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 $3.55T as of press time, representing a 1.65% increase over the last 24 hours, while the trading volume jumped by 15.4% over the same period to stand at $130.13B 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 is trading slightly above the 100-SMA ($102,492.98) and near the 50-SMA ($103,635.72), indicating short-term support. The 200-SMA ($99,026.76) remains the strongest long-term support level.
On the other hand, we see that the ADX (14) at 14.32 suggests a weak trend, implying consolidation or a lack of strong momentum in either direction. Bitcoin traded at $105,142 as of press time, representing a 2.39% increase over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, 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 ETH is trading near the middle Bollinger Band (20-SMA), indicating a neutral stance. The Ethereum price has recently tested the lower Bollinger Band ($3,049.00) and bounced, indicating buying pressure.
On the other hand, we see that the Volume Oscillator is at -0.81%, suggesting weakening volume, which may lead to range-bound movement. Ethereum traded at $3,194 as of press time, representing a 1.27% increase over the last 24 hours.
Ondo Finance Price Review
Ondo Finance, $ONDO, 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 ONDO has broken above the Ichimoku Cloud, signaling a potential bullish breakout. The leading span of the Ichimoku Cloud is turning bullish, supporting further gains.
On the other hand, we see that the AO is positive and increasing, indicating rising bullish momentum. Ethereum traded at $1.57 as of press time, representing a 12.88% increase over the last 24 hours.
Litecoin Price Review
Litecoin, $LTC, 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 Alligator indicator suggests an uptrend as the green, red, and blue moving averages are aligned upwards. Recent breakout with strong bullish candles confirms an upward move.
On the other hand, we see that the Volume Oscillator at 34.51% suggests rising volume, supporting the breakout. Litecoin traded at $127.34 as of press time, representing a 10.88% increase over the last 24 hours.
Flare Price Review
Flare, $FLR, 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 indicator has flipped green, indicating a bullish shift. The Flare price has bounced strongly from recent lows, confirming support.
On the other hand, we see that the MFI is at 58.92 suggests moderate buying pressure but is not yet overbought. Flare traded at $0.02589 as of press time, representing a 7.43% increase over the last 24 hours.
Source: https://blockchainreporter.net/daily-market-review-btc-eth-ondo-flr-ltc/