The bulls are in total control in today’s session, as seen from the increase in the global market cap. The total cap stood at $2.1T as of press time, representing a 1.37% increase over the last 24 hours, while the trading volume dropped by 12% over the same period to stand at $79.46B as of press time.
Bitcoin Price Review
Bitcoin, $BTC, has posted gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the Bitcoin price the chart shows Bollinger Bands, which are used to measure market volatility. The price recently touched the lower band, indicating potential oversold conditions. A bounce back from the lower band is observed, suggesting a short-term recovery or potential reversal.
On the other hand, we see that the RSI (Relative Strength Index) is at 38.98, which is below the neutral 50 level, suggesting bearish momentum. However, it’s approaching oversold territory, hinting at a possible reversal. Bitcoin traded at $59,459 as of press time, representing a 0.52% 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 chart uses the Alligator indicator, consisting of three smoothed moving averages (Jaw, Teeth, and Lips) to identify trends. The lines are currently intertwined, indicating a lack of a clear trend or a consolidation phase.
On the other hand, we see that the RSI is at 43.31, indicating bearish momentum but not yet oversold. Ethereum traded at $2,544 as of press time, representing a 3.19% decrease over the last 24 hours.
4-hour ETH/USD Chart | Source: TradingView DOGS Price Review
DOGS, $DOGS, is also among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that the DOGS price is slightly above the cloud, suggesting a potential bullish trend, but the cloud’s narrow width indicates low volatility.
On the other hand, the Woodies Commodity Channel Index (CCI) is above 84.48, signaling overbought conditions. This could mean a potential pullback or correction is imminent. DOGS traded at $0.001478 as of press time, representing a 16.49% decrease over the last 24 hours.
4-hour DOGS/USDT Chart | Source: TradingView Immutable Price Review
Immutable, $IMX, is also among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that the Supertrend indicator shows a bullish signal as the price is above the Supertrend line. This suggests a continuation of the upward trend.
On the other hand, we see that the Awesome Oscillator (AO) shows a decrease in bullish momentum as it transitions from green to red, indicating potential slowing of upward momentum. Immutable traded at $1.49 as of press time, representing a 6.67% increase over the last 24 hours.
4-hour IMX/USDT Chart | Source: TradingView Helium Price Review
Helium, $HNT, is also among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that the chart utilizes the Auto Pitchfork tool to visualize potential support and resistance levels. The price is approaching the upper median line of the pitchfork, suggesting resistance.
On the other hand, we see that the Volume Oscillator is at -20.99%, indicating decreasing volume in the recent upward move, which could imply weakening buying pressure. Helium traded at $7.29 as of press time, representing a 10.89% increase over the last 24 hours.
4-hour HNT/USD Chart | Source: TradingView
