Bulls are struggling for dominance back from bears in today’s session as seen from the slight increase in the global market cap which has risen by a slight 0.31% in the last 24 hours to stand at 2.64 while the trading volume dropped by 18.41% within the same period to stand at $70.34 as of press time.
Bitcoin Price Review
As seen from today’s slight price pump, Bitcoin (BTC) bulls are trying to push out of the $70K consolidation area. The Bitcoin price action is somewhat consolidated, with recent candles hovering around the middle Bollinger band (20-period SMA). There’s no clear breakout, suggesting a lack of strong momentum in either direction.
Looking at the Relative Strength Index (RSI), It is currently around the midpoint at 55.58, which indicates neither overbought nor oversold conditions. The [ccpw id=60415] price appears to be in a range after an uptrend, as indicated by the ascending Bollinger Bands preceding the current consolidation. The Bitcoin price stood at $70,288 as of press time, representing a 0.31% jump from its previous 24-hour price.
Ethereum Price Review
Ethereum (ETH) has managed to post gains in today’s session as bulls take control of the altcoin. The [ccpw id=60480] price is above the Supertrend line, which could suggest a bullish trend. However, the recent candles are beneath a bearish cloud, suggesting mixed signals.
The Money Flow Index (MFI) is at 53.93, similar to a neutral RSI, indicating balanced inflows and outflows of money and no clear signs of overbuying or overselling. Looking at the overall trend, mixed signals from the Supertrend and the price below the Ichimoku cloud suggest uncertainty, with possible sideways movement. The Ethereum price stood at $3,606 as of press time, representing a 2.4% increase from its previous 24-hour price.
Core DAO Price Review
Core DAO (CORE) has emerged as today’s top gainer as the token posted notable gains in today’s session. Looking at CORE charts, we see a strong uptrend indicated as the Core DAO price is well above the Ichimoku cloud, and recent candles show bullish momentum.
Looking at the Average Directional Index (ADX), it is at 67.97, which indicates a very strong trend. Given the price action, this trend is bullish. The Core DAO price stood at $1.63 as of press time, representing a 29% pump compared to its previous 24-hour price.
Flare Price Review
Flare (FLR) is today’s second top gainer ahead of bullish activities. Analyzing FLR charts, we notice that the Flare price has just moved above the Alligator’s lines, which could suggest the beginning of a bullish trend if sustained.
The Awesome Oscillator (AO) shows green bars above the zero line, which supports the bullish momentum suggested by the Alligator indicator. Looking at the overall trend, the indicators are suggesting a potential for a bullish trend if the recent break above the Alligator lines is sustained. The Flare price stood at $0.03817 as of press time, representing an 11.9% pump compared to its previous 24-hour price.
ORDI Price Review
ORDI (ORDI) is the third gainer top gainer today as it wraps up our list. Looking at an in-depth analysis, we notice the ORDI price is within the upper half of the Pitchfork, having broken above the median line, which suggests bullish momentum.
On the other hand, the Moving Average Convergence Divergence (MACD line is above the signal line and zero, indicating bullish momentum. The overall trend suggests the ORDI price shows bullish momentum, supported by the position within the Pitchfork and the MACD reading. The ORDI price stood at $70.64 as of press time, representing a 9.2% pump compared to its previous 24-hour price.
