Bitcoin (BTC), Ethereum (ETH) Range as MANTRA (OM), Maker (MKR), and NEAR Protocol (NEAR) Rally
- WBOYOriginal
- 2024-07-16 20:54:43424browse
The bulls are still in control in today's session, as seen from the increase in the global market cap.
Crypto market bulls are still in control on Friday, evidenced by a slight increase in the global market cap and a surge in trading volume.
The total market cap stood at $2.12 trillion as of press time, showing a 0.99% increase over the last 24 hours, while the trading volume jumped by 15% over the same period to stand at $67.75 billion as of press time.
Bitcoin Price Review
Bitcoin (BTC) is not among the gainers in today’s session, as seen from its price movements. An in-depth analysis shows that the Alligator’s lines (jaw, teeth, lips) are intertwined, indicating a ranging market.
On the other hand, the ADX is at 12.24, suggesting a weak trend or consolidation. The Bitcoin price is moving sideways, indicating indecision in the market. As of press time, Bitcoin traded at $57,137, representing a 1.71% decrease over the last 24 hours.
Ethereum Price Review
Ethereum (ETH) did not gain in today’s session, as seen from the price movements. An in-depth analysis shows that the indicator is green, indicating a bullish trend. On the other hand, the MFI (Money Flow Index) is at 79.93, which is in overbought territory.
The Ethereum price is trending upward, confirming the bullish trend indicated by the Supertrend. Ethereum traded at $3,083 as of press time, representing a 1.06% decrease over the last 24 hours.
MANTRA Price Review
MANTRA (OM) is among the gainers today, evidenced by its price movements. An in-depth analysis shows that the MANTRA price is above the cloud, indicating a bullish trend. On the other hand, the RSI is at 67.06, nearing the overbought zone.
The Mantra price breaking above the cloud indicates a strong bullish signal. On the other hand, the RSI is nearing overbought territory, suggesting a potential slowing of momentum. As of press time, MANTRA traded at $1.03, representing a 6.8% increase over the last 24 hours.
Maker Price Review
Maker (MKR) also gained in today’s session, as evidenced by its price movements. An in-depth analysis shows that the Maker price is above the cloud, indicating a bullish trend. The price breaking above the cloud means a strong bullish signal.
On the other hand, we see that the RSI is at 67.06, nearing the overbought zone. As of press time, Maker traded at $2,389.81, representing a 5.1% increase over the last 24 hours.
NEAR Protocol Price Review
NEAR Protocol (NEAR) is also among the gainers in today’s session, as evidenced by its price movements. An in-depth analysis shows that the NEAR Protocol price is within the upper boundary of the pitchfork, indicating a bullish trend.
On the other hand, looking at other indicators, we see that the Woodies CCI is at 78.992, indicating positive momentum. As of press time, NEAR Protocol traded at $4.83, representing a 3.7% increase over the last 24 hours.
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