The bulls are in total control in today’s session, as seen from the increase in the global market cap. The total cap stood at $2.15T as of press time, representing a 2.66% increase over the last 24 hours, while the trading volume jumped by 13.4% over the same period to stand at $69.6B as of press time.
Bitcoin Price Review
Bitcoin, $BTC, is posting gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the price moving within the Bollinger Bands, with the upper band acting as a resistance around $61,792 and the lower band as support around $57,875. The price is currently near the middle of the bands, suggesting a consolidation phase.Â
On the other hand, we see that the Woodies CCI is fluctuating near the zero line, indicating indecisiveness in the market. The current readings suggest a lack of strong momentum, but with a slight bearish tilt as the green line is below the red. Bitcoin traded at $60,913 as of press time, representing a 2.8% increase over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, is also posting gains in today’s session as also seen from its price movements. Looking at an in-depth analysis, we se that the Alligator’s three lines (Jaw, Teeth, Lips) are converging, suggesting a potential trend change or consolidation. The price is trading near these lines, indicating the market is in a waiting period before making a decisive move.
On the other hand, we see that the Volume Oscillator is showing a negative value of -18.74%, indicating low trading volume. Ethereum traded at $2,628 as of press time, representing a 1.97% increase over the last 24 hours.
Fantom Price Review
Fantom, $FTM, is also among the top gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that The Supertrend indicator is currently in a buy mode, with the green band below the price, providing support at $0.4148. The price recently touched a high of $0.4611 and is experiencing a slight pullback, which could be a healthy correction before another leg up.
On the other hand, we see that the Volume Oscillator at -12.52% suggests that the recent upward move might not have strong volume support, indicating caution. Fantom traded at $0.4538 as of press time, representing a 13.9% increase over the last 24 hours.
Beam Price Review
Beam, $BEAM, is also among the top gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that the Beam price is showing a buy signal with the price trading above the Supertrend green line. The support is currently around $0.01358. The price is attempting to break out but faces resistance around $0.01500.
On the other hand, we see that the MFI (Money Flow Index) is at 72.57, which is close to the overbought territory. This suggests that the market might be overbought, and a pullback or correction could be on the horizon if buying pressure diminishes. Beam traded at $0.01505 as of press time, representing a 10.16% increase over the last 24 hours.
Klatyn Price Review
Klatyn, $KLAY, 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 Klatyn price is trending within the upward-sloping pitchfork channel, indicating a bullish trend. The upper resistance line is acting as a strong resistance around $0.17374, while the middle line provides support around $0.1600.
On the other hand, we see that the Woodies CCI is at a high level of 157.02, indicating strong bullish momentum. However, such high readings can also signal that the asset is overbought, which may lead to a pullback if the momentum doesn’t sustain. Klatyn traded at $0.1728 as of press time, representing a 9.5% increase over the last 24 hours.
