The current market session is dominated by bulls, evident from the rise in the global market cap which now stands at $2.39 trillion, marking a 5.73% increase in the last 24 hours. Trading volume also saw a significant surge, reaching $100.12 billion, a 46% increase over the same period.
Bitcoin (BTC) is one of the top performers today, with its price showing an upward trend. Analysis of Bitcoin price charts indicates that it is testing the upper band, hinting at a potential overbought condition. A reversion to the mean around $63,684 could happen if the price fails to break and maintain above the upper band. The Woodies CCI is currently at 38, suggesting mild bullish momentum, although the previous value was -159, indicating recent bearish pressure. Keep an eye out for a CCI break above 100 for stronger bullish confirmation. At present, the Bitcoin price is at $65,237, showing a 0.5% increase from its previous 24-hour price.
Ethereum (ETH) is experiencing consolidation after recent price surges, with moving averages intertwined, indicating a lack of clear trend. A decisive move and separation of the lines will signal the direction of the trend. The RSI sits at around 50.98, showing a neutral condition. Ethereum’s price stands at $2,944 at press time, a 1.2% decrease from its previous 24-hour price.
Fantom is also showing positive movement, with its price above the cloud signaling a bullish trend. The MACD histogram reflects positive momentum, supporting the bullish trend. Fantom’s price is currently at $0.7913, marking a 13.6% increase from its previous 24-hour price.
Jito (JTO) is among the top gainers today, with the Supertrend indicator showing a bullish trend. The Awesome Oscillator indicates positive momentum with buying pressure. Jito’s price is at $4.66, showing a 16.5% increase from its previous 24-hour price.
ConstitutionalDAO (PEOPLE) is facing corrections, with the price recently breaking above the upper trend line, suggesting strong bullish momentum. The RSI indicates overbought conditions, hinting at a possible pullback or consolidation. At present, the ConstitutionalDAO price is at $0.04558, marking an 8.5% decrease from its previous 24-hour price.