Daily Market Review: BTC, ETH, BSV, BOME, IMX
blockchainreporter.net 29 July 2024 21:38, 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 $2.48T as of press time, representing a 3.34% increase over the last 24 hours, while the trading volume dropped by 30.2% over the same period to stand at $52B as of press time.
Bitcoin Price Review
Bitcoin, $BTC, is not among the gainers in today’s session, as its price movements indicate. An in-depth analysis shows the Bitcoin price is currently trading around the Kumo cloud, indicating a state of indecision or consolidation. The Tenkan-sen (blue line) and Kijun-sen (red line) are close, suggesting a potential trend reversal or continuation depending on future price movements.
On the other hand, we see that the RSI is at 58.90, which is in the neutral zone but closer to the overbought territory. Bitcoin traded at $66,999 as of press time, representing a 1.4% decrease over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, is among the gainers in today’s session, as its price movements indicate. An in-depth Ethereum price analysis is trading within the bands, suggesting the market is not overly volatile. A slight upward movement indicates a potential bullish trend if the price stays above the middle band (20-day SMA).
On the other hand, the Awesome Oscillator shows a slight positive movement with green bars, indicating bullish momentum. Ethereum traded at $3,317 as of press time, representing a 1.38% increase over the last 24 hours.
Bitcoin SV Price Review
Bitcoin SV, $BSV, is also among the gainers today, as seen from the price movements. Looking at an in-depth analysis, we see that the Alligator lines (blue, red, green) have crossed, indicating a potential trend reversal or start of a new trend. The recent Bitcoin SV price movement above the Alligator’s mouth suggests a bullish trend.
On the other hand, the Volume Oscillator is at 36.82%, indicating a moderate increase in trading volume, which supports the recent price movement. The Bitcoin SV price was $51.17 as of press time, representing a 14.06% increase over the last 24 hours.
BOOK OF MEME Price Review
BOOK OF MEME, $BOME, is also among the gainers in today’s session, as seen from its price movements. An in-depth analysis shows that the Supertrend indicator is currently green, suggesting a bullish trend. The BOME price is above the Supertrend line, confirming the bullish sentiment.
On the other hand, we see that the Woodies CCI is in the overbought zone at 198.287220, indicating that the price might face some resistance or a potential pullback. The BOOK OF MEME price was $0.01023 as of press time, representing a 13.02% increase over the last 24 hours.
ImmutableX Price Review
As seen from its price movements, ImmutableX, $IMX, is also among the gainers in today’s session. An in-depth analysis shows that the Immutable price is moving within the pitchfork channel, showing a defined trend range. The recent bounce off the lower boundary suggests a potential upward movement towards the median line.
On the other hand, we see that the MFI is at 54.44, indicating moderate buying pressure. The ImmutableX price was $0.01023 as of press time, representing a 1.52% increase over the last 24 hours.
