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 $2.07T as of press time, representing a 3.08% increase over the last 24 hours, while the trading volume dropped by 0.18% over the same period to stand at $55.78B as of press time.
Bitcoin Price Review
Bitcoin, $BTC, has posted gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the Bitcoin price is moving within the Bollinger Bands, suggesting periods of volatility. Recently, Bitcoin’s price has crossed above the middle band, indicating a potential bullish trend.
On the other hand, we see that the Awesome Oscillator shows a transition from negative to positive, confirming the momentum shift to bullish. The histogram is green, indicating increasing bullish momentum. Bitcoin traded at $59,093 as of press time, representing a 2.8% increase over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, is among the gainers in today’s session as seen from the price movements as well. Looking at an in-depth analysis, we see that the Alligator indicator’s lines are intertwined, suggesting a ranging market. However, the recent slight divergence hints at a possible breakout.
On the other hand, we see that the MFI is around 50, which indicates a balanced supply and demand. It’s neither overbought nor oversold, suggesting the potential for a directional move. Ethereum traded at $2,519 as of press time, representing a 3.4% increase over the last 24 hours.
ORDI Price Review
ORDI, $ORDI, 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 ORDI price has recently broken above the Ichimoku Cloud, indicating a potential bullish trend. The leading span is also green, confirming a positive outlook.
On the other hand, we see that the ADX is below 25 but pointing upwards, suggesting that while the trend is not currently strong, it could be gaining strength. ORDI traded at $32.24 as of press time, representing a 22.49% increase over the last 24 hours.
Dogwifhat Price Review
Dogwifhat, $WIF, 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 Dogwifhat price has recently moved above the Supertrend line, shifting from a sell to a buy signal, indicating a bullish trend.
On the other hand, we see that the MFI is above 65, suggesting that the asset is approaching an overbought territory. It indicates strong buying pressure but also caution for a potential pullback. Dogwifhat traded at $1.59 as of press time, representing a 14.36% increase over the last 24 hours.
MANTRA Price Review
MANTRA, $OM, 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 MANTRA price is approaching the median line of the Pitchfork, which could act as resistance. A breakout above this line may indicate further bullish momentum.
On the other hand, we see that the Volume Oscillator shows a spike, suggesting an increase in trading activity which can indicate the start of a new trend. MANTRA traded at $0.9951 as of press time, representing a 14.06% increase over the last 24 hours.
Source: https://blockchainreporter.net/daily-market-review-btc-eth-ordi-wif-om/