The bulls are in control of today’s session, as seen from the increase in the global market cap. The total cap stood at $3.56T as of press time, representing a 2.68% increase over the last 24 hours, while the trading volume jumped by 10.47% over the same period to stand at $290.01B as of press time
Bitcoin Price Review
Bitcoin, $BTC, has posted gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, the 50, 100, and 200 SMAs indicate a slight consolidation phase with the price hovering near the 50-SMA. The 100-SMA below the 50 suggests that short-term bullish momentum remains intact, but the lack of a clear divergence hints at a neutral-to-bullish scenario.
On the other hand, we see that the Awesome Oscillator (AO) displays a weakening momentum on both sides. The histogram shows lower peaks in both green and red bars, indicating a potential range-bound movement or a weakening trend. Bitcoin traded at $96,031 as of press time, representing a 1.21% increase over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, is also a top gainer in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that The price is trading above the cloud, which is bullish. The Leading Span A (green) and Span B (red) are converging, indicating a possible narrowing of momentum.
On the other hand, we see that the RSI is above 60, pointing to bullish strength but not yet overbought. If the RSI crosses 70, it could signal overbought conditions. Ethereum traded at $3,709 as of press time, representing a 2.97% increase over the last 24 hours.
Tron Price Review
Tron, $TRX, is also among the top gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the Alligator’s jaws (green, red, blue lines) are wide apart, indicating strong bullish momentum. However, the recent pullback suggests profit-taking or temporary consolidation.
On the other hand, we see that the RSI is at 75, RSI is in the overbought zone, signaling caution. A reversal or consolidation might be imminent. Tron traded at $0.375 as of press time, representing a 57.06% increase over the last 24 hours.
Curve DAO Token Price Review
Curve DAO Token, $CRV, is also among the top gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the upward spread of the Alligator lines confirms a strong uptrend. However, the price shows signs of exhaustion near the top.
On the other hand, we see that the RSI is at 80, Curve is deeply overbought, indicating a high probability of a short-term correction. Curve DAO Token traded at $1.12 as of press time, representing a 20.91% increase over the last 24 hours.
The Sandbox Price Review
The Sandbox, $SAND, is also among the top gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the Sandbox price remains above the Supertrend line, signaling a bullish trend. A break below $0.75 would invalidate this bias.
On the other hand, we see that the MFI (Money Flow Index) is at 73, which is near overbought levels, signaling that buyers dominate the market, but the trend could stall soon. The Sandbox traded at $0.9453 as of press time, representing a 19.89% increase over the last 24 hours.
