Daily Market Review: BTC, ETH, AIOZ, BOME, BCH
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 $2.43T as of press time, representing a 1.68% increase over the last 24 hours, while the trading volume dropped by 28.17% over the same period to stand at $58.81B 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 nearing the upper band indicates that BTC/USD might face resistance around the $69,851 level. A breakout above this level could signal upward momentum, while a rejection could lead to a pullback towards the middle band around $67,986.34.
On the other hand, the Awesome Oscillator (AO) is positive, suggesting bullish momentum. However, traders should watch for potential changes in momentum. Bitcoin traded at $69,618 as of press time, representing a 3.12% increase over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, is also among the gainers in today’s session, as its price movements indicate. An in-depth analysis shows that the Jaw (blue line) is at $3,288.00, the Teeth (red line) at $3,280.65, and the Lips (green line) at $3,289.42. The Ethereum price is above all three lines, suggesting a bullish trend.
On the other hand, the Woodies CCI is positive at 257.74, indicating intense buying pressure. If this trend continues, ETH/USD could see further gains. However, the CCI is approaching overbought territory, and traders should be cautious of a potential reversal. Ethereum traded at $3,372 as of press time, representing a 4.53% increase over the last 24 hours.
Aioz Network Price Review
As the price movements show, Aioz Network $AIOZ is among the gainers in today’s session. Looking at in-depth analysis, we see that the Jaw (blue line) is at $0.5309, the Teeth (red line) at $0.5427, and the Lips (green line) at $0.5576. The price is above all three lines, indicating a bullish trend.
On the other hand, the Woodies CCI is positive at 235.3067, a strong bullish signal. The market might experience more upward movement if the bullish momentum is sustained. The Aioz Network price was $0.6239 as of press time, representing a 25.98% increase over the last 24 hours.
Book of Meme Price Review
Booj of Meme, $BOME, is also among the gainers in today’s session, as seen from the price movements. An in-depth analysis shows that the Book of Meme price is currently above the cloud, indicating a bullish trend. The Tenkan-sen (blue line) is above the Kijun-sen (red line), which is a bullish signal. The future cloud (Senkou Span A and B) also supports a bullish outlook.
On the other hand, the Volume Oscillator is positive at 20.96%, suggesting increased buying volume and supporting the bullish trend. The Book of Meme price was $0.01022, representing a 20.93% increase over the last 24 hours.
Bitcoin Cash Price Review
Bitcoin Cash $BCH is also among the gainers in today’s session, as seen from the price movements. An in-depth analysis shows that the Bitcoin Cash price is above the Supertrend line (currently at $404.49), indicating a bullish trend. The current price is $450.40.
On the other hand, the ADX is at 34.70, indicating a strong trend. The current bullish trend suggests that the upward momentum is likely to continue. As of press time, the Bitcoin Cash price was $451.64, representing a 13.51% increase over the last 24 hours.
