Today’s market session has seen bulls on the front foot, as seen from its price movements. The total market cap stood at $2.228T as of press time, representing a 0.8% increase over the last 24 hours, while the trading volume stood at $63.2B as of press time, representing a 9.03%.
Bitcoin Price Review
Its price movements show that Bitcoin (BTC) is a gainer in today’s session. In-depth analysis shows that the Bitcoin price seems to be consolidating with lower highs and higher lows, indicating indecision but typically resolving in the prior trend.
On the other hand, the Relative Strength Index is around 46, indicating neither overbought nor oversold conditions, suggesting some stability in the current price. As of press time, Bitcoin traded at $61,521, representing a 1.39% increase over the last 24 hours.
Ethereum Price Review
Ethereum (ETH) is also a gainer in today’s session, as seen from its price movements. An in-depth analysis shows a rising wedge, which is considered a bearish pattern. The Ethereum price is making higher highs and higher lows, which converge, suggesting tightening price action.
On the other hand, the Average Directional Index is around 24.36, indicating weak trend strength, which might suggest that the breakout could be less aggressive. Ethereum traded at $3,444 as of press time, representing a 2.19% increase over the last 24 hours.
Akash Network Price Review
Akash Network (AKT) is among the gainers in today’s session, as evidenced by its price movements. An in-depth analysis shows that Akash Network’s price has recently broken above the middle Bollinger Band, indicating increasing volatility and a potential shift in momentum to the upside.
On the other hand, Looking at other indicators, we see that the Woodies CCI is in positive territory, suggesting bullish momentum. Akash Network traded at $3.7 as of press time, representing a 17.17% increase over the last 24 hours.
Ethereum Name Service Price Review
Ethereum Name Service (ENS) is also another top gainer today. After an in-depth analysis, we see that the ENS price has just broken above the Ichimoku cloud, indicating a potential trend reversal from bearish to bullish. The recent candlesticks above the cloud suggest increasing buyer confidence.
Looking at other indicators, the Awesome Oscillator shows increasing green bars, indicating growing bullish momentum. As of press time, the Ethereum Name Service price stood at $27.71, representing a 10.8% increase over the last 24 hours.
Conflux Price Review
Conflux (CFX) is another gainer today, as seen from its price movements during today’s session. An in-depth analysis shows that the Conflux chart shows recent bullish movement with price climbing above the Alligator’s jaws, suggesting waking from a sleeping (sideways) market.
On the other hand, the RSI is near 67, which is close to the overbought region but still has room for upward movement. As of press time, the Conflux price stood at $0.1692, representing a 9.25% increase over the last 24 hours.
