The bulls have regained control of today’s session, as evidenced by the decline in the global market cap. As of press time, the total cap stood at $3.31 trillion, representing a 1.61% increase over the last 24 hours. However, the trading volume dropped by 8.8% over the same period to stand at $148.8 billion.
Bitcoin, $BTC, has experienced a significant rise in today’s session, as reflected in its price movements. Upon closer analysis, BTC has been testing the upper and lower bands, indicating high volatility. Currently, the price is moving upwards after touching the lower band, suggesting a potential rebound.
Meanwhile, the RSI stands at 63.05, indicating slightly bullish momentum. However, it has not yet reached the overbought zone, leaving room for further upward movement. As of press time, Bitcoin traded at $95,000, representing a 1.84% increase over the last 24 hours.
Ethereum, $ETH, is also among the gainers in today’s session, as evident from its price movements. Upon closer analysis, we see that the price is below the 50-day moving average (MA) but attempting to reclaim it, indicating short-term bearishness but potential recovery. Although a golden crossover (50 MA above 100/200 MAs) occurred earlier, the price has corrected since.
On the other hand, the Volume Oscillator shows a negative reading, suggesting declining trade volume, which could limit the strength of the recovery. Ethereum traded at $3,319 as of press time, representing a 0.29% increase over the last 24 hours.
Sui, $SUI, is among the top gainers in today’s session, as seen from its price movements. Upon closer analysis, we see that the lines are widening with the price above them, indicating a developing uptrend.
However, the MFI stands at 83.06, indicating that the MFI is in the overbought zone, suggesting that the uptrend could lose steam soon. Sui traded at $5.1 as of press time, representing a 10.90% increase over the last 24 hours.
Fantom, $FTM, is also among the gainers in today’s session, as reflected in its price movements. Upon closer analysis, we see that the price has broken above the cloud, which is a bullish signal. The lagging span also supports bullish momentum.
On the other hand, the ADX stands at 23.53, indicating weak trend strength, suggesting that the breakout may lack momentum. Fantom traded at $0.7355 as of press time, representing a 13.01% increase over the last 24 hours.
AIOZ Network, $AIOZ, is also among the top gainers today, as evident from its price movements. Upon closer analysis, we see that the price is near a bearish Supertrend level, acting as immediate resistance. A clear break above $0.96 is required for bullish continuation.
On the other hand, we see that the AO is transitioning from red to green bars, showing potential bullish divergence. AIOZ Network traded at $0.9565 as of press time, representing a 5.88% increase over the last 24 hours.