Daily Market Review: BTC, ETH, NEO, TON, ENA

Bulls are showing great dominance in todays session as seen from the rising global market cap. The total cap stood at $2.68T as of press time representing a 3% increase over the last 24 hours while the trading volume jumped by 66% within the same period to stand at $102.6B.

Bitcoin Price Review

Bitcoin (BTC) has managed notable gains in todays session as the crypto king approaches the $71K mark again. Bitcoin price charts indicate a period of volatility with the Bollinger Bands widening significantly at certain points.

The recent price action is above the 20-period Simple Moving Average (SMA), suggesting a potential bullish trend. The MACD indicator is below the zero line but appears to be converging, indicating weakening downward momentum. As of press time, the price stood at $70,948, representing a 1.74% pump from its previous 24-hour price.

2-hour BTC/USD Chart | Source: TradingView

Ethereum Price Review

Ethereum (ETH) is also having a tremendous session today, managing some notable gains. The

price has made a substantial move upwards and is trading above the SuperTrend indicator, signaling a strong bullish trend.

The Average Directional Index (ADX) is quite high, suggesting a strong trend exists. The recent candlesticks are green and large, continuing the buying pressure. As of press time, the Ethereum price stood at $3,648, representing an impressive 6.4 % pump from its previous 24-hour price.

2-hour ETH/USD Chart | Source: TradingView

Neo Price Review

Neo (NEO) is todays top gainer as the altcoin managed some notable gains today. NEO has experienced a sharp rise, as indicated by the Alligator indicator, with the price well above the lips (green line), teeth (red line), and jaw (blue line) of the Alligator, which is a bullish sign.

On the other hand, the Awesome Oscillator (AO) shows a large green bar, implying a strong bullish momentum currently in the market. As of writing, the Neo price stood at $20.89, representing an impressive 36.7% pump from its previous 24-hour price.

2-hour NEO/USDT Chart | Source: TradingView

Toncoin Price Review

As seen from the posted gains, toncoin (TON) is another top gainer in todays session. Analysing Toncoin price charts, we see that the Ichimoku Cloud is below the price, with the price trading above both the Tenkan-sen and Kijun-sen lines, indicating bullish conditions.

The recent price action has been quite bullish with a steep uptrend. Conversely, the Money Flow Index (MFI) is extremely high, suggesting that the market might be overbought territory and caution may be warranted. As of writing, the Toncoin price stood at $6.85, representing an impressive 24.4% pump from its previous 24-hour price.

2-hour TON/USDT Chart | Source: TradingView

Ethena Price Review

Ethena (ENA) is also having a notable session today as the altcoin posted notable gains to take the realm light again. Analyzing Ethena charts, we notice that the Auto Pitchfork tool shows price respecting the median line, indicating a strong trend. The price is currently in the upper half of the pitchfork, suggesting bullish momentum.

Additionally, Woodies CCI is well above the zero line, which is a bullish sign. However, the CCI is also very high, indicating overbought conditions, and a potential pullback or consolidation might be expected. As of writing, the Ethereum price stood at $3646, representing an impressive 6.27% pump from its previous 24-hour price.

2-hour ENA/USDT Chart | Source: TradingView