Markets have started today’s session on bull activity, as evidenced by the increasing market cap. The global market cap is 1.96%, representing a 0.7% increase in the last 24 hours.
Bitcoin Price Review
Looking at charts, we notice the Bitcoin price is consolidating within the Bollinger Bands, with recent candles close to the lower band, suggesting potential support or a bearish momentum if the price breaks below it.
The Bitcoin price is below the 20-SMA, indicating a bearish short-term trend. The ADX (Average Directional Index) is around 23.56, the trend strength is moderate, and the market is neither overbought nor oversold. The Bitcoin price stood at $51.03K as of press time, representing a 0.14% increase in the last 24 hours.
Ethereum Price Review
has also managed to pick itself up, posting slight gains. The MACD (Moving Average Convergence Divergence) line (blue) is below the signal line (orange), indicating bearish momentum. However, the histogram is losing downward momentum, which could signal a potential reversal or consolidation.
On the other hand, RSI (Relative Strength Index) is near the midpoint (around 52), suggesting a balance between buying and selling pressures. The Ethereum price stood at $2955 as of press time, representing a 0.8% increase in the last 24 hours.
Uniswap Price Review
Uniswap (UNI) has emerged as the top gainer today amid yesterday’s update. The update has since seen massive inflows onto UNI, attributed to the massive spike. The Uniswap price being above the Supertrend line suggests a bullish trend.
The Volume Oscillator has a reading of -27.61%, indicating a significant decrease in volume, which could mean less conviction in the current price movement. The Uniswap price stood at $11.90 as of press time, representing a massive 66% increase in the last 24 hours.
PancakeSwap Price Review
PancakeSwap (CAKE) has also emerged among today’s top gainers. Looking at the Alligator, all lines are spread out and sloping upwards, indicating a bullish trend. The CCI is above the zero line but showing some downward ticks.
This suggests that the bullish momentum might be slowing down or reversing. The PancakeSwap price stood at $3.35 as of press time, representing a 17% increase in the last 24 hours.
Flow Price Review
Flow (FLOW) is our last gainer today. Looking at the Auto Pitchfork, the Flow price is at the upper half of the pitchfork, indicating a bullish trend but near the resistance line of the pitchfork, which could suggest a possible reversal.
On the flip side, the Awesome Oscillator (AO) is above zero, showing green bars, indicating bullish market momentum. The Flow price stood at $1.03 as of press time, representing an 8.8% increase in the last 24 hours.
Source: https://blockchainreporter.net/daily-price-review-btc-eth-uni-cake-flow/