Daily Market Review: BTC, ETH, TIA, WIF, DOGE
blockchainreporter.net 23 July 2024 02:41, UTC 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 $2.44T as of press time, representing a 0.52% increase over the last 24 hours, while the trading volume jumped by 43% over the same period to stand at $72.1B 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 Bitcoin price is trading near the upper Bollinger Band, indicating strong bullish momentum. The Bollinger Bands are widening, suggesting increased volatility.
On the other hand, the Woodies CCI is above 100, which is a strong bullish signal. However, a slight dip indicates a potential pullback or consolidation. As of press time, Bitcoin traded at $67,915, representing a 0.83% 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. An in-depth analysis shows that the Alligator’s lips, teeth, and jaw (green, red, and blue lines) are in a bullish alignment, with the lips above the teeth and the teeth above the jaw. This suggests a strong uptrend.
On the other hand, we see that the Awesome Oscillator (AO) is positive but showing a slight decrease, indicating weakening bullish momentum. A potential bearish crossover might be forming, indicating a short-term correction. Ethereum traded at $3,487 as of press time, representing a 0.02% increase over the last 24 hours.
Celestia Price Review
Celestia $TIA is also among the gainers in today’s session, as seen from its price movements. Looking at an in-depth analysis, the Celestia price is above the Ichimoku Cloud, indicating a bullish trend. The Tenkan-sen (blue line) and Kijun-sen (red line) point upwards, suggesting strong momentum.
On the other hand, the Money Flow Index (MFI) is around 66.33, which is in bullish territory but below the overbought threshold of 80. This indicates healthy buying pressure without overbought conditions. As of press time, Celestia traded at $7.5, representing a 14.29% increase over the last 24 hours.
Dogwifhat Price Review
Dogwifhat $WIF is also among the gainers in today’s session, as seen from its price movements. Looking at an in-depth analysis, the Supertrend indicator is in the green zone, suggesting a solid bullish trend. The Dogwifhat price is well above the Supertrend line, indicating strong support below.
On the other hand, we see that the Woodies CCI is above 100, indicating strong bullish momentum. A slight dip might suggest a minor correction or consolidation phase. As of press time, Dogwifhat traded at $2.89, representing a 12.02% increase over the last 24 hours.
Dogecoin Price Review
Dogecoin, $DOGE, is also among the gainers in today’s session, as seen from its price movements. An in-depth analysis shows that the Dogecoin price follows the pitchfork’s upper median line, indicating a strong bullish trend. The recent candles test the upper resistance line, suggesting a potential breakout.
On the other hand, the volume oscillator is at 5.06%, indicating an increase in volume, which supports the bullish trend. High volume on upward moves confirms strong buying interest. As of press time, Dogecoin traded at $0.141, representing a 7.9% increase over the last 24 hours.
