Bitcoin, Helium, Avalanche, and Celestia Price Analysis: 08 April 2022
- WBOYOriginal
- 2024-07-22 20:10:30291browse
The bulls are still in control in today's session, as seen from the increase in the global market cap.
Global markets showed signs of bullish activity on Monday, with the total market cap increasing by 0.47% over the last 24 hours to stand at $2.43 trillion as of press time. However, trading volume dropped by 34% over the same period to stand at $49.3 billion.
Bitcoin (BTC) price showed signs of potential consolidation on Monday, having dropped below the key resistance level of $67,700. In-depth chart analysis shows that BTC price is touching the upper Bollinger Band, indicating potential overbought conditions. Bands are widening, suggesting increased volatility.
On the other hand, we see that the Woodies CCI is around 42.52, which is below the overbought threshold of 100. This indicates potential consolidation. As of press time, Bitcoin trades at $67,243, showing a 0.62% increase over the last 24 hours.
Ethereum (ETH) price showed signs of a potential downtrend on Monday, having dropped below the key support level of $3,480. In-depth chart analysis shows that the ETH price is above the Alligator’s jaw, indicating an uptrend. The three lines (lips, teeth, and jaw) are diverging, suggesting a strong trend.
On the other hand, we see that the RSI is at 59.34, which is neutral but close to the overbought threshold (70). This indicates potential for a pullback. As of press time, Ethereum trades at $3,473, showing a 0.4% decrease over the last 24 hours.
Helium (HNT) price showed signs of a bullish trend on Monday, having risen above the key resistance level of $4.4. In-depth chart analysis shows that the Helium price is above the Supertrend indicator, signaling a bullish trend. The Supertrend level is at 4.5108, which could act as support.
On the other hand, we see that the Volume Oscillator shows an increasing trend, supporting the price movement. As of press time, Helium trades at $5, showing a 12.09% increase over the last 24 hours.
Avalanche (AVAX) price showed signs of a bullish trend on Monday, having risen above the key resistance level of $30. In-depth chart analysis shows that the Avalanche price is above the Ichimoku Cloud, indicating a bullish trend. The leading span lines are also suggesting a strong uptrend.
On the other hand, we see that the RSI is at 73.32, indicating overbought conditions and potential for a pullback. As of press time, Avalanche trades at $31.90, showing a 10.93% increase over the last 24 hours.
Celestia (TIA) price showed signs of a bullish trend on Monday, having risen above the key resistance level of $6.8. In-depth chart analysis shows that the Celestia price has recently reached the upper boundary of the Pitchfork channel, indicating potential resistance.
On the other hand, we see that the ADX is at 24.09, suggesting a strengthening trend but not extremely strong yet. As of press time, Celestia trades at $7.31, showing a 12.5% increase over the last 24 hours.
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