The bulls are still in control in today’s session, as seen from the increase in the global market cap. The total cap stood at $2.19T as of press time, representing a 2.52% increase over the last 24 hours, while the trading volume dropped by 17% over the same period to stand at $47B as of press time.
Bitcoin Price Review
Bitcoin (BTC) is among the gainers in today’s session, as seen from its price movements. An in-depth analysis shows that the Bitcoin price is approaching the upper Bollinger Band, indicating a possible overbought condition or strong bullish momentum. The bands are widening, suggesting increasing volatility.
On the other hand, we see that the moving Average Convergence Divergence (MACD) line is above the signal line, indicating bullish momentum. The histogram is positive and increasing, reinforcing the bullish trend. As of press time, Bitcoin traded at $58,167, representing a 1.95% increase over the last 24 hours.
Ethereum Price Review
Ethereum (ETH) also gained in today’s session, as seen in the price movements. An in-depth analysis shows that the pattern shows two peaks at roughly the same level, indicating potential resistance.
On the other hand, looking at other indicators, we see that the Woodies Commodity Channel Index (CCI) is in the overbought zone, suggesting a potential price reversal. As of press time, Ethereum traded at $3,200, representing a 2.26% increase over the last 24 hours.
Mog Coin Price Review
Mog Coin (MOG) is among the gainers in today’s session, as seen in its price movements. An in-depth analysis shows that the Mog Coin price is within a rising wedge. This pattern is typically bearish and indicates a potential reversal.
Looking at the Volume Oscillator, we see no significant increase in volume, which might suggest weakening momentum. As of press time, Mog Coin traded at $0.000001918, representing a 20% increase over the last 24 hours.
Internet Computer Price Review
Internet Computer (ICP) is also among the gainers in today’s session, as seen from its price movements. An in-depth analysis shows that the Internet Computer price is above the Ichimoku cloud, indicating a bullish trend. The leading span A is rising, further supporting the bullish sentiment.
On the other hand, the Money Flow Index (MFI) is in the overbought zone, suggesting a potential for price reversal or consolidation. Internet Computer traded at $8.81 as of press time, representing a 14.43% increase over the last 24 hours.
Maker Price Review
Maker (MKR) is also among today’s gainers, as seen from the price movements. An in-depth analysis shows that the Alligator’s mouth (lips, teeth, and jaw) is open and aligned upward, indicating a strong uptrend.
On the other hand, the Money Flow Index (MFI) is in the overbought zone, indicating potential for a pullback or consolidation. As of press time, Maker traded at $2,764, representing an 8.13% increase over the last 24 hours.
