Bitcoin, Ethereum, zkSync, Core, and Floki Price Analysis: Bulls Still in Control

The bulls are still in control in today's session, as seen from the increase in the global market cap. The total cap stood at $2.44T as of press time

Global markets showed signs of recovery on Wednesday, March 1, 2023, with the bulls maintaining their grip on the session. Here's a closer look at the price movements of some key cryptocurrencies.

Bitcoin (BTC) showed slight gains in today's session, continuing its consolidation above the $66K level. Taking a closer look at the 1-hour chart, we can see that BTC price is trading near the upper Bollinger Band, indicating potential overbought conditions. The bands are expanding, suggesting increased volatility.

On the other hand, the Woodies CCI is showing mixed signals with values oscillating between positive and negative territories, indicating indecision in the market. The latest values show slight positive movement, suggesting a weak bullish sentiment.

Bitcoin trades at $66,831, showing a 0.43% increase over the last 24 hours.

Ethereum (ETH) price showed minimal gains in today's session, continuing its consolidation above the $3.4K level. Taking a closer look at the 1-hour chart, we can see that Ethereum is consolidating after a strong upward move, as indicated by the horizontal price movement. The lines (Jaw, Teeth, and Lips) are intertwined, suggesting a lack of trend or consolidation phase.

On the other hand, the ADX is at 24.62, indicating a weak trend. Generally, a value above 25 indicates a strong trend, so the current reading suggests a lack of significant directional movement.

Ethereum trades at $3,496, showing a 0.21% increase over the last 24 hours.

zkSync (ZKS) price showed strong gains in today's session, continuing its upward momentum. Taking a closer look at the 1-hour chart, we can see that the zkSync price is above the Ichimoku Cloud, indicating an overall bullish trend. The leading span is positive, and the price is above both the conversion and base lines, confirming bullish momentum.

On the other hand, the RSI is at 75.37, indicating overbought conditions. This could suggest a potential for a price correction.

zkSync trades at $0.1934, showing an 8.84% increase over the last 24 hours.

zkSync (ZKS) price showed strong gains in today's session, continuing its upward momentum. Taking a closer look at the 1-hour chart, we can see that the price is above the Supertrend line, indicating a bullish trend. The green Supertrend line is acting as support, and the price is respecting this level.

On the other hand, the Woodies CCI is very high at 174.4901, indicating extreme overbought conditions, which could lead to a price correction.

Core trades at $1.56, showing a 10.91% increase over the last 24 hours.

Floki (FLOKI) price showed gains in today's session, continuing its recovery from recent lows. Taking a closer look at the 1-hour chart, we can see that the price is following an upward channel as indicated by the Pitchfork. The price is moving within the upper boundary of the Pitchfork, suggesting a strong uptrend.

On the other hand, the Awesome Oscillator is showing positive momentum, with green bars indicating bullish strength.

Floki trades at $0.0001986, showing a 5.93% increase over the last 24 hours.

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