Bitcoin

Monero

Ethereum

Injective

Celestia

<p>Today’s session has bulls on the front foot with the global market cap recording a 2.7% increase in the last 24 hours to take the global market cap to $1.75T as of press time while the trading volume also saw an 8% increase within the same period to 59.4B.</p><h2 id="header-0">Bitcoin Price Review</h2><p>The market opened with BTC showing a remarkable bullish momentum, pushing past the resistance levels on the charts. According to the 2-hour timeframe on the Bitfinex exchange, the price has been steadily climbing, with the Supertrend indicator suggesting a favorable outlook for buyers.</p><p>The RSI, currently above 70, indicates that Bitcoin is potentially overbought, suggesting a pullback might be imminent. However, the Stochastic RSI is also in the overbought territory, which typically precedes a potential price correction. Bitcoin is trading at $46.2K, representing a 3.8% increase.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/b411b6bb7f774befbb45e9cb68e67dfb.png" />BTC 2-hour chart | Source: <a href="https://www.tradingview.com/chart/mBPnB4WJ/?symbol&#61;CRYPTO%3ABTCUSD" rel="noopener noreferrer nofollow">TradingView</a></p><h2 id="header-1">Ethereum Price Review</h2><p>Ethereum (ETH) has seen a similar uptrend, as observed on the Bitstamp exchange charts. The 2-hour chart shows ETH comfortably positioned above the 20-SMA of the Bollinger Bands, indicating a strong bullish presence. The stochastic oscillator has recently made a bullish crossover, hinting at a possible upward trend continuation.</p><p>The Ethereum price stood at $2454 as of press time representing a 1.4% increase in the last 24 hours as the trading volume also jumped to $10.6 billion.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/d53b805d98b54dc7bb29da3805af6a33.png" />ETH 2-hour chart | Source: <a href="https://www.tradingview.com/chart/mBPnB4WJ/?symbol&#61;CRYPTO%3ABTCUSD" rel="noopener noreferrer nofollow">TradingView</a></p><h2 id="header-2">Monero Price Review</h2><p>Monero (XMR), on the other hand, presents a contrasting scenario. The Binance 2-hour chart shows that the Monero price action has been more subdued following a significant downtrend. The Auto Pitchfork indicator shows the price consolidating within a narrow range, suggesting indecision in the market.</p><p>The MACD is hovering around the zero line, indicating a lack of strong momentum in either direction. The Ethereum price stood at $125.2 as of press time representing a 5.8% increase in the last 24 hours as the trading volume dropped to $115 million.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/81fb7d3d6d7a406ebf6af8816cb6fe74.png" />MXR 2-hour chart | Source: <a href="https://www.tradingview.com/chart/mBPnB4WJ/?symbol&#61;CRYPTO%3ABTCUSD" rel="noopener noreferrer nofollow">TradingView</a></p><h2 id="header-3">Celestia Price Review</h2><p>Celestia (TIA) has displayed a commendable recovery on the Binance 2-hour chart, with prices rebounding from the lower Bollinger Band to breach the median line. The Alligator indicator suggests that the market could be waking up to a bullish trend, but the ADX indicates that the trend strength is not very robust at this stage.</p><p>The Celestia price stood at $19.75 as of press time representing a 2% increase in the last 24 hours as the trading volume jumped by 24% within the same period to $115 million.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/408fe3e7ed374b9a98468dad21850c17.png" />TIA 2-hour chart | Source: <a href="https://www.tradingview.com/chart/mBPnB4WJ/?symbol&#61;CRYPTO%3ABTCUSD" rel="noopener noreferrer nofollow">TradingView</a></p><h2 id="header-4">Injective Price Review</h2><p>Injective (INJ) has shown a substantial bullish rally, as seen on the Binance 2-hour chart. The price has risen significantly, trading above all three moving averages of the Alligator indicator, which is a strong bullish signal. Meanwhile, the RSI has entered the overbought zone, which may lead to a retracement or consolidation in the near term.</p><p>The Injective price stood at $34.3 as of press time representing a 5% increase in the last 24 hours as the trading volume jumped by 11% within the same period to $130 million.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/d91612cbd9c04344b2b596f81ac12d90.png" />INJ 2-hour chart | Source: <a href="https://www.tradingview.com/chart/mBPnB4WJ/?symbol&#61;CRYPTO%3ABTCUSD" rel="noopener noreferrer nofollow">TradingView</a></p>

Daily Market Review: BTC, ETH, XMR, TIA, INJ

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