The bears are still in control in today’s session, as seen from the decrease in the global market cap. The total cap stood at $2.12T as of press time, representing a 0.95% increase over the last 24 hours, while the trading volume dropped by 31% over the same period to stand at $65B as of press time.
Bitcoin Price Review
Bitcoin, $BTC, is still keeping up its pump in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the Bitcoin price is currently trading near the upper Bollinger Band, indicating bullish momentum. The bands are slightly widening, suggesting increased volatility.
On the other hand, we see that the ADX (Average Directional Index) has a reading of 26.69, the trend is moderately strong. If the ADX increases, it would confirm a strengthening trend. The Bitcoin price was at $61,150 as of press time, representing a 0.84% increase over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, is also pumping in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the Alligator lines (Jaw, Teeth, and Lips) are slightly entangled, indicating a period of consolidation with a slight bullish bias as the lines start to spread out.
On the other hand, we see that the Woodies CCI (Commodity Channel Index): The CCI is in the overbought zone (above 100), suggesting that the asset is currently overextended and might face a pullback. Ethereum traded at $2,668 as of press time, representing a 1.38% increase over the last 24 hours.
BeamX Price Review
Beam, $BEAM is also among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that the BeamX price is trading within the Ichimoku Cloud, indicating a neutral trend. However, it is approaching the upper edge of the cloud, which could act as resistance.
On the other hand, we see that the MFI (Money Flow Index) is at 73.11, which is close to the overbought territory (above 80), suggesting that a potential reversal could occur if the MFI continues to rise. Beam traded at $0.01472 as of press time, representing a 15.8% increase over the last 24 hours.
Akash Network Price Review
Akash Network, $AKT, is also among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that the Akash Network price has crossed above the Supertrend line, signaling a buy trend. The green Supertrend line below the current price indicates support.
On the other hand, we see that the Volume Oscillator shows a positive value, suggesting increasing buying pressure, which supports the recent bullish move. Akash Network traded at $2.94 as of press time, representing a 15.41% increase over the last 24 hours.
Injective Price Review
Injective, $INJ. Is also among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that the Injective price is following the upward Pitchfork channel, which indicates a strong bullish trend. The price is currently near the middle line, suggesting a stable upward trajectory.
On the other hand, we see that the AO (Awesome Oscillator) is positive and showing green bars, which confirms the bullish momentum. Injective traded at $19.24 as of press time, representing a 8% increase over the last 24 hours.
