The bulls are in total control in today’s session, as seen from the increase in the global market cap. The total cap stood at $3.23T as of press time, representing a 1.46% increase over the last 24 hours, while the trading volume dropped by 27.37% over the same period to stand at $97.6B as of press time.
Bitcoin Price Review
Bitcoin, $BTC, has posted minor gains in today’s session as seen from the price movements. Looking at an in-depth analysis, we see that the Bitcoin price is moving near the middle band, indicating consolidation. The bands are slightly contracting, suggesting lower volatility.
On the other hand, we see that the RSI is around 52.47, which is neutral, implying no clear overbought or oversold conditions. Bitcoin traded at $97,025 as of press time, representing a 0.82% increase over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, 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 the Ethereum price is below the 50-SMA ($2,670), 100-SMA ($2,842), and 200-SMA ($3,060), confirming bearish momentum.
On the other hand, we see that the MFI is around 51.36, which suggests a balanced demand/supply scenario. Ethereum traded at $2,703 as of press time, representing a 0.92% increase over the last 24 hours.
Dogwifhat Price Review
Dogwifhat, $WIF, 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 the Dogwifhat price is approaching the Kumo (cloud), indicating a key resistance zone around $0.72. If WIF breaks above the cloud, a trend reversal could occur.
On the other hand, we see that the MFI is around 46.56, showing slight accumulation but not yet overbought. Dogwifhat traded at $0.7110 as of press time, representing a 20.09% increase over the last 24 hours.
OFFICIAL TRUMP Price Review
OFFICIAL TRUMP, $TRUMP, 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 TRUMP has been in a major downturn but is attempting a recovery. The moving averages are starting to converge, indicating potential reversal.
On the other hand, we see that the Volume Oscillator is at 22.28%, indicating increasing trading activity. OFFICIAL TRUMP traded at $19.13 as of press time, representing a 16.43% increase over the last 24 hours.
Jupiter Price Review
Jupiter, $JUP, 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 the supertrend indicator has flipped bullish after reclaiming $0.92.
On the other hand, looking at other indicators, we see that the MFI is at 69.20, approaching overbought conditions. Jupiter traded at $0.9507 as of press time, representing a 13.46% increase over the last 24 hours.
