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The bulls are in control of today’s session, as seen from the increase in the global market cap. The total cap stood at $3.56T as of press time, representing a 2.68% increase over the last 24 hours, while the trading volume jumped by 10.47% over the same period to stand at $290.01B as of press time Bitcoin Price Review Bitcoin, $BTC, has posted gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, the 50, 100, and 200 SMAs indicate a slight consolidation phase with the price hovering near the 50-SMA. The 100-SMA below the 50 suggests that short-term bullish momentum remains intact, but the lack of a clear divergence hints at a neutral-to-bullish scenario. On the other hand, we see that the Awesome Oscillator (AO) displays a weakening momentum on both sides. The histogram shows lower peaks in both green and red bars, indicating a potential range-bound movement or a weakening trend. Bitcoin traded at $96,031 as of press time, representing a 1.21% increase over the last 24 hours. 4-hour BTC|USD Chart | Source: TradingView Ethereum Price Review Ethereum, $ETH, is also a top gainer in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that The price is trading above the cloud, which is bullish. The Leading Span A (green) and Span B (red) are converging, indicating a possible narrowing of momentum. On the other hand, we see that the RSI is above 60, pointing to bullish strength but not yet overbought. If the RSI crosses 70, it could signal overbought conditions. Ethereum traded at $3,709 as of press time, representing a 2.97% increase over the last 24 hours. 4-hour ETH/USD Chart | Source: TradingView Tron Price Review Tron, $TRX, is also among the top gainers…

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Filed under: News - @ December 4, 2024 11:23 pm