《Daily Market Commentary: BTC, ETH, W, PEPE, SHIB》

From the perspective of the growth of global market capitalization, bulls dominate today's trading. The current total market capitalization is $2.3 trillion, up 2.59% in the past 24 hours, but the trading volume has fallen by 37% in the same period, to $88.18 billion at press time.

Bitcoin Price Commentary:

From the analysis of price trends, Bitcoin ($BTC) has risen to a certain extent in today's trading. Bitcoin prices are trading above the 50, 100, and 200 simple moving averages (SMAs), showing a strong bullish trend. Among them, the 50 SMA (yellow), 100 SMA (green), and 200 SMA (blue) jointly support the upward momentum. The relative strength index (RSI) is 65.97, close to overbought levels but still in a healthy range, which means there is room for further gains before a possible pullback. At press time, Bitcoin is trading at $65,486, up 0.08% in 24 hours.

Ethereum Price Comment:

Ethereum ($ETH) is also on the rise in today's trading. A closer look at the price action shows that Ethereum price is approaching the upper band of the Bollinger Bands, indicating strong bullish pressure. The Bollinger Bands are expanding, which means volatility is increasing. The RSI is 51.88, which is in the neutral zone, which leaves room for further price increases or decreases. At press time, Ethereum is trading at $2,621, up 1.22% in the past 24 hours.

Wormhole Price Comment:

Wormhole ($W) is also on the rise in today's trading. Looking at the technical indicators, one of the Alligator indicator lines (blue, red, and green) is pointing upwards, showing a clear bullish trend. The price is in line with all the Alligator lines, confirming strong buying momentum. The volume oscillator shows a positive divergence, which is consistent with the rising price trend, indicating continued bullish activity. At press time, Wormhole is trading at $0.3166, up 17.27% in the past 24 hours.

Pepe Price Comments:

Pepe ($PEPE) is also one of the coins that rose in today's trading. A deeper analysis shows that the price of Pepe is far above the Ichimoku Cloud, which is a strong bullish signal. The cloud ahead is also bullish (green), indicating that there is potential for further gains. The Average Directional Index (ADX) is 43.40, indicating a strong trend that supports a continued uptrend. At press time, Pepe is trading at $0.00001042, up 16.67% in the past 24 hours.

Shiba Inu Price Comments:

Shiba Inu ($SHIB) is also up in today's trading. The Supertrend indicator shows a buy signal, and the price trend is in the green supertrend. The volume oscillator is about to pick up, which may support the continued uptrend, but higher volume will be more favorable for a continued bullish wave. At press time, Shiba Inu is trading at $0.00001907, up 16% in the past 24 hours.