The bulls are in control of today’s session, as seen from the increase in the global market cap. The total cap stood at $2.29T as of press time, representing a 2.49% increase over the last 24 hours, while the trading volume also jumped by 45% over the same period to stand at $90B 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 chart shows that the Bitcoin price is above the 50, 100, and 200-day Simple Moving Averages (SMA), indicating a strong bullish trend.
On the other hand, we see that the ADX (Average Directional Index) is at 31.23, suggesting a strong trend. Bitcoin traded at $65,701 as of press time, representing a 2.6% increase over the last 24 hours.
4-hour BTC|USD Chart | Source: TradingView Etherum Price Review
Ethereum, $ETH, has also posted gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the Ethereum price is above the 20-day SMA and is approaching the upper Bollinger Band, indicating potential overextension.
On the other hand, we see that the AO (Awesome Oscillator) shows positive momentum is evident as the AO histogram shows green bars increasing in height. Ethereum traded at $2,614 as of press time, representing a 3.82% increase over the last 24 hours.
4-hour ETH/USD Chart | Source: TradingView BOOK OF MEME Price Review
BOOK OF MEME, $BOME, is also among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that BOOK OF MEME price is well above the alligator indicator, which comprises three moving averages, suggesting strong bullish momentum.
On the other hand, we see that the RSI (Relative Strength Index) is extremely high at 85.15, indicating possible overbought conditions. BOOK OF MEME traded at $0.01042 as of press time, representing a 17.55% increase over the last 24 hours.
4-hour BOME/USD Chart | Source: TradingView Cat in a dogs world Price Review
Cat in a dogs world, $MEW, is also among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the MEW price is above the Supertrend indicator, which is a good sign for bulls.
On the other hand, we see that the Volume Oscillator has seen a rise in volume coinciding with price increases confirms bullish sentiment. Cat in a dogs world traded at $16.51 as of press time, representing a 17.55% increase over the last 24 hours.
4-hour MEW/USD Chart | Source: TradingView Bitcoin Cash Price Review
Bitcoin Cash, $BCH, is also among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the Bitcoin price has just pierced through the upper boundary of the Ichimoku cloud, suggesting a possible trend reversal to bullish.
On the other hand, we see that the ADX is rising ADX at 31.90 supports the indication of a strengthening trend. Bitcoin Cash world traded at $369.80 as of press time, representing a 12.92% increase over the last 24 hours.
4-hour BCH/USD Chart | Source: TradingView
