Bulls maintained their dominance in today’s trading session, evident from the rise in the global market cap which reached $2.33 trillion at the time of reporting. This reflects a 2.26% increase over the past 24 hours, alongside a notable 52% surge in trading volume to $60.12 billion.
Bitcoin Price Analysis
Bitcoin (BTC) did not join the ranks of gainers in today’s session based on its price action. However, a detailed examination reveals that Bitcoin recently broke out of a consolidation phase, surpassing the upper Bollinger Band—a signal typically interpreted as bullish. Conversely, the Awesome Oscillator is trending back towards negative territory, suggesting a waning bullish sentiment. At the time of reporting, Bitcoin traded at $62,604, marking a 1.1% decline over the last day.
Source: TradingView
Ethereum Price Analysis
Ethereum (ETH) also did not register gains in today’s trading, based on its price movements. Yet, a closer look indicates Ethereum’s price action has exhibited a range with slight bullish tendencies, notably with the Alligator’s lines beginning to spread out—a potential signal of continued upward momentum. The Money Flow Index (MFI) remains stable above 70, indicating a robust market albeit in overbought conditions, which could prompt a short-term correction. At the time of reporting, Ethereum was priced at $3,437, showing a decrease of 1.32% over the past 24 hours.
Source: TradingView
Beam Price Analysis
Beam (BEAM) emerged as today’s top performer, evidenced by its strong price performance during the session. Detailed analysis reveals significant upward momentum, culminating in a decisive close above the Ichimoku cloud. Moreover, the Volume Oscillator has surged, indicating substantial buying interest. As of the latest update, Beam was valued at $0.01904, reflecting an impressive 11.6% increase in the last 24 hours.
Source: TradingView
Bonk Price Analysis
Bonk (BONK) also made notable gains today, evident from its price movements. Analysis of Bonk’s price charts reveals a breakthrough above the Ichimoku cloud—a bullish indicator. The Money Flow Index International (MFII) is now drifting away from overbought territory, presently around 75, signaling potential easing in buying pressure and hinting at a prospective reversal. At the time of reporting, Bonk traded at $0.00002612, marking an 8.7% increase over the past 24 hours.
Source: TradingView
MultiversX Price Analysis
MultiversX (EGLD) also posted gains today, evident from its price movements. A comprehensive analysis indicates EGLD is in a robust upward trend, confined within an ascending pitchfork formation—an indicator of sustained bullish sentiment. The Moving Average Convergence Divergence (MACD) confirms increasing bullish momentum, with its line above the signal line and both trending upwards. As of the latest update, MultiversX was priced at $32.36, reflecting an 8.1% increase over the past 24 hours.
Source: TradingView