Today’s market session has bulls on the upper hand, as seen from the price increase. The total market cap stood at $2.32T, representing a 3.1% increase over the last 24 hours. On the other hand, the trading volume, which stood at $79.76B, represents a 7.9% increase over the last 24 hours.
Bitcoin Price Review
Bitcoin (BTC) is among the top gainers in today’s session, as evidenced by its price movements. Analysing Bitcoin price charts, we see that Bitcoin has experienced a solid upward move after consolidation within the Pitchfork channel. The price has broken out of the upper boundary of the pitchfork, indicating a potential continuation of the bullish trend.
Looking at other indicators, The Money Flow Index (MFI) is at 60.95, suggesting moderate buying pressure. As of press time, the Bitcoin price stood at $65,933, a 6.5% increase from its previous 24-hour price.
4-hour BTC/USD Chart | Source: TradingView Ethereum Price Review
Ethereum (ETH) is another gainer in today’s session, as evidenced by its price movements. An in-depth analysis shows that Ethereum is trading above the middle Bollinger Band and approaching the upper one, indicating bullish momentum.
Analyzing momentum indicators, we see the Awesome Oscillator (AO) shows positive momentum, with green bars indicating increasing bullish pressure. As of press time, the Bitcoin price stood at $65,933, a 6.5% increase from its previous 24-hour price.
4-hour ETH/USD Chart | Source: TradingView Solana Price Review
Solana (SOL) is another gainer in today’s session, as seen from its price movements. Analysing Solana’s price charts, we see that Solana has experienced a solid upward move and is trading above the Supertrend indicator, signalling a bullish trend.
Gauging other indicators, we see the ADX (Average Directional Index) is at 24.48, indicating a moderate trend strength. As of press time, the Solana price stood at $161.68, a 12.45% increase from its previous 24-hour price.
4-hour SOL/USD Chart | Source: TradingView Dogecoin Price Review
Dogecoin (DOGE) also has a bull trend in today’s session, as seen from its price movements. In-depth analysis shows that Dogecoin trades above the Alligator indicator’s moving averages, which show bullish alignment (lips, teeth, and jaw).
Looking at other momentum indicators, the RSI is at 61.70, indicating slightly overbought conditions. As of press time, the Dogecoin price stood at $0.1557, a 6% increase from its previous 24-hour price.
4-hour DOGE/USDT Chart | Source: TradingView Cardano Price Review
Cardano (ADA) is among the top gainers today, as seen in its price movements. Looking at an in-depth analysis, we see that Cardano is trading within the Ichimoku Cloud, with the price approaching the cloud’s upper boundary.
On the other hand, looking at other indicators, we see that the Woodies CCI is at 78.86, indicating positive momentum. As of press time, the Cardano price stood at $0.4578, a 6.7% increase from its previous 24-hour price.
4-hour ADA/USD Chart | Source: TradingView