The bulls are back in control in today’s session, as seen from the increase in the global market cap. The total cap stood at $3.15T as of press time, representing a 0.12% increase over the last 24 hours, while the trading volume also jumped by 30% over the same period to stand at $104.8B as of press time.
Bitcoin Price Review
Bitcoin, $BTC, has posted small gains in today’s session, as seen from the price movements. Looking at an in-depth analysis, we see that the Bitcoin price has been consolidating within a range after a previous strong uptrend. It is currently testing the lower Bollinger Band. The price is near the lower band, suggesting possible oversold conditions.Â
If the middle band (20-SMA) at ~$96,064 is broken, further downside could be seen. On the other hand, we see that the RSI is at 45.72, hovering near neutral levels but close to oversold territory. Bitcoin traded at $95,778 as of press time, representing a 0.29% increase over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, is also seeing minor gains in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that Ethereum is in a downtrend, trading below the key moving averages (50-SMA: ~$2,686, 100-SMA: ~$2,697, 200-SMA: ~$2,980).
On the other hand, we see that the ADX is at 10.45, indicating a weak trend or consolidation. Ethereum traded at $2,714 as of press time, representing a 1.61% increase over the last 24 hours.
Aptos Price Review
Aptos, $APT, is also seeing minor gains in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that Aptos is in a sideways movement after a prolonged downtrend. Price is inside the Ichimoku cloud, indicating indecision. The cloud resistance at ~$5.87 is keeping the price suppressed. A breakout above could indicate strength.
On the other hand, we see that the Awesome Oscillator shows a shift from negative to slightly positive momentum, hinting at a potential reversal. Aptos traded at $6.25 as of press time, representing an 11.56% increase over the last 24 hours.
Bittensor Price Review
Bittensor, $BTT, is, however, not among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the Bittensor price is in a choppy range, currently testing resistance at ~$392. The indicator flipped bullish near $337.3, indicating a potential trend reversal.
On the other hand,we see that the Volume Oscillator is at 4.27%, suggesting increased activity but not strong confirmation of a breakout. Bittensor traded at $0.068451 as of press time, representing an 0.88% decrease over the last 24 hours.
Maker Price Review
Maker, $MKR, is also among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see a strong uptrend after a prolonged downtrend. MKR has broken above the supertrend resistance. The price is above the supertrend indicator at ~$1,076, signaling bullish strength.
On the other hand, we see that the ADX at 34.42 indicates strong momentum. Maker traded at $1,179 as of press time, representing a 7.8% increase over the last 24 hours.
