Markets are riding on bull activity, as seen from the increasing global market cap. The global cap stood at $2.75T as it approached the $3T milestone. This represents a 1.4% increase in the last 24 hours as inflows into crypto keep coming.
Bitcoin Price Analysis
Bitcoin is still going strong as the crypto king now approaches $73K. The chart shows a strong uptrend with a series of green candle sticks at the end. The *BTC* headed above the Bollinger Band SMA indicates that the Bitcoin price is still in bull activity.
The RSI holds a value of 70- suggesting a massive bullish pressure. However, the overbought conditions could suggest looming corrections. The Bitcoin price stood at $72.9K as of press time, representing a 1.2% pump in the last 24 hours.
Ethereum Price Review
Ethereum is, however, facing some consolidation, as evidenced by the mix-up in red and green candle stick patterns being witnessed. Despite the consolidations , Ethereum has also managed to post minor gains in today’s session, as its charts reveal. The recent *ETH* action is moving below the Supertrend indicator (green line), suggesting a bullish trend on the Ethereum price action.
The Awesome Oscillator (AO) is also shifting back to green histograms, suggesting that the current bullish trend could be gaining momentum. The Ethereum price stood at $3938 as of press time, representing a 0.48% jump in the last 24 hours.
Dogwifhat Price Review
Dogwifhat (WIF) has emerged as today’s top gainer. Dogwifhat price charts show an uptrend, as the Dogwifhat price moves above the lines of the Alligator indicator aligned with the green line (lips) above the red (teeth) and blue (jaw) lines, currently on a northern trajectory, which indicates a bullish trend.
The Woodies CCI is currently in the positive region as both lines diverge, asserting bull dominance on WIF. Amid this impressive surge, the FLOKI price stood at $0.0002692 as of press time, representing a 49.7% pump in the last 24 hours.
Toncoin Price Review
Toncoin (TON) is the second top gainer of the day. The Toncoin price action shows an uptrend with the price within an ascending channel, a bullish pattern. The Toncoin Protocol price has crossed above the upper half of the pitchfork, indicating that buyers have massive control.
The Money Flow Index is 59, suggesting some buying pressure on FLOKI. However, its southern trajectory could mean fading buying pressure. The Toncoin price stood at $4.4 as of press time, representing a 21.4% pump in the last 24 hours.
THORChain Price Review
THORChain (RUNE) is now favoring corrections amid the recent pumps. RUNE is currently on a strong bear trend, as evidenced by the ADX value of 34, which suggests a strong bearish trend. The latest series of red candlesticks assert the change in momentum to bearish.
This is supported by the RSI, which is currently in the overbought region as it moves south, indicating corrections on the THORChain price. The THORChain price stood at $0.3004 as of press time, representing a 27% dump in the last 24 hours.
