The bulls are now gaining back control in today’s session, as seen from the increase in the global market cap. The total cap stood at $2.25T as of press time, representing a 0.50% increase over the last 24 hours, while the trading volume jumped by 9.6% over the same period to stand at $75.53B 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 Bitcoin is experiencing sideways movement with minor bullish attempts followed by corrections. The price is currently hovering around the 50, 100, and 200 SMA lines, indicating a neutral market sentiment.
The ADX indicator is at 22.08, suggesting a weak trend strength, meaning the current price movement lacks strong momentum. This could imply consolidation before a significant breakout or breakdown. Bitcoin traded at $63,686 as of press time, representing a 0.53% increase over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, has failed to post gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that Ethereum is trading within the Bollinger Bands, reflecting relatively low volatility. The recent price action shows multiple attempts to break above the middle band, but resistance persists.
Looking at other indicators, we see that the Awesome Oscillator (AO) shows a mix of bullish and bearish momentum without a clear direction, indicating indecisiveness among traders. Ethereum traded at $2,622 as of press time, representing a 0.93% decrease over the last 24 hours.
4-hour ETH/USD Chart | Source: TradingView Sei Price Review
Sei, $SEI, is among the top gainers in today’s session as seen from their price movements in today’s session. Looking at an in-depth analysis, we see that SEI is in a clear uptrend, breaking above the Ichimoku Cloud, signaling strong bullish momentum. The price is maintaining above key Ichimoku lines, indicating continued buying interest.
On the other hand, we see that the Money Flow Index (MFI) is at 79.24, suggesting overbought conditions which could lead to a potential pullback or consolidation before the next upward move. Sei traded at $0.4516 as of press time, representing a 21.87% increase over the last 24 hours.
4-hour SEI/USD Chart | Source: TradingView Sui Price Review
Sui, $SUI, is also among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that SUI is showing signs of consolidation after a strong upward move, with the Supertrend indicator providing support around 1.6441. The price is slightly retreating but still above critical support levels.
On the other hand, we see that the Volume Oscillator at -15.67% indicates declining trading volume, suggesting the current move may lack strong participation. Sui traded at $1.71 as of press time, representing a 12.81% increase over the last 24 hours.
4-hour SUI/USD Chart | Source: TradingView Dogwifhat Price Review
Dogwifhat, $WIF, is also among the gainers in today’s session as seen from its price movemenmts. Looking at an in-depth analysis, WIF is maintaining a bullish trajectory, supported by the Alligator indicator lines which are spreading apart, confirming a strong uptrend. Minor pullbacks to the Alligator’s green line have been well-supported.
On the other hand, we see that the ADX is at 42.08 indicates a strong trend, affirming the bullish momentum. Dogwifhat traded at $1.98 as of press time, representing a 1.98% increase over the last 24 hours.
4-hour WIF/USD Chart | Source: TradingView
