Today’s market session has seen bulls regain control of the markets as seen from the increase in the global market cap. The total cap stood at $2.57T as of press time, representing a 0.13% increase over the last 24 hours.
Ethereum Price Review
Ethereum (ETH) is among the gainers in today’s session, as seen from its price movements. Looking at an in-depth analysis of Ethereum price charts, we see that Ethereum is trading near the upper band, suggesting it is potentially overbought in the short term. However, this could also indicate a strong uptrend if the price hovers around or above the upper band without significant pullbacks.
On the other hand, the ADX (Average Directional Index): At 21.95, the ADX indicates a developing trend, suggesting the recent upward momentum could have the strength to continue. As of press time, the Ethereum price stood at $3,937, a 3.4% increase in valuation over the last 24 hours.
Floki Price Review
Floki (FLOKI) is also among the gainers in today’s session, as seen from its price movements. In-depth analysis shows that the jaw (blue line), teeth (red line), and lips (green line) of the Alligator are opening and aligning upward, indicating a bullish phase.
On the other hand, the RSI (Relative Strength Index): Currently at 80.05, the RSI is in the overbought territory, suggesting caution as there might be a potential retracement or consolidation in the near term due to overbuying. As of press time, the Ethereum price stood at $0.0002859, a 26.7% increase in valuation over the last 24 hours.
Wormhole Price Review
Wormhole (W) is also among the gainers in today’s session, as seen from its price movements. An in-depth analysis shows that the Wormhole price is currently breaking out above the Ichimoku cloud, suggesting a change to a bullish trend in the medium-term outlook.
On the other hand, the Supertrend indicator has turned green and moved below the price, confirming the bullish signal suggested by the break above the cloud. As of press time, the Wormhole price stood at $0.6138, an 8.45% increase in valuation over the last 24 hours.
Dogwifhat Price Review
As the price movements also show, Dogwifhat (WIF) was another gainer in today’s session. An in-depth analysis shows that the Dogwifhat price action is above the cloud, suggesting a bullish sentiment. The future cloud is also turning green, supporting this optimistic outlook.
On the other hand, the Woodies CCI is in positive territory, confirming the bullish trend observed with other indicators. As of press time, the Dogwifhat price stood at $3.32, a 9.7% increase in valuation over the last 24 hours.
Pepe Price Review
Pepe (PEPE) is still among the gainers in today’s session as evidenced by its price movements. An in-depth analysis shows that the pitchfork shows an upward channel with price action respecting the median line. This suggests that the price is well-supported during retracements and tends to gravitate toward the median line after deviations.
On the other hand, the volume oscillator is at -2.34%, indicating a slight decrease in volume relative to the moving average. As of press time, the Pepe price stood at $0.00001687, a 7.8% increase in valuation over the last 24 hours.
