Daily market Review: BTC, ETH, PEPE, MOG, WIF
BTC
ETH
MEME
MOG
WIF
The bulls are in control of today’s session, as seen from the increase in the global market cap. The total cap stood at $3.02T as of press time, representing a 4.65% increase over the last 24 hours, while the trading volume dropped by 2% over the same period to stand at $301.28B as of press time.
Bitcoin Price Review
Bitcoin, $BTC, has again posted gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, the BTC/USD price is trending close to the upper Bollinger Band, indicating strong upward momentum. The recent narrowing of the bands followed by expansion suggests a breakout to the upside.
On the other hand, we see that the Awesome Oscillator (AO) shows green bars with increasing intensity, supporting bullish momentum. This suggests buyers are in control, and the trend could continue upward unless there’s a significant reversal signal. Bitcoin traded at $81,777 as of press time, representing a 4.13% increase over the last 24 hours.
Ethereum Price Review
Ethereum, $ETH, is also among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the lines of the Alligator are spread apart and in an upward direction, indicating a strong uptrend. The trend may continue as long as the lines remain spread and price stays above them.
On the other hand, we see that the Money Flow Index (MFI) is around 41.11, which is below the 50-level, indicating a reduction in buying pressure. It’s not yet in the oversold region but suggests that the recent rally may face consolidation or mild retracement. Ethereum traded at $3,213 as of press time, representing a 1.10% increase over the last 24 hours.
Pepe Price Review
Pepe, $PEPE, is also among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the PEPE price is far above all moving averages (50, 100, 200), indicating a strong bullish trend. A gap between the current price and the moving averages can suggest overextension, potentially leading to a pullback.
On the other hand, we see that the Money Flow Index (MFI) is in the overbought zone at 79.46, indicating that buying pressure may be peaking. This could lead to a short-term correction if the price fails to establish a new support. Pepe traded at $0.00002251 as of press time, representing a 72.33% increase over the last 24 hours.
MOG Coin Price Review
MOG Coin, $MOG, is also among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the price is currently above the cloud, which indicates a bullish trend. However, a previous bearish trend was evident when the price was below the cloud, suggesting a recent bullish breakout.
On the other hand, we see that the Average Directional Index (ADX) is at 26.45, indicating a moderately strong trend. A rising ADX would suggest strengthening momentum, while a decrease could imply weakening momentum. MOG Coin traded at $0.052367 as of press time, representing a 38.51% increase over the last 24 hours.
Dogwifhat Price Review
Dogwifhat, $WIF, is also among the gainers in today’s session as also among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the Dogwifhat price is above the green Supertrend line, indicating a bullish bias. This is reinforced by the recent breakout above resistance levels marked by the Supertrend indicator.
On the other hand, we see that the Volume Oscillator is at -16.95%, indicating a reduction in volume momentum. This might suggest weaker buying power, which could affect the trend continuation. Dogwifhat traded at $4.20 as of press time, representing a 39.79% increase over the last 24 hours.
