Today’s trading session is dominated by bears, evident from the decline in the global market cap. The total cap currently stands at $2.64 trillion, reflecting a 0.24% decrease over the last 24 hours. However, trading volume has seen a 6.9% increase, reaching $81.79 at the time of writing.
Bitcoin (BTC) is showing strength in today’s market. A detailed analysis of its price movements reveals a strong bullish trend, with the price peaking at around $71,600 before encountering resistance from the upper Bollinger Band and subsequent bearish candlesticks. Currently, the price is testing the 20 SMA at approximately $70,956, with Bollinger Bands indicating high volatility.
The Money Flow Index (MFI) stands at 55, suggesting a balance between buying and selling pressure. Keep an eye out for potential rebounds from the SMA or further corrections if the support fails. As of now, Bitcoin is priced at $71,055, marking a 0.21% increase from its previous 24-hour price.
Ethereum (ETH), on the other hand, is not among the gainers today. Its price appears stagnant around $3,792, with the SuperTrend indicator signaling a “sell” as it remains below $3,889.17. Trading activity is range-bound, implying consolidation, while the Commodity Channel Index (CCI) hovers near zero, indicating a lack of solid directional momentum. The current Ethereum price is $3,794, showing a 0.21% rise from the previous 24-hour price.
Moving on to Filecoin (FIL), the cryptocurrency is experiencing positive price movements today. The Alligator indicator suggests an emerging bullish trend as the lines fan out, with the green line crossing above the others. The Awesome Oscillator also supports the bullish momentum with increasing green bars. Filecoin is currently priced at $6.54, marking a 9.63% increase from its previous 24-hour price.
JasmyCoin Price (JASMY) is another gainer, with its price movements indicating a promising bullish trend. The chart shows the price above the Ichimoku cloud, a bullish signal. While the MACD histogram is positive, there is a slight decrease in momentum. The lagging span confirms the bullish scenario. JasmyCoin is priced at $0.04323, showing a 10.41% jump from its previous 24-hour price.
Lastly, Wormhole (W) is also seeing gains in today’s session. The Auto Pitchfork tool shows price action within an upward channel, facing resistance near $0.72. Woodie’s CCI indicates a decrease in momentum, hinting at a potential consolidation or retracement phase. Keep an eye on the support levels or a rebound from the middle line for a bullish continuation. Wormhole’s current price is $0.7106, reflecting a 6% increase from its previous 24-hour price.
