The bulls are still in control in today’s session, as seen from the increase in the global market cap. The total cap stood at $2.45T as of press time, representing a 0.15% increase over the last 24 hours, while the trading volume jumped by 56.7% over the same period to stand at $90.9B as of press time.
Bitcoin Price Review
However, Bitcoin, $BTC, is not among the gainers in today’s session, as seen from its price movements. An in-depth analysis shows that the Bitcoin Price is nearing the upper band, indicating potential overbought conditions. The Bitcoin price has been in an uptrend but has recently shown signs of potential consolidation or a minor pullback as it approaches the upper Bollinger Band.
On the other hand, looking at other indicators, we see that the ADX value is 20.92, indicating a weak trend strength. As of press time, Bitcoin traded at $66,502, representing a 1.23% decrease over the last 24 hours.
4-hour BTC/USD Chart | Source: TradingView Ethereum Price Review
Ethereum $ETH has also failed to post gains in today’s session, as seen from the price movements. An in-depth analysis shows that the moving averages show a converging pattern, indicating a potential slowing down of the trend. Ethereum has been in an uptrend but shows signs of weakening momentum, as indicated by the convergence of the Alligator lines.
On the other hand, we see that the Woodies CCI is profoundly damaging, indicating bearish momentum. Ethereum traded at $3,451 during press time, representing a 0.84% decrease over the last 24 hours.
4-hour ETH/USD Chart | Source: TradingView Ethereum Name Service Price Review
Ethereum Name Service $ENS is among the gainers in today’s session, as seen from its price movements today. An in-depth analysis shows that the supertrend is currently showing a buy signal but is approaching the resistance zone. ENS is in a consolidation phase with recent bullish momentum.
On the other hand, we see that the Awesome Oscillator is showing mixed signals, with recent green bars indicating bullish momentum. Ethereum Name Service traded at $27.36 during press time, representing a 4.14% increase over the last 24 hours.
4-hour ENS/USD Chart | Source: TradingView Ripple price Review
Ripple $XRP is not among the gainers in today’s session, as seen from its price movements today. An in-depth analysis shows that the Ripple price is above the cloud, indicating a bullish trend. XRP is in a bullish trend but with low volume, suggesting the move might not be strongly supported.
The volume oscillator shows low volume, indicating a lack of firm conviction regarding the current move. Ripple traded at $0.5995 during press time, representing a 0.01% decrease over the last 24 hours.
4-hour XRP/USD Chart | Source: TradingView Ethereum Classic Price Review
Ethereum Classic $ETC is among the gainers today, as seen from the token’s price movement. An in-depth analysis shows that the Ethereum Classic price moves within the Pitchfork channel, indicating a potential bullish trend.
On the other hand, we see that the Woodies CCI is currently positive, suggesting bullish momentum. Ethereum Classic traded at $23.97 during press time, representing a 2.05% increase over the last 24 hours.
4-hour ETC/USDT Chart | Source: TradingView
