Bulls are ending the week on the upper hand as shown by the rise in global market cap over the last day. The total global market cap stood at $2.64 trillion as of press time representing an increase of 1.1% over the last 24 hours.
Bitcoin Price Review
Bitcoin (BTC) is on for another run as charts now suggest. Looking at the 4-hour BTC/USD charts, we notice the Bitcoin price is approaching the upper band, suggesting strong upward momentum. The RSI value is around 67, a moderate [ccpw id=60415] market.
The RSI’s movement suggests bullish activity as it heads for the overbought region. The Bitcoin price stood at $69.6K as of press time, representing a 1.6% pump in the last 24 hours as the crypto king surges again.
Ethereum Price Review
The Ethereum (ETH) chart shows that the Ethereum price is within the upper half of the pitchfork but shows a couple of bearish candle sticks, as the token now faces some consolidation with bulls and bears struggling for dominance
The MACD, currently in the red zone, is reverting toward the green zone suggesting some bullish momentum on the altcoin king. The [ccpw id=60480] price stood at $3947 as of press time, representing a 0.11 pump in the last 24 hours.
Gala Price Review
Gala (GALA) is today’s top gainer as the token posted notable gains. The Supertrend indicator is below the Gala price (GALA) and green in color, suggesting a bullish trend. The Gala price has been in an uptrend as shown by the latest series of green candle sticks alongside consistent higher highs and higher lows over the period displayed.
The Money Flow Index (MFI), which is at 95, is in the overbought zone. This indicates massive buying pressure, supporting today’s pump. A reading close to 80 often indicates overbought conditions in the market hence the risks of a correction. The Gala price stood at $0.0728 as of press time, representing a 60% pump in the last 24 hours.
THORChain Price Review
The THORChain price is in an upward trend as the token emerges as today’s second top gainer. The Alligator indicator, which is a collection of moving averages, suggests a bullish trend with the green line (lips) above the red line (teeth) and the blue line (jaw).
The ADX is currently at a value of 46, which indicates a rather strong trend. Generally, an ADX value above 25 suggests that the market is trending, and the higher the value above 25, the stronger the trend. The rising ADX in the context of a rising price suggests that the uptrend is strong. The THORChain price stood at $8.83 as of press time, representing a 19.1% pump in the last 24 hours.
Axie Infinity Price Review
Axie Infinity (AXS) is today’s third top gainer. We notice that the CCI line (turquoise) is above the signal line (red), which typically suggests bullish momentum. Both lines are diverging, which might indicate that the momentum is getting stronger.
The Awesome Oscillator, used in gauging trends, is showing green histograms as they increase in size indicating a strong bullish trend. The Axie Infinity price stood at $13.28 as of press time, representing a 21.5% pump in the last 24 hours.
