Today’s trading session is under the influence of bears, evident from the decline in the global market cap. The total cap currently sits at $2.64 trillion, marking a 0.24% decrease over the past 24 hours. However, the trading volume stands at $81.79, showing a 6.9% increase over the same period.
Bitcoin Price Analysis
Bitcoin (BTC) is shining in today’s market. A closer look at its price movement reveals a strong bullish trend in recent times, with prices soaring to around $71,600 before encountering resistance from the upper Bollinger Band and subsequent bearish candlesticks. The current price is testing the 20 SMA (Simple Moving Average) for support at approximately $70,956. The wide Bollinger Bands indicate high volatility.
The Money Flow Index (MFI) sits at 55, indicating a balanced mix of buying and selling pressure. Keep an eye out for potential rebounds from the SMA or further corrections if the support fails. At the moment, Bitcoin is priced at $71,055, showing a 0.21% increase from its previous 24-hour price.
Ethereum Price Update
Ethereum (ETH) is not among the top gainers today. The price movements suggest a stagnant phase, hovering around the $3,792 mark. The SuperTrend indicator signals a “sell” as the price remains below $3,889.17.
The trading activity is range-bound, indicating consolidation. The Commodity Channel Index (CCI) is near the zero line, pointing to a lack of solid momentum. Currently, the Ethereum price stands at $3,794, reflecting a 0.21% increase from its previous 24-hour price.
Filecoin Price Movement
Filecoin (FIL) is showcasing positive movements today. The Alligator indicator hints at a budding bullish trend as the lines begin to spread out, with the green line (lips) crossing above the others.
Moreover, the Awesome Oscillator shows increasing green bars, supporting the bullish momentum. Continued price stability above the Alligator’s jaws could attract more buyers. Presently, Filecoin is priced at $6.54, showing a 9.63% surge from its previous 24-hour price.
JasmyCoin Price Performance
JasmyCoin Price (JASMY) is another winner in today’s market. The chart displays a promising bullish trend, with prices rising above the Ichimoku cloud, a bullish signal. The MACD histogram remains positive, albeit with a slight decrease in momentum.
The lagging span confirms the bullish scenario, positioned above the price and cloud. If prices remain above the Ichimoku cloud, expect a potential uptrend continuation. Currently, JasmyCoin is valued at $0.04323, marking a 10.41% increase from its previous 24-hour price.
Wormhole Price Movement
Wormhole (W) is also on the winning side today. The Auto Pitchfork tool indicates price action within an upward channel but struggling near $0.72. Woodie’s CCI suggests a decline in momentum, hinting at a possible consolidation or retracement phase.
Following a recent pullback, keep an eye out for support at lower Pitchfork levels or a potential rebound from the middle line to re-enter bullish territory. At present, Wormhole is priced at $0.7106, showing a 6% jump from its previous 24-hour price.