The bulls are controlling today’s session, as evidenced by the increase in global market capitalization. The total cap stood at $3.56 trillion as of press time, representing a 2.68% increase over the past 24 hours, while trading volume jumped 10.47% over the same period to $290.01 billion as of press time.
Bitcoin price review
Bitcoin, $BTC, posted gains in today’s session, as evidenced by price action. Looking at in-depth analysis, the 50, 100, and 200 SMA indicate a slight consolidation phase with the price moving near the 50 SMA. The 100 SMA below 50 indicates that the short-term bullish momentum remains intact, But the lack of clear divergence indicates a neutral to bullish scenario.
On the other hand, we see that the Awesome Oscillator (AO) is showing weak momentum on both sides. The chart shows lower highs in both the green and red bars, indicating a potential move within a weak range or trend. Bitcoin was trading at $96,031 as of press time, representing a 1.21% increase over the past 24 hours.
Ethereum price review
Ethereum, $ETH, is also one of the biggest gainers in today’s session as also evident from the price action. Looking at the in-depth analysis, we see that the price is trading above the cloud, which is bullish. The main band A (green) and band B (red) are converging, indicating a possible tightening of momentum.
On the other hand, we see that the RSI is above 60, indicating bullish strength but not in overbought territory yet. If the RSI crosses the 70 level, this may indicate overbought conditions. Ethereum was trading at $3,709 as of press time, representing a 2.97% increase over the past 24 hours.
Tron price review
Tron, $TRX, is also among the biggest gainers in today’s session as also evident from the price action. Looking at the in-depth analysis, we see that the crocodile’s jaws (green, red and blue lines) are widely spaced, indicating strong bullish momentum. However, the recent decline indicates profit taking or temporary consolidation.
On the other hand, we see that the RSI is at 75, and the RSI is in the overbought zone, indicating caution. A reversal or consolidation may be imminent. TRON was trading at $0.375 as of press time, representing a 57.06% increase over the past 24 hours.
DAO Curve Token Price Review
Curve DAO Token, $CRV, is also among the biggest gainers in today’s session as also evident from the price action. Looking at the in-depth analysis, we see that the upward spread of the Alligator lines confirms the presence of a strong uptrend. However, the price is showing signs of exhaustion near the top.
On the other hand, we see that the RSI is at 80, and the curve is significantly overbought, indicating a high probability of a correction in the short term. The Curve DAO token was trading at $1.12 as of press time, representing a 20.91% increase over the past 24 hours.
Sandbox Pricing Review
Sandbox $SAND is also among the biggest gainers in today’s session as also evident from the price action. Looking at the in-depth analysis, we see that the Sandbox price is still above the Supertrend line, indicating an uptrend. A break below $0.75 would negate this bias.
On the other hand, we see that the MFI (Money Flow Index) is at 73, which is close to overbought levels, indicating that buyers are dominating the market, but the trend may stop soon. Sandbox was trading at $0.9453 as of press time, representing a 19.89% increase over the past 24 hours.
