Bulls continue to dominate in today’s trading session, as evidenced by the rise in the global market cap. The total market cap currently sits at $2.63 trillion, reflecting a 0.2% increase in the last 24 hours.
Bitcoin Price Analysis
Bitcoin (BTC) is undergoing a consolidation phase today, with its price showing a slight decline. A closer look reveals that the Bitcoin price is retracing towards the middle Bollinger Band, hovering around $70,068.
Meanwhile, the Awesome Oscillator (AO) is indicating a shift from positive to negative momentum, with the red histogram bars increasing in size. This could potentially signal a downward correction or consolidation. At present, the Bitcoin price stands at $71,511, marking a 1.21% increase from its previous 24-hour price.
Ethereum Price Analysis
Ethereum (ETH) is also experiencing gains in today’s session, with its price movements showing positive signs. A detailed analysis indicates that Ethereum’s price has seen significant bullish momentum, with a strong rise and stability above the Alligator indicator pointing towards an upward trend.
On the flip side, the Money Flow Index (MFI) approaching the overbought territory at 70.97 suggests that the price might encounter some resistance or a potential pullback as traders look to secure profits. Currently, the Ethereum price is at $3,845, reflecting a 1% increase from its previous 24-hour price.
Mantle Price Movement
Mantle (MNT) is among the top gainers in today’s trading session, with its price movements showcasing positive momentum. Analyzing Mantle’s price charts reveals a significant surge above the SuperTrend indicator, which has turned green, signaling a bullish reversal.
Moreover, the ADX sitting at 32.50 indicates a relatively strong trend. As of now, the Mantle price stands at $1.04, showing a 6.8% increase from its previous 24-hour price.
Stacks Price Movement
Stacks (STX) is also showing strong gains in today’s session, with its price movements indicating a bullish scenario. A detailed analysis suggests that Stacks has broken above the Ichimoku cloud, signaling a potential bullish reversal or continuation of the trend.
Although the CCI is in the overbought zone, hinting at a possible short-term pullback, the strong momentum may push the price higher before any significant retracement. Currently, the Stacks price is at $2.39, marking a 5.88% increase from its previous 24-hour price.
Pyth Network Price Movement
Pyth Network (PYTH) is also witnessing gains in today’s trading session, with its price movements showing positive momentum. A closer look at the Pyth chart reveals an interesting technical pattern, with the Auto Pitchfork tool suggesting a bullish breakout from a converging pattern, potentially indicating the beginning of a new bullish trend.
Furthermore, the ADX at 36.34 supports the strength of this new trend, indicating a robust bullish phase. At present, the Pyth Network price stands at $0.4755, showing a 2.29% increase from its previous 24-hour price.
