The bulls are still in control in today’s session, as seen from the increase in the global market cap. The total cap stood at $2.16T as of press time, representing a 2.11% increase over the last 24 hours, while the trading volume dropped by 21.4% over the same period to stand at $53.9B as of press time.
Bitcoin Price Review
Bitcoin (BTC) is among the gainers in today’s session, as seen from its price movements. An in-depth analysis shows the Bitcoin price is currently consolidating near the middle band, which is also the 20-period SMA. This indicates a period of low volatility and a potential buildup for the next move.
On the other hand, the Awesome Oscillator (AO)is currently showing green bars, indicating a potential shift to bullish momentum. The bars have crossed above the zero line, which is a bullish signal. As of press time, Bitcoin traded at $58,167, representing a 1.95% increase over the last 24 hours.
Ethereum Price Review
Ethereum (ETH) is also among the gainers in today’s session, as seen from the price movements. An in-depth analysis shows The Alligator’s Jaw (blue line), Teeth (red line), and Lips (green line) are converging, indicating a period of consolidation and potential indecision in the market.
On the other hand, the Woodies CCI is 82.13, indicating the market is entering the overbought zone. However, the CCI has shown sideways movement recently, suggesting a lack of strong momentum. As of press time, Bitcoin traded at $3,139, representing a 2.08% increase over the last 24 hours.
Ripple Price Review
Ripple (XRP) is also among the gainers in today’s session, as seen from the price movements. An in-depth analysis shows that the Ripple price is above the Ichimoku Cloud, indicating a strong bullish trend. Leading Span A (green line) and Leading Span B (red line) are widening, which supports the bullish outlook.
On the other hand, the ADX is at 32.65, indicating a strong trend. The upward movement in the ADX suggests that the current bullish trend is gaining strength. As of press time, Ripple traded at $0.5135, representing a 10.98% increase over the last 24 hours.
Internet Computer Price Review
Internet Computer (ICP) is among the top gainers in today’s session, as seen from the price movements. In-depth analysis shows that the Supertrend indicator shows a buy signal, with the price above the green Supertrend line, currently at $7.439.
On the other hand, the Money Flow Index (MFI) is at 53.84, indicating moderate buying pressure. The MFI is not in the overbought zone, suggesting there is still room for the price to move higher. As of press time, Internet Computer traded at $7.94, representing a 10.47% increase over the last 24 hours.
Stellar Price Review
Stellar (STX) is also among the gainers today, as seen from the price movements. An in-depth analysis shows that the Stellar price is following an upward trajectory within the pitchfork channels. The recent movement shows the price touching the upper resistance line of the pitchfork.
On the other hand, the Volume Oscillator is at 17.56%, indicating increased trading activity. This supports the bullish price movement. As of press time, Stellar traded at $0.102, representing an 11.9% increase over the last 24 hours.
