The bulls are in total control in today’s session, as seen from the increase in the global market cap. The total cap stood at $3.52T as of press time, representing a 5.31% increase over the last 24 hours, while the trading volume jumped by 28.25% over the same period to stand at $171.2B as of press time.
Bitcoin Price Review
Bitcoin, $BTC, is posting gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that BTC has experienced high volatility, with price movements interacting frequently with both the upper and lower Bollinger Bands.
On the other hand, we see that the RSI is currently at 51.08, indicating a neutral momentum but with room for further upside. Bitcoin traded at $102,880 as of press time, representing a 3.91% 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 Ethereum price is currently below the Tenkan-sen (blue line) but approaching resistance around $3,224 (Kijun-sen red line). A breakout above the cloud could indicate a bullish reversal.
On the other hand, we see that the MFI Analysis is at 36.91, suggesting weak buying momentum and that ETH is not yet overbought. Ethereum traded at $3,201 as of press time, representing a 4% increase over the last 24 hours.
Jupiter Price Review
Jupiter, $JUP, is among the day’s top gainers as also seen from its price movements. Looking at an in-depth analysis, we see that JUP has shown a strong uptrend with the price pushing above key moving averages. The 50 SMA is above the 100 and 200 SMAs, indicating a bullish trend continuation.
On the other hand, we see that the Awesome Oscillator (AO) shows positive histogram bars indicating growing bullish momentum. Jupiter traded at $1.23 as of press time, representing a 24.35% increase over the last 24 hours.
Ripple Price Review
Ripple, $XRP, 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 XRP has been trending upwards but faced a sharp pullback before rebounding. The moving averages are still intertwined, indicating indecision. A breakout above $3.15 would confirm a new uptrend.
On the other hand, we see that the MFI Analysis is at 46.74, suggesting neutral momentum. Ripple traded at $3.10 as of press time, representing a 9.91% increase over the last 24 hours.
Sui Price Review
Sui, $SUI, 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 SUI has been in a downtrend, with a recent rebound from the $3.80 region. This still indicates a bearish trend with resistance around $4.01.
On the other hand, we see that the MACD histogram is turning positive, suggesting a potential bullish crossover. Sui traded at $3.92 as of press time, representing a 8.91% increase over the last 24 hours.
Source: https://blockchainreporter.net/daily-market-review-btc-eth-jup-xrp-sui/