The bulls are in control of today’s session, as seen from the increase in the global market cap. The total cap stood at $2.3T as of press time, representing a 0.65% increase over the last 24 hours, while the trading volume jumped by 8.77% over the same period to stand at $50.75B as of press time.
Bitcoin Price Review
Bitcoin, $BTC, has posted minor gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, the Bitcoin price is fluctuating near the upper band, indicating bullish momentum. If the price breaks above and sustains, it may indicate further upward movement. The bands are moderately wide, showing some level of volatility. If they start to contract, it could signify an upcoming period of consolidation.
On the other hand, we see that the Awesome Oscillator (AO) is currently in the green zone, showing that momentum is positive. However, the small bars suggest that while the trend is upward, it may not be very strong. Bitcoin traded at $67,811 as of press time, representing a 1.1% increase over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, has also posted minor gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the alligator lines are currently intertwined, indicating the market is in a consolidation phase. A breakout could occur once the lines start to separate again, suggesting a new trend direction.
On the other hand, we see that the Money Flow Index (MFI) is around 70, showing that the market is approaching overbought levels. A drop below 70 could signal a potential price correction or pullback. Ethereum traded at $2,483 as of press time, representing a 0.28% increase over the last 24 hours.
MANTRA Price Review
MANTRA, $OM, 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 MANTRA price has recently interacted with the cloud and remains near the resistance level. If it manages to close above the cloud, it could indicate a bullish breakout. However, if it falls below, a bearish trend may resume.
On the other hand, we see that the Average Directional Index (ADX) is 42.41, suggesting a strong trend presence. This value indicates that if a breakout occurs, the move could be significant. MANTRA traded at $1.39 as of press time, representing a 9.27% increase over the last 24 hours.
Dogecoin Price Review
Dogecoin, $DOGE, is also among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, the Dogecoin price is trading above the 50 and 100 SMAs, which is a bullish sign. However, it’s nearing the 200 SMA. A sustained close above the 200 SMA could strengthen the bullish outlook.
On the other hand, we see that the MACD line is crossing above the signal line, indicating a bullish crossover. This could lead to further upward momentum if volume supports the move. Dogecoin traded at $0.1421 as of press time, representing a 3.21% increase over the last 24 hours.
Fantom Price Review
Fantom, $FTM, 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 Fantom price has recently crossed from a bearish to a bullish zone as indicated by the Supertrend. A continuation in this zone could validate the bullish reversal.
On the other hand, we see that the ADX is at 22.40, showing a weak trend. A rise above 25 would suggest the beginning of a stronger directional movement. Fantom traded at $0.6626 as of press time, representing a 3.12% increase over the last 24 hours.
