Daily Market Review: BTC, ETH, HEX, WIF, JTO

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The bulls have the upper hand in today’s session, as evidenced by the increase in the global market cap. As of press time, the total market cap stood at $2.42T, representing a 1.3% increase in the last 24 hours, while the trading volume jumped by 5.9% during the same period to stand at $65.54B.

Bitcoin Price Review

Bitcoin (BTC) was among the gainers in today’s session, posting a notable price increase. Analysing Bitcoin price charts, we notice that the crypto king trades slightly above the middle Bollinger Band.

The recent candles are green, indicating an upward movement in the short term. Price action between the middle and upper Bollinger Band suggests a mild bullish trend. On the other hand, the woodie’s CCI is above the zero line, indicating bullish momentum. As of press time, the Bitcoin price stood at $66,567, representing a 2.82% increase from its previous 24-hour price.

4-hour BTC/USD Chart | Source: TradingView

Ethereum Price Review

Ethereum (ETH) has also made notable gains in today’s session. The Ethereum price is currently in a small uptrend as it’s above the SuperTrend line, which is green. This signifies bullish dominance on the token, as evidenced by its higher highs and lows.

On the other hand, the Relative Strength Index (RSI) is around 60, which is higher but not overbought, indicating decent buying momentum. As of press time, the Ethereum price stood at $3,202, representing a 1.9% increase from its previous 24-hour price.

4-hour ETH/USD Chart | Source: TradingView

HEX Price Review

However, despite the general uptrend in the market, HEX (HEX) has failed to post gains. An in-depth analysis shows that the HEX price has been consolidating, as indicated by the intertwining Alligator’s lines.

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On the other hand, the Awesome Oscillator shows small red bars, indicating weak bearish momentum. As of press time, the HEX price stood at $0.001763, representing a slight 0.01% decrease from its previous 24-hour price.

4-hour HEX/USDT Chart | Source: TradingView

Dogwifhat Price Review

Dogwifhat (WIF) also faced corrections in today’s session as it failed to post gains. Looking at in-depth analysis, we notice that the Dogwifhat price action is choppy with a slight bearish tendency as it’s under the Ichimoku cloud.

Conversely, the Money Flow Index (MFI) is just above 60, indicating some buying pressure but not overbought. When writing, the Dogwifhat price stood at $2.88, representing a 2.3% decrease from its previous 24-hour price.

4-hour WIF/USDT Chart | Source: TradingView

Jito Price Review

Jito (JTO) is also in a correction run today, as it failed to post gains. An in-depth analysis of Jito price charts shows that the token faces bearishness as indicated by the downward movement within the pitchfork channels.

On the other hand, when gauging volumes, the Volume Oscillator is negative, indicating lower volumes on down moves. When writing, the Jito price stood at $3.68, representing a 4.5% decrease from its previous 24-hour price.

4-hour JTO/USDT Chart | Source: TradingView

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