In today’s market session, bulls have regained control as evidenced by the rise in the global market cap. Currently, the total cap stands at $2.36 trillion, reflecting a 1.97% increase over the past 24 hours.
Bitcoin Price Analysis
Bitcoin (BTC) is showing positive movement today, with a potential bullish reversal pattern known as a falling wedge. The current price is near the support line of the wedge, hinting at a possible breakout to the upside with a target price of $72,000.
The RSI for Bitcoin is neutral, indicating room for upward movement without being overbought. At the moment, Bitcoin is trading at $65,541, marking a 0.02% increase over the last 24 hours.
Ethereum Price Analysis
Ethereum (ETH) is also experiencing gains today, with the price hovering near the middle band of the Bollinger Bands, suggesting a period of consolidation due to low volatility. The RSI for Ethereum is neutral, with no clear overbought or oversold conditions.
If bullish momentum continues, Ethereum could move towards the upper band at $3,622.34. Currently, Ethereum is trading at $3,586, reflecting a 1.14% increase over the last 24 hours.
Fetch.ai Price Analysis
Fetch.ai (FET) is showing positive price movements today, with the Alligator indicator indicating a bullish trend as the green line is above the red and blue lines. However, the MFI is in the overbought territory at 81.30, suggesting a potential pullback or consolidation before further upward movement.
As of now, Fetch.ai is trading at $1.68, marking a significant 28.3% increase over the last 24 hours.
SingularityNET Price Analysis
SingularityNET (AGIX) is among the top gainers today, with the Supertrend indicator showing a bullish signal above $0.6748. If the price can sustain above this level, it could confirm a bullish trend. The volume oscillator is also increasing, indicating growing buying pressure.
At present, SingularityNET is trading at $0.6807, reflecting a 25.3% increase over the last 24 hours.
Akash Network Price Analysis
Akash Network (AKT) is also showing gains today, with the price trading within the Ichimoku Cloud, suggesting a period of consolidation. The Woodies CCI is in the bullish zone at 86.7351, indicating upward momentum.
A breakout above the cloud, particularly above the Leading Span B at $3.3147, would confirm a bullish trend for Akash Network. Currently, Akash Network is trading at $3.20, marking a 7.08% increase over the last 24 hours.
