Despite declining trading activities, bulls are regaining control of markets, as seen from the increasingly global market cap. The global cap rose 0.97% in the last 24 hours to $1.98T as of press time, while the trading volume dropped by 19% to $50B.
Bitcoin Price Review
[ccpw id=60415], the crypto king, seems to be in a recovery phase now as it posts minor gains in today’s session. The Bitcoin price is near the middle Bollinger Band (20 SMA). The bands are moderately wide, indicating some volatility in the Bitcoin price movement. No clear trend is shown as the price oscillates around the middle band.
The Relative Strength Index (RSI) is just above the midpoint at around 55, suggesting a slight bullish momentum but not overbought. The Bitcoin price Action is below the 20-period Simple Moving Average (SMA), which could be a bearish signal, yet it’s not decisive as it is close to the SMA. The Bitcoin price stood at $51.6K as of press time, representing a 1% increase within the last 24 hours.
Ethereum Price Review
[ccpw id=60480] has also appeared among the gainers as it crosses the $3K mark. Looking at the Ichimoku Cloud, we notice that the Ethereum price is above the cloud, indicating a bullish trend. The green cloud is widening, which implies a strengthening trend.
On the flip side, the MACD line (blue) is above the signal line (orange), which is bullish. However, the histogram bars are decreasing in height as they head for the negative side, indicating that bullish momentum may wane. The Ethereum price stood at $3034 as of press time, representing a 2.5% increase within the last 24 hours.
Filecoin Price Review
[ccpw id=65914] has also managed to post gains today. Analyzing FIL charts, we notice the Alligator Indicator lines are intertwined, and the price action is close to these lines, suggesting a lack of a clear trend or a consolidation phase on the Filecoin price.
Additionally, the oscillator is around zero, indicating no significant difference between the current and average volumes, reflecting a lack of solid buying or selling pressure. The Filecoin price stood at $8.42 as of press time, representing a 6% increase within the last 24 hours.
Kaspa Price Review
Kaspa (KAS) has also managed to post notable gains in today’s session. This is seen by the Kaspa price movement, which is within the upper half of the pitchfork, indicating a bullish trend. It’s currently near the median line, which could act as support.
The ADX (Average Directional Index) is above 25, which suggests a strong trend. The positive value indicates that the Kaspa price trend is upward. The Kaspa price stood at $0.1722 as of press time, representing a 3.8% increase within the last 24 hours.
NEAR Protocol Price Review
NEAR Protocol (NEAR) wraps up our list today as it also managed to post gains today. The ADX (Average Directional Index) has an ADX value of around 33. This suggests a strong trend, which has been bullish based on the NEAR Protocol price action.
On the other hand, the Awesome Oscillator (AO) histogram is above the zero line but decreasing, indicating the bullish momentum is slowing down. The bars are turning red, which could precede a potential bearish reversal. The NEAR price stood at $3.7 as of press time, representing a 3.94% increase within the last 24 hours.
