The rise in the global market capitalization over the past day is a sign that bulls are still showing resilience on the markets. The global market cap was $2.6 trillion at the time of publication, an increase of 0.5% from the previous day.
Bitcoin Price Review
Bitcoin As the charts indicate, BTC is currently undergoing consolidation. We can see that Bitcoin is currently trading at the upper edge of the band on the BTC/USD 4-hour charts. This suggests a strong upward movement. The RSI is at 60, indicating a moderate Bitcoin markets.
The RSI movement indicates a little uncertainty as bulls and bears fight for dominance. As of press time the Bitcoin price was $64.6K, representing a 5.2% drop in the last day as the crypto king surged again.
Ethereum Price Review
You can also find out more about the following: Ethereum The chart of (ETH), shows that Ethereum is in the upper half, but it also has a couple bearish candles. This altcoin king is now entering a period where consolidation will take place.
The MACD indicator has now entered the red zone, indicating that the bears have taken control of the market. At the time of publication, the Ethereum price stood $3889. This represents a drop of 1 in just 24 hours.
Pepe Price Review
The Supertrend is green and below the Pepe (AR), indicating a bullish market. As long as this line is above the Pepe price, the upward trend will remain intact. As can be seen by the higher highs, and higher lows of the Pepe price over the displayed period, the uptrend is intact.
Money Flow Index, which is currently at 80.35 is close to the overbought area. This is a sign of massive buying, which supports today’s pump. A reading near 80 indicates that the market is not overbought, and therefore the risk of a correction. As of the time of publication, Pepe’s price was $0.000008848. This represents a 0.22% increase in the past 24 hours.
FLOKI Price Review
As indicated by recent red candlesticks, the FLOKI price has recently been in an upward trend. It now appears to be entering a corrective phase. The Alligator, which is an accumulation of moving averages suggests a positive trend. It shows the green line above the red and blue lines (jaw).
ADX has reached a value at 52 which indicates that the market is in a fairly strong trend. An ADX value over 25 usually indicates a market trend. The greater the value over 25, the stronger is the trend. A rising ADX when paired with a rising price indicates a strong uptrend. As of press time the FLOKI price was $0.0002508, which represents a 9.5% increase in the past 24 hours.
Shiba Inu Price Review
When we look at Shiba Inu, the CCI line is higher than the signal line. This indicates a bullish momentum. Both lines diverge, which may indicate that momentum is getting stronger.
The Awesome Oscillator (used to gauge trends) has returned to a red histogram as it moves closer to the zero line. This is a warning despite recent trends. Shiba Inu’s price was $0.00003532 by press time. That represents a 0.15% decline in the last day.
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Source: blockchainreporter.net
