Bulls are totally dormant in today’s session, as evidenced by their price movements. The global market cap stood at $2.61T as of press time, representing a 7.8% increase over the last 24 hours. The trading volume also jumped by 131% during the same period to $134.7B.
Bitcoin Price Review
Bitcoin (BTC) is back above $71K after a tremendous session today. An in-depth analysis shows that the Bitcoin price recently made a strong upward move, pushing through the upper Bollinger Band, indicating a breakout that suggests a continuation of bullish momentum.
On the other hand, the RSI is currently at 80.56, which is well into overbought territory. This is often a sign of solid buying pressure but also a potential for a pullback or consolidation as traders might take profits. As of press time, the Bitcoin price stood at $71,203, a 7.05% increase from its previous 24-hour price.
4-hour BTC/USD Chart | Source: TradingView Ethereum Price Review
Ethereum (ETH) is also among the top gainers in today’s session, as evidenced by its price movements. Looking at an in-depth analysis, we see that Ethereum is shown in a 4-hour chart utilizing the Ichimoku Cloud and Woodies CCI. The recent sharp price increase has the candlesticks breaking above the Ichimoku Cloud, indicating a strong bullish signal. The Woodies CCI is high, suggesting momentum is currently strongly positive.
The movement above the Cloud suggests a bullish solid phase. Watch the Cloud for support on pullbacks. The high CCI warns of potential overbought conditions, so a short-term correction could likely be needed before resuming the uptrend. As of press time, the Ethereum price stood at $3,660, an 18.8% increase from its previous 24-hour price.
4-hour ETH/USD Chart | Source: TradingView Lido DAO Price Review
Lido DAO (LDO) is among the top gainers in today’s session, as evidenced by its price movements. Looking at an in-depth analysis, we see that the Ichimoku Cloud shows Lido DAO experiencing a significant bullish spike, breaching the upper boundary of the Cloud, which typically signals a bullish trend reversal or upward solid momentum.
Conversely, the ADX line is rising, indicating increasing trend strength. As of press time, the Lido DAO price stood at $2.29, a 32.3% increase from its previous 24-hour price.
4-hour LDO/USD Chart | Source: TradingView Pyth Network Price Review
Pyth Network (PYTH) is also another participant in today’s session, as evidenced by its price movements. Looking at in-depth analysis, we see that Pyth Network’s chart with the Alligator Indicator displays a recent uptrend with prices moving above all three Alligator lines (Jaw, Teeth, and Lips), indicating a bullish phase.
On the other hand, the Awesome Oscillator shows green bars, supporting the bullish momentum. As of press time, the Pyth Network price stood at $0.483, a 23.95% increase from its previous 24-hour price.
4-hour PYTH/USDT Chart | Source: TradingView Ethena Price Review
Ethena (ENA) is also among the top gainers in today’s session, as evidenced by its price movements. An in-depth analysis shows that the Ethena price is near the top of a recent uptick within a descending pitchfork.
On the other hand, the volume oscillator shows increasing volume on the up moves, suggesting buying interest. The proximity to the upper boundary of the pitchfork may lead to resistance and potential pullbacks. As of press time, the Ethena price stood at $0.8479, a 19.2% increase from its previous 24-hour price.
4-hour ENA/USDT Chart | Source: TradingView
