Bulls dominate the market today, leading to a rise in the global market cap to $2.57 trillion. This represents a 2.27% increase in the last 24 hours. Trading volume also surged to $70.3 billion, marking a 52.4% increase over the same period.
Bitcoin (BTC) is among the winners today, with its price showing signs of consolidation as the bands begin to converge slightly, indicating reduced volatility. The price has been hovering between the upper and middle bands, hinting at some bullish sentiment but a lack of strong momentum. The ADX line suggests a weaker trend strength with a value below 20, indicating a lack of solid directional momentum. As of now, the Bitcoin price stands at $69,091, reflecting a 0.6% increase over the last 24 hours.
Ethereum (ETH) is also on the rise today, with its price above the cloud signaling a potential continuation of the uptrend. However, recent candles near the cloud’s top suggest resistance or consolidation. The Woodies CCI around the zero line indicates relative equilibrium for Ethereum’s price. At the moment, Ethereum is priced at $69,091, showing a 0.6% increase in valuation over the last 24 hours.
Chilliz (CHZ) is also experiencing gains today, with the supertrend indicator turning green, signaling a bullish trend. Increased volume according to the Volume Oscillator suggests strong buying interest supporting the uptrend, with Chilliz price at $0.1384, up by 16.17% in the last 24 hours.
Core DAO (CORE) has also seen a price hike today, with the alligator’s lines intertwined and price action close to these lines, indicating a possible consolidation phase. The Awesome Oscillator (AO) transitioning from red to green bars hints at a shift towards bullish momentum. The Core DAO price stands at $2.20, showing a 10.4% increase in valuation over the last 24 hours.
Dogwifhat (WIF) is among today’s gainers, with its price in the upper section of the pitchfork, showing bullish momentum. However, resistance near the upper line of the pitchfork could lead to consolidation or reversal. The Awesome Oscillator (AO) displaying green bars suggests increasing bullish momentum, with the Dogwifhat price at $3.10, up by 7.8% in the last 24 hours.