Today’s market session has bulls on the front foot as sen from the increase in the global market cap. The total cap stood at $2.65T as of press time, representing a 3.2% increase over the last 24 hours. On the other hand, the trading volume has seen a 16.6% increase over the same period to stand at $91.02B.
Bitcoin Price Review
Bitcoin (BTC) is among the gainers in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the Alligator’s three lines (jaw, teeth, and lips) are expanding, indicating a bullish trend as the green line (lips) is above the red (teeth) and blue (jaw) lines.
On the other hand, the Awesome Oscillator (AO) is turning green above the zero line, suggesting a potential continuation of the bullish momentum. As of press time, the Bitcoin price stood at $71,511, representing a 1.21% jump from its previous 24-hour price.
Ethereum Price Review
Ethereum (ETH) is another gainer in today’s session, as evidenced by its price movements. An in-depth analysis shows that the Ethereum price consolidates near the upper Bollinger band, typically indicating strength; however, it has not broken out, suggesting a potential sideways movement.
On the other hand, the Volume Oscillator is at -11.42%. There is a decline in volume which might indicate reduced momentum. As of press time, the Ethereum price stood at $3,871, representing a 0.27% jump from its previous 24-hour price.
Sui Price Review
Sui (SUI) is another gainer in today’s session, as seen from its price movements. An in-depth analysis shows that the Super price is above the green SuperTrend line, indicating a bullish signal.
On the other hand, the Money Flow Index (MFI) is at 75.46, suggesting the asset might be approaching overbought territory. As of press time, the Sui price stood at $1.09, representing a 5.2% jump from its previous 24-hour price.
BNB Price Review
BNB (BNB) is another gainer today, as seen from its price movements. An in-depth analysis shows that the BNB price is above the cloud, indicating a bullish trend. The green conversion line (tenkan-sen) above the red baseline (kijun-sen) supports this bullish outlook.
On the other hand, the ADX Indicator is at 57.40, which indicates a powerful trend, currently bullish. As of press time, the BNB price stood at $700.19, representing a 5.14% jump from its previous 24-hour price.
Stacks Price Review
Stacks (STX) is another gainer in today’s session, as seen from its price movements. An in-depth analysis shows that the Stacks price breaks upwards out of the pitchfork, indicating a solid upward momentum.
On the other hand, the MFI is at 88.52, which is exceptionally high, indicating that the asset might be overbought, which could lead to a potential pullback. As of press time, the Stacks price stood at $2.40, representing a 15% jump from its previous 24-hour price.
