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Today’s market session has seen bulls take back control, as seen from the rise in the global market cap. The total cap stood at $2.08T as of press time, representing a 5.18% jump over the last 24 hours, while the trading volume stood at $89.3B as of the same period, representing a 26.77% decrease over the same period. Bitcoin Price Review Its price movements show that Bitcoin (BTC) is a gainer in today’s session. An in-depth analysis shows that the Bitcoin price is moving towards the upper band, indicating a potential reversal from the downtrend. The narrowing of the bands suggests decreased volatility. The cost exceeds the 20 SMA, which can be a bullish signal. If it holds, it may indicate a shift to an upward trend. On the other hand, we see that the MFI is at 59.14, which is nearing the overbought threshold (above 80), indicating a potential for further upward movement but with caution for a possible pullback. As of press time, Bitcoin traded at $57,834, representing a 2% increase over the last 24 hours. 4-hour BTC/USD Chart | Source: TradingView Ethereum Price Review Ethereum (ETH) is another gainer in today’s session, as evidenced by its price movements. In-depth analysis shows that the Alligator lines are starting to converge after a downtrend, signaling a potential reversal if the price moves above the teeth (red line). On the other hand, we see that the AO histogram bars are turning green and increasing in size, suggesting bullish momentum is building. This aligns with the potential reversal indicated by the Alligator. As of press time, Ethereum traded at $3,053, representing a 1.96% increase over the last 24 hours. 4-hour ETH/USD Chart | Source: TradingView Core DAO Price Review Its price movements show that core DAO (CORE) is today’s top gainer.…

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Filed under: News - @ July 7, 2024 2:24 pm