Bulls continue to dominate the market, leading to a rise in the global market cap. At present, the total market cap stands at $2.43 trillion, reflecting a 1.58% increase in the last 24 hours. However, trading volume has decreased by 6.4% to $71.83.
Bitcoin (BTC) is experiencing gains in today’s session, evident from its price movements. An in-depth analysis reveals that the Bitcoin price is currently near the upper Bollinger Band, suggesting potential overbought conditions.
Meanwhile, the CCI is hovering close to the +100 level, indicating a bullish trend. While positive momentum is present, signs of consolidation are becoming apparent as the CCI starts to flatten. As of now, the Bitcoin price stands at $67,079, representing a 1.24% decrease from its previous 24-hour price.
Ethereum (ETH) is also among the gainers in today’s session, with its price showing an increase. A detailed analysis shows that the Alligator indicator displays wide gaps between the green, red, and blue lines, indicating a strong upward trend. The price closely follows the green line, indicating a well-maintained bullish trend.
On the other hand, the RSI is at 66.11, suggesting that Ethereum is approaching overbought conditions. However, the RSI is still below the critical 70 level, leaving room for further upward movement. Currently, the Ethereum price stands at $3,116, reflecting a 2.26% increase from its previous 24-hour price.
Bitcoin Cash (BCH) is also experiencing gains in today’s session, evident from its price movements. Analyzing Bitcoin Cash price charts, the Supertrend indicator shows a green signal, indicating a bullish trend. The Bitcoin Cash price remains above the Supertrend line, which acts as support.
Additionally, the MACD displays a bullish crossover, with the MACD line above the signal line. The widening gap between the MACD and the signal line indicates increasing bullish momentum. Currently, the Bitcoin Cash price stands at $3,116, reflecting a 2.26% increase from its previous 24-hour price.
Ondo (ONDO) is another cryptocurrency that has seen an increase in its price in today’s session. A comprehensive analysis reveals that the Ondo price is above the Ichimoku Cloud, indicating a bullish trend. The Leading Span A is also above Leading Span B, reinforcing the bullish sentiment.
Furthermore, the Awesome Oscillator (AO) is above the zero line, indicating bullish momentum. The presence of green bars on the AO histogram signifies strengthening bullish pressure. Currently, the Ondo price stands at $1.03, reflecting an 8.2% increase from its previous 24-hour price.
Gnosis (GNO) is also among the gainers in today’s session, with its price showing upward movements. A detailed analysis reveals that the Gnosis price is within the upper half of the Pitchfork channel, suggesting a potential uptrend. The recent bounce from the lower Pitchfork line indicates strong support.
Moreover, the Volume Oscillator shows a recent spike, indicating increased trading volume. This heightened volume could suggest a potential breakout or a strong move in the direction of the current trend. As of now, the Gnosis price stands at $304.27, reflecting a 10.5% increase from its previous 24-hour price.