The bulls are in control of today’s session, as seen from the increase in the global market cap. The total cap stood at $2.24T as of press time, representing a 2.19% increase over the last 24 hours, while the trading volume also jumped by 40% over the same period to stand at $63.36B 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, the chart shows Bitcoin in an uptrend as indicated by the recent candles forming above the Alligator’s jaw (the green line), which is often considered a support level in an uptrend. The Alligator lines are well-aligned with the green, red, and blue lines in ascending order, reinforcing the bullish sentiment.
On the other hand, we see that the Volume Oscillator is above zero, suggesting an increase in trading volume supporting the upward price movement. Bitcoin traded at $64,567 as of press time, representing a 2.69% increase over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, 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 Supertrend indicator is the green line providing dynamic support below the price bars, which suggests a bullish trend whenever the Ethereum price is above this line.
On the other hand, we see that the MFI in the chart is around 76.37, which suggests that buying pressure is strong, as MFI values above 50 generally indicate more upward pressure (buying). Ethereum traded at $2,527 as of press time, representing a 2.46% increase over the last 24 hours.
Ethena Price Review
Ethena, $ENA, is also among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that Ethena has shown a significant upward trend, as indicated by the price movement above the upper Bollinger band. This could sometimes signal an overextended market, but the strong bullish candles suggest sustained buyer interest.
On the other hand, we see that the ADX (Average Directional Index) is high, indicating a strong trend. Ethereum traded at $0.3965 as of press time, representing a 16.85% increase over the last 24 hours.
Brett Price Review
Brett, $BRETT, is also among the top gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the chart indicates a sharp uptrend, with the price moving well above the moving averages, suggesting strong bullish momentum.
On the other hand, we see that the RSI is in the overbought territory at 83.19, which often signals that the asset might be overvalued in the short term and could face a pullback. Brett traded at $0.1149 as of press time, representing a 19.17% increase over the last 24 hours.
Worldcoin Price Review
Worldcoin, $WLD, is also among the gainers in today’s session as also seen from its price movements in today’s session. Looking at an in-depth analysis, we see that the Worldcoin chart displays a strong bullish candle breaking significantly above the Ichimoku cloud, indicating a robust bullish trend. The breakout is accompanied by a substantial increase in price, which suggests strong buying interest.
On the other hand, we see that the RSI is currently at 74.86, which is near the overbought territory. This indicates strong buying momentum but also suggests that the asset might be reaching levels where a retracement or consolidation could occur soon. Worldcoin traded at $2.32 as of press time, representing a 14% increase over the last 24 hours.
Source: https://blockchainreporter.net/daily-market-review-btc-eth-ena-brett-wld/