Bulls have remained quiet in today’s trading session, as reflected in their lackluster price movements. The global market cap currently sits at $2.61 trillion, marking a substantial 7.8% increase over the past 24 hours. Trading volume has also surged by 131% to reach $134.7 billion in the same timeframe.
Bitcoin Price Update
Bitcoin (BTC) has surged past $71,000 following an impressive session today. A detailed analysis reveals that Bitcoin has broken through the upper Bollinger Band, signaling a bullish breakout and hinting at a continuation of the upward momentum.
However, the RSI currently stands at 80.56, indicating overbought conditions. While this suggests strong buying pressure, it also raises the possibility of a pullback or consolidation as traders look to lock in profits. At the time of writing, Bitcoin is priced at $71,203, marking a 7.05% increase from its previous 24-hour price.
Ethereum Price Update
Ethereum (ETH) is also making significant gains today, as indicated by its price movements. A closer look at the 4-hour chart reveals Ethereum breaking above the Ichimoku Cloud, signaling a strong bullish trend. The Woodies CCI indicator is also showing high levels, indicating positive momentum.
The movement above the Cloud signals a solid bullish phase, with potential support on any pullbacks. However, the high CCI levels suggest possible overbought conditions, hinting at a short-term correction before the uptrend resumes. Ethereum is currently trading at $3,660, reflecting an 18.8% increase from its previous 24-hour price.
Lido DAO Price Update
Lido DAO (LDO) is one of the top gainers in today’s trading session, with its price movements indicating a significant bullish spike. The Ichimoku Cloud analysis shows Lido DAO breaking above the upper boundary of the Cloud, signaling a strong bullish reversal.
Moreover, the rising ADX line suggests increasing trend strength. Lido DAO is currently priced at $2.29, marking a remarkable 32.3% increase from its previous 24-hour price.
Pyth Network Price Update
Pyth Network (PYTH) is also showing positive price movements in today’s session. An in-depth analysis reveals Pyth Network’s chart with the Alligator Indicator displaying an uptrend, with prices surpassing all three Alligator lines (Jaw, Teeth, and Lips), indicating a bullish phase.
Additionally, the Awesome Oscillator is showing green bars, supporting the bullish momentum. Pyth Network is currently valued at $0.483, representing a 23.95% increase from its previous 24-hour price.
Ethena Price Update
Ethena (ENA) is another standout performer in today’s trading session, with its price movements reflecting strong gains. A detailed analysis shows Ethena’s price nearing the peak of a recent uptick within a descending pitchfork.
Furthermore, the volume oscillator indicates increasing volume during upward movements, suggesting growing buying interest. However, the proximity to the upper boundary of the pitchfork may result in resistance and potential pullbacks. Ethena is currently trading at $0.8479, marking a notable 19.2% increase from its previous 24-hour price.