The bulls are still in total control in today’s session, as seen from the increase in the global market cap. The total cap stood at $2.04T as of press time, representing a 2.17% increase over the last 24 hours, while the trading volume also jumped by 11.6% over the same period to stand at $70.88B as of press time.
Bitcoin Price Review
Bitcoin, $BTC, has gained to post gains in today’s session, as seen from its price movements. Looking at an in-depth, we see that Bitcoin has been trading within the upper half of the Bollinger Bands, indicating a potential bullish momentum. The price is near the upper band, which suggests overbought conditions and a possibility of a pullback.Â
On the other hand, we see that the RSI is at 60.58, slightly above the neutral 50 level, showing mild bullish sentiment but not yet overbought. A breakout above the upper Bollinger Band could signal a strong upward move, while a failure to break out could lead to a retracement toward the middle band at $56,812. Bitcoin traded at $57,954 as of press time, representing a 2.63% increase over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, has also posted gains in today’s session, as seen from its price movements. Looking at an in-depth, we see that Ethereum is currently consolidating around the Alligator’s moving averages, suggesting a phase of indecision or low volatility. The MFI is at 44.08, indicating weak buying pressure, and the price is hovering near the buy signal of $2,361.05.Â
A break above the recent highs could lead to a bullish continuation, but if the price continues to hover around the Alligator’s moving averages without clear direction, a range-bound scenario may persist. Ethereum traded at $2,362 as of press time, representing a 1.23% increase over the last 24 hours.
Sui Price Review
Sui, $SUI, 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 Sui has broken above the Ichimoku cloud, indicating a shift toward a bullish trend. The current price of $1.017 is above the Kijun-sen and Tenkan-sen, further reinforcing the bullish sentiment.
On the other hand, we see that the Woodies CCI is in a positive zone at 206.96, confirming the upward momentum. Continuation of the bullish trend is likely as long as the price remains above the cloud. A drop below the cloud, however, could signal a bearish reversal. Sui traded at $1.02 as of press time, representing a 15.65% increase over the last 24 hours.
Fetch.ai Price Review
Fetch.ai, $FET, is among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that Fetch.AI has entered a bullish phase as the price has broken above the Supertrend’s resistance level at $1.424. The RSI is at 78.72, showing that the market is overbought, which could lead to a short-term correction.
However, the strong momentum could allow the price to push further upward before facing any significant resistance. A pullback could bring the price toward the $1.270 support level set by the Supertrend. Fetch.ai traded at $1.42 as of press time, representing a 8.53% increase over the last 24 hours.
BinaryX Price Review
BinaryX, $BNX, is also among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that BinaryX has followed a rising trend along the Pitchfork’s upper boundary and is currently trading at $1.5936. The ADX value of 55.54 suggests strong directional momentum, favoring the bulls.
If the BinaryX price can maintain above the middle line of the Pitchfork, further gains toward the upper resistance are possible. A fall below $1.55 could lead to a correction, with potential support at the lower end of the Pitchfork channel. BinaryX traded at $1.59 as of press time, representing a 7.77% increase over the last 24 hours.
