The bulls are in control of today’s session, as seen from the increase in the global market cap. The total cap stood at $3.04T as of press time, representing a 3.31% increase over the last 24 hours, while the trading volume dropped by 14% over the same period to stand at $203.1B as of press time.
Bitcoin Price Review
Bitcoin, $BTC, has posted gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, the Supertrend Indicator is bullish, as indicated by the green zone below the price action, supporting the current upward momentum.
On the other hand, we see that the Relative Strength Index (RSI) is around 60.86, suggesting a bullish momentum but not yet overbought. It indicates the possibility of further upward movement. Bitcoin traded at $91,289 as of press time, representing a 2.31% increase over the last 24 hours.
Ethereum Price Review
Ethereum , $ETH, is also among the gainers in today’s session, as seen from its price movements. In-depth analysis shows that the Bollinger Bands suggest decreased volatility, with the price consolidating near the midline.
On the other hand, we see that the Money Flow Index (MFI) at 37.66 indicates that Ethereum is in the accumulation phase and might have room to rally. Ethereum traded at $3,120 as of press time, representing a 0.75% increase over the last 24 hours.
Mantra Price Review
Mantra, $OM, 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 OM is trading well above the 50, 100, and 200 SMAs, indicating a bullish trend.
On the other hand, we see that the ADX (Average Directional Index) is at 40.60 confirms a strong trend, but it might start consolidating if ADX declines further. Mantra traded at $2.238 as of press time, representing a 41.89% increase over the last 24 hours.
Algorand Price Review
Algorand, $ALGO, 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 ALGO is trading well above the cloud, confirming a bullish breakout.
On the other hand, we see that the Volume Oscillator the increase in volume supports the recent price surge, indicating strong buying interest. Algorand traded at $0.2068 as of press time, representing a 29.16% increase over the last 24 hours.
Flare Price Review
Flare, $FLR, 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 Alligator Indicator signals a bullish crossover, as the lines are fanning out and aligned upwards.
On the other hand, we see that the Awesome Oscillator (AO): Positive and increasing, confirming upward momentum. Flare traded at $0.2047 as of press time, representing a 28.39% increase over the last 24 hours.
