Bulls have an edge on the markets today as shown by the global market cap which has recorded a 2% increase in the last 24 hours to take the total market cap to 1.65T as of press time. The global trading volume has however dropped by 22% over the same period.
Bitcoin Price Analysis
Bitcoin has recorded a bullish session today with the Bitcoin price standing at $43.1K as of press time representing a 2.1% pump over the last 24 hours. The trading volume has, however, dropped by 19% within the same period to $19.9B as of press time.
An in-depth analysis of 24-hour BTC/USD charts shows that bulls are now gaining control of the BTC markets. This is seen as the Relative Strength Index indicator, (RSI), which now appears to be headed north as it crosses above 50 backing the bullish prospects. The MACD on the other hand is moving in the green zone backing the bull prospects.
Ethereum Price Analysis
Ethereum (ETH) has also managed to post some gains with the Ethereum price standing at $2310 as of press time representing a 2% pump over the last 24 hours. The trading volume has dropped by 23% within the same period to $7.9B as of press time.
Looking at an in-depth analysis of 24-hour ETH/USD charts, we see that bulls have control of Ethereum markets as seen from the MACD, which is currently reverting from the negative region towards the zero line, suggesting fading bearishness on ETH. The RSI is also on a northern trajectory suggesting bullish momentum on the Ethereum price, as it approaches a crossover above 50.
Solana Price Analysis
Solana (SOL) has also managed to post some gains with the Solana price standing at $101.91 as of press time representing a 5.8% pump over the last 24 hours. The trading volume has dropped by 31% within the same period to $2.57B as of press time.
Looking at an in-depth analysis of 24-hour SOL/USD charts, we see that bulls have control of Solana markets as seen from the MACD, which has shifted to the green zone, suggesting bullishness on SOL. The RSI is also on a northern trajectory suggesting bullish momentum on the Solana price, as it crosses above 50.
Ripple Price Analysis
Ripple (XRP) has also managed to post some gains with the Ripple price standing at $0.505 as of press time representing a 2.2% pump over the last 24 hours. The trading volume has dropped by 35% within the same period to $853M as of press time.
Looking at an in-depth analysis of 24-hour XRP/USD charts, we see that bulls have control of Ripple markets as seen from the MACD, which is approaching a shift to the green zero, suggesting fading bearishness on ETH. The RSI is also on a northern trajectory suggesting bullish momentum on the Ripple price, as it approaches a crossover above 50.
Cardano Price Analysis
Cardano (ADA) is our last gainer today with the Cardano price standing at $0.521 as of press time representing a 6% pump over the last 24 hours. The trading volume has dropped by 12% within the same period to $397M as of press time.
Looking at an in-depth analysis of 24-hour ADA/USD charts, we see that bulls have control of Cardano markets as seen from the MACD, which is moving in green zero, suggesting bullishness on ADA. The RSI is also on a northern trajectory suggesting bullish momentum on the Cardano price, as it approaches a crossover above 50.
