The bulls are now gaining back control in today's session, as seen from the increase in the global market cap.
Markets Pro Analysis shows that bulls are regaining control in today’s session, evident in the rising global market cap. The total cap was at $2.2T at press time, showing a 0.26% decrease over the last 24 hours, whereas the trading volume saw a 36.5% drop during the same period, reaching $44.85B at press time.
Bitcoin Price Analysis: BTC Price Fails to Post Gains, Consolidating Below Resistance
Bitcoin, $BTC, failed to post gains in today’s session, as evident in its price movements. Taking a closer look, we see that Bitcoin is trading above the Supertrend line, indicating a bullish trend. The price recently pulled back after a strong upward move, showing consolidation at potential resistance levels.
Moreover, the ADX is at 34.56, suggesting strong trend momentum. The trend strength is still valid but showing early signs of weakening. Bitcoin traded at $62,928 at press time, showing a 0.26% decrease over the last 24 hours.
Ethereum Price Analysis: ETH Price Posts Gains, Consolidating at Potential Resistance Levels
Ethereum, $ETH, is also among the gainers in today’s session, as evident in its price movements. Taking an in-depth look, we see that Ethereum is in a bullish trend, as confirmed by the upward alignment of the Alligator’s moving averages. The recent price action shows consolidation at the $2,580 level, a potential resistance area.
On the other hand, the MFI is at 62.56, indicating mildly overbought conditions but not yet at extreme levels, allowing room for further upside. Ethereum traded at $2,583 at press time, showing a 1.17% increase over the last 24 hours.
Pendle Price Analysis: PENDLE Price Surges, Breaking Above Ichimoku Cloud
Pendle, $PENDLE, is also among the top gainers in today’s session, as evident in its price movements. Taking an in-depth look, we see that Pendle has broken above the Ichimoku Cloud, signaling a strong bullish trend. The price surge is accompanied by an upward-sloping ADX at 29.88, indicating growing trend strength.
The ADX is rising, suggesting the trend is strengthening. The gap between price and the Ichimoku Cloud may imply potential retracement or consolidation. Pendle traded at $4.25 at press time, showing a 22.17% increase over the last 24 hours.
Bittensor Price Analysis: TAO Price Rises, Ascending Within a Pitchfork Channel
Bittensor, $TAO, is also among the gainers in today’s session, as evident in its price movements. Taking an in-depth look, we see that the Bittensor price is following an upward Pitchfork channel, indicating a bullish trend within a defined range. The price is currently near the upper boundary of the Pitchfork.
Moreover, the MACD shows a bullish crossover, indicating positive momentum, but the histogram is flattening, suggesting a potential slowing of upward momentum. Bittensor traded at $467.99 at press time, showing a 13.7% increase over the last 24 hours.
Akash Network Price Analysis: AKT Price Surges, Trading Above Upper Bollinger Band
Akash Network, $AKT, is also among the gainers in today’s session, as evident in its price movements. Taking an in-depth look, we see that the Akash Network price has recently surged above the upper Bollinger Band, indicating strong bullish momentum, However, this often suggests overbought conditions.
The MACD shows a positive crossover with rising histogram bars, indicating bullish momentum. Akash Network traded at $2.85 at press time, showing a 7.38% increase over the last 24 hours.
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