The bulls are now gaining back control in today’s session, as seen from the increase in the global market cap. The total cap stood at $2.25T as of press time, representing a 0.29% increase over the last 24 hours, while the trading volume dropped by 40% over the same period to stand at $64.8B 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 price is currently moving sideways within the Bollinger Bands, suggesting a consolidation phase after a recent uptrend. The price is trading near the middle band (20 SMA), indicating equilibrium between buyers and sellers.Â
The Bollinger Bands are relatively narrow, showing reduced volatility. The Awesome Oscillator shows a shift from positive to negative momentum, with decreasing green bars, suggesting weakening bullish momentum. Bitcoin traded at $63,842 as of press time, representing a 0.08% increase over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, has also posted gains in today’s session as aLso seen from its price movements. Looking at an in-depth analysis, we see that the Alligator lines are intertwined, indicating a lack of clear trend and market indecision. The MFI is hovering around 38, suggesting moderate selling pressure without reaching oversold conditions.Â
The Ethereum price appears to be consolidating after an initial upward move, with the Alligator lines showing a slight downward slope, which hints at potential bearish sentiment if price fails to hold above key levels. Ethereum traded at $2,631 as of press time, representing a 0.34% increase over the last 24 hours.
Worldcoin Price Review
Worldcoin, $WLD, 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 exponential Moving Averages (EMA 50/100) and Volume Oscillator. The price is trading above both the 50 and 100 EMA, showing a strong bullish trend with recent upward momentum. The EMAs are diverging, which confirms the strength of the uptrend.
On the other hand, we see that the Volume Oscillator shows spikes in volume accompanying price increases, indicating strong buying interest. Worldcoin traded at $2.08 as of press time, representing a 15.8% increase over the last 24 hours.
Starknet Price Review
Starknet, $STRK, is also among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that the Supertrend is in a bullish phase with the green background, confirming an ongoing uptrend. Recent candles have sharply moved higher, indicating strong buying momentum.
On the other, hand, we see that the MFI is in the overbought zone above 80, suggesting potential profit-taking or a correction might occur soon. Starknet traded at $0.4842 as of press time, representing a 14.24% increase over the last 24 hours.
Shiba Inu Price Review
Shiba Inu, $SHIB, the Shiba Inu price is following the upper trendline of the Pitchfork, indicating strong bullish momentum. The ADX is rising but below 30, showing a strengthening trend but not yet in the strong trend zone.
The sharp upward movement in recent candles shows buyers are in control. Shiba Inu traded at $0.00001641 as of press time, representing a 10.44% increase over the last 24 hours.
