Daily Market Review: BTC, ETH, BCH, ONDO, GNO

Bulls are dominant in today’s session as seen from the increase in the global market cap. The total market cap stood at $2.43T as of press time, representing a 1.58% increase in the last 24 hours while the trading volume stood at $71.83 a 6.4% decrease over the last 24 hours. 

Bitcoin Price Review

Bitcoin (BTC) is making gains in today’s session as seen from its rice movements. Looking at an in-depth analysis, we see that the Bitcoin price is currently near the upper Bollinger Band, indicating potential overbought conditions.

On the other hand, we see the CCI is oscillating near the +100 level, which indicates a bullish trend. There is a positive momentum, but signs of consolidation are visible as the CCI starts to flatten. As of press time, the Bitcoin price stood at $67,079, a 1.24% decrease from its previous 24-hour price.

Ethereum Price Review

Ethereum (ETH) is also among the gainers in today’s session as seen from its price increase in today’s session. Looking at an in-depth analysis, we see that the Alligator indicator shows that the green, red, and blue lines are wide apart, indicating a strong upward trend. The price has been following the green line closely, suggesting a well-maintained bullish trend.

On the other hand, the RSI is at 66.11, indicating that Ethereum is nearing overbought conditions. The RSI is still below the critical 70 level, leaving room for further upward movement. As of press time, the Ethereum price stood at $3,116, a 2.26% increase from its previous 24-hour price.

Bitcoin Cash Price Review

Bitcoin Cash (BCH) is also among the gainers in today’s session as seen from its price movements in today’s session. Analysing bitcoin Cash price charts, we see that the Supertrend indicator is currently green, showing a bullish trend. The Bitcoin Cash price is above the Supertrend line, which acts as support.

On the other hand, the MACD shows a bullish crossover with the MACD line above the signal line. There is increasing bullish momentum as indicated by the widening gap between the MACD and the signal line. As of press time, the Bitcoin Cash price stood at $3,116, a 2.26% increase from its previous 24-hour price.

Ondo Price Review

Ondo (ONDO) is also another gainer in today’s session as seen from its price increase. Looking at an in-depth analysis, we see that the Ondo price is above the Ichimoku Cloud, indicating a bullish trend. The Leading Span A is above Leading Span B, reinforcing the bullish sentiment.

On the other hand, we see the Awesome Oscillator (AO) is above the zero line, showing bullish momentum. There are green bars on the AO histogram, indicating strengthening bullish pressure. As of press time, the Ondo price stood at $1.03, a 8.2% increase from its previous 24-hour price.

Gnosis Price Review

Gnosis (GNO) is also among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that the Gnosisi price is within the upper half of the Pitchfork channel, suggesting a potential uptrend. The Gnosis price has recently bounced from the lower Pitchfork line, indicating strong support.

On the other hand, the Volume Oscillator shows a recent spike, indicating increased trading volume. The increased volume could suggest a potential breakout or a strong move in the direction of the current trend.  As of press time, the Gnosis price stood at $304.27, a 10.5% increase from its previous 24-hour price.