The bulls have regained control of the markets, leading to a rise in the global market cap. Currently standing at $2.5 trillion, the total cap has increased by 2.79% in the last 24 hours. Despite this positive trend, the trading volume has dropped by 12% to $82.89 billion.
Bitcoin Price Analysis
Bitcoin (BTC) has seen gains today, reflected in its price movement. However, a closer look at the Bitcoin chart reveals a bearish trend with the price trading below the Ichimoku Cloud. The RSI is hovering near 50, indicating a neutral momentum. The current price of Bitcoin is $69,181, showing a 2.7% increase from the previous 24-hour price.
Ethereum Price Analysis
Ethereum (ETH) is also experiencing gains in today’s session amidst the market recovery. Despite this, the Ethereum price has dipped below the 20 SMA line, signaling a bearish outlook. The RSI levels are low at around 27, suggesting oversold conditions. Ethereum is currently priced at $3,579, marking a 2.68% increase from the previous 24-hour price.
Dogecoin Price Analysis
Dogecoin (DOGE) has shown positive price movements today. A detailed analysis indicates a mixed trend for Dogecoin, with prices fluctuating around the Williams Alligator’s moving averages. The RSI is near 50, indicating a neutral market sentiment. Dogecoin is trading within narrow highs and lows, showing consolidation. The current price of Dogecoin is $0.1477, a 7.6% increase from the previous 24-hour price.
Filecoin Price Analysis
Filecoin (FIL) has also seen gains in today’s session. However, the price is currently in a downtrend, trading below the Supertrend indicator. The RSI is neutral at around 50. Filecoin is priced at $5.6, marking a 3.44% increase from the previous 24-hour price.
Internet Computer Price Analysis
Internet Computer (ICP) has shown positive price movements today, indicating gains. However, a deeper analysis reveals a bearish trend with downward pressure according to the pitchfork tool. The RSI is slightly below 50, suggesting a bearish momentum. Internet Computer is currently priced at $10.58, showing a 4.6% increase from the previous 24-hour price.