Bulls control today’s session as seen from the rising global market cap. The total cap stood at $2.47T, representing a 1% pump over the last 24 hours while the trading volume dropped by 31% within the same period to $70.6B.
Bitcoin Price Review
[ccpw id=60415] has recorded slight gains today as the crypto king struggles to exit its consolidation phase. The Bitcoin price appears to be oscillating within a Bollinger Band range, which indicates a degree of stability but also suggests that Bitcoin is neither overbought nor oversold.
The Bollinger Bands are moderately wide, signifying a medium level of market volatility. On the other hand, the RSI (Relative Strength Index) is hovering around the 50 mark, which typically signals neither strong bullish nor bearish momentum. The Bitcoin price stood at $64,986 as of press time representing a 0.7% pump over the last 24 hours.
Ethereum Price Review
The [ccpw id=60480] has been moving within the Ichimoku cloud, which can indicate a trendless or consolidating market. The width of the Ichimoku cloud suggests mild volatility with no sharp price movements expected in the immediate future.
The Williams %R indicator shows that Ethereum is not overbought or oversold. The last period shows a small green candlestick, indicating some building momentum on the Ethereum price. The Ethereum price stood at $3,374 as of press time representing a slight 0.38% pump over the last 24 hours.
eCash Price Analysis
eCash (XEC) the Supertrend indicator below the eCash price suggests a bullish trend. The Bollinger Bands are starting to expand, which could imply an increase in volatility. The Awesome Oscillator is above zero and green, which indicates bullish momentum.
The recent eCash Price Movement suggests a green candlestick, a strong price increase in the last period. The eCash price stood at $0.00006298 as of press time representing a 16.7% pump over the last 24 hours.
BitTorrent Price Analysis
BitTorrent (BTT) is today’s second-highest gainer, as seen from its charts. The Alligator indicator suggests the trend might be shifting to bullish as the lines are starting to fan out with the green line (the lips) potentially crossing above the red (the teeth) and blue (the jaw) lines. There is moderate spacing between the Alligator lines, suggesting average market volatility.
The Woodie’s CCI is around the zero line, indicating a lack of strong momentum. The last candlestick is green but not significantly different from the preceding few, showing continued interest but not a strong BiTorrent price movement. The BitTorrent price stood at $0.000001547 as of press time representing a 13% pump over the last 24 hours.
Conflux Price Review
Conflux (CFX) is the third top gainer in today’s session. The Conflux price is above the Alligator indicator lines, suggesting a bullish trend. The Alligator lines are fairly close together, indicating low to medium volatility.
On the flip side, the Average Directional Index is rising but still below 25, suggesting that the current trend is getting stronger, though it’s not yet strong. A large green candlestick shows a significant increase in the Conflux price in the most recent period. The Conflux price stood at $0.00006286 as of press time representing a 17.3% pump over the last 24 hours.
