Daily Market Review: BTC, ETH, BONK, FLOKI, PEPE

Todays market session has started with bulls on the front foot, as seen from the rising global market cap, which has seen a 0.8% increase over the last 24 hours to stand at $2.36T as of press time. Meanwhile, the trading volume dropped by 41.2% to stand at $64.86B as of the same period.

Bitcoin Price Review

Bitcoin (BTC) continues its recovery, reaching over $65K. An in-depth analysis shows that the Bitcoin price oscillates between the upper and middle bands, suggesting a market with moderate volatility. The recent price movement is towards the upper band, indicating potential resistance near the bands edge.

On the other hand, the MACD line (blue) is above the signal line (orange), and the histogram is positive, suggesting bullish momentum. However, the MACD lines are relatively close together, so we should watch for potential crossovers that could indicate a shift in momentum. As of press time, the Bitcoin price stood at $65,057, representing a 1.82% increase from its previous 24-hour price.

4-hour BTC/USD Chart | Source: TradingView

Ethereum Price Review

Ethereum (ETH) is also having a good session today, posting some notable gains. Looking at Ethereum price charts, we notice that the Alligator lines are starting to intertwine. This could indicate the market is in a consolidation phase or a potential trend reversal since the previous trend was downward.

On the other hand, the Woodies CCI is around the zero line, which typically indicates a lack of strong momentum. According to this indicator, the market is neither overbought nor oversold. As of press time, the Bitcoin price stood at $65,057, representing a 1.82% increase from its previous 24-hour price.

4-hour ETH/USD Chart | Source: TradingView

Bonk Price Review

Bonk (BONK) is todays top gainer as meme coins explode. An in-depth analysis of Bonk price charts shows that the Bonk price is above the green Supertrend line, suggesting a bullish trend.

On the flip side, the MFI is exceptionally high (over 95), which can indicate overbought conditions. This could indicate a potential pullback or consolidation might occur soon. As of press time, the Bitcoin price stood at $0.00002108, representing a 40.2% increase from its previous 24-hour price.

4-hour BONK/USDT Chart | Source: TradingView

Floki Price Review

Floki (FLOKI) is among the top gainers in todays session as the meme coin posted some notable gains. The Floki price has just broken above the cloud, suggesting a potential change to a bullish trend. However, the cloud ahead is thick, indicating that there may be resistance ahead.

On the other hand, the ADX is above 25, which indicates a strong trend. However, the trend‘s strength may be decreasing since it’s declining. As of press time, the Floki price stood at $0.0001767, representing a 24.4% increase from its previous 24-hour price.

4-hour FLOKI/USDT Chart | Source: TradingView

Pepe Price Review

Pepe (PEPE), another meme coin, is among the top gainers today. Looking at an in-depth analysis, we notice that the Pepe price is within the upper half of the pitchfork, suggesting a bullish bias. The recent bars are above the median line, which may act as support.

Conversely, the MFI is high (above 85), suggesting overbought conditions that could precede a price pullback or consolidation. As of press time, the Pepe price stood at $0.000006155, representing a 19.6% increase from its previous 24-hour price.

4-hour PEPE/USDT Chart | Source: TradingView