Daily Market Review: BTC, ETH, UNI, WIF, NOT
Today’s market session has bulls on the front foot as seen from the movements in the global markket cap. The total cap stood at $2.42T as of press time, representing 0.27% increase over the last 24 hours. On the other hand, the trading volume has decreased by 41% to stand at $2.42T as of press time.
Bitcoin Price Review
Bitcoin (BTC) is also another gainer in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that the Alligator lines show a bearish pattern as the green line (jaw) is above the red (teeth) and blue (lips) lines, which are intertwined, indicating a potential downward trend.
The Woodies CCI (Commodity Channel Index) shows that the current value is around 23.12. This suggests a moderately bullish signal if it remains above the zero line, but it is relatively close to the threshold, indicating that caution is warranted. As of press time, Bitcoin was trading at $66,656, representing a 0.5% increase over the the last 24 hours.
Ethereum Price Review
Ethereum (ETH) is also another gainer in today’s session as evidenced by its price movements. Looking at an in-depth analysis, we see that Ethereum’s price is moving close to the middle Bollinger band, indicating moderate volatility.
On the other hand, we see that the recent movement above the middle band could suggest a possible bullish reversal if sustained. However, a resistance around $3,595 could limit upward movements. As of press time, Ethereum was trading at $3,564, representing a 0.68% increase over the the last 24 hours.
Uniswap Price Review
Uniswap (UNI) is also another gainer in today’s session as seen from the price movements. UNI has moved above the Supertrend line, turning it from red to green, which suggests a bullish signal.
On the other hand, we see the MFI is also above 75, indicating that the market may be entering overbought territory, which sometimes precedes a pullback. As of press time, Uniswap was trading at $11.54, representing a 6% increase over the the last 24 hours.
Dogwifhat Price Review
Dogwifhat (WIF) is also another gainer in today’s session as seen from the price movements. Looking at an in-depth analysis, we see that the Dogwifhat price is currently below the Ichimoku Cloud, suggesting a bearish outlook.
On the other hand, the Volume Oscillator shows a value of -7.88%, indicating that the current volume is lower than the average volume. As of press time, Dogwifhat was trading at $2.54, representing a 5.7% increase over the the last 24 hours.
Notcoin Price Review
Notcoin (NOT) is also another gainer in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that the itscha rt shows a falling wedge pattern, typically a bullish reversal pattern, indicating that an upward price breakout might occur if the price breaks the upper boundary.
On the flip side, the RSI is near neutral (around 60), supporting the possibility of a breakout. As of press time, Notcoin was trading at $0.02022, representing a 5.6% increase over the the last 24 hours.
