Today’s session has seen bears on the front foot, as evidenced by the decrease in the global market cap. The total cap stood at $2.56T as of press time, representing a 2% drop over the last 24 hours, to $97.6B as of press time, representing a 22.5% increase over the last 24 hours.
Bitcoin Price Review
Its price movements show that Bitcoin (BTC) faces consolidations today. An in-depth analysis shows that the [ccpw id=60415] price chart shows a series of fluctuating price movements within an Ichimoku cloud. Recently, the price has risen sharply, breaking through the upper boundary of the Ichimoku cloud, which typically suggests a bullish trend.
The Bitcoin price is currently near $68,293. The Moving Average Convergence Divergence (MACD) indicator is not visible, but the Money Flow Index (MFI) is at 26.03, indicating potential undervaluation. This combination of a break above the Ichimoku cloud and a low MFI might suggest a good buying opportunity. As of press time, the Bitcoin price stood at $68,301, a 2% decrease in valuation over the last 24 hours.
Ethereum Price Review
Ethereum (ETH) is also consolidating today as seen from its price movements. [ccpw id=60480] price shows significant volatility, trading within a Bollinger Bands envelope. Recently, the price experienced a sharp rise, moving from around $3,400 to highs near $4,000 before retreating to approximately $3,817. This indicates a resistance test at the upper Bollinger Band, followed by a pullback.
On the other hand, the Woodies CCI shows a reading around -114.86. Typically, the Woodies CCI helps identify cyclical trends, where readings above +100 indicate a robust upward momentum, suggesting a buy, and readings below -100 indicate a solid downward momentum, suggesting a sell. As of press time, the Ethereum price stood at $3,825, a 0.9% decrease in valuation over the last 24 hours.
Floki Price Review
Floki (FLOKI) is among the gainers in today’s session. An in-depth analysis shows that the Floki chart is rising, with the price currently near $0.0029611 after some consolidation. The Alligator indicator, comprising three smoothed moving averages, is splayed open, indicating a solid uptrend.
Recent green bars on the Awesome Oscillator (AO) further confirm this, suggesting bullish momentum. As of press time, the Floki price stood at $0.0002959, a 10.27% increase in valuation over the last 24 hours.
Notcoin Price Review
Notcoin (NOT) is another gainer in today’s session as seen from its price movements. The Notcoin chart presents a recovery from a sharp fall, with the price currently around $0.008892. The Supertrend indicator, below the Notcoin price, signifies a bullish reversal.
However, the ADX is at 49.38, indicating a mighty trend. The high ADX value and the positive Supertrend suggest a solid upward momentum. Investors might look for opportunities to buy, anticipating further gains. As of press time, the Notcoin price stood at $0.008918, an 8.2% increase in valuation over the last 24 hours.
Celestia Price Review
Celestia (TIA) is also another gainer in today’s session, as seen from its price movements. An in-depth analysis shows that Celestia’s chart shows a significant bullish trend. Recently, the price surged from around $9.50 to over $11.60, showing strong upward momentum.
The Auto Pitchfork tool shows the price trading in the upper channel, indicating strong buying interest. Additionally, the Volume Oscillator is positive at 17.88%, suggesting increased trading volume accompanying the price rise, which can be a bullish confirmation. As of press time, the Celestia price stood at $0.008918, a 22.4% increase in valuation over the last 24 hours.
