Markets are still experiencing slight bull activity today, with the global market cap sitting 4.92% above its previous 24-hour mark, and the total cap stands at $3.65T as of press time. The global trading volume is 20% down in 24 hours, at $219.56B as of press time.
Bitcoin Price Analysis
Bitcoin (BTC), is facing bull activity, as the Bitcoin price stood at $100.9K as of press time after recording a daily increase of 2.69%. Looking at an in-depth analysis, we see that the Bitcoin price action is consolidating after a recent upward move, suggesting indecision in the market.
On the other hand, we see that the ADX is at 15.82, reflecting a weak trend; this implies potential sideways movement unless new momentum builds. Bitcoin traded at $100,911 as of press time, representing a 2.67% increase over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, is also among the gainers in today’s session as also seen from its price movements. Looking at in-depth analysis, we see that the Alligator lines are aligned bullishly, with the price trading above the green (lips), red (teeth), and blue (jaw) lines, suggesting an uptrend.
On the other hand, we see that the MFI at 61.61 indicates that buying pressure is strong but not yet overbought. Ethereum traded at $3,917 as of press time, representing a 5.96% increase over the last 24 hours.
Sui Price Review
Sui, $SUI, is also among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the Sui price has surged significantly above the 50-day moving average, signaling strong bullish momentum.
The 100 and 200-day MAs are trending upward, confirming longer-term bullish sentiment.
On the other hand, we see that the MFI at 65.91 is approaching overbought territory, suggesting a possible short-term pullback. Sui traded at $4.80 as of press time, representing a 29.21% increase over the last 24 hours.
Aave Price Review
Aave, $AAVE, is also among the gainers in today’s session as seen from the price movements. Looking at an in-depth analysis, we see that the Supertrend is in a bullish phase (green zone), with the price trading well above the indicator line.
On the other hand, we see that the Volume Oscillator shows a slight decrease, indicating reduced trading activity during this rally. Aave traded at $355.31 as of press time, representing a 29.00% increase over the last 24 hours.
Chainlink Price Review
Chainlink, $LINK, is also among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that the Chainlink price is trading above the Ichimoku Cloud, indicating a strong uptrend.
On the other hand, we see that the Conversion Line (Tenkan-Sen) and Base Line (Kijun-Sen) are bullishly crossed. The ADX at 25.47 shows a moderately strong trend, suggesting further bullish potential. Chainlink traded at $28.68 as of press time, representing a 25.98% increase over the last 24 hours.
