Bears are dormant in today’s session, as evidenced by their price movements. The global market cap stood at $2.56T as of press time, representing a 0.15% decrease over the last 24 hours. The trading volume jumped 8% during the same period to $77.5B.
Bitcoin Price Review
After a tremendous session today, Bitcoin (BTC) is back above $70K. An in-depth analysis shows that the Bitcoin price recently made a strong upward move, pushing through the upper Bollinger Band, indicating a breakout that suggests a continuation of bullish momentum.Â
On the other hand, the RSI is currently at 70.76, which is well into overbought territory. This is often a sign of solid buying pressure but also a potential for a pullback or consolidation as traders might take profits. As of press time, the Bitcoin price stood at $70,936, a 2.3% increase from its previous 24-hour price.
Ethereum Price Review
Ethereum (ETH) is also among the top gainers in today’s session, as evidenced by its price movements. An in-depth analysis shows that the Ethereum price is above the Super trend indicator, indicating a strong bullish signal. The Woodies CCI is high, suggesting momentum is currently strongly positive.
The movement above the Cloud suggests a bullish solid phase. The high CCI warns of potential overbought conditions, so a short-term correction could likely be needed before resuming the uptrend. As of press time, the Ethereum price stood at $3,822, a 1.09% increase from its previous 24-hour price.
Filecoin Price Review
Filecoin (FIL) is among the top gainers in today’s session, as evidenced by its price movements. Looking at an in-depth analysis, we see that the Ichimoku Cloud shows Filecoin experiencing a significant bullish spike, breaching the upper boundary of the Cloud, which typically signals a bullish trend reversal or upward solid momentum.
Conversely, the ADX line is rising on the flip side, indicating increasing trend strength. As of press time, the Lido DAO price stood at $2.29, a 32.3% increase from its previous 24-hour price.
Internet Computer Price Review
Internet Computer (ICP) is another participant in today’s session, as evidenced by its price movements. Looking at an in-depth analysis, we see that Internet Computer’s chart with the Alligator Indicator displays a recent uptrend with prices moving above all three Alligator lines (Jaw, Teeth, and Lips), indicating a bullish phase.
On the other hand, the Awesome Oscillator shows green bars, supporting the bullish momentum. As of press time, the Internet Computer price stood at $12.26, a 1.8% increase from its previous 24-hour price.
IOTA Price Review
IOTA (IOTA) is also among the top gainers in today’s session, as evidenced by its price movements. An in-depth analysis shows that the IOTA price is near the top of a recent uptick within a descending pitchfork.
On the other hand, the volume oscillator shows increasing volume on the up moves, suggesting buying interest. The proximity to the upper boundary of the pitchfork may lead to resistance and potential pullbacks. As of press time, the IOTA price stood at $0.2295, a 5.8% increase from its previous 24-hour price.
