Bulls Maintain Control as Global Market Cap Rises
The bulls continue to dominate in today’s trading session, as evidenced by the increase in the global market cap. The total market cap has reached $2.37 trillion at press time, reflecting a 0.79% increase in the last 24 hours. However, the trading volume has dropped by 16.94% over the same period, currently standing at $75.16 billion.
Bitcoin Price Analysis
Bitcoin ($BTC) is not experiencing gains in today’s session, as indicated by its price movements. A detailed chart analysis reveals that the Bitcoin price is currently above the middle Bollinger Band, suggesting a potential uptrend. The wide bands indicate high volatility in the market.
On the other hand, the Average Directional Index (ADX) value for Bitcoin is 22.40. An ADX value below 25 signifies a weak trend, indicating that Bitcoin is not currently in a strong trend phase. At press time, Bitcoin is trading at $64,131, reflecting a 1.29% decrease in the last 24 hours.
Ethereum Price Analysis
Ethereum ($ETH) is also not among the gainers this week, based on its price movements. A thorough analysis shows that the Supertrend indicator is signaling a buy signal, indicating a bullish trend. The green area below the price acts as a support level.
Conversely, the Awesome Oscillator (AO) shows a positive value, suggesting bullish momentum in the market. Ethereum is currently trading at $3,430 at press time, reflecting a 0.5% decrease in the last 24 hours.
MANTLE Price Analysis
MANTLE (MNT) is one of the gainers in today’s session, as observed from its price movements. A detailed analysis reveals that all lines of the Alligator indicator are aligned upwards, indicating a strong uptrend. Furthermore, the MANTLE price is above all three lines, confirming the bullish trend.
On the other hand, the Woodies CCI has a value of 130.6887. A value above 100 signifies strong bullish momentum. MANTLE is currently trading at $0.8573 at press time, reflecting a 10.9% increase in the last 24 hours.
Dogwifhat Price Analysis
Dogwifhat ($WIF) is also among the gainers today, as evidenced by its current price movements. A detailed analysis shows that the Dogwifhat price is above the cloud, indicating a bullish trend. The upper edge of the cloud acts as a support level.
However, the Relative Strength Index (RSI) is at 69.81, indicating that the asset is nearing overbought conditions. This suggests the potential for a pullback in the market. At press time, Dogwifhat is trading at $2.45, reflecting a 7.5% increase in the last 24 hours.
Jupiter Price Analysis
Jupiter ($JUP) is also among the gainers today, based on its price movements. A detailed analysis shows that the Jupiter price is following the upper channel, indicating an uptrend. The pitchfork lines serve as dynamic support and resistance levels.
Furthermore, the ADX value for Jupiter is 43.93, signifying a strong trend. This confirms the current uptrend in Jupiter. At press time, Jupiter is trading at $0.9847, reflecting a 2.5% increase in the last 24 hours.