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Markets are slowly recovering from the previous plunge as several altcoins show signs of recovery. This is seen as the global market cap jumped by 0.34% above its previous 24-hour mark, as the total cap stands at $1.66T as of press time. The fear and greed index is 70, as greed creeps back in. The global trading volume is 32% down in 24 hours, at $79.6B as of press time.
Bitcoin Price Analysis
Bitcoin (BTC) has started on a bullish trajectory as the Bitcoin price stood at $43.8K as of press time, representing a 2% increase in the last 24 hours as the weekly rise also stood at 2.3%. The trading volume has, however, dropped by 25% to stand at $34.9B.
The future price trajectory for Bitcoin is, however, uncertain as the Relative Strength Index indicator heads south as it approaches a cross below 50, suggesting bearishness on the Bitcoin price. The MACD indicator on the other side is reverting towards the green zone suggesting a struggle between bulls and bears.
Ethereum Price Analysis
Ethereum (ETH) has also started on minor bullish activity as the Ethereum price stood at $2255 as of press time, representing a 1.4% increase in the last 24 hours as the weekly drop stood at 3.4%. The trading volume has, however, dropped by 41% to stand at $11.4B.
Despite the rise, it’s not all green light for Ethereum as the Relative Strength Index indicator heads south, having crossed below 50, suggesting bear dominance on the Ethereum price. The MACD indicator is also moving in the red zone, backing the bear prospects on Ethereum.
Aptos Price Analysis
Aptos (APT) is among today’s top gainers as the Aptos price stood at $10.55 as of press time, representing an 11.4% increase in the last 24 hours as the weekly rise stood at 7%. The trading volume has spiked by 100% to stand at $710M.
Looking at an in-depth analysis, the Relative Strength Index indicator heads north, crossing above 50, suggesting bullish momentum on the Aptos price. The MACD indicator has also shifted to the green zone, backing the bull prospects.
Kapsa Price Analysis
Kaspa (KAS) is among another top gainer today as the Kaspa price stood at $0.1153 as of press time, representing a 10.9% increase in the last 24 hours as the weekly drop stood at 6.7%. The trading volume has dropped by 38% to stand at $51.3M.
The Kaspa future trajectory is, however, uncertain as the Relative Strength Index indicator heads south, as it approaches a cross over below 50, suggesting looming corrections on the Kaspa price. The MACD indicator, on the other hand, is in the green zone, suggesting a struggle between bulls and bears.
Celestia Price Analysis
Celestia (TIA) is today’s top gainer as the Celestia price stood at $16.35 as of press time, representing a 19.4% increase in the last 24 hours as the weekly rise stood at 37%. The trading volume has jumped by 109% to stand at $866M.
Looking at in-depth analysis, the Relative Strength Index indicator heads north as it approaches the overbought region, suggesting buying pressure on the Celestia price. The MACD indicator has also shifted to the green zone, backing the bull prospects.
