Market Watch: Bitcoin, Ethereum, BOOK OF MEME, Cat in a dogs world, and Bitcoin Cash Post Gains; Bulls Are in Control
- DDDOriginal
- 2024-10-15 18:20:18367browse
The bulls are in control of today's session, as seen from the increase in the global market cap. The total cap stood at $2.29T as of press time
Global market cap increased by 2.49% to stand at $2.29T as of press time, with a trading volume of $90B, which also jumped by 45% over the same period.
Bitcoin, $BTC, posted gains in today’s session, with a 2.6% increase over the last 24 hours. Looking at an in-depth analysis, the BTC price is above the 50, 100, and 200-day Simple Moving Averages (SMA), indicating a strong bullish trend.
Moreover, the ADX (Average Directional Index) is at 31.23, suggesting a strong trend with Bitcoin trading at $65,701 as of press time.
Ethereum, $ETH, also posted gains in today’s session, with a 3.82% increase over the last 24 hours. An in-depth analysis shows that the ETH price is above the 20-day SMA and is approaching the upper Bollinger Band, indicating potential overextension.
However, the Awesome Oscillator shows positive momentum as the AO histogram shows green bars increasing in height with Ethereum trading at $2,614 as of press time.
BOOK OF MEME, $BOME, is among the gainers today, with a 17.55% increase over the last 24 hours. An in-depth analysis shows that the BOME price is well above the alligator indicator, which comprises three moving averages, suggesting strong bullish momentum.
Despite this, the RSI (Relative Strength Index) is extremely high at 85.15, indicating possible overbought conditions with BOOK OF MEME trading at $0.01042 as of press time.
Cat in a dogs world, $MEW, is also among the gainers today, with a 17.55% increase over the last 24 hours. Looking at an in-depth analysis, the MEW price is above the Supertrend indicator, which is a good sign for bulls.
Moreover, the Volume Oscillator has seen a rise in volume coinciding with price increases confirms bullish sentiment. Cat in a dogs world traded at $16.51 as of press time.
Bitcoin Cash, $BCH, is also among the gainers today, with a 12.92% increase over the last 24 hours. An in-depth analysis shows that the Bitcoin price has just pierced through the upper boundary of the Ichimoku cloud, suggesting a possible trend reversal to bullish.
Moreover, the ADX is rising ADX at 31.90 supports the indication of a strengthening trend. Bitcoin Cash world traded at $369.80 as of press time.
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