Today’s market session has seen a resurgence of bullish activity, with the global market cap hitting $2.43 trillion at the time of writing. This represents a 0.49% increase in the past 24 hours, while the trading volume has dropped by 39% to $42.08 billion.
Bitcoin (BTC) has struggled to make gains today, with its price movements indicating a lack of momentum leading into the weekend. Analysis shows that Bitcoin is currently trading within the upper and lower Bollinger Bands, signaling periods of both high and low volatility. The price is hovering near the lower band, suggesting possible overselling and a potential rebound in the near future.
On the flip side, the Awesome Oscillator (AO) is showing bearish momentum as it sits below the zero line. However, a shift towards forming green bars and moving upwards could signal a bullish reversal. At present, Bitcoin is priced at $66,174, reflecting a slight 0.12% increase over the last 24 hours.
Ethereum (ETH) has also failed to gain traction in today’s market session, with its price showing a falling wedge pattern, typically indicating a bullish reversal. The chart suggests that Ethereum has broken out of the wedge and is aiming towards the target marked on the chart. Meanwhile, the Relative Strength Index (RSI) is nearing the overbought territory at 70, hinting at a potential pullback. Ethereum is currently priced at $3,552, marking a 0.35% decrease over the last 24 hours.
In a surprising turn of events, Brett (BRETT) has emerged as the top gainer today, showcasing bullish trends with its price movements. Ethereum is currently positioned above the Ichimoku cloud, signaling a positive trend. The Money Flow Index (MFI) is at 67, indicating strong buying pressure, with a potential overbought scenario if it surpasses 80. Brett is trading at $0.1555, reflecting a substantial 7.7% increase in the last 24 hours.
JasmyCoin (JASMY) has also seen significant gains today, with its price slightly above the supertrend line, suggesting a bullish bias. However, potential resistance is indicated by the red trend line above the current price. The Woodies Commodity Channel Index (CCI) is hovering around the zero line, with movements above 100 signaling a strong bullish trend and below -100 indicating a bearish trend. JasmyCoin is priced at $0.03645, showing a 6.03% increase over the last 24 hours.
Lastly, Lido DAO (LDO) has emerged as the third top gainer today, with its price charts indicating a potential trend awakening. The Alligator lines are showing signs of a bullish trend, with the RSI sitting at 73, suggesting an overbought condition that could lead to a correction in the near future. Lido DAO is trading at $2.12, reflecting a 6.15% increase in the last 24 hours.