Market Bullish as Global Market Cap Rises
The market session today has seen a surge in bullish activity, evident from the rise in the global market cap. At present, the global market cap stands at $2.54 trillion, reflecting a 0.3% increase in the last 24 hours. Additionally, the trading volume has also witnessed a 1.5% increase, reaching $81.8 billion during the same period.
Bitcoin’s Price Analysis
Bitcoin (BTC) has emerged as a gainer in today’s session, with its price experiencing an upward trajectory. A detailed analysis reveals that the Bitcoin price is currently situated near the middle Bollinger band, indicating a period of consolidation. The price’s trading activity between the upper and middle bands, without any significant breakouts, suggests a lack of volatility.
However, the volume oscillator stands at -16.29%, indicating below-average volume levels. This could imply a lack of solid momentum in Bitcoin’s current price movement. As of now, the Bitcoin price stands at $68,309, representing a 0.30% increase in valuation over the last 24 hours.
Ethereum’s Price Analysis
Unlike Bitcoin, Ethereum (ETH) has not recorded any gains in today’s session. A closer examination of the chart reveals a potential double-top pattern, with the neckline currently being tested. If the price breaks below this neckline, it may further decline towards the indicated target level of $3,200.
Furthermore, the Awesome Oscillator (AO) indicator is displaying red bars, indicating an increasing bearish momentum as the bars grow taller. The Ethereum price currently stands at $3,741, reflecting a 0.30% decrease in valuation over the last 24 hours.
JasmyCoin’s Price Analysis
JasmyCoin (JASMY) has also witnessed a price increase in today’s session, positioning itself as another gainer. A comprehensive analysis indicates that the JasmyCoin price is trading above the cloud, signifying a short-term bullish trend. The cloud is functioning as a supportive element for the price.
Moreover, the Awesome Oscillator (AO) is forming, suggesting an escalating bullish momentum. As of now, the JasmyCoin price stands at $0.03136, representing a 24.19% increase in valuation over the last 24 hours.
ORDI’s Price Analysis
ORDI (ORDI) is yet another gainer in today’s session, as evidenced by its price movements. A detailed analysis reveals that the price is comfortably above the cloud, which indicates a bullish trend. The presence of a green cloud ahead further implies sustained bullish momentum.
Furthermore, the Average Directional Index (ADX) is above 50, indicating a robust trend in progress. Currently, the ORDI price stands at $50, reflecting a 19.3% increase in valuation over the last 24 hours.
Arweave’s Price Analysis
Arweave (AR) has also experienced a price increase in today’s session. Upon closer analysis, we observe that the jaws, teeth, and lips on the chart are opening up and turning upwards, suggesting a potential bullish phase if the price manages to maintain above these lines.
Additionally, the Woodies CCI indicator shows some upward momentum, with the line positioned above the zero mark. This indicates bullish conditions in the near term. As of now, the Arweave price stands at $43.11, reflecting an 11.7% increase in valuation over the last 24 hours.
