The bulls continue to dominate the market, driving an increase in the global market cap. At present, the total cap stands at $2.37 trillion, reflecting a 0.79% growth in the last 24 hours. However, trading volume has decreased by 16.94% during the same period, currently standing at $75.16 billion.
Bitcoin, the leading cryptocurrency, is not experiencing gains in today’s session. An in-depth analysis of its price movements reveals that it is currently trading above the middle Bollinger Band, suggesting a potential uptrend. The wide bands indicate high volatility. However, the Average Directional Index (ADX) value of 22.40 indicates a weak trend, indicating that Bitcoin is not in a strong trend phase. The current price of Bitcoin is $64,131, representing a 1.29% decrease in the last 24 hours.
Ethereum, another prominent cryptocurrency, is also not among the gainers this week. The Supertrend indicator shows a buy signal, indicating a bullish trend, with the green area below the price acting as support. Additionally, the Awesome Oscillator (AO) displays a positive value, signifying bullish momentum. Ethereum is currently trading at $3,430, reflecting a 0.5% decrease in the last 24 hours.
MANTLE (MNT) is one of the cryptocurrencies experiencing gains in today’s session. An in-depth analysis reveals that all lines of the Alligator indicator are aligned upwards, indicating a strong uptrend. The price of MANTLE is above all three lines, further confirming the bullish trend. Furthermore, the Woodies CCI has a value of 130.6887, indicating strong bullish momentum. MANTLE is currently trading at $0.8573, reflecting a 10.9% increase in the last 24 hours.
Dogwifhat (WIF) is also among the gainers today. The current price movements indicate a bullish trend, with the price trading above the cloud, and the upper edge of the cloud providing support. However, the Relative Strength Index (RSI) value of 69.81 suggests that the asset is nearing overbought conditions, potentially leading to a pullback. Dogwifhat is currently trading at $2.45, reflecting a 7.5% increase in the last 24 hours.
Jupiter (JUP) is another cryptocurrency experiencing gains in today’s session. An in-depth analysis reveals that the Jupiter price is following the upper channel, indicating an uptrend. The pitchfork lines act as dynamic support and resistance. Additionally, the ADX value of 43.93 confirms the strong trend in Jupiter. The current price of Jupiter is $0.9847, reflecting a 2.5% increase in the last 24 hours.