Today’s market session has bulls on the front foot, as seen from the rise in the global market cap. As of press time, the global market cap stood at $2.54T, representing a 0.3% increase over the last 24 hours, while the trading volume stood at $81.8B, representing a 1.5% increase over the same period.
Bitcoin Price Review
Bitcoin (BTC) was also another gainer in today’s session, as seen from its price increase. An in-depth analysis shows that the Bitcoin price is near the middle Bollinger band, indicating a period of consolidation. The price trading between the upper and middle bands without significant breakouts suggests a lack of volatility.
On the other hand, the volume oscillator is at -16.29%, indicating lower-than-average volume, which could suggest a lack of solid momentum in the current Bitcoin price movement. As of press time, the Bitcoin price stood at $68,309, a 0.30% increase in valuation over the last 24 hours.
Ethereum Price Review
Ethereum (ETH) is not a gainer in today’s session, as seen from its price increase. Looking at an in-depth analysis we see that the chart shows a potential double-top pattern with the neckline currently being tested. If the price breaks below this neckline, a further downside to the target level indicated could occur, which suggests a move towards $3,200.
On the other hand, the Awesome Oscillator (AO) indicator is showing red bars, indicating bearish momentum increasing as the bars grow taller. As of press time, the Ethereum price stood at $3,741, a 0.30% decrease in valuation over the last 24 hours.
JasmyCoin Price Review
JasmyCoin (JASMY) is also another gainer in today’s session, as seen from its price increase. Looking at an in-depth analysis, we see that the JasmyCoin price is trading above the cloud, indicating a bullish trend in the short term. The cloud is acting as support.
On the other hand, the Awesome Oscillator (AO) is forming, which suggests that bullish momentum is increasing. As of press time, the JasmyCoin price stood at $0.03136, a 24.19% increase in valuation over the last 24 hours.
ORDI Price Review
ORDI (ORDI) is also another gainer in today’s session, as evidenced by its price movements. An in-depth analysis shows that the price is well above the cloud, which is bullish. The green cloud ahead also suggests continued bullish momentum.
On the other hand, the Average Directional Index (ADX) is above 50, which is very strong and indicates a mighty trend. As of press time, the ORDI price stood at $50, a 19.3% increase in valuation over the last 24 hours.
Arweave Price Review
Arweave (AR) is also another gainer in today’s session, as seen from its price increase. Looking at an in-depth analysis, we see that the jaws, teeth, and lips are opening up and turning upwards, suggesting a potential bullish phase if the price can maintain above these lines.
On the other hand, the Woodies CCI is showing some upward momentum, as the line is above the zero mark, indicating bullish conditions in the near term. As of press time, the Arweave price stood at $43.11, an 11.7% increase in valuation over the last 24 hours.
