The post Daily Market Review: BTC, ETH, JUP, XRP, SUI appeared on BitcoinEthereumNews.com.
The bulls are in total control in today’s session, as seen from the increase in the global market cap. The total cap stood at $3.52T as of press time, representing a 5.31% increase over the last 24 hours, while the trading volume jumped by 28.25% over the same period to stand at $171.2B as of press time. Bitcoin Price Review Bitcoin, $BTC, is posting gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that BTC has experienced high volatility, with price movements interacting frequently with both the upper and lower Bollinger Bands. On the other hand, we see that the RSI is currently at 51.08, indicating a neutral momentum but with room for further upside. Bitcoin traded at $102,880 as of press time, representing a 3.91% increase over the last 24 hours. 4-hour BTC/USD Chart | Source: TradingView Ethereum Price Review Ethereum, $ETH, is also among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that the Ethereum price is currently below the Tenkan-sen (blue line) but approaching resistance around $3,224 (Kijun-sen red line). A breakout above the cloud could indicate a bullish reversal. On the other hand, we see that the MFI Analysis is at 36.91, suggesting weak buying momentum and that ETH is not yet overbought. Ethereum traded at $3,201 as of press time, representing a 4% increase over the last 24 hours. 4-hour ETH/USD Chart | Source: TradingView Jupiter Price Review Jupiter, $JUP, is among the day’s top gainers as also seen from its price movements. Looking at an in-depth analysis, we see that JUP has shown a strong uptrend with the price pushing above key moving averages. The 50 SMA is above the 100 and 200 SMAs, indicating a…