Bulls Dominate Global Market Cap as Trading Volume Decreases
In today’s session, the bulls continue to control the market, resulting in an increase in the global market cap. At press time, the total cap stands at $2.37 trillion, reflecting a 0.79% increase over the last 24 hours. However, the trading volume has dropped by 16.94% during the same period, standing at $75.16 billion.
Bitcoin Price Analysis
Bitcoin ($BTC) is not experiencing gains in today’s session, as indicated by its price movements. A detailed chart analysis reveals that the Bitcoin price is currently above the middle Bollinger Band, suggesting a potential uptrend. The wide bands indicate high volatility.
Additionally, the Average Directional Index (ADX) value for Bitcoin is 22.40. A value below 25 signifies a weak trend, indicating that Bitcoin is currently not in a strong trend phase. As of press time, Bitcoin is trading at $64,131, representing a 1.29% decrease over the past 24 hours.
Ethereum Price Analysis
Similar to Bitcoin, Ethereum ($ETH) is not among the gainers this week, based on its price movements. An in-depth analysis reveals that the Supertrend indicator is showing a buy signal, indicating a bullish trend. The green area below the price acts as a support level.
Furthermore, the Awesome Oscillator (AO) is displaying a positive value, indicating bullish momentum. Ethereum is currently trading at $3,430, reflecting a 0.5% decrease over the last 24 hours.
MANTLE Price Analysis
MANTLE (MNT) is one of the gainers in today’s session, as observed from its price movements. A detailed analysis reveals that all lines of the Alligator indicator are aligned upwards, indicating a strong uptrend. The MANTLE price is above all three lines, further confirming the bullish trend.
In contrast, the Woodies CCI has a value of 130.6887, indicating strong bullish momentum. At press time, MANTLE is trading at $0.8573, reflecting a 10.9% increase over the past 24 hours.
Dogwifhat Price Analysis
Dogwifhat ($WIF) is also among the gainers today, as evidenced by its current price movements. An in-depth analysis shows that the Dogwifhat price is above the cloud, indicating a bullish trend. The upper edge of the cloud serves as a support level.
However, the Relative Strength Index (RSI) is at 69.81, nearing overbought conditions. This suggests the potential for a pullback in the asset. Dogwifhat is currently trading at $2.45, reflecting a 7.5% increase over the past 24 hours.
Jupiter Price Analysis
Jupiter ($JUP) is another gainer in today’s session, as seen from its price movements. A detailed analysis reveals that the Jupiter price is following the upper channel, indicating an uptrend. The pitchfork lines act as dynamic support and resistance levels.
Moreover, the Average Directional Index (ADX) value is 43.93, indicating a strong trend and confirming the current uptrend in Jupiter. At press time, Jupiter is trading at $0.9847, reflecting a 2.5% increase over the past 24 hours.