Markets now face mild corrections in attribution to yesterday’s massive pump that saw several altcoins and Bitcoin pump. The global market cap is currently at $2.28T as of press time, representing a 1.8% drop in the last 24 hours.
Bitcoin Price Review
The Bitcoin (BTC) chart shows the recent uptrend fading, as the recent red candlesticks indicate. The Bollinger Bands are approaching each other, suggesting dropping volatility as the [ccpw id=60415] faces minor retracements.
The Bitcoin price is currently trading near the lower Bollinger Band. The moving average (orange line) is softening out its upward trend, and the Bitcoin price is below it, confirming the fading bullish trend. The Woodies CCI still fluctuates around the zero line, showing some indecision in the short term, but remains in generally bullish territory. The Bitcoin price stood at $61.7K as of press time, representing a 2.2% dump in the last 24 hours.
Ethereum Price Review
Ethereum’s (ETH) chart also shows a short retractment. However, despite this, the [ccpw id=60480] is trading above the green Supertrend line, indicating a general bullish trend. The Moving Average Convergence Divergence (MACD) is below the signal line as it now retracts to the zero line, which is bullish.
The MACD shortening of the red histograms as they head toward the green zone could indicate a change in direction from the Ethereum price corrections, indicating another looming pump. The Ethereum price stood at $3385 as of press time, representing a 2.9% dump in the last 24 hours amid the corrections.
Fetch.ai Price Review
Despite the corrections, Fetch.ai (FET) has defied the odds to emerge as today’s top gainer. The Supertrend is green and below the Fetch.ai price candles, suggesting a bullish current trend. The Fetch.ai price has remained above the Supertrend line, reinforcing the strength of the uptrend.
The recent price action shows a sharp increase, indicating strong buying interest. The price is currently hovering near the recent high, which could be a resistance zone. If the price sustains above this level, it may signal continued bullish momentum. The ADX line is well above 25, which suggests a strong trend. The Fetch.ai price stood at $1.63 as of press time, representing a 23.9% jump in the last 24 hours.
Axelar Price Review
Axelar (AXL) has also defied the odds to emerge as the second top gainer. Looking at the alligator, the lines start to diverge, indicating that a new trend may be forming. The price has just moved sharply upward, which suggests the beginning of a bullish trend. The Axelar price action shows a recent breakout to the upside with a significant green candlestick. This suggests a strong buying pressure that has pushed the price beyond previous resistance levels.
The current MFI reading is around 70.70, which is relatively high but not yet in the overbought region, suggesting that there may still be room for the price to increase before becoming overbought. The Axelar price stood at $1.87 as of press time, representing a 20% jump in the last 24 hours.
Singularity Net Price Review
Singularity Net (AGIX) emerged today as the last top gainer to wrap up our list. The chart shows a strong bullish trend, with Singularity Net price consistently increasing. The Auto Pitchfork tool shows the Singularity price trading above the upper half of the pitchfork, indicating intense buying pressure.
The Volume Oscillator is positive, suggesting that volume is increasing on up days, which supports the bullish Singularity Net price action. The Singularity Net price stood at $0.8404 as of press time, representing a 17.9% pump in the last 24 hours.
