Daily Market Review: BTC, ETH, ZK, CORE, FLOKI

The bulls are still in control in todays session, as seen from the increase in the global market cap. The total cap stood at $2.44T as of press time, representing a 0.46% increase over the last 24 hours, while the trading volume dropped by 34.02% over the same period to stand at $49.47B as of press time.

Bitcoin Price Review

Bitcoin, $BTC, is among the gainers in todays session, as seen from its price movements. Looking at an in-depth analysis, we see that the Bitcoin price of Bitcoin is trading near the upper Bollinger Band, indicating potential overbought conditions. The bands are expanding, suggesting increased volatility.

On the other hand, we see that the Woodies CCI is showing mixed signals with values oscillating between positive and negative territories, indicating indecision in the market. The latest values show slight positive movement, suggesting a weak bullish sentiment. As of press time, Bitcoin traded at $66,831, representing a 0.43% increase over the last 24 hours.

4-hour BTC/USD Chart | Source: TradingView

Ethereum Price Review

Ethereum $ETH is also among the gainres in todays session as seen from its price movements. Looking at an in-depth analysis, we see that Ethereum is consolidating after a strong upward move, as indicated by the horizontal price movement. The lines (Jaw, Teeth, and Lips) are intertwined, suggesting a lack of trend or consolidation phase.

Ojn the other hand, we see that the ADX is at 24.62, indicating a weak trend. Generally, a value above 25 indicates a strong trend, so the current reading suggests a lack of significant directional movement. As of press time, Ethereum traded at $3,496, representing a 0.21% increase over the last 24 hours.

4-hour ETH/USD Chart | Source: TradingView

zkSync Price Review

zkSync is also another gainer in todays session as seen from the price movements. Looking at an in-depth analysis, we see that the zkSync price is above the Ichimoku Cloud, indicating an overall bullish trend. The leading span is positive, and the price is above both the conversion and base lines, confirming bullish momentum.

On the other hand, we see the RSI is at 75.37, indicating overbought conditions. This could suggest a potential for a price correction. As of press time, xkSync traded at $0.1934, representing a 8.84% increase over the last 24 hours.

4-hour ZK/USD Chart | Source: TradingView

Core Price Review

Core $CORE is also among the gainers in todays session as seen from its price movements as well. Looking at an in-depth analysis, we see that the price is above the Supertrend line, indicating a bullish trend. The green Supertrend line is acting as support, and the price is respecting this level.

On the other hand, we see that the Woodies CCI is very high at 174.4901, indicating extreme overbought conditions, which could lead to a price correction. As of press time, Core traded at $1.56, representing a 10.91% increase over the last 24 hours.

4-hour CORE/USDT Chart | Source: TradingView

Floki Price Review

Floki $FLOKI is also another gainer in todays sesion as seen from its price movements. Looking at an in-depth analysis, we see that the price is following an upward channel as indicated by the Pitchfork. The price is moving within the upper boundary of the Pitchfork, suggesting a strong uptrend.

On the other hand, we see that the Awesome Oscillator is showing positive momentum, with green bars indicating bullish strength. Floki traded at $0.0001986 as of press time, representing a 5.93% increase over the last 24 hours.

4-hour FLOKI/USDT Chart | Source: TradingView