Daily Market Review: BTC, ETH, XRP, WLD, AR
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 $2.32T as of press time, representing a 0.76% increase over the last 24 hours, while the trading volume also jumped by 48.14% over the same period to stand at $88.5B as of press time.
Bitcoin Price Review
Bitcoin $BTC is among the gainers in today’s session, as seen from its price movements. An in-depth analysis of Bitcoin price charts shows that the Bollinger Bands are widely expanded, suggesting increased volatility. The price is near the upper Bollinger Band at $67,057, which signals overbought conditions. The middle band (20-period SMA) is at $63,377, providing support. The lower band is at $59,697.
On the other hand, the Volume Oscillator shows a value of -18.49%, indicating reduced trading volume. This decrease in volume could suggest weakening momentum despite the recent price rise. As of press time, Bitcoin traded at $64,952, representing a 1.74% increase over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, is also among the gainers in today’s session, as seen from its price movements. On the other hand, the Alligator Indicator shows the lips, teeth, and jaws (green, red, and blue lines) fanning out and pointing upwards, indicating a strong bullish trend.
On the other hand, the Money Flow Index (MFI) is at 60.06, which is in the neutral zone but trending towards overbought territory. This suggests moderate buying pressure. Ethereum traded at $3,492 as of press time, representing a 1.77% increase over the last 24 hours.
Ripple Price Review
As seen from its price movements, Ripple (XRP) is another gainer in today’s session. In-depth analysis shows that the Supertrend indicator has a green buy signal of $0.5566, indicating strong bullish momentum.
On the other hand, we see that the Awesome Oscillator (AO) shows positive momentum with green bars above the zero line, supporting the bullish trend. As of press time, Ripple traded at $0.5819, representing an 8.79% increase over the last 24 hours.
Worldcoin Price Review
As seen from the price movements, Worldcoin (WLD) is among today’s session’s gainers. An in-depth analysis shows that the Worldcoin price is above the Ichimoku Cloud, indicating a bullish trend. The cloud provides support at $2.601 and resistance at $2.953.
On the other hand, the Woodies CCI is above zero, indicating a bullish trend with values of 85.215 and 47.698. Worldcoin traded at $2.97 as of press time, representing a 28.31% increase over the last 24 hours.
Arweave Price review
Arwevae (AR) is also among the gainers in today’s session, as seen from the price movements. An in-depth analysis shows that the Arweve price is within the upper channel of the Pitchfork, indicating a strong bullish trend.
On the other hand, the volume oscillator has a value of 4.20%, indicating increased trading activity that supports the price rise. Arweave traded at $31.93 as of press time, representing a 13.7% increase over the last 24 hours.
