Daily Market Review: BTC, ETH, BONK, SEI, TIA
blockchainreporter.net 09 July 2024 10:30, UTC The bulls are back in control in today’s session, as seen from the increase in the global market cap. The total cap stood at $2.08T as of press time, representing a 0.92% increase over the last 24 hours, while the trading volume jumped by 82% over the same period to stand at $97.5B as of press time.
Bitcoin Price Review
Bitcoin (BTC) is not among the gainers in today’s session, as seen from its price movements. An in-depth analysis shows that the
price currently trades around the middle band, with a slight upward movement. This suggests a neutral position but with a potential for a breakout.
On the other hand, the Woodies CCI indicator shows a value of 75.19, indicating a bullish momentum. A value above 100 would confirm a solid upward trend. As of press time, Bitcoin traded at $57,160, representing a 2.4% increase over the last 24 hours.
Ethereum Price Review
Ethereum (ETH) has also posted gains in today’s session, as seen from its price movements. In-depth analysis shows that the moving averages of the Alligator indicator are starting to spread out, which could indicate the beginning of a new trend. The price is currently above the lips and teeth, suggesting bullish momentum.
On the other hand, the ADX is at 35.57, indicating a strong trend. The upward slope suggests increasing momentum. Ethereum traded at $3,063 as of press time, representing a 4.5% increase over the last 24 hours.
Bonk Price Review
Bonk (BONK) is among the gainers today, as seen from its price movements. An in-depth analysis shows that the chart shows a recent buy signal, as the price broke above the Supertrend line at $0.00002213. The current price is $0.00002613, indicating a strong upward movement.
On the other hand, the volume oscillator is at 4.72%, showing an increase in trading volume, which supports the upward trend. Bonk traded at $0.00002622 as of press time, representing a 21.4% increase over the last 24 hours.
Sei Price Review
Sei (SEI) is among the gainers today, as seen in its price movements. An in-depth analysis shows that the Sei price is currently below the Ichimoku Cloud, indicating a bearish trend. However, the price is close to breaking into the cloud, which could signal a potential reversal.
On the other hand, the Volume Oscillator is at 4.86%, indicating increased trading activity. Sei traded at $0.3029 as of press time, representing an 11.32% increase over the last 24 hours.
Celestia Price Review
Celestia (TIA) is among the gainers in today’s session, as seen from its price movements. In-depth analysis shows that the price is moving within the boundaries of the Pitchfork channel, currently near the upper boundary, which acts as resistance.
On the other hand, the Woodies CCI indicator shows a value of 98.951, indicating strong bullish momentum. Celestia traded at $6.14 as of press time, representing an 11.70% increase over the last 24 hours.
