The bulls have regained control of today’s session, resulting in a decrease in the global market cap. As of press time, the total cap stood at $3.31 trillion, representing a 1.61% increase in the last 24 hours. However, the trading volume has dropped by 8.8% over the same period to $148.8 billion.
Bitcoin, $BTC, has experienced a notable rise in today’s session. Upon closer analysis, BTC has been testing the upper and lower bands, indicating high volatility. Currently, the price is moving upwards after touching the lower band, suggesting a potential rebound. The Relative Strength Index (RSI) is at 63.05, indicating slightly bullish momentum. It has not yet reached the overbought zone, leaving room for further upward movement. Bitcoin traded at $95,000 as of press time, representing a 1.84% increase in the last 24 hours.
Ethereum, $ETH, is also among the gainers in today’s session. Upon deeper analysis, we observe that the price is below the 50-day Moving Average (MA) but attempting to reclaim it, indicating short-term bearishness but potential recovery. A golden crossover (50 MA above 100/200 MAs) occurred earlier, but the price has corrected since. The Volume Oscillator shows a negative reading, suggesting declining trade volume, which may limit the strength of the recovery. Ethereum traded at $3,319 as of press time, representing a 0.29% increase in the last 24 hours.
Sui, $SUI, is one of the top gainers in today’s session. Upon thorough analysis, we see that the lines are widening with the price above them, indicating a developing uptrend. However, the Money Flow Index (MFI) is at 83.06, in the overbought zone, suggesting that the uptrend may lose steam soon. Sui traded at $5.1 as of press time, representing a 10.90% increase in the last 24 hours.
Fantom, $FTM, is also among the gainers today. In-depth analysis reveals that the price has broken above the cloud, which is a bullish signal. The lagging span also supports bullish momentum. However, the Average Directional Index (ADX) is at 23.53, indicating weak trend strength and suggesting that the breakout may lack momentum. Fantom traded at $0.7355 as of press time, representing a 13.01% increase in the last 24 hours.
AIOZ Network, $AIOZ, is another top gainer today. Further analysis shows that the price is near a bearish Supertrend level, acting as immediate resistance. A clear break above $0.96 is required for bullish continuation. The Awesome Oscillator (AO) is transitioning from red to green bars, indicating potential bullish divergence. AIOZ Network traded at $0.9565 as of press time, representing a 5.88% increase in the last 24 hours.