Daily Market Review: BTC, ETH, PEPE, WIF, MANTRA
Release: 2024/07/16 15:58 Reading: 575
Market Overview
Bulls remain dominant today, as evidenced by the increase in the global market capitalization. As of press time, the total cap has reached $2.34 trillion, marking a 1.92% rise in the past 24 hours. Trading volume has also surged by 47.17% to $86.4 billion.
Bitcoin (BTC)
Bitcoin has joined the rally, with its price moving towards the upper Bollinger Band. This indicates a bullish trend but may suggest approaching overbought conditions. The RSI stands at 68.11, nearing the overbought threshold of 70. A pullback may occur soon. At press time, Bitcoin trades at $63,085, up 0.16% in the past 24 hours.
Ethereum (ETH)
Ethereum has also gained today, showing multiple moving averages aligned in a bullish pattern. The RSI is at 69.52, close to the overbought threshold. This signals a potential price correction or consolidation. As of press time, Ethereum trades at $3,396, up 1.09% in the past 24 hours.
Pepe (PEPE)
PEPE is another gainer, exhibiting a recent bullish signal on the Supertrend indicator. However, the RSI is at 71.42, indicating overbought conditions. This could result in a short-term price correction. As of press time, PEPE trades at $0.00001174, up 20.93% in the past 24 hours.
Dogwifhat (WIF)
Dogwifhat has also rallied today. The price currently lies above the Ichimoku Cloud, a bullish sign. The lagging span is also in a favorable position. The ADX indicates a strong trend at 38.22. As of press time, Dogwifhat trades at $2.16, up 19.29% in the past 24 hours.
MANTRA (OM)
MANTRA has emerged as a top gainer today. Price analysis reveals an upward pitchfork trend channel. The Woodies CCI stands at 109.1177, well above 100, indicating strong bullish momentum. As of press time, MANTRA trades at $1.28, up 19.75% in the past 24 hours.
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