The bulls are in control in today’s session, as seen from the increase in the global market cap. The total cap stood at $2.3T as of press time, representing a 2.59% increase over the last 24 hours, while the trading volume dropped by 37% over the same period to stand at $88.18B as of press time.
Bitcoin Price Review
Bitcoin, $BTC, has posted gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the Bitcoin price is trading above the 50, 100, and 200 Simple Moving Averages (SMA), indicating a strong bullish trend. The 50 SMA (yellow) is above the 100 SMA (green) and 200 SMA (blue), supporting an upward momentum.
On the other hand, we see that the Relative Strength Index (RSI) is at 65.97, approaching overbought levels but still within a healthy range, suggesting there is room for further upside before a potential correction. Bitcoin traded at $65,486 as of press time, representing a 0.08% increase over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, is also another gainer in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the Ethereum price is near the upper band of the Bollinger Bands, indicating strong bullish pressure. The bands are widening, which suggests increasing volatility.
On the other hand, we see that RSI is at 51.88, which shows neutral momentum, giving room for further price movement either upwards or downwards. Ethereum traded at $2,621 as of press time, representing a 1.22% increase 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. Looking at an in-depth analysis, we see that the Alligator indicator lines (blue, red, and green) are wide open and pointing upwards, showing a clear bullish trend. The price is riding above all the Alligator lines, confirming strong buying momentum.
On the other hand, we see that the Volume Oscillator shows a positive divergence, which aligns with the upward price movement, suggesting sustained bullish activity. Wormhole traded at $0.3166 as of press time, representing a 17.27% increase over the last 24 hours.
Pepe Price Review
Pepe, $PEPE, is also among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that the Pepe price is trading well above the Ichimoku Cloud, which is a strong bullish signal. The cloud ahead is also bullish (green), indicating further upside potential.
On the other hand, we see that the Average Directional Index (ADX) is at 43.40, suggesting a strong trend. This is supportive of continued upward momentum. Pepe traded at $0.00001042 as of press time, representing a 16.67% increase over the last 24 hours.
Shiba Inu Price Review
Shiba Inu, $SHIB, is also among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the Supertrend indicator is showing a buy signal, with the price trending above the green Supertrend line. This supports a bullish stance.
On the other hand, we see that the Volume Oscillator is picking up slightly, which might support the ongoing rally. However, a higher volume would be more supportive of sustained bullish momentum. Shiba Inu traded at $0.00001907 as of press time, representing a 16% increase over the last 24 hours.
Source: https://blockchainreporter.net/daily-market-review-btc-eth-w-pepe-shib/