Bulls are back in control of the markets, as evidenced by the increase in the global market cap. The total cap stood at $2.5T as of press time, representing a 2.79% increase from its previous 24-hour. The trading volume stood at $82.89B as of press time, representing a 12% drop over the last 24 hours.
Bitcoin Price Review
Bitcoin (BTC) is among the gainers in today’s session, evidenced by its price movements. However, an in-depth analysis shows that the Bitcoin chart indicates a bearish trend, as the price trades below the Ichimoku Cloud.
On the other hand, the RSI (Relative Strength Index) is near 50, suggesting a neutral momentum with neither overbought nor oversold conditions. As of press time, the Bitcoin price stood at $69,181, representing a 2.7% jump from its previous 24-hour price.
4-hour BTC/USD Chart | Source: TradingView Ethereum Price Review
Ethereum (ETH) is another gainer in today’s session amid the general market recovery. However, an in-depth analysis shows that the Ethereum price has recently moved below the moving average line (20 SMA), indicating a bearish outlook.
On the other hand, looking at other indicators, we see that the RSI levels are shallow, hovering around 27, which indicates oversold conditions. As of press time, the Ethereum price stood at $3,579, representing a 2.68% jump from its previous 24-hour price.
4-hour ETH/USD Chart | Source: TradingView Dogecoin Price Review
Dogecoin (DOGE) was another gainer in today’s session, as seen from its price movements. An in-depth analysis shows that Dogecoin shows a mixed trend, with the price fluctuating around the Williams Alligator’s moving averages.
On the other hand, the RSI is near 50, suggesting a neutral market sentiment. Recent price action is relatively flat, with Dogecoin trading between narrow highs and lows, indicating consolidation. As of press time, the Dogecoin price stood at $0.1477, representing a 7.6% jump from its previous 24-hour price.
4-hour DOGE/USD Chart | Source: TradingView Filecoin Price Review
Filecoin (FIL) is another gainer in today’s session, as seen from its price movements. However, an in-depth analysis shows that the Filecoin price is in a downtrend, as indicated by the trading below the Supertrend indicator.
On the other hand, the Relative Strength Indicator (RSI) is near 50, indicating neutral conditions. As of press time, the Filecoin price stood at $5.6, representing a 3.44% jump from its previous 24-hour price.
4-hour FIL/USD Chart | Source: TradingView Internet Computer Price Review
Internet Computer (ICP) is another gainer in today’s session, as evidenced by its price movements. However, an in-depth analysis shows that the price is bearish, with the pitchfork tool indicating downward pressure.
On the other hand, the RSI is just below 50, suggesting slight bearish momentum. As of press time, the Internet Computer price stood at $10.58, representing a 4.6% jump from its previous 24-hour price.
4-hour ICP/USD Chart | Source: TradingView