Daily Market Review: BTC, ETH, CHZ, CORE, WIF

The bulls have the upper hand in today’s market session, as seen from the increase in the global market cap. The total cap stood at $2,57T as of press time, representing a 2.27% increase over the last 24 hours. The trading volume stood at $70.3B, representing a 52.4% increase over the same period.

Bitcoin Price Review

Bitcoin (BTC) is also another gainer in today’s session, as evidenced by its price movements. Looking at an in-depth analysis, we see that the Bitcoin price is consolidating with the bands starting to converge slightly, suggesting decreased volatility. The Bitcoin price has moved between the upper and middle bands, indicating some bullishness but a lack of strong momentum.

On the other hand, the ADX line shows a value below 20, which signifies weaker trend strength. This suggests that the current price movement lacks solid directional momentum. As of press time, the Bitcoin price stood at $69.091, a 0.6% increase in valuation over the last 24 hours.

4-hour BTC/USD Chart | Source: TradingView

Ethereum Price Review

Ethereum (ETH) is also another gainer in today’s session. An in-depth analysis shows that the Ethereum price is above the cloud, which is typically a bullish signal that indicates a potential continuation of the uptrend. However, recent candles are forming close to the cloud’s top, suggesting possible resistance or consolidation.

On the other hand, the Woodies CCI is around the zero line, which shows that the Ethereum price is in relative equilibrium without significant momentum away from the typical price range. As of press time, the Bitcoin price stood at $69.091, a 0.6% increase in valuation over the last 24 hours.

4-hour ETH/USD Chart | Source: TradingView

Chilliz Price Review

Chilliz (CHZ) is another gainer in today’s session, as evidenced by its price movements. The supertrend indicator has recently turned green, which can be interpreted as a bullish signal. This suggests that there might be a potential upward movement if the price stays above the supertrend line.

On the other hand, the Volume Oscillator shows increased volume, indicating more vital buying interest that can support the ongoing uptrend. As of press time, the Chilliz price stood at $0.1384, a 16.17% increase in valuation over the last 24 hours.

4-hour CHZ/USD Chart | Source: TradingView

Core DAO Price Review

Core DAO (CORE) was also another gainer in today’s session, as its price increased. In-depth analysis shows that the alligator’s lines are intertwined, and the price action is close to these lines, indicating a possible phase of consolidation or lack of a strong trend.

On the other hand, the Awesome Oscillator (AO) is in a transition from red to green bars, suggesting a shift towards bullish momentum. However, the market is still deciding on a clear direction. As of press time, the Core DAO price stood at $2.20, a 10.4% increase in valuation over the last 24 hours.

4-hour CORE/USDT Chart | Source: TradingView

Dogwifhat Price Review

Dogwifhat (WIF) is also among the gainers in today’s session, as evidenced by its price movements. Looking at an in-depth analysis, we see that the Dogwifhat price is currently in the upper section of the pitchfork, showing some bullish momentum. However, resistance near the upper line of the pitchfork could lead to a consolidation or reversal.

On the other hand, the Awesome Oscillator (AO) shows green bars, suggesting increasing bullish momentum. However, close observation is necessary to confirm whether this trend will be sustained. As of press time, the Dogwifhat price stood at $3.10, a 7.8% increase in valuation over the last 24 hours.

4-hour WIF/USDT Chart | Source: TradingView

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