The total cap stood at $2.26T as of press time, representing a 2.66% increase over the last 24 hours, while the trading volume jumped by 50% over the same period to stand at $87B as of press time.
The bulls are having a field day in today's crypto session, with gains being posted across the board.
The total global market cap experienced a 2.66% increase over the last 24 hours, now standing at $2.26T as of press time. This marks a significant rise from the $2.2T reported yesterday.
Adding to the bullish scenario, the trading volume also jumped by 50% over the same period to stand at $87B as of press time.
Bitcoin (BTC) is posting gains in today's session, as seen from its price movements.
An in-depth analysis shows that the Alligator indicator is displaying a bullish trend, with the green line (Lips) positioned above the red (Teeth) and blue (Jaw) lines. The lines are also observed to be diverging, indicating a strong upward trend.
On the other hand, we see that the Woodies CCI is above zero and oscillating around the 100 level, suggesting a strong bullish momentum. However, there is a slight dip visible, indicating a potential consolidation or minor pullback.
At press time, Bitcoin is trading at $64,044, showing a 5.39% increase over the last 24 hours.
Ethereum (ETH) is also showing gains in today's session, as evident from its price movements.
An in-depth analysis reveals that the Ethereum price is approaching the upper band, indicating it is potentially overbought. A squeeze is forming, suggesting that volatility might increase soon.
On the other hand, we see that the Money Flow Index (MFI) is above 80, entering the overbought territory. This may indicate a potential reversal or pullback as buying pressure may diminish.
At press time, Ethereum is trading at $2,763, showing a 4% increase over the last 24 hours.
Worldcoin (WLD) is another gainer in today's session, as seen from its price movements.
An in-depth analysis shows that the Worldcoin price has broken above the cloud, indicating a bullish trend. The Tenkan-sen (conversion line) is above the Kijun-sen (base line), and the Chikou span is above the price, confirming the bullish sentiment.
On the other hand, we see that the ADX is above 30, indicating a strong trend. The upward movement suggests a strong bullish momentum.
At press time, Worldcoin is trading at $1.94, showing a 14.39% increase over the last 24 hours.
Bonk (BONK) is also showing gains in today's session, as evident from its price movements.
An in-depth analysis reveals that the Supertrend indicator is in a bullish mode, with the price above the indicator line, signaling a buy.
On the other hand, we see that the ADX is around 28, suggesting a moderately strong trend. The trend appears to be gaining strength, as indicated by the upward slope.
At press time, Bonk is trading at $0.00002126, showing a 13.2% increase over the last 24 hours.
Pepe (PEPE) is among the gainers in today's session, as also seen from its price movements.
An in-depth analysis shows that the price is currently near the upper boundary of the Pitchfork channel, which might act as resistance. A breakout above this level could suggest further bullish momentum.
On the other hand, we see that the Volume Oscillator is slightly above zero, indicating some buying pressure. A significant increase in volume would confirm a breakout.
At press time, Pepe is trading at $0.059072, showing a 12.8% increase over the last 24 hours.
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