Today’s market session started with no clear trend as bulls and bears struggle for market dominance. This is evidenced by the Global Market Cap, which stood at $2.65T as of press time representing a 0.02% decrease within the last 24 hours.
Bitcoin Price Review
Bitcoin (BTC) is still consolidated as it records minimal movement today. The Bitcoin price chart shows a clear upward channel pattern, indicating a bullish trend over the observed period. The Bitcoin price is currently near the middle of the channel, suggesting there might be room for movement both up and down within the trend.
The Relative Strength Index (RSI) is around the 50 level, which neither indicates overbought nor oversold conditions, suggesting a relatively balanced market sentiment. The Linear Regression indicator provides a central pivot point for [ccpw id=60415] price movements, which aligns closely with the current price level, reinforcing the trend’s stability. The Bitcoin price stood at $70,181 as of press time representing a 0.16% drop from its previous 24-hour price.
Ethereum Price Review
Ethereum (ETH) is also in a consolidation phase as seen from its minimal movements today. Ethereum’s price movement is captured within Bollinger Bands, and the price is hovering near the bands’ middle SMA (Simple Moving Average), indicating a neutral trend with no strong bullish or bearish momentum in the short term.
The MACD (Moving Average Convergence Divergence) histogram shows small bars with a red-to-green transition, hinting at a possible shift in momentum on the Ethereum price but without significant strength. The [ccpw id=60480] price stood at $3,558 as of press time representing a 0.05% pump from its previous 24-hour price.
Dogwifhat Price Review
Dogwifhat (WIF) is today’s top gainer, posting notable gains. Wif charts display a recent uptrend with the Dogwifhat price action moving above the Alligator indicator’s lines, typically a sign of ongoing bullish momentum.
The ADX (Average Directional Index) is over 60, indicating a strong trend. However, it’s crucial to note that ADX does not distinguish between uptrends and downtrends. The Dogwifhat price stood at $4.52 as of press time, representing a 23.3% pump compared to its previous 24-hour price.
Jupiter Price Review
Jupiter (JUP) is today’s second top gainer as it also posted remarkable gains in today’s session. JUP’s price has recently seen an uptick, moving above the Supertrend indicator line, suggesting a bullish reversal.
The Money Flow Index (MFI) is above 70, indicating that the asset may be overbought, which could lead to a potential retracement or consolidation in the near term. The Dogwifhat price stood at $1.53 as of press time, representing a 21.2% pump compared to its previous 24-hour price.
Core Price Review
Core is also having a tremendous session today as it emerged as the day’s third top gainer. The Core price trends upwards within an Auto Pitchfork, indicating a sustained bullish trend. The Core price is currently in the upper half of the pitchfork, suggesting that buyers are in control, but there might be some resistance as the price approaches the upper lines of the pitchfork.
The Awesome Oscillator (AO) shows green bars, indicating bullish momentum, although the most recent bar is shorter, suggesting a slight decrease in bullish pressure. The Core price stood at $1.26 as of press time, representing a 16.3% pump compared to its previous 24-hour price.
