Bears have dominated today’s trading session, resulting in a decline in the global market cap. At the time of writing, the total cap is $2.56 trillion, representing a 2% drop in the last 24 hours. However, there is a bullish trend indicated by Bitcoin’s price movements.
Bitcoin (BTC) is currently experiencing consolidations. A closer look at the price chart reveals fluctuating movements within an Ichimoku cloud. Recently, the price has surged, breaking through the upper boundary of the cloud, which typically signals a bullish trend. The current price of Bitcoin is around $68,293.
Although the Moving Average Convergence Divergence (MACD) indicator is not visible, the Money Flow Index (MFI) stands at 26.03, suggesting potential undervaluation. This, combined with the break above the Ichimoku cloud and a low MFI, presents a promising buying opportunity. The current valuation of Bitcoin is $68,301, reflecting a 2% decrease in the last 24 hours.
Ethereum (ETH) is also going through consolidations. Its price shows significant volatility, trading within a Bollinger Bands envelope. There was a sharp rise from around $3,400 to highs near $4,000, followed by a retreat to approximately $3,817. This indicates a resistance test at the upper Bollinger Band and a subsequent pullback.
The Woodies CCI shows a reading around -114.86, which helps identify cyclical trends. Readings above +100 suggest a robust upward momentum and a buy signal, while readings below -100 indicate a solid downward momentum and a sell signal. Currently, Ethereum is valued at $3,825, representing a 0.9% decrease in the last 24 hours.
Floki (FLOKI) has gained momentum in today’s session. The price chart shows a rising trend, with the current price around $0.0029611 after some consolidation. The Alligator indicator, consisting of three smoothed moving averages, is open, indicating a solid uptrend. The recent green bars on the Awesome Oscillator confirm the bullish momentum. The current valuation of Floki is $0.0002959, reflecting a 10.27% increase in the last 24 hours.
Notcoin (NOT) is another gainer today. The price chart shows a recovery from a sharp fall, with the current price at approximately $0.008892. The Supertrend indicator signals a bullish reversal, while the ADX indicates a strong trend. With a high ADX value and a positive Supertrend, there is solid upward momentum expected. The current valuation of Notcoin is $0.008918, representing an 8.2% increase in the last 24 hours.
Celestia (TIA) is also experiencing gains in today’s session. The price chart indicates a significant bullish trend, with a surge from around $9.50 to over $11.60, demonstrating strong upward momentum. The Auto Pitchfork tool shows the price trading in the upper channel, indicating strong buying interest. The Volume Oscillator is positive at 17.88%, suggesting increased trading volume accompanying the price rise. The current valuation of Celestia is $0.008918, reflecting a 22.4% increase in the last 24 hours.
