The bulls are in control of today’s session, as seen from the increase in the global market cap. The total cap stood at $3.7T as of press time, representing a 2.92% increase over the last 24 hours, while the trading volume jumped by 26.11% over the same period to stand at $161.59B as of press time
Bitcoin Price Review
Bitcoin, $BTC, posted gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the chart shows Bitcoin experiencing a steady uptrend, breaking through the $100,000 resistance level recently. The 50, 100, and 200 simple moving averages (SMAs) are aligned in ascending order, indicating a strong bullish trend.
On the other hand, we see that the Relative Strength Index is near 75, which suggests that Bitcoin might be entering overbought territory, but the strong momentum could sustain further gains. Bitcoin traded at $104,821 as of press time, representing a 3.1% 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 ethereum shows a consistent upward trend, trading above the Ichimoku Cloud, which indicates a bullish market environment. The price is above the cloud and the conversion line is above the baseline, reinforcing the bullish sentiment.
On the other hand, we see that the Money Flow Index is around 68, suggesting strong buying pressure, but nearing overbought levels. Ethereum traded at $3,960 as of press time, representing a 3.05% increase over the last 24 hours.
4-hour ETH/USD Chart | Source: TradingView
Ondo Price Review
Ondo, $ONDO, 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 ONDO has recently shown a significant spike in price, suggesting a bullish impulse. The lines are spread out with the green line (lips) above the red (teeth) and blue (jaw) lines, indicating a bullish phase.
On the other hand, we see that the Average Directional Index is above 20 but trending downward, which might suggest that the current trend is losing some strength. Ondo traded at $2.07 as of press time, representing a 14.62% increase over the last 24 hours.
4-hour ONDO/USDT Chart | Source: TradingView
Fantom Price Review
Fantom, $FTM, 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 Fantom has recently surged above the $1.40 level, showing bullish momentum. The price is testing the upper Bollinger band, which often acts as a resistance level; a pullback might occur if it can’t sustain above this band.
On the other hand, we see that the ADX is decreasing below 20, indicating that the current trend is weak or that the market is moving into a consolidation phase. Fantom traded at $1.39 as of press time, representing a 14.31% increase over the last 24 hours.
4-hour FTM/USDT Chart | Source: TradingView
Stacks Price Review
Stacks, $STX, 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 Stacks shows a recent surge, pushing it above previous resistance levels near $2.40. The price has just moved above the cloud, indicating a potential shift to a bullish trend.
On the other hand, we see that the Awesome Oscillator is above zero and increasing, which supports the bullish momentum observed. Stacks traded at $2.47 as of press time, representing a 9.85% increase over the last 24 hours.
4-hour STX/USDT Chart | Source: TradingView
