The bulls have started the week with the upper hand, as seen from the continous increase in the global market cap. The total cap stood at $2.21T as of press time, representing a 2.62% increase over the last 24 hours, while the trading volume also jumped by 52% over the same period to stand at $36.8B 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 approaching the upper band, indicating potential resistance or a possible continuation if the price breaks through.
On the other hand, we see that the Awesome Oscillator (AO) shows growing bullish momentum as evidenced by increasing green bars, supporting the uptrend signal. Bitcoin traded at $63,616 as of press time, representing a 2.7% increase over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, has also posted gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the jaws (blue), teeth (red), and lips (green) are expanding and aligned in an upwards direction, signaling a strengthening bullish trend.
On the other hand, we see that the Money Flow Index (MFI) is currently at 78.73, indicating that the asset is approaching overbought levels, which could prompt a pullback or consolidation. Ethereum traded at $2,485 as of press time, representing a 8.8% decrease over the last 24 hours.
Dogwihat Price Review
Dogwifhat, $WIF, has posted gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the chart shows a general uptrend with the price action above the Supertrend line.
On the other hand, we see that the Average Directional Index (ADX) is at 23.52, it suggests that the trend is starting to gain strength, but isn’t yet strongly established. Dogwifhat traded at $2.68 as of press time, representing a 21.8% increase over the last 24 hours.
Popcat PriceReview
Popcat, $POCAT, has posted gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that Exhibits a bullish trend with recent breakout above the Ichimoku cloud. The Popcat price is above the cloud, confirming bullish conditions.
On the other hand, we see that the ADX is 37.90, this high value confirms a strong trend presence, corroborating the strength of the bullish momentum. Popcat traded at $1.46 as of press time, representing a 18.44% increase over the last 24 hours.
Mog Coin Price Review
Mog Coin, $MOG, has also posted gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the 50, 100, and 200-period SMAs show a mixed signal with frequent crossovers indicating lack of a clear trend.
On the other hand, we see that the MFI is currently very high at 89.14, suggesting that the asset might be overbought which could lead to a potential price pullback. Mog Coin traded at $0.051734 as of press time, representing a 20.49% increase over the last 24 hours.
Source: https://blockchainreporter.net/daily-market-review-btc-eth-wif-popcat-mog/