend is strong. However, caution of a pullback is advised should the token achieve an overbought condition. The Dogwifhat price stood at $2.05 as of press time, representing a 19% pump in the last 24 hours.
