Market Sentiment Turns Bullish as Global Market Cap Rises
The current market session has witnessed a bullish stance, evident from the rise in the global market cap. At the time of writing, the global market cap reached $2.54 trillion, reflecting a 0.3% increase in the last 24 hours. Additionally, the trading volume also saw a 1.5% increase, reaching $81.8 billion during the same period.
Bitcoin Price Analysis
Bitcoin (BTC) has also experienced gains in today’s session, as indicated by its price surge. A detailed examination reveals that the Bitcoin price is currently hovering near the middle Bollinger band, suggesting a consolidation phase. The price’s range between the upper and middle bands without any significant breakouts indicates a lack of volatility.
However, the volume oscillator stands at -16.29%, indicating below-average trading volume. This could suggest a lack of strong momentum in the current Bitcoin price movement. As of now, the Bitcoin price stands at $68,309, representing a 0.30% increase in value over the past 24 hours.
Ethereum Price Analysis
In contrast, Ethereum (ETH) did not witness gains in today’s session, as observed from its price decrease. A thorough analysis of the chart reveals a potential double-top pattern, with the neckline currently under testing. If the price breaks below this neckline, it could result in a further downside towards the indicated target level of $3,200.
Furthermore, the Awesome Oscillator (AO) indicator depicts red bars, indicating an increasing bearish momentum as the bars grow taller. At present, the Ethereum price stands at $3,741, reflecting a 0.30% decrease in value over the last 24 hours.
JasmyCoin Price Analysis
JasmyCoin (JASMY) has also experienced gains in today’s session, evident from its price increase. A detailed analysis reveals that the JasmyCoin price is trading above the cloud, indicating a bullish trend in the short term. The cloud is acting as a support level for the price.
Moreover, the formation of the Awesome Oscillator (AO) suggests that bullish momentum is gaining strength. Currently, the JasmyCoin price stands at $0.03136, reflecting a 24.19% increase in value over the past 24 hours.
ORDI Price Analysis
ORDI (ORDI) has also witnessed gains in today’s session, as evidenced by its price movements. A comprehensive analysis shows that the price is comfortably above the cloud, indicating a bullish trend. The presence of a green cloud further suggests sustained bullish momentum.
Additionally, the Average Directional Index (ADX) is above 50, indicating a strong trend in the market. At present, the ORDI price stands at $50, reflecting a 19.3% increase in value over the last 24 hours.
Arweave Price Analysis
Arweave (AR) has also experienced gains in today’s session, as observed from its price increase. A closer examination reveals that the jaws, teeth, and lips of the chart are opening up and turning upwards, indicating a potential bullish phase if the price manages to stay above these lines.
Furthermore, the Woodies CCI shows upward momentum, with the line positioned above the zero mark, indicating favorable conditions in the near term. Currently, the Arweave price stands at $43.11, reflecting an 11.7% increase in value over the past 24 hours.
