The bulls are in control of today’s session, as seen from the increase in the global market cap. The total cap stood at $3.09T as of press time, representing a 0.20% increase over the last 24 hours, while the trading volume dropped by 7.12% over the same period to stand at $179.23B as of press time.
Bitcoin Price Review
Bitcoin, $BTC, has failed to post gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the Bitcoin Price is hovering near the upper Bollinger Band, which often suggests strong upward momentum. The bands are widening, indicating increasing market volatility.
On the other hand, we see that the ADX (Average Directional Index) is around 15.67, which generally indicates a weak trend. In this context, despite the apparent uptrend, the trend strength is not very strong. Bitcoin traded at $92,886 as of press time, representing a 1.31% decrease over the last 24 hours.
4-hour BTC|USD Chart | Source: TradingView
Ethereum Price Review
Ethereum, $ETH, has, however, failed to emerge among the gainersin today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the Ethereum price is above the Alligator’s jaws, suggesting a bullish phase.
On the other hand, we see that the MFI (Money Flow Index) has a reading of 43.14, which shows moderate buying pressure, but not yet overbought, which could allow room for more upside. Ethereum traded at $3,122 as of press time, representing a 0.31% decrease over the last 24 hours.
4-hour ETH/USD Chart | Source: TradingView
Brett PriceReview
Brett, $BRETT, is also among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that the Brett price is above the 50, 100, and 200 moving averages, a bullish sign.
On the other hand, we see that the Awesome Oscillator shows green bars indicate a bullish buying opportunity, with recent momentum gaining. Brett traded at $0.1761 as of press time, representing a 9.29% increase over the last 24 hours.
4-hour BRETT/USDT Chart | Source: TradingView
Goatseus Maximus Price Review
Goatseus Maximus, $GOAT, is also among the top gainers today as also seen from its price movements. Looking at an in-depth analysis, we see that the Goatseus Maximus price is above the SuperTrend line, indicating a buy signal.
On the other hand, we see that the Volume Oscillator shows no significant volume increase is noted, suggesting the current price move is not strongly supported by volume. Goatseus Maximus traded at $1.15 as of press time, representing a 9.78% increase over the last 24 hours.
4-hour GOAT/USDT Chart | Source: TradingView
Bonk Price Review
Bonk, $BONK, is also among the top gainers today as also seen from its price movements. Looking at an in-depth analysis, we see that the Bonk price is above the cloud, indicating a bullish trend. The future cloud is also bullish, suggesting potential continuation.
On the other hand, we see that the RSI (Relative Strength Index) is near 60, indicating strong buying momentum but not yet overbought. Bonk traded at $0.00005566 as of press time, representing a 11.14% increase over the last 24 hours.
4-hour BONK/USDT Chart | Source: TradingView
Daily Market Analysis: BTC, ETH, BRETT, GOAT, BONK