Bulls continue to dominate in today’s trading session, with the global market cap showing an increase. The total market cap currently stands at $2.63 trillion, marking a 0.2% rise in the last 24 hours.
Bitcoin Price Analysis
Bitcoin (BTC) is undergoing a consolidation phase today, with its price showing a slight decrease. A closer look reveals that the Bitcoin price is retracing towards the middle Bollinger Band, hovering around $70,068.
Meanwhile, the Awesome Oscillator (AO) is indicating a shift from positive to negative momentum, with the red histogram bars growing in size. This could signal a potential downward correction or consolidation. At present, the Bitcoin price is at $71,511, showing a 1.21% increase from the previous 24-hour price.
Ethereum Price Update
Ethereum (ETH) is also among the top performers today, with its price movements showing bullish momentum. The price of Ethereum has surged significantly, stabilizing above the Alligator indicator, indicating a strong upward trend.
However, the Money Flow Index (MFI) approaching the overbought territory at 70.97 suggests that there may be some resistance or a possible pullback as traders take profits. The current Ethereum price stands at $3,845, reflecting a 1% increase from the previous 24-hour price.
Mantle Price Movement
Mantle (MNT) is showing positive price movements today, with the charts indicating a bullish reversal. The price of Mantle is moving sharply above the SuperTrend indicator, which has turned green, signaling a bullish trend.
The relatively high ADX at 32.50 suggests a strong current trend. At the moment, the Mantle price is at $1.04, marking a 6.8% increase from the previous 24-hour price.
Stacks Price Performance
Stacks (STX) is also experiencing notable gains in today’s session, with its price movements indicating a bullish scenario. An in-depth analysis reveals that Stacks has broken above the Ichimoku cloud, signaling a potential bullish trend continuation.
Although the CCI is in the overbought zone, hinting at a possible short-term pullback, the strong momentum may push the price higher before any significant retracement. The current price of Stacks is $2.39, showing a 5.88% increase from the previous 24-hour price.
Pyth Network Price Update
Pyth Network (PYTH) is showing positive price movements today, with the charts displaying an interesting technical pattern. The Auto Pitchfork tool suggests a bullish breakout from a converging pattern, potentially indicating the beginning of a new bullish trend.
Supported by an ADX of 36.34, the strength of this new trend is evident. The current price of Pyth Network is $0.4755, reflecting a 2.29% increase from the previous 24-hour price.