Today’s trading session is dominated by bears, evident in the decrease in the global market cap. The total cap currently sits at $2.64 trillion, reflecting a 0.24% decline over the past 24 hours. However, trading volume has seen an uptick, reaching $81.79 at the time of writing, marking a 6.9% increase over the same period.
Bitcoin (BTC) Price Analysis
Bitcoin is the standout performer today, showcasing a strong bullish trend on its chart. The price surged to around $71,600 before encountering resistance from the upper Bollinger Band and subsequent bearish candlesticks. It is now testing the 20 SMA as support at $70,956, with the Bollinger Bands indicating high volatility. The MFI stands at 55, indicating a balanced flow of buy and sell pressure. Keep an eye out for potential rebounds from the SMA or further corrections if the support fails. As of now, Bitcoin is priced at $71,055, reflecting a 0.21% increase from the previous 24-hour price.
Ethereum (ETH) Price Analysis
Ethereum, on the other hand, has not performed as well today, with its price hovering around $3,792. The SuperTrend indicator signals a “sell” as the price remains below $3,889.17. Trading activity suggests consolidation, with the CCI near the zero line, showing a lack of solid momentum. The current price of Ethereum stands at $3,794, representing a 0.21% increase from the previous 24-hour price.
Filecoin (FIL) Price Analysis
Filecoin is among the gainers today, as indicated by its price movements. The Alligator indicator suggests an emerging bullish trend, with the green line crossing above the others. The Awesome Oscillator also supports the bullish momentum, with green bars increasing in height. If the price continues to hold above the Alligator’s jaws, further buying interest may be expected. At present, Filecoin is priced at $6.54, marking a 9.63% increase from the previous 24-hour price.
JasmyCoin (JASMY) Price Analysis
JasmyCoin has also seen gains today, with the price showing a promising bullish trend on the chart. Moving above the Ichimoku cloud is a bullish signal, with the MACD histogram positive despite a slight decrease in momentum. The lagging span confirms the bullish scenario. Should the price maintain above the Ichimoku cloud, a potential uptrend continuation is likely. JasmyCoin is currently priced at $0.04323, marking a 10.41% increase from the previous 24-hour price.
Wormhole (W) Price Analysis
Wormhole is another gainer in today’s session, with price action moving within an upward channel but facing resistance around $0.72. Woodie’s CCI indicates a decrease in momentum, hinting at a possible consolidation or retracement phase. Keep an eye out for support levels or a potential rebound to re-enter bullish territory. As of now, Wormhole is priced at $0.7106, showing a 6% increase from the previous 24-hour price.
