Bitcoin

Ethereum

Stacks

Akash Network

Pendle

<p>Today’s market session has seen bulls start on the front foot, as indicated by the increase in the global market cap. The total cap stood at $2.44T as of press time, representing a 2.8% increase over the last 24 hours while the trading volume jumped by 15% within the same period to stand at $69.41B as of press time.</p><h2 id="header-0">Bitcoin Price Review</h2><p><a href="https://blockchainreporter.net/price-prediction/bitcoin-price-prediction/" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> is having a consolidation session today as it posts some slight gains. Looking at in-depth analysis, we notice that the Bitcoin price is trading near the upper Bollinger band. This suggests the market is in a higher volatility phase, with a potential for a continuation of the uptrend or a retracement as prices are relatively high. The Bitcoin price is above the 20-period simple moving average (SMA), which acts as a support level and indicates a bullish sentiment.</p><p>On the other hand, the MACD line is above the signal line and above zero, which is a bullish signal. However, the histogram is showing a slight decrease in momentum, which could signal a potential pullback or consolidation. As of press time, the Bitcoin price stood at $66,563, representing a 0.3% increase from its previous 24-hour price.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/29613c9608534195920c504a4650b370.png" /><a href="https://www.tradingview.com/symbols/BTCUSD/" rel="noopener noreferrer nofollow">4-hour BTC/USD Chart | Source: TradingView</a></p><h2 id="header-1">Ethereum Price Review</h2><p><a href="https://blockchainreporter.net/price-prediction/ethereum-price-prediction/" rel="noopener noreferrer nofollow">Ethereum (ETH)</a> is also facing consolidation in today’s session as evidenced by its slight drop in valuation over the last 24 hours. Looking at an in-depth analysis, we see that the Ethereum price is above the Alligator’s jaw (the blue line), which suggests an ongoing bullish phase. However, the lines are intertwined, indicating a lack of a strong trend.</p><p>On the other hand, the Woodies CCI (Commodity Channel Index) fluctuates around the zero line, which indicates the market is in a consolidation phase without strong momentum in either direction. As of press time, the Ethereum price stood at $3,184 representing a 1.5% decrease from its previous 24-hour price.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/1966647ae7d6454e8017b793dc8c61fe.png" /><a href="https://www.tradingview.com/symbols/ETHUSD/" rel="noopener noreferrer nofollow">4-hour ETH/USD Chart | Source: TradingView</a></p><h2 id="header-2">Akash Network Price Review</h2><p>Akash Network (AKT) is today’s top gainer as the altcoin pops with a surprise rally in today’s session. Looking at Akash Network price charts, we notice the price is above the Supertrend indicator, which has turned green, signalling a bullish trend.</p><p>On the other hand, we see that the ADX (Average Directional Index) is below 25, which generally indicates a weak trend. However, given the recent price spike, it may not have reacted yet. At the time of writing, the Akash Network price stood at $5.96, representing a 44.2% jump from its previous 24-hour price.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/b05ca1314493488e9fcff9d510157ad3.png" />4-hour AKT/USDT Chart | Source: TradingView</p><h2 id="header-3">Stacks Price Review</h2><p>Stacks (STX) was also another gainer in today’s session, posting remarkable gains. An in-depth analysis shows that the Stacks price is above the green Ichimoku cloud, suggesting a bullish trend.</p><p>On the other hand, the MFI (Money Flow Index) is above 80, indicating that the asset may be overbought. This could suggest a potential pullback or consolidation in the near term. At the time of writing, the Stacks price stood at $3.12, representing a 7.6% pump on valuation over the last 24 hours.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/2f7724d498164080abde46d68ab6cf10.png" />4-hour STX/USDT Chart | Source: TradingView</p><h2 id="header-4">Pendle Price Review</h2><p>Pendle (PENDLE) is today’s third top gainer as the altcoin managed to post some notable gains as well. Looking at an in-depth analysis, we notice that the Pendle price has broken above the median line of the pitchfork, indicating a potential reversal of the downtrend.</p><p>On the other hand, the AO (Awesome Oscillator) is showing green bars above the zero line, indicating bullish buying pressure. At the time of writing, the Pendle price stood at $6.44, representing a 5.6% pump on valuation over the last 24 hours.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/3b8396c042d74e0ca18eefd9307ac39b.png" />4-hour PENDLE/USDT Chart | Source: TradingView</p>

Daily Market Review: BTC, ETH, AKT, STX, PENDLE

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