Today’s market session has been seen bulls take back control as seen from the increase in the global market cap. As of press time, the total cap stood at $2.36T as of press time, representing a 1.97% increase over the last 24 hours.
Bitcoin Price Review
Bitcoin (BTC) is a gainer in today’s session as seen from the price movements. Looking at an in-depth analysis, we see a falling wedge pattern, typically a bullish reversal pattern. The current price is near the support line of the wedge, suggesting a potential breakout to the upside. The target price, as indicated, is around $72,000, aligning with the height of the wedge pattern.
On the other hand, the RSI is neutral, suggesting there is room for an upward move without being overbought. As of press time, Bitcoin was trading at $65,541, representing a 0.02% increase over the the last 24 hours.
4-hour BTC/USD Chart | Source: TradingView Ethereum Price Review
Ethereum (ETH) is also a gainer in today’s session as also seen from the price movements. Looking at an in-depth analysis, we see that the Ethereum price is near the middle band of the Bollinger Bands, suggesting consolidation. The Bollinger Bands are not very wide, indicating low volatility.
On the other hand, the RSI is neutral, implying there is no clear overbought or oversold condition. A move towards the upper band ($3,622.34) is possible if the bullish momentum continues. As of press time, Ethereum was trading at $3,586, representing a 1.14% increase over the the last 24 hours.
4-hour ETH/USD Chart | Source: TradingView Fetch.ai Price Review
Fetch.ai (FET) is a gainer in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that the Alligator indicator shows the green line above the red and blue lines, indicating a bullish trend.
However, on the other hand, we see that the MFI is at 81.30, which is in the overbought territory. This suggests a potential pullback or consolidation before any further upward movement. As of press time, Ethereum was trading at $1.68, representing a 28.3% increase over the the last 24 hours.
4-hour FET/USDT Chart | Source: TradingView SingularityNET Price Review
SingularityNET (AGIX) is also among the top gainers today as seen from its price movements. Looking at an in-depth analysis, we see that the Supertrend indicator is showing a bullish signal above $0.6748. The price is currently just below this level. If the price sustains above $0.6748, it can confirm a bullish trend.
Looking at other indicators, we see that the volume oscillator is increasing, suggesting that the buying pressure is building up. As of press time, SingularityNET was trading at $0.6807, representing a 25.3% increase over the the last 24 hours.
4-hour AGIX/USDT Chart | Source: TradingView Akash Network Price Review
Akash Network (AKT) 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 Akash Network price is trading within the Ichimoku Cloud, indicating a period of consolidation.
On the other hand, we see that the Woodies CCI is in the bullish zone at 86.7351, suggesting upward momentum. A breakout above the cloud, particularly above the Leading Span B ($3.3147), would confirm a bullish trend. As of press time, Akash Network was trading at $3.20, representing a 7.08% increase over the the last 24 hours.
4-hour AKT/USDT Chart | Source: TradingView
