Daily Market Review: BTC, ETH, CFX, XEC, 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 $2.41T as of press time, representing a 3.68% increase over the last 24 hours, while the trading volume dropped by 15.1% over the same period to stand at $75.44B as of press time.

Bitcoin Price Review

Bitcoin, $BTC, is among the gainers in today’s session, as its price movements indicate. An in-depth analysis shows that the Bitcoin price is currently above the middle band (20 SMA), indicating a bullish trend. The Bitcoin price is nearing the upper Bollinger Band, which could signify overbought conditions.

On the other hand, the RSI is at 65.52, which is close to the overbought threshold of 70. This might suggest a potential pullback or consolidation in the near term. As of press time, Bitcoin traded at $68,151, representing a 1.7% increase over the last 24 hours.

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Ethereum Price Review

Ethereum, $ETH, is also among the gainers in today’s session, as seen from its price movements. In-depth analysis shows that the Alligator Indicator shows a bullish trend, as the lips, teeth, and jaw are in a bullish alignment (green, red, blue).

On the other hand, the Awesome Oscillator is in positive territory but shows decreasing momentum, suggesting a potential slowdown in the bullish trend. Ethereum traded at $3,274 as of press time, representing a 3.68% increase over the last 24 hours.

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Conflux Price Review

Conflux $CFX is another gainer in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the Conflux price has recently broken above the Supertrend indicator, which is bullish.

On the other hand, looking at other indicators, we see that the Volume Oscillator indicates an increase in trading volume, which supports the bullish move. Conflux traded at $0.1841 as of press time, representing a 21% increase over the last 24 hours.

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xCash Price Review

eCash, $XEC, is also among the gainers in today’s session, as seen from the price movements. In-depth analysis shows that the xCash price has broken above the Ichimoku Cloud, which is a bullish signal.

On the other hand, the ADX is at 27.77, indicating a strengthening trend, though it’s not yet solid. eCash traded at $0.00004009 as of press time, representing a 17.05% increase over the last 24 hours.

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Jupiter Price Review

As seen from its price movements, Jupiter, $JUP, is another gainer in today’s session. Looking at an in-depth analysis, we see that the Jupiter price has broken above the middle line of the pitchfork, which is bullish.

On the other hand, the Woodies CCI is at 168.47, which is in the overbought region. This suggests caution, as the price may be due for a correction. Jupiter traded at $1.14 as of press time, representing a 13.6% increase over the last 24 hours.