Bulls are dominating today’s market session, leading to a rise in the global market cap. The total cap has reached $2.57 trillion at the moment, showing a 2.27% increase in the past 24 hours. Trading volume has also surged to $70.3 billion, marking a 52.4% increase during the same period.
Bitcoin Price Analysis
Bitcoin (BTC) is experiencing gains in today’s session, reflected in its price movements. A detailed examination reveals that Bitcoin’s price is consolidating, with bands slowly converging, indicating reduced volatility. The price has been moving between the upper and middle bands, showing some bullishness but lacking strong momentum.
On the flip side, the ADX line is below 20, indicating a weaker trend strength and a lack of clear directional momentum in the current price movement. As of now, Bitcoin is priced at $69,091, representing a 0.6% increase in value over the last 24 hours.
Ethereum Price Analysis
Ethereum (ETH) is also on the rise in today’s session. A closer look at the Ethereum price shows that it is above the cloud, typically a bullish sign hinting at a possible continuation of the uptrend. However, recent candles are forming near the cloud’s peak, suggesting potential resistance or a period of consolidation.
The Woodies CCI is hovering around the zero line, indicating relative equilibrium in Ethereum’s price with no significant momentum away from the typical price range. At the moment, Ethereum is priced at $2,610, a 0.6% increase in value in the last 24 hours.
Chilliz Price Analysis
Chilliz (CHZ) is also seeing gains in today’s session, as indicated by its price movements. The supertrend indicator has recently turned green, signaling a bullish trend. This suggests a potential upward movement if the price remains above the supertrend line.
Moreover, the Volume Oscillator indicates increased volume, showcasing strong buying interest that can support the ongoing uptrend. Currently, Chilliz is priced at $0.1384, marking a 16.17% increase in value over the past 24 hours.
Core DAO Price Analysis
Core DAO (CORE) has also witnessed an increase in price in today’s session. An analysis reveals that the alligator’s lines are intertwined, with the price action close to these lines, indicating a phase of consolidation or a lack of a clear trend.
The Awesome Oscillator (AO) is transitioning from red to green bars, suggesting a shift towards bullish momentum. However, the market is still undecided on a definitive direction. Currently, Core DAO is priced at $2.20, reflecting a 10.4% increase in value over the last 24 hours.
Dogwifhat Price Analysis
Dogwifhat (WIF) is among the gainers in today’s session, with its price movements indicating an upward trend. A detailed analysis shows that the Dogwifhat price is in the upper section of the pitchfork, demonstrating bullish momentum. However, resistance near the upper line of the pitchfork could lead to a consolidation or reversal.
The Awesome Oscillator (AO) displays green bars, suggesting increasing bullish momentum. However, further observation is needed to confirm the sustainability of this trend. Currently, Dogwifhat is priced at $3.10, representing a 7.8% increase in value over the last 24 hours.