Bears are in control in today’s session, as seen from the drop in the global market cap. The total cap stood at $2,64T as of press time, representing a 0.24% drop over the last 24 hours. On the other hand, the trading volume stood at $81.79 as of press time, representing a 6.9% increase over the same period.
Bitcoin Price Review
Its price movements show that Bitcoin (BTC) is a gainer in today’s session. Looking at an in-depth analysis, we see that the Bitcoin chart shows a solid bullish trend in the recent past, with the price reaching as high as approximately $71,600 before facing some resistance, indicated by the upper Bollinger Band and the subsequent bearish candlesticks. The price is currently testing the 20 SMA (Simple Moving Average) as support, sitting around $70,956. The Bollinger Bands are wide, suggesting high volatility.Â
On the other hand, the MFI (Money Flow Index) is at 55, suggesting a balanced flow of buy and sell pressure. Watch for potential rebounds from the SMA or further corrections if the SMA support fails. As of press time, the Bitcoin price stood at $71,055, representing a 0.21% jump from its previous 24-hour price.
Ethereum Price Review
Ethereum (ETH) is not among the gainers in today’s session, as seen from its price movements. An in-depth analysis shows that Ethereum’s price movement appears more stagnant, oscillating around the $3,792 mark. The chart features the SuperTrend indicator, currently signaling a “sell” as the price is below the $3,889.17 mark.Â
Conversely, the trading activity is confined within a tight range, suggesting consolidation. The CCI (Commodity Channel Index) hovers near the zero line, indicating a lack of directional solid momentum. As of press time, the Ethereum price stood at $3,794, representing a 0.21% jump from its previous 24-hour price.
Filecoin Price Review
Filecoin (FIL) is another gainer in today’s session, as seen from its price movements. An in-depth analysis shows that the Alligator indicator suggests an emerging bullish trend as the lines start to fan out, with the green line (lips) crossing above the others.
On the other hand, the Awesome Oscillator shows green bars increasing in height, supporting the bullish momentum. This setup might attract further buying if the price continues to sustain above the Alligator’s jaws. As of press time, the Filecoin price stood at $6.54, representing a 9.63% jump from its previous 24-hour price.
JamsyCoin Price Review
JasmyCoin Price (JASMY) is also another gainer, as evidenced by its price movements. An in-depth analysis shows that the JasmyCoin chart shows a promising bullish trend, with the price moving above the Ichimoku cloud, which is a bullish sign. The recent pullback is within the boundaries of normal retracement within a bullish context.Â
On the other hand, the MACD histogram is positive but shows a slight decrease in momentum. The lagging span is above the price and cloud, confirming the bullish scenario. If the price stays above the Ichimoku cloud, look for a potential uptrend continuation. As of press time, the JasmyCoin price stood at $0.04323, representing a 10.41% jump from its previous 24-hour price.
Wormhole Price Review
Wormhole (W) is another gainer in today’s session. The Auto Pitchfork tool shows price action moving within an upward channel but facing resistance near $0.72. Woodie’s CCI shows a decrease in momentum, suggesting a possible consolidation or retracement phase.
Given the recent sharp pullback, watch for support around the lower levels of the Pitchfork or a potential rebound from the middle line to re-enter bullish territory. As of press time, the Wormhole price stood at $0.7106, representing a 6% jump from its previous 24-hour price.
