The bulls are back in total control of today’s session, as seen from the decrease in the global market cap. The total cap stood at $3.31T as of press time, representing a 1.61% increase over the last 24 hours, while the trading volume dropped by 8.8% over the same period to stand at $148.8B as of press time
Bitcoin Price Review
Bitcoin, $BTC, posted a notable rise in today’s session, as seen from its price movements. Looking at an in-depth analysis, BTC has been testing the upper and lower bands, indicating high volatility. Currently, the price is moving upwards after touching the lower band, suggesting a potential rebound.
On the other hand, we see that the RSI is at 63.05, which indicates slightly bullish momentum. However, it is not yet in the overbought zone, leaving room for further upward movement. Bitcoin traded at $95,00 as of press time, representing a 1.84% increase over the last 24 hours.
4-hour BTC|USD Chart | Source: TradingView 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 the price is below the 50-day MA but attempting to reclaim it, indicating short-term bearishness but potential recovery. A golden crossover (50 MA above 100/200 MAs) occurred earlier, but the price has corrected since.
On the other hand, we see that the Volume Oscillator shows a negative reading suggests declining trade volume, which could limit the strength of the recovery. Ethereum traded at $3,319 as of press time, representing a 0.29% increase over the last 24 hours.
4-hour ETH|USD Chart | Source: TradingView Sui Price Review
Sui, $SUI, is among the top gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that the lines are widening with the price above them, indicating a developing uptrend.
On the other hand, we see that the MFI is at 83.06, the MFI is in the overbought zone, suggesting that the uptrend could lose steam soon. Sui traded at $5.1 as of press time, representing a 10.90% increase over the last 24 hours.
4-hour SUI|USDT Chart | Source: TradingView Fantom Price Review
Fantom, $FTM, 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 price has broken above the cloud, which is a bullish signal. The lagging span also supports bullish momentum.
On the other hand, we see that the ADX is at 23.53, the ADX indicates weak trend strength, suggesting the breakout may lack momentum. Fantom traded at $0.7355 as of press time, representing a 13.01% increase over the last 24 hours.
4-hour FTM|USDT Chart | Source: TradingView AIOZ Network Price Review
AIOZ Network, $AIOZ, is also among the top gainers today as also seen from its price movements. Looking at an in-depth analysis, we see that the price is near a bearish Supertrend level, acting as immediate resistance. A clear break above $0.96 is required for bullish continuation.
On the other hand, we see that the AO is transitioning from red to green bars, showing potential bullish divergence. AIOZ Network traded at $0.9565 as of press time, representing a 5.88% increase over the last 24 hours.
4-hour AIOZ|USD Chart | Source: TradingView
