Bulls are still dominant in today’s session, as seen from the increase in the global market cap. The total cap stood at $2.63T as of press time, representing a 0.2% increase over the last 24 hours to stand at $2.63T as of press time.
Bitcoin Price Review
Bitcoin (BTC) is facing consolidations in today’s session, as seen from its price decrease. An in-depth analysis shows that the Bitcoin price appears to be retracing towards the middle Bollinger Band (around $70,068).
On the other hand, the Awesome Oscillator (AO) indicates a shift from positive to negative momentum as the red histogram bars grow in size, which could signal a potential downward correction or consolidation. As of press time, the Bitcoin price stood at $71,511, representing a 1.21% jump from its previous 24-hour price.
4-hour BTC/USD Chart | Source: TradingView Ethereum Price Review
Ethereum (ETH) is also among the gainers in today’s session, as seen from its price movements. An in-depth analysis shows that Ethereum’s price has experienced significant bullish momentum, as indicated by its sharp rise and stabilization above the Alligator indicator. This suggests a solid upward trend.
On the other hand, the Money Flow Index (MFI) nearing the overbought territory at 70.97 may suggest that the price might face some resistance or potential pullback as traders take profits. As of press time, the Ethereum price stood at $3,845, representing a 1% jump from its previous 24-hour price.
4-hour ETH/USD Chart | Source: TradingView Mantle PriceReview
Mantle (MNT) is among the gainers in today’s session, as evidenced by its price movements. Analysing Mantle price charts, we see it is moving sharply above the SuperTrend indicator, which has turned green, signalling a bullish reversal.
On the other hand, the ADX (at 32.50) is relatively high, suggesting that the current trend is strong. As of press time, the Mantle price stood at $1.04, representing a 6.8% jump from its previous 24-hour price.
4-hour MNT/USD Chart | Source: TradingView Stacks Price Review
Stacks (STX) is also among the top gainers in today’s session, as seen from its price movements. Looking at an in-depth analysis, Stacks presents a bullish scenario with the price recently breaking above the Ichimoku cloud, indicating a possible bullish reversal or trend continuation.
On the other hand, the CCI is in the overbought zone, which could be a concern for a potential short-term pullback, but the strong momentum may carry the price further up before any significant retracement. As of press time, the Stacks price stood at $2.39, representing a 5.88% jump from its previous 24-hour price.
4-hour STX/USDT Chart | Source: TradingView Pyth Network Price Review
Pyth Network (PYTH) is also among the gainers in today’s session, as seen from its price movements. Looking in-depth, the Pyth chart shows an interesting technical pattern, with the Auto Pitchfork tool indicating a bullish breakout from a converging pattern, which could signal the start of a new bullish trend.
On the other hand, the ADX, at 36.34, supports the strength of this new trend, indicating a robust bullish phase. As of press time, the Pyth Network price stood at $0.4755, representing a 2,29% jump from its previous 24-hour price.
4-hour PYTH/USDT Chart | Source: TradingView