Daily Market Review: BTC, ETH, BTT, BERA, SEI

The bulls are in control in today’s session, as seen from the increase in the global market cap. The total cap stood at $3.2T as of press time, representing a 1.47% increase over the last 24 hours, while the trading volume also dropped by 18% over the same period to stand at $83.2B as of press time. 

Bitcoin Price Review

Bitcoin, $BTC, has posted small gains in today’s session, as seen from the price movements. Looking at an in-depth analysis, we see that the bollinger bands are widening, indicating increasing volatility. The price is approaching the upper band, signaling possible overextension.

On the other hand, we see that the Awesome Oscillator (AO) is showing a shift towards positive momentum, with green bars emerging after a prolonged bearish phase. Bitcoin traded at $97,232 as of press time, representing a 1.6% 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 moving averages are intertwined, suggesting a lack of trend direction. A breakout is needed.

On the other hand, we see that the relative Strength Index (RSI) is currently at 55.47, indicating a neutral stance with slight bullish potential. Ethereum traded at $2,729 as of press time, representing a 0.52% increase over the last 24 hours.

Bittensor Price Review

Bittensor, $BTT, 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 Bittensor price is above the cloud, signaling an uptrend. The future cloud is turning green, reinforcing bullish sentiment.

On the other hand, we see that the Volume Oscillator is dropping, indicating a potential slowdown in buying pressure. Bittensor traded at $0.068479 as of press time, representing a 0.09% increase over the last 24 hours.

Berachain Price Review

Berachain, $BERA, 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 BERA has surged and is trading at $7.517, above the Supertrend support of $6.471. A clear bullish trend as the price remains above the green Supertrend line.

On the other hand, we see that the Money Flow Index (MFI) is at 82.34, suggesting overbought conditions and potential for a pullback. Berachain traded at $7.62 as of press time, representing a 16.15% increase over the last 24 hours.

Sei Price Review

Sei, $SEI, has also made it to the gainers list in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that SEI is currently below the 200-SMA, which acts as a key resistance level. A breakout above this level would indicate a stronger bullish trend.

Looking at the volume delta, we see that a notable increase in buying volume is evident, suggesting stronger market interest and the potential for an extended upward move. Sei traded at $0.2499 as of press time, representing a 11% increase over the last 24 hours.