Bears have dominated today’s trading session, resulting in a decline in the global market cap. At present, the total market cap is $2.56 trillion, representing a 2% decrease in the past 24 hours. However, there has been a significant increase in the market cap of $97.6 billion, indicating a 22.5% growth in the last 24 hours.
Bitcoin Price Analysis
Bitcoin (BTC) is currently experiencing consolidation in its price movements. A detailed examination of the price chart reveals a series of fluctuations within an Ichimoku cloud. Recently, the price has surged, breaking through the upper boundary of the cloud, which typically indicates a bullish trend.
Presently, the Bitcoin price hovers around $68,293. Although the Moving Average Convergence Divergence (MACD) indicator is not visible, the Money Flow Index (MFI) stands at 26.03, suggesting potential undervaluation. The combination of breaking above the Ichimoku cloud and a low MFI could present a favorable buying opportunity. As of now, the Bitcoin price is $68,301, representing a 2% decrease in value over the past 24 hours.
Ethereum Price Analysis
Similar to Bitcoin, Ethereum (ETH) is also in a consolidation phase. The price has shown significant volatility, trading within a Bollinger Bands envelope. Recently, there was a sharp rise in price, reaching highs near $4,000 before retreating to approximately $3,817. This indicates a resistance test at the upper Bollinger Band, followed by a pullback.
On the other hand, the Woodies CCI indicates a reading around -114.86. Typically, this indicator helps identify cyclical trends, where readings above +100 suggest a strong upward momentum (a buy signal), while readings below -100 indicate a solid downward momentum (a sell signal). Currently, the Ethereum price stands at $3,825, representing a 0.9% decrease in value over the past 24 hours.
Floki Price Analysis
Floki (FLOKI) is one of the gainers in today’s session. A detailed analysis shows that the Floki chart is on the rise, with the price currently around $0.0029611 after a period of consolidation. The Alligator indicator, which consists of three smoothed moving averages, is open wide, indicating a strong uptrend.
Additionally, recent green bars on the Awesome Oscillator (AO) further confirm this bullish momentum. As of now, the Floki price is $0.0002959, representing a 10.27% increase in value over the past 24 hours.
Notcoin Price Analysis
Notcoin (NOT) is another gainer in today’s session, as indicated by its price movements. The Notcoin chart reflects a recovery from a sharp decline, with the price currently at around $0.008892. The Supertrend indicator, located below the Notcoin price, suggests a bullish reversal.
However, the ADX stands at 49.38, indicating a strong trend. The high ADX value and the positive Supertrend signal solidify the upward momentum. Investors may consider buying opportunities in anticipation of further gains. As of now, the Notcoin price is $0.008918, representing an 8.2% increase in value over the past 24 hours.
Celestia Price Analysis
Celestia (TIA) is also experiencing gains in today’s session, as evidenced by its price movements. A detailed analysis reveals a significant bullish trend in Celestia’s chart. Recently, the price surged from around $9.50 to over $11.60, indicating strong upward momentum.
The Auto Pitchfork tool shows the price trading in the upper channel, indicating robust buying interest. Furthermore, the Volume Oscillator is positive at 17.88%, suggesting increased trading volume accompanying the price rise, which serves as a bullish confirmation. As of now, the Celestia price is $0.008918, representing a 22.4% increase in value over the past 24 hours.
