Daily Market Review: BTC, ETH, WIF, PEPE, JUP

As seen from the global market cap, markets are still dominated by bulls, which has seen a 0.31% increase in the last 24 hours as it stood at $2.77T as of press time, while the trading volume dropped by 13% within the same period to 137.9B.

Bitcoin Price Review

still shows bull dominance as the crypto king holds above $73K. The Bitcoin price is trading near the upper Bollinger Band, which often indicates an asset that could be considered overbought or at the high end of its recent price range.

The Relative Strength Index (RSI) is around 68, just below the overbought threshold of 70. This could signal caution for buyers as it’s approaching a level where some traders might expect a pullback or consolidation. The Bitcoin price stood at $73.3K as of press time, representing a 0.52% increase in the last 24 hours.

Ethereum Price Review

However,

is shocking everyone as it fails to post gains as anticipated amid the Dencun upgrade. Looking at the Alligator Indicator, we notice the lines are intertwined and moving sideways, indicating a lack of a clear trend and a possible consolidation phase on the Ethereum price.

The Money Flow Index (MFI) is 34.30, in the lower half of the range but not yet in the oversold area (below 20). It suggests there is no significant selling or buying pressure at the moment. The Ethereum price stood at $3873 as of press time, representing a 1.8% decrease in the last 24 hours.

Dogwifhat Price Review

Dogwifhat (WIF) is today’s top gainer as the Solana meme coin continues its impressive run. Analyzing 4-hour WIF charts, we notice that the Dogwifhat price is above the SuperTrend line, suggesting an uptrend.

On the other hand, the Average Directional Index (ADX) is above 30, indicating that the current trend is strong. The uptrend will continue as long as the ADX remains at this level. The Dogwifhat price stood at $3.11 as of press time, representing a 32% pump over the last day. 

Pepe Price Review

Pepe (PEPE), yet another meme coin, is today’s second top gainer. Analyzing the meme coin’s charts,  We see the Pepe price is currently in the upper half of the pitchfork, which suggests an uptrend within this predictive model.

Additionally, looking at the volume oscillator, we notice a notable increase in the volume oscillator, indicating rising trading volume, which could be a sign of increased interest or momentum. The Pepe price stood at $0.00001049 as of press time, representing a 12.9% pump over the last day. 

Jupiter Price Review

Jupiter (JUP) is the third top gainer of the day, as per CoinMarketCap stats. Woodie’s CCI shows that Jupiter’s price is neutral, not indicating overbought or oversold conditions. The Woodies CCI lines are also converging, showing that the current bullish trend is losing momentum.

On the flip side, the volume oscillator shows a slight increase but nothing significant, suggesting a steady level of trading volume without major changes in trader interest. The Jupiter price stood at $0.9549 as of press time, representing a 16.8% pump in the last 24 hours.