Bulls and bears are battling for control of today’s session, as seen from the movement of the global market cap. The total cap stood at $3.61T as of press time, representing a 0.06% decrease over the last 24 hours, while the trading volume jumped by 20.13% over the same period to stand at $195.36B as of press time
Bitcoin Price Review
Bitcoin, $BTC, posted a notable increase in today’s session, as seen from its price movements. Looking at an in-depth analysis, Bollinger Bands indicate a breakout pattern. Price is testing the upper band, suggesting bullish momentum.
On the other hand, we see that the RSI at 67.73 shows near overbought conditions but still allows room for upward movement. Bitcoin traded at $103,841 as of press time, representing a 1.14% increase over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, is not 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 moving averages (50, 100, 200 SMA) suggest ETH is in a recovery phase but facing significant resistance at $3,432 (200 SMA).
On the other hand, we see that the MFI is at 46.52 shows neutral momentum with no clear signs of overbought or oversold. Ethereum traded at $3,315 as of press time, representing a 2.28% decrease over the last 24 hours.
Jupiter Price Review
Jupiter, $JUP, is also among the top gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that the Alligator indicator shows the lines expanding, confirming a strong bullish breakout.
On the other hand, we see that the Awesome Oscillator (AO) is green with rising bars, reinforcing positive momentum. Jupiter traded at $0.9912 as of press time, representing a 19.47% increase over the last 24 hours.
Bonk Price Review
Bonk, $BONK, 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 Ichimoku Cloud analysis shows price breaking above the cloud, signaling bullish sentiment.
On the other hand, we see that the Volume Oscillator at 12.15% suggests increasing trading activity, confirming the breakout. Bonk traded at $0.00003348 as of press time, representing a 11.22% increase over the last 24 hours.
Solana Price Review
Solana, $SOL, is also among the top gainers as also seen from its price movements. Looking at an in-depth analysis, we see that the supertrend indicator is in a bullish phase with a support level of $217.74.
On the other hand, we see that the MFI at 91.00 suggests overbought conditions, cautioning a possible retracement. Solana traded at $239.82 as of press time, representing a 9.05% increase over the last 24 hours.
Source: https://blockchainreporter.net/daily-market-review-btc-eth-jup-bonk-sol/