Daily Market Review: BTC, ETH, CFX, JASMY, ORDI
The bulls are now in control in today’s session, as seen from the increase in the global market cap. The total cap stood at $2.39T as of press time, representing a 3.6% increase over the last 24 hours, while the trading volume dropped by 1.46% over the same period to stand at $82.11B 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 shows that the Alligator lines (blue, red, green) are spread out, indicating a trend. Recently, the lines have shown signs of convergence, suggesting potential consolidation or a trend change.
On the other hand, we see that the Awesome Oscillator (AO) histogram is positive and green, indicating bullish momentum. The recent histogram bars show a mix of red and green, suggesting a weakening bullish momentum or a potential trend reversal. As of press time, Bitcoin traded at $67,576, representing a 3.79% increase over the last 24 hours.
Ethereum Price Review
Ethereum,$ETH, is also among the gainers in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the Bollinger bands are wide, indicating high volatility. The price bouncing back from the lower band suggests a potential upward movement towards the middle or upper band.
On the other hand, we see that the ADX Indicator is at 38.27, indicating a strong trend. The trend direction appears to be recovering from a recent downward move. As of press time, Ethereum traded at $3,252, representing a 3% increase over the last 24 hours.
Conflux Price Review
Conflux, $CFX, is also among the gainers in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the Supertrend indicator shows a green area, indicating a buy signal. The Conflux price is above the trendline, supporting bullish momentum.
On the other hand, we see that the Woodies CCI value is above 100, indicating a strong bullish trend. The recent spikes support continued upward momentum. As of press time, Conflux traded at $0.1683, representing a 15.85% increase over the last 24 hours.
JasmyCoin Price Review
JasmyCoin $JASMY is among the gainers in today’s session, as seen from the price movements. Looking at in-depth analysis, we see that the JasmyCoin price is trading near the upper boundary of the cloud, indicating potential bullish movement if it breaks through. The cloud’s future span indicates possible support or resistance areas.
On the other hand, we see that the Volume Oscillator shows increased volume activity, which could precede a significant price movement. As of press time, JasmyCoin traded at $0.02934, representing a 12.22% increase over the last 24 hours.
ORDI Price Review
ORDI $ORDI is also among the gainers in today’s session, as seen from the price movements. Looking at an in-depth analysis, the ORDI price is near the upper channel, indicating potential resistance. A breakout above could signal further upward movement.
On the other hand, we see that the RSI Indicator is at 57.13, indicating mild bullish momentum. The RSI is rising from the oversold region, suggesting continued upward movement. As of press time, ORDI traded at $38.92, representing an 11.52% increase over the last 24 hours.
