The bulls are now gaining back control in today’s session, as seen from the increase in the global market cap. The total cap stood at $2.22T as of press time, representing a 0.74% increase over the last 24 hours, while the trading volume jumped by 55% over the same period to stand at $69.32B as of press time.
Bitcoin Price Review
Bitcoin, $BTC, has posted gains in today’s session, as seen from its price movements. Looking at an in-depth, the price of Bitcoin is moving within the Bollinger Bands, indicating moderate volatility. The recent rejection at the upper band suggests a potential pullback or consolidation.
The MACD shows a bearish crossover, signaling potential downward momentum. The histogram is decreasing, supporting the bearish outlook. Bitcoin traded at $63,499 as of press time, representing a 0.81% increase over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, has also posted gains in today’s session, as seen from its price movements. Looking at an in-depth, Ethereum is showing bullish momentum as indicated by the Alligator indicator’s alignment, with the green line above the red and blue lines. The MFI is near 65, suggesting that buying pressure is present but not yet overbought.
The price has pulled back slightly after touching the Alligator’s upper line, signaling a minor correction before potentially continuing the uptrend. Ethereum traded at $2,646 as of press time, representing a 2.14% increase over the last 24 hours.
Bittorent Price Review
Bittorent, $BTT, has failed to post gains in today’s session, as seen from its price movements. Looking at an in-depth BTT is trading near the cloud with mixed signals; the price is oscillating around the Tenkan-sen and Kijun-sen lines, indicating indecisiveness in the market.Â
The price is hovering around the cloud’s resistance, showing that bulls and bears are battling for control. The Volume Oscillator shows declining volume, suggesting weakening momentum. Bittorent traded at $0.069148 as of press time, representing a 0.44% increase over the last 24 hours.
ImmutableX Price Review
Immutable, IMX, 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 IMX is in a strong uptrend, with the price trading above the Supertrend line, confirming a bullish bias. The Awesome Oscillator shows a strong upward momentum with increasing green bars.
The Immutable price has reached a new high but may encounter resistance as it approaches the next round number. Immutable traded at $1.82 as of press time, representing a 0.44% increase over the last 24 hours.
Render Price Review
Render, $RNDR, is also among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that Render is in a bullish channel as indicated by the Pitchfork tool, with the price currently near the upper line of the channel, suggesting it may be overextended.
The ADX is rising above 37, showing strong trend strength. However, a pullback towards the midline of the Pitchfork could be expected if profit-taking occurs. Immutable Render at $6.22 as of press time, representing a 10.3% increase over the last 24 hours.
