BTC, ETH, AVAX, HBAR, and DOGE Price Analysis
- 王林Original
- 2024-07-02 06:12:51283browse
Bulls continue to show dominance in today's session, as seen from the increase in the global market cap. The total cap stood at $2.33T as of press time
The global cryptocurrency market cap has increased by 3.65% in the last 24 hours, currently standing at $2.33T. During the same period, the trading volume has also seen a significant increase of 51.8%, now at $53.1B.
Bitcoin (BTC) price showed a 2.8% increase in the last 24 hours and was trading at $63,478 at press time. A closer look at the Ichimoku Cloud shows that the price is currently above the baseline (blue line) but still within the cloud, indicating uncertainty and a lack of a clear trend. If the price manages to consistently stay above the cloud, it could be a bullish signal.
On the other hand, the volume oscillator is relatively flat, suggesting a current lack of strong buying or selling momentum.
Bitcoin price is showing strength, having recently breached the upper boundary of the Bollinger Bands and moved above the cloud, a bullish indicator. The price is currently around $63,249.
Looking at other indicators, we see that the Moving Average Convergence Divergence (MACD) is above the signal line, supporting the bullish sentiment.
Investors might look for sustained movements above the cloud for further confirmation of a bullish trend.
Avalanche (AVAX) price also showed a 6.4% increase in the last 24 hours and was trading at $29.71 at press time.
An in-depth analysis of the AVAX chart shows that the price is trading above all three moving averages in the Alligator indicator, which suggests a bullish market environment.
On the other hand, the price at $29.70 also coincides with increasing the green histogram on the Awesome Oscillator, indicating growing bullish momentum.
Maintaining above the moving averages could further support the upward trajectory.
Hedera (HBAR) price showed a 1.35% increase in the last 24 hours and was trading at $0.07659 at press time.
An in-depth analysis of Dogecoin’s chart shows that the price is trading within a range highlighted by a rectangular pattern.
On the other hand, the ADX (Average Directional Index) is quite low at 11.31, indicating a weak trend.
The market might look for a breakout above the rectangle pattern as a potential bullish signal. If successful, the outlined target is set around $0.14500.
Dogecoin (DOGE) price showed a 2.35% increase in the last 24 hours and was trading at $0.1255 at press time.
An in-depth analysis of the Hedera chart shows that the price trading is in a relatively tight range with occasional spikes.
Currently, at $0.07647, it’s near the middle band of the Bollinger Bands and just above the SuperTrend indicator, signaling potential support.
On the other hand, the Woodies CCI is close to zero, indicating a lack of momentum.
A sustained break above the recent highs and the upper Bollinger Band would be needed for a bullish scenario.
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