The bulls are in control of today’s session, as seen from the increase in the global market cap. The total cap stood at $2.31T as of press time, representing a 0.29% increase over the last 24 hours, while the trading volume also dropped by 24% over the same period to stand at $80.56B 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 Bitcoin is currently trading above the Ichimoku cloud, indicating a strong bullish trend. The price appears to have found support near the cloud’s upper boundary (around $67,262), and the bullish trend is continuing.
On the other hand, we see that the Awesome Oscillator (AO) is showing green bars, confirming upward momentum, but the histogram bars are flattening, which could indicate a potential slowdown in bullish momentum in the short term. Bitcoin traded at $67,121 as of press time, representing a 0.28% 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 Ethereum is trading above the 50, 100, and 200-period moving averages, suggesting that the bulls are in control. The moving averages are beginning to spread out, which is usually a sign of strengthening momentum.
On the other hand, we see that the Money Flow Index (MFI) is at 47.17, which shows that there is no overbought or oversold condition at this time. The neutral reading suggests that there could be more room for upside. Ethereum traded at $2,623 as of press time, representing a 0.64% increase over the last 24 hours.
FTX Token Price Review
FTX Token, $FTT, 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 shows a buy signal as the current price ($2.08) is above the Supertrend line ($1.79), indicating bullish momentum.
On the other, hand we see that the Money Flow Index (MFI) is at 55.70, suggesting moderate buying pressure. This level indicates that the market is not yet overbought, so there could be room for additional upward movement. FTX Token traded at $2.10 as of press time, representing a 15.69% increase over the last 24 hours.
Bonk Price Review
Bonk, $BONK, is also among the gainers in today’s session as seen from its price movements in today’s session. Looking at an in-depth analysis, we see that the Bonk price is near the upper band, which indicates that BONK might be approaching an overbought condition. The bands have widened, showing increased volatility.
On the other hand, we see that the Money Flow Index (MFI) is at 71.62, indicating that the asset is nearing overbought territory. This could suggest a potential pullback in the near future. Bonk traded at $0.00002408 as of press time, representing a 9.51% increase over the last 24 hours.
Cat in a Dogs World Price Review
Cat in a Dogs World, $MEW, is also among the top gainers today as also seen from the price movements. Looking at an in-depth analysis, we see that The Alligator lines (green, red, and blue) are spread apart, showing that a clear trend is in place. MEW is in a bullish trend with alligator lines aligning in the direction of the upward move.
On the other hand, we see that the Awesome Oscillator (AO) is displaying green bars, which confirms the ongoing bullish momentum. However, some bars are starting to flatten out, suggesting a potential weakening in momentum. Cat in a Dogs World traded at $0.008358 as of press time, representing a 5.58% increase over the last 24 hours.
Source: https://blockchainreporter.net/daily-market-review-btc-eth-ftt-bonk-mew/