Market Bulls Dominate as Global Market Cap Rises
The market session today has witnessed a strong bullish trend, evident from the increase in the global market cap. At present, the total cap stands at $2.35 trillion, reflecting a 0.4% surge in the last 24 hours. However, trading volume has experienced a significant drop of 49% during the same period, reaching $32.44 billion.
Bitcoin Price Analysis
Bitcoin (BTC) has failed to generate any gains in today’s session, as indicated by its price movements. A detailed analysis reveals that it is currently trading at 62,199.5, falling below the lower Bollinger Band, which signifies a robust bearish trend. Moreover, the Awesome Oscillator (AO) sits at -1,016.1, displaying strong bearish momentum with multiple red bars. As of now, Bitcoin is being traded at $62,431, marking a 2.9% decrease in the last 24 hours.
Ethereum Price Analysis
Similar to Bitcoin, Ethereum (ETH) is also experiencing corrections in today’s session. Its price movements suggest that Ethereum, presently trading at 3,367.7, is below the lower Bollinger Band, indicating a bearish trend. Additionally, the Awesome Oscillator (AO) is at -65.5, demonstrating strong bearish momentum with red bars. As of now, Ethereum’s trading value stands at $3,377, reflecting a 3.7% decrease in the last 24 hours.
Dogwifhat Price Analysis
Dogwifhat (WIF) has also failed to generate any gains in today’s session, as observed from its price movements. A thorough analysis reveals that Dogwifhat’s price currently stands at 1.5338, falling below the Supertrend indicator, signaling a bearish trend. However, the Money Flow Index (MFI) is at 29.79, indicating that the asset is approaching oversold territory. As of now, Dogwifhat is being traded at $1.56, showing a 13.5% decrease in the last 24 hours.
Brett Price Analysis
Brett (BRETT) is also facing losses in today’s session, evident from its price movements. In-depth analysis suggests that Brett is currently trading at 0.13055, falling below the Ichimoku Cloud, which indicates a bearish trend. Furthermore, the Woodies CCI sits at -191.49334, displaying strong bearish momentum. As of now, Brett is being traded at $0.131, reflecting a 12.04% decrease in the last 24 hours.
Toncoin Price Analysis
On the other hand, Toncoin (TON) stands out as a gainer in today’s session. An extensive analysis shows that the Relative Strength Index (RSI) is at 44.44, signifying that the asset is in the neutral zone. However, Toncoin is in a neutral to slightly bearish trend, trading near the lower end of the range. The RSI is neutral, suggesting neither overbought nor oversold conditions, indicating the potential for either direction. As of now, Toncoin is being traded at $7.24, reflecting a 4.9% decrease in the last 24 hours.