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 $2.26T as of press time, representing a 2.66% increase over the last 24 hours, while the trading volume jumped by 50% over the same period to stand at $87B as of press time.
Bitcoin Price Review
Bitcoin, $BTC, is posting gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, the Alligator indicator is showing a bullish trend with the green line (Lips) above the red (Teeth) and blue (Jaw) lines. The lines are diverging, which indicates a strong upward trend.
On the other hand, we see that the Woodies CCI is above zero and oscillating around the 100 level, suggesting a strong bullish momentum. However, there is a slight dip visible, indicating a potential consolidation or minor pullback. Bitcoin traded at $64,044 as of press time, representing a 5.39% increase over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, is also posting gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, the Ethereum price is approaching the upper band, indicating it is potentially overbought. A squeeze is forming, suggesting that volatility might increase soon.
On the other hand, we see that the Money Flow Index (MFI) is above 80, entering the overbought territory. This may indicate a potential reversal or pullback as buying pressure may diminish. Ethereum traded at $2,763 as of press time, representing a 4% increase over the last 24 hours.
Worldcoin Price Review
Worldcoin, $WLD, is also another gainer in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that the Worldcoin price has broken above the cloud, indicating a bullish trend. The Tenkan-sen (conversion line) is above the Kijun-sen (base line), and the Chikou span is above the price, confirming the bullish sentiment.
On the other hand, we see that the ADX is above 30, indicating a strong trend. The upward movement suggests a strong bullish momentum. Worldcoin traded at $1.94 as of press time, representing a 14.39% increase over the last 24 hours.
Bonk Price Review
Bonk, $BONK, is also another gainer in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the Supertrend indicator is in a bullish mode, with the price above the indicator line, signaling a buy.
On the other hand, we see that the ADX is around 28, suggesting a moderately strong trend. The trend appears to be gaining strength, as indicated by the upward slope. Bonk traded at $0.00002126 as of press time, representing a 13.2% increase over the last 24 hours.
Pepe Price Review
Pepe, $PEPE, 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 price is currently near the upper boundary of the Pitchfork channel, which might act as resistance. A breakout above this level could suggest further bullish momentum.
On the other hand, we see that the Volume Oscillator is slightly above zero, indicating some buying pressure. A significant increase in volume would confirm a breakout. Pepe traded at $0.059072 as of press time, representing a 12.8% increase over the last 24 hours.
