Daily Market Review: BTC, ETH, ORDI, SEI, BONK
The bears are still in control in today’s session, as seen from the decrease in the global market cap. The total cap stood at $2.36T as of press time, representing a 1.01% decrease over the last 24 hours, while the trading volume dropped by 9.7% over the same period to stand at $68.7B as of press time.
Bitcoin Price Review
However, Bitcoin, $BTC, is among the gainers in today’s session, as seen from its price movements. An in-depth chart analysis shows that Bitcoin’s price has recently touched the upper Bollinger Band at 67,318, indicating a potential overbought condition. Currently, around 65,026 are acting as a support level. The price has shown a consistent uptrend above this band.
On the other hand, we see that the Woodies CCI is at 78, in positive territory but not in the extreme overbought zone (>100). The CCI values suggest the market is bullish but could see a pullback as it hovers near the overbought zone. As of press time, Bitcoin traded at $66,555, representing a 0.16% increase over the last 24 hours.
Ethereum Price Review
Ethereum (ETH) is also among the gainers in today’s session, as seen from the price movements. Looking at an in-depth analysis, we see that the Alligator indicator lines (green, red, and blue) show a widening pattern, indicating a strong upward trend. Positioned in ascending order, confirming the bullish trend.
On the other hand, we see that the Awesome Oscillator (AO) histogram bars are consistently green, showing sustained bullish activity. As of press time, Bitcoin traded at $66,555, representing a 0.16% increase over the last 24 hours.
ORDI Price Review
As seen from its price movements, ORDI (ORDI) is another gainer in today’s session. An in-depth analysis shows that the Alligator indicator lines show a widening pattern, indicating a strong upward trend. Positioned in ascending order, confirming the bullish trend.
On the other hand, we see that the Awesome Oscillator’s histogram bars are consistently green, showing sustained bullish activity. As of press time, ORDI traded at $42.18, representing a 0.16% increase over the last 24 hours.
Sei Price Review
Sei (SEI) is also among the top gainers in today’s session, as seen from its price movements. An in-depth analysis shows that the Supertrend indicator is currently green, indicating a bullish trend. Positioned at 0.3650, acting as a support level.
On the other hand, we see that the rising ADX value suggests strengthening momentum. As of press time, SEI traded at $0.4074, representing a 17.3% increase over the last 24 hours.
Bonk Price Review
Bonk (BONK) is another gainer in today’s session, as seen from the price movements. An in-depth analysis shows that the Conversion Line (Tenkan-sen) is currently above the baseline (Kijun-sen), indicating a bullish trend. The base Line (Kijun-sen): Acting as a support level. The lagging Span (Chikou Span) is above the price, confirming bullish momentum. The Sei price is above the cloud, indicating a bullish trend.
On the other hand, the volume oscillator is negative, indicating a decrease in volume. The declining volume oscillator suggests weakening momentum. As of press time, BONK traded at $0.00003025, representing a 9.6% increase over the last 24 hours.
