The bulls are in control in today’s session, as seen from the increase in the global market cap. The total cap stood at $3.24T as of press time, representing a 1.30% increase over the last 24 hours, while the trading volume also jumped by 6.47% over the same period to stand at $90.45B as of press time.
Bitcoin Price Review
Bitcoin, $BTC, has posted small gains in today’s session, as seen from the price movements. Looking at an in-depth analysis, the Bitcoin price has broken out of the falling wedge, signaling a potential bullish continuation. The measured move from the wedge suggests a price target near $104,000.
On the other hand, we see that the RSI is at 62.99, indicating bullish momentum but not yet in overbought territory. Bitcoin traded at $98,407 as of press time, representing a 1.55% increase over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, is also among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that ETH is trading in a sideways consolidation phase, with moving averages from the Alligator Indicator converging.
On the other hand, we see that the Awesome Oscillator (AO) is slightly positive, indicating weak bullish momentum. On the other hand, we see that the Alligator Indicator suggests a potential breakout if the price moves above $2,800. Ethereum traded at $2,759 as of press time, representing a 1.09% increase over the last 24 hours.
Maker Price Review
Maker, $MKR, is also among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the MKR recently flipped to a strong buy signal after breaking out above $1,250.
On the other hand, we see that the MFI is at 80.66 signals overbought conditions, suggesting a potential short-term correction. Maker traded at $1,415 as of press time, representing a 16.3% increase over the last 24 hours.
Jito Price Review
Jito, $JTO, is also among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that there is a strong breakout above all moving averages, suggesting a bullish continuation.
On the other hand, we see a sharp increase in the Volume Oscillator (43.59%) confirms the breakout. Jito traded at $3.19 as of press time, representing a 20.67% increase over the last 24 hours.
SPX6900 Price Review
SPX6900, $SPX, is also among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see a strong breakout above all moving averages, suggesting bullish continuation.
On the other hand, we see that a sharp increase in the Volume Oscillator (43.59%) confirms the breakout. SPX6900 traded at $0.7624 as of press time, representing a 16.6% increase over the last 24 hours.
