Today’s market session saw bulls in control of the markets, as seen from the increase in the global market cap. The global market cap stood at $2.55T as of press time, representing a 0.7% increase in the last 24 hours, while the trading volume jumped by 48% over the same period to stand at $67.43B as of press time.
Bitcoin Price Review
Bitcoin (BTC) is among the gainers in today’s session, as evidenced by its price movements. In-depth analysis shows that Bitcoin price charts show a ‘Falling Wedge’ pattern, which is typically considered a bullish pattern in technical analysis. The breakout above the wedge suggests a potential for continued upward movement.
On the other hand, the ADX indicator shows a value of 13.09, indicating a weak trend. This could mean that while the breakout has occurred, the trend strength isn’t robust yet. As of press time, the Bitcoin price stood at $69,068, representing a 1.93% jump from its previous 24-hour price.
Ethereum Price Review
Ethereum (ETH) is also a gainer today, as evidenced by its price movements over the last 24 hours. Looking at an in-depth analysis, we see that the Bollinger Bands are relatively tight, suggesting low volatility in recent times. This was followed by a sharp spike in the Ethereum price that caused the bands to widen.
On the other hand, the Money Flow Index (MFI) is at 64.73, which is on the higher end, indicating that the price might be entering overbought territory. As of press time, the Ethereum price stood at $3,828, representing a 1.93% jump from its previous 24-hour price.
Notcoin Price Review
Notcoin (NOT) is still among the gainers in today’s session, as evidenced by its price movements. However, looking at an in-depth analysis, we see that the chart displays a sharp price spike followed by a gradual downtrend. The Alligator indicator lines have started to converge and turn downwards, suggesting a bearish momentum.
On the other hand, the Volume Oscillator is at 2.18%, which shows relatively stable recent trading volume compared to the moving average. As of press time, the Notcoin price stood at $0.02185, representing a 10.9% jump from its previous 24-hour price.
Kaspa Price Review
Kaspa (KAS) is also among the gainers in today’s session, as evidenced by its price movements. An in-depth analysis shows that the Kaspa price shows a steady upward trend within the ‘Supertrend’ indicator, which turned green, indicating a bullish phase.
On the other hand, the Woodies CCI is in the green zone, which supports the bullish trend. As of press time, the Kaspa price stood at $0.1489, representing a 7.6% jump from its previous 24-hour price.
Gala Price Review
Gala (GALA) is also among the top gainers today, as seen from its price movements. An in-depth analysis shows that the Gala price has recently broken above the Ichimoku Cloud, which is traditionally interpreted as a bullish signal. The cloud was thin during the consolidation, suggesting the market was not strongly bearish or bullish.
On the other hand, the AO shows green bars increasing in height, which typically signifies growing bullish momentum. This is consistent with the recent upward price action. As of press time, the Gala price stood at $0.04784, representing a 6.7% jump from its previous 24-hour price.
