Daily Market Review: BTC, ETH, MNT, WIF, JUP

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 $2.37T as of press time, representing a 0.79% increase over the last 24 hours, while the trading volume dropped by 16.94% over the same period to stand at $75.16B as of press time.

Bitcoin Price Review

Bitcoin, $BTC, is not among the gainers in today’s session, as seen from its price movements. An in-depth chart analysis shows the Bitcoin price is currently above the middle Bollinger Band, indicating a potential uptrend. The bands are relatively wide, suggesting high volatility.

On the other hand, we see that the ADX (Average Directional Index) value is 22.40. An ADX value below 25 indicates a weak trend. Thus, Bitcoin is currently not in a strong trend phase. As of press time, Bitcoin traded at $64,131, representing a 1.29% decrease over the last 24 hours.

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Ethereum Price Review

Ethereum $ETH is also not among the gainers this week, as seen from the price movements. An in-depth analysis shows that the Supertrend indicator shows a buy signal, suggesting a bullish trend. The green area below the price indicates support.

Conversely, the Awesome Oscillator (AO) shows a positive value, indicating bullish momentum. Ethereum traded at $3,430 as of press time, representing a 0.5% decrease over the last 24 hours.

AD 4nXcEFDfoFE5XdVQe5YKNHGFrXz qT zYIG8cRnQ WTDFOu9QeAC — 4-hour ETH/USD Chart | Source: TradingView

MANTLE Price Review

MANTLE (MNT) is among the gainers in today’s session, as seen from the price movements. An in-depth analysis shows that all lines of the Alligator indicator are aligned upwards, indicating a strong uptrend. The MANTLE price is above all three lines, further confirming the bullish trend.

On the other hand, the Woodies CCI has a value of 130.6887. A value above 100 indicates strong bullish momentum. MANTLE traded at $0.8573 as of press time, representing a 10.9% increase over the last 24 hours.

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Dogwifhat Price Review

Dogwifhat $WIF is also among the gainers today, evidenced by its current price movements. An in-depth analysis shows that the Dogwifhat price is above the cloud, indicating a bullish trend. The upper edge of the cloud acts as support.

On the other hand, we see that the RSI (Relative Strength Index) is at 69.81. An RSI close to 70 indicates that the asset is nearing overbought conditions, suggesting potential for a pullback. Dogwifhat traded at $2.45 as of press time, representing a 7.5% increase over the last 24 hours.

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Jupiter Price Review

Jupiter $JUP is also among the gainers today, as seen from the price movements. An in-depth analysis shows that the Jupiter price is following the upper channel, indicating an uptrend. The pitchfork lines act as dynamic support and resistance.

On the other hand, we see that the ADX (Average Directional Index) value is 43.93. An ADX value above 25 indicates a strong trend, confirming the current uptrend in Jupiter. Jupiter traded at $0.9847 as of press time, representing a 2.5% increase over the last 24 hours.