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 0.16% increase over the last 24 hours, while the trading volume jumped by 18.6% over the same period to stand at $83.82B as of press time.
Bitcoin Price Review
Bitcoin, $BTC, has failed to post gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the price the 100-hour SMA (yellow line) has just crossed above the 200-hour SMA (green line), which is a bullish indicator. However, the price is below the 50-hour SMA (red line), indicating some resistance at this level.
On the other hand, we see that the Awesome Oscillator shows an increase in green bars, suggesting growing bullish momentum. Bitcoin traded at $67,277 as of press time, representing a 0.52% increase over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, has failed to post gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that Ethereum is showing a downtrend as it trades below the 20-period Bollinger Band SMA and is capped by the upper Bollinger Band. The price has crossed below the 20-period SMA, indicating bearish momentum.
On the other hand, we see that the Money Flow Index (MFI) is at 57.01, showing moderate buying pressure but also potential for a downturn as it trends downwards. Ethereum traded at $2,549 as of press time, representing a 2.37% decrease over the last 24 hours.
Safe Price Review
Safe, $SAFE, is among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis we see that a sharp upward spike is noticeable, which suggests a sudden increase in buying interest. The price has moved sharply above the Ichimoku cloud.
On the other hand, we see that the Average Directional Index (ADX) is high at 39.29, indicating a very strong trend, confirmed by the recent price spike. Safe traded at $1.75 as of press time, representing a 73.91% decrease over the last 24 hours.
Popcat Price Review
Popcat, $POPCAT, is also among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that Popcat has been trending upwards, as indicated by its price movement above the Supertrend line and the Ichimoku cloud. The Popcat price has maintained a position above the cloud, affirming the bullish trend.
On the other hand, we see that the Awesome Oscillator shows increasing bullish momentum with a sequence of green bars increasing in height. Popcat traded at $1.62 as of press time, representing a 18.36% increase over the last 24 hours.
Cat in a dogs world Price Review
Cat in a dogs world, $MEW, is also among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that After a period of consolidation, MEW shows signs of a bullish breakout with the price moving above the Alligator indicator lines. The Cat in a dogs world price has recently crossed above all three moving average lines of the Alligator indicator, suggesting a potential continuation of the bullish trend.
On the other hand, we see that the MACD (Moving Average Convergence Divergence) displays increasing bullish momentum as the MACD line crosses above the signal line and both ascend sharply. Cat in a dogs traded at $0.01036 as of press time, representing a 13.72% increase over the last 24 hours.
Source: https://blockchainreporter.net/daily-market-review-btc-eth-safe-popcat-mew/