Today’s market session has seen bulls on the front foot as seen from the increase in the global market cap. The total cap stood at $2.58T as of press time, representing a 1.3% increase over the last 24 hours while the trading volume stood at $88.9B, a 2% decrease in the previous 24 hours.
Bitcoin Price Review
Bitcoin (BTC) is a gainer today, evidenced by its price movements. Looking at in-depth analysis, we see that the Bitcoin price is slightly below the middle Bollinger band (20-day SMA at $68,775.98), indicating a potential consolidation phase. The bands are converging, suggesting decreasing volatility.
On the other hand, the Woodies CCI is around -23.12, which indicates that Bitcoin is currently in a neutral to slightly bearish phase. As of press time, the Bitcoin price stood at $68,409, a 0.76% increase in valuation over the last 24 hours.
Ethereum Price Review
Ethereum (ETH), however, failed to post gains in today’s session, as seen from its price movements. Analysing Ethereum price charts, we see that the price is within an ascending pitchfork pattern, indicating a controlled upward trend. The Ethereum price has recently tested the middle line of the pitchfork and is moving towards the upper boundary.
On the other hand, the Volume Oscillator is at -8.65%, suggesting a decrease in volume as the price rises, which could indicate a lack of strong buying pressure at higher levels. As of press time, the Ethereum price stood at $3,852 a 0.03% decrease in valuation over the last 24 hours.
Dogwifhat Price Review
Dogwifhat (WIF) is another gainer in today’s session, as seen from its price movements. Analyzing Dogwifhat price charts, we see that the Dogwifhat price is above the Supertrend indicator (at $3.3870), which has turned green, signaling a bullish trend.
On the other hand, the Money Flow Index (MFI) is at 81.28, indicating that the asset is currently overbought. This may lead to a potential pullback or consolidation. As of press time, the Dogwifhat price stood at $3.96 a 20.4% increase in valuation over the last 24 hours.
Shiba Inu Price Review
Shiba Inu (SHIB) is another gainer in today’s session, as seen from its price movements. An in-depth analysis shows that the Shiba Inu price has just broken out above the Ichimoku cloud, which is typically bullish. Additionally, a green future cloud suggests bullish sentiment in the near term.
On the other hand, the Woodies CCI is exceptionally high at 187.36, reinforcing the strong bullish momentum. As of press time, the Shiba Inu price stood at $0.00002835, which is a 14.5% increase in valuation over the last 24 hours.
Bonk Price Review
Bonk (BONK) is another gainer in today’s session, as evidenced by its price movements. An in-depth analysis shows that all three lines (jaw, teeth, lips) of the Alligator indicator are trending upwards, and the price is consistently above these lines, suggesting a sustained bullish trend.
On the other hand, the Relative Strength Index is at 66.97, near overbought territory but still in a healthy range. As of press time, the Bonk price stood at $0.00004235, an 11.5% increase in valuation over the last 24 hours.
