The current market session is showing bullish momentum, evident from the rise in global market capitalization. At the moment, the total cap is at $2.65 trillion, reflecting a 0.28% increase in the last 24 hours, while the trading volume has dropped by 5% to $75 billion.
Bitcoin Price Movement
Bitcoin (BTC) is experiencing gains in today’s session, with its price movement indicating an upward trend. A detailed analysis reveals that the Bitcoin chart is showing a recent uptrend, with the price hovering near the upper band of the Bollinger Bands, suggesting potential overbought conditions. The price is holding strong above the 20 SMA (blue line), indicating a bullish trend. Resistance is seen around $71,000, with solid support forming near $70,000.
Although the RSI is not displayed, the decrease in volume indicates reduced selling pressure, supporting continued bullish behavior unless a significant reversal occurs. Currently, the Bitcoin price is at $71,249, marking a 0.54% increase from its previous 24-hour price.
Ethereum Price Movement
Ethereum (ETH) failed to show gains in today’s session, with its price action indicating a consolidation pattern. The price is fluctuating around the 20 SMA, suggesting a balance between buyers and sellers. The Alligator indicator shows a sideways market, with the lines intertwined and flat.
The MFI stands at 56.50, near the center range, indicating a balanced and indecisive market sentiment. The current Ethereum price is $71,249, showing a 0.54% increase from its previous 24-hour price.
Wormhole Price Movement
Wormhole (W) is the top gainer in today’s session, displaying a bullish breakout from the Ichimoku cloud, signaling a potential rise in price. The token is currently testing resistance at $0.702.
With the RSI at 54.69, there is room for upward movement before the asset becomes overbought. The recent price action above the cloud and the upward slope indicate growing bullish momentum. The current Wormhole price is $0.7073, marking a 13.6% increase from its previous 24-hour price.
ORDI Price Movement
ORDI (ORDI) also showed gains in today’s session, displaying a strong bullish trend with green candles above the Supertrend line, which has turned green as well. This change in color signals a bullish reversal.
Woodie’s CCI is above 100, confirming strong upward momentum. The ongoing trend suggests that the price may continue to rise as long as it remains above the Supertrend line. The current ORDI price is $63.22, showing a 12.2% increase from its previous 24-hour price.
Injective Price Movement
Injective (INJ) is another gainer in today’s session, showing a strong bullish impulse breaking out of a descending pitchfork pattern, indicating a potential reversal from a downtrend to an uptrend. The large green candle suggests strong buying pressure.
However, the MFI stands at 78.59, indicating overbought conditions that may lead to a temporary pullback or consolidation before further upward movement. The current Injective price is $29.33, reflecting a 12.47% increase from its previous 24-hour price.
