Daily Market Review: BTC, ETH, PI, PEPE, IP

The bulls are in total control in today’s session, as seen from the increase in the global market cap. The total cap stood at $2.69T as of press time, representing a 1.64% increase over the last 24 hours, while the trading volume jumped by 32% over the same period to stand at $64.7B as of press time. 

Bitcoin Price Review

Bitcoin, $BTC, is posting gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that BTC is trading within the bands, suggesting moderate volatility. The price recently touched the upper band and is pulling back, indicating potential resistance around the $84,000 level. The 20 SMA is above the current price, suggesting a short-term bearish trend.

On the other hand, we see that the Awesome Oscillator values suggest bearish momentum in the market. Bitcoin traded at $83,262 as of press time, representing a 2.24% increase over the last 24 hours.

Ethereum Price Review

Ethereum, $ETH, is not among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that ETH is consistently trading below the lower band, indicating strong bearish pressure. The red trend line above the price confirms the bearish market condition.

On the other hand, we see that the Awesome Oscillator is continuing red bars signify sustained bearish momentum. Ethereum traded at $1,877 as of press time, representing a 1.37% decrease over the last 24 hours.

PI Network Price Review

PI Network, $PI, is among the day’s top gainers as seen from its price movements. Looking at an in-depth analysis, we see that the PI price is trading below the cloud, indicating a bearish trend. A cross of the red line below the blue could indicate bearish momentum picking up.

On the other hand, we see that the Volume Oscillator values suggest that selling volume is prevailing. PI traded at $1.70 as of press time, representing a 8.53% increase over the last 24 hours.

PEPE Price Review

PEPE, $PEPE, is also is also among the day’s top gainers as seen from its price movements. Looking at an in-depth analysis, we see that the price crossing above the jaws of the Alligator (green line) might suggest a potential bullish reversal if sustained. Price is navigating around the moving averages, indicating a lack of strong directional bias.

On the other hand, we see that the ADX has a value around 24 which suggests a developing trend but not excessively strong. PEPE traded at $0.057202 as of press time, representing a 13.24% increase over the last 24 hours.

Story Price Review

Story, $IP, is also a top gainer in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the IP price is above the 50 and 100 SMAs, indicating a bullish trend in the medium term.

On the other hand, we see that the ADX is rising above 30, suggesting a strengthening trend momentum. Story traded at $6.03 as of press time, representing a 8.7% increase over the last 24 hours.