In today’s trading session, the bulls have regained control, leading to an increase in the global market cap. Currently, the total cap stands at $2.36 trillion, reflecting a 1.97% rise in the past 24 hours.
Bitcoin Price Analysis
Bitcoin (BTC) has shown positive movement today, with the price indicating a falling wedge pattern, typically a bullish signal. The current price is hovering near the support line of the wedge, hinting at a potential breakout to the upside with a target price around $72,000.
The RSI for Bitcoin is neutral, suggesting room for further upward movement without being overbought. At present, Bitcoin is trading at $65,541, showing a slight increase of 0.02% over the last 24 hours.
Ethereum Price Analysis
Ethereum (ETH) has also experienced gains in today’s session, with the price nearing the middle band of the Bollinger Bands, indicating consolidation. The narrow Bollinger Bands suggest low volatility in the market.
The RSI for Ethereum is neutral, indicating no clear overbought or oversold conditions. A move towards the upper band ($3,622.34) is possible if the bullish momentum continues. Currently, Ethereum is trading at $3,586, showing a 1.14% increase over the last 24 hours.
Fetch.ai Price Analysis
Fetch.ai (FET) has shown positive price movements today, with the Alligator indicator signaling a bullish trend as the green line is above the red and blue lines. However, the MFI is in the overbought territory at 81.30, suggesting a potential pullback or consolidation before further upward movement. Fetch.ai is currently trading at $1.68, reflecting a significant 28.3% increase over the last 24 hours.
SingularityNET Price Analysis
SingularityNET (AGIX) is among the top gainers today, with the Supertrend indicator showing a bullish signal above $0.6748. If the price maintains above this level, it could confirm a bullish trend. The volume oscillator is increasing, indicating rising buying pressure. Currently, SingularityNET is trading at $0.6807, showing a 25.3% increase over the last 24 hours.
Akash Network Price Analysis
Akash Network (AKT) has also seen gains today, with the price trading within the Ichimoku Cloud, suggesting a period of consolidation. The Woodies CCI is in the bullish zone at 86.7351, indicating upward momentum. A breakout above the cloud, particularly above the Leading Span B ($3.3147), would confirm a bullish trend. Akash Network is currently trading at $3.20, reflecting a 7.08% increase over the last 24 hours.
