Daily Market Review: BTC, ICP, HEX, WIF, JTO

Bears are still dormant in today’s session, as seen from the drop in the global market cap. The global market cap stood at $2.32 as of press time, representing a 1.7% drop over the last 24 hours. The trading volume dropped by 39% during the same period to stand at $71.89B.

Bitcoin Price Review

Bitcoin (BTC) has managed some small gains in today’s session as the crypto king now sits above $65K. Analysing Bitcoin charts, we notice that the price fluctuates within the Ichimoku Cloud, indicating a lack of clear trends and a possible consolidation phase. The Ichimoku indicator’s red and blue lines (Tenkan-sen and Kijun-sen) are tightly intertwined, indicating a lack of solid trend direction.

On the other hand, the ADX line is below 25, reinforcing the view that no strong trend is present in the market. As of press time, the Bitcoin price stood at $64,765, representing a 0.82% increase from its previous 24-hour price.

4-hour BTC/USD Chart | Source: TradingView

Internet Computer Price Review

Internet Computer (ICP) is also having a good session today, posting some notable gains. Analysing Internet Computer price charts, we notice that the SuperTrend indicator is green and below the price, signaling a bullish trend.

On the other hand, the MACD line is above the signal line and above the zero line, which suggests bullish momentum is currently present. As of press time, the Internet Computer price stood at $15.34, representing a 13.38% increase from its previous 24-hour price.

4-hour ICP/USDT Chart | Source: TradingView

HEX Price Review

HEX (HEX) was another gainer in today’s session. It also managed some notable gains. Looking at an in-depth analysis, we notice that the Hex price moves sideways as it fluctuates around the Bollinger Bands’ middle band, indicating a consolidation period.

On the other hand, the Woodies CCI oscillates around the zero line without a robust directional bias, which corroborates the consolidation seen with the Bollinger Bands. As of press time, the Hex price stood at $0.001877, representing an 8.3% increase from its previous 24-hour price.

4-hour HEX/USDT Chart | Source: TradingView

Dogwifhat Price Review

Dogwifhat (WIF) has failed to take the spotlight as the Solana meme coin fails to post gains in today’s session. An in-depth analysis of Dogwifhat price charts shows that the Dogwifhat price appears to be in a correction phase within the upper portion of the pitchfork, indicating a previous uptrend.

On the other hand, the MFI indicator is relatively high at around 65.70, which can sometimes indicate overbought conditions, but it also shows intense buying pressure. As of press time, the Dogwifhat price stood at $2.85, representing a 4.27% increase from its previous 24-hour price.

4-hour WIF/USDT Chart | Source: TradingView

Jito Price Review

Jito (JTO) is another gainer in today’s session, managing notable gains. Looking at an in-depth analysis, we notice that the Alligator lines are converging, and the price is close to the lines, suggesting a potential for a trend change or continuation of consolidation.

Conversely, the Volume Oscillator is negative, indicating lower trading volumes on recent movements than the moving average of volume, suggesting a lack of solid buying or selling interest. As of press time, the Jito price stood at $3.78, representing a 4.3% increase from its previous 24-hour price.

4-hour JTO/USDT Chart | Source: TradingView

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