The bulls are still in control in today’s session, as seen from the increase in the global market cap. The total cap stood at $1.94T as of press time, representing a 10.3% increase over the last 24 hours, while the trading volume dropped by 31% over the same period to stand at $185.66B as of press time.
Bitcoin Price Review
Bitcoin, $BTC, is still keeping up its pump in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the Bitcoin price is currently below the middle band, suggesting a bearish trend. The bands are widening, indicating increased volatility.
On the other hand, we see that the Woodies Commodity Channel Index (CCI) is around the -76 level, indicating that BTCUSD is currently in a bearish zone. Bitcoin traded at $56,793.18 as of press time, representing a 1.8% increase over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, is however among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that the Alligator’s mouth is opening downwards, indicating a bearish trend.
On the other hand, we see that the Volume Oscillator is at -20.40%, suggesting lower trading volume in the current period compared to the past. Ethereum traded at $2,507 as of press time, representing a 0.3% decrease over the last 24 hours.
Dogwifhat Price Review
Dogwifhat, $WIF, is also among the gainers in today’s session as seen from its price movements in today’s session. Looking at an in-depth analysis, we see that the Dogwifhat price is currently above the Supertrend line, indicating a bullish trend.
On the other hand, we see that the Average Directional Index (ADX) is at 45.26, indicating a strong trend. Dogwifhat traded at $1.68 as of press time, representing a 18.96% increase over the last 24 hours.
Solana Price Review
Solana, $SOL, is also among the gainers in today’s session as seen from its price movements in today’s session. Looking at an in-depth analysis, we see that the Solana price is moving above the Tenkan-sen (conversion line) and Kijun-sen (base line), indicating a potential bullish trend.
On the other hand the Relative Strength Index (RSI) is at 56.50, suggesting neutral to slight bullish momentum. Solana traded at $152.25 as of press time, representing a 7.5% increase over the last 24 hours.
Jupiter Price Review
Jupiter, $JUP, is also among the gainers in today’s session as seen from its price movements in today’s session. Looking at an in-depth analysis, the Jupiter price is currently within the lower part of the pitchfork channel, indicating a bearish trend.
On the other hand, we see that the ADX is at 34.04, indicating a moderate trend strength. Jupiter traded at $0.8847 as of press time, representing a 6.74% increase over the last 24 hours.
