The bulls are in control of today’s session, as seen from the increase in the global market cap. The total cap stood at $2.77T as of press time, representing a 4.5% increase over the last 24 hours, while the trading volume dropped by 80.41% over the same period to stand at $236.11B 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 analysis, the price of BTC is currently touching the upper Bollinger Band, indicating a strong uptrend with possible overbought conditions. Bollinger Bands widening suggests increased volatility.
On the other hand, we see that the Awesome Oscillator (AO) shows green bars above the zero line signifying bullish momentum. The momentum has been sustained, although recent bars show smaller green bars, suggesting a potential slowdown. Bitcoin traded at $81,777 as of press time, representing a 2.95% increase over the last 24 hours.
Ethereum Price Review
Ethereum, ETH, has not posted gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the Alligator lines are wide apart and trending upwards, indicating a solid bullish trend with price above all lines (jaw, teeth, and lips).
On the other hand, we see that the Money Flow Index (MFI) currently around 58, showing that ETH has buying pressure but is not yet overbought. This supports a continuation of the upward trend. Ethereum traded at $3,182 as of press time, representing a 0.55% decrease over the last 24 hours.
Dogecoin Price Review
Dogecoin, $DOGE, is also DOGE is trading well above its moving averages, confirming an uptrend with support levels at $0.19674, $0.17617, and $0.15124.
On the other hand, we see that the Volume Oscillator shows a slight decline in volume could indicate weakening momentum, but the trend remains bullish. Dogecoin traded at $0.2847 as of press time, representing a 21.26% increase over the last 24 hours.
Dogwifhat Price Review
Dogwifhat, $WIF, is also among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that a buy signal is indicated with the price trending above the green Supertrend line. This suggests bullish sentiment.
On the other hand, we see that the Volume Oscillator shows positive momentum, supporting the current uptrend. Dogwifhat traded at $3.08 as of press time, representing a 22.38% increase over the last 24 hours.
Cronos Price Review
Cronos, $CRO, 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 the Cronos price is above the cloud, indicating a bullish trend. The lagging span is above the price, confirming the uptrend.
On the other hand, we see that the Relative Strength Index (RSI) is at 73.15, suggesting that CRO is in overbought territory. This could lead to a short-term pullback. Cronos traded at $0.1384 as of press time, representing a 16.71% increase over the last 24 hours.
