Today’s market session has seen bulls on the front foot, as seen from the increase in the global market cap over the last 24 hours. The total cap stood at $2.56T as of press time, representing a 2.05% increase over the last 24 hours. On the other hand, the trading volume is at $79.15 as of the press time, representing a 7.3% decrease over the last 24 hours.
Bitcoin Price Review
Bitcoin (BTC) has gained some in today’s session, as seen from its price movements. Analysing Bitcoin price charts, we see that Bitcoin’s price shows an uptrend in the short term, breaking above the upper Bollinger Band. The breakout above the band often signifies strength; however, it might also indicate overextended prices that could lead to a potential pullback.
On the other hand, the volume oscillator currently shows a value of -7.07%, which indicates that the volume is decreasing compared to the previous period. As of press time, the Bitcoin price stood at $71,867, representing a 3.18% jump from its previous 24-hour price.
Ethereum Price Review
Ethereum (ETH) is another gainer in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that Ethereum is trading in a consolidation phase, with the Alligator indicator’s lines intertwined, suggesting a lack of a clear trend.
On the other hand, the MFI (Money Flow Index) is hovering around the middle, indicating balanced buying and selling pressure. As of press time, the Ethereum price stood at $3,815, representing a 1.26% jump from its previous 24-hour price.
Floki Price Review
Floki (FLOKI) is among the gainers in today’s session, as seen from its price movements. Looking at an in-depth analysis, Floki shows a recent sharp rise, indicating strong buying momentum that pushed prices above the Supertrend indicator, turning it from bearish to bullish.
On the other hand, the Awesome Oscillator shows growing bullish momentum, with green bars increasing in height, supporting the recent bullish price action. As of press time, the Floki price stood at $0.0003429, representing a 30.6% jump from its previous 24-hour price.
Uniswap Price Review
Uniswap (UNI) is another gainer in today’s session, as seen from its price movements. An in-depth analysis shows that Uniswap experienced a significant bullish spike, breaking out of the Ichimoku cloud, a bullish indicator.
On the other hand, the MFI is high at 84.51, suggesting the market could be overbought, which might lead to a short-term pullback. As of press time, the Uniswap price stood at $11.28, representing an 18.73% jump from its previous 24-hour price.
ORDI Price Review
ORDI (ORDI) is another gainer in today’s session, as evidenced by its price movements. An in-depth analysis shows that ORDI shows a bullish trend, with prices moving within an upward channel and recently making a strong push higher.
On the other hand, the Volume Oscillator shows increasing volume on the recent uptick, confirming strong buyer interest at higher prices. As of press time, the ORDI price stood at $57.08, representing a 17.24% jump from its previous 24-hour price.
