Today’s market session shows bullish control, with a slight increase in the global market cap and notable movements in BTC, ETH, MNT, WIF, and JUP.
Points
- Global market cap stands at $2.37 trillion, up 0.79% in 24 hours.
- Bitcoin and Ethereum show mixed trends with slight declines.
- MANTLE and Dogwifhat among the gainers, demonstrating strong bullish indicators.
The bulls are still in control in today’s session, as evidenced by an increase in the global market cap to $2.37 trillion, representing a 0.79% rise over the last 24 hours. However, the trading volume dropped by 16.94% to $75.16 billion.
Bitcoin Price Review
Bitcoin’s Average Directional Index （ADX） is at 22.40, indicating a weak trend. Currently, Bitcoin is trading at $64,131, showing a 1.29% decrease over the past 24 hours. This data suggests that Bitcoin is not in a strong trend phase, making it a critical time for traders to monitor for potential shifts.
Ethereum Price Review
Ethereum is trading at $3,430, down 0.5% over the last 24 hours. The Awesome Oscillator （AO） shows a positive value, indicating bullish momentum. This mixed trend suggests that Ethereum might be consolidating before its next move.
MANTLE Price Review
MANTLE （MNT） is among the top gainers today, trading at $0.8573, a 10.9% increase over the last 24 hours. The Alligator indicator shows all lines aligned upwards, confirming a strong uptrend. Additionally, the Woodies CCI is at 130.6887, reinforcing the bullish momentum.
Dogwifhat Price Review
Dogwifhat （$WIF） is also experiencing gains, trading at $2.45, a 7.5% increase in the last 24 hours. The price is above the cloud, indicating a bullish trend, though the RSI is close to 70, suggesting potential overbought conditions.
Jupiter Price Review
Jupiter （$JUP） is following an uptrend, trading at $0.9847, up 2.5% in the last 24 hours. The ADX value of 43.93 confirms a strong trend. Traders should watch for further developments as Jupiter continues its upward trajectory.
解説
- Average Directional Index （ADX）: An indicator used to quantify trend strength. An ADX below 25 suggests a weak trend, while above 25 indicates a strong trend.
- Awesome Oscillator （AO）: A technical indicator used to measure market momentum.
- Alligator indicator: A trend-following indicator that uses three smoothed moving averages to identify market trends and reversals.
- Woodies CCI （Commodity Channel Index）: An oscillator used to identify cyclical trends in a commodity or stock.
- Overbought conditions: A situation where an asset’s price has risen sharply and may be due for a correction.