Daily Market Review: BTC, ETH, POPCAT, DOGE, INJ

Bulls Drive Market Cap Higher, While BTC, ETH, and Altcoins Surge

The global market cap has seen a surge today, indicating bullish sentiment. As of press time, it stands at $2.33 trillion, marking a 0.87% increase over the past 24 hours. Meanwhile, trading volume has declined by 3.4% to $77.46 billion.

Bitcoin (BTC) Price Analysis

Bitcoin has shown positive gains today, trading near the upper Bollinger Band. This suggests potential overbought conditions or bullish continuation. A break above the band could indicate stronger upward momentum.

However, the Awesome Oscillator shows some weakening of bullish momentum in the short term. Bitcoin trades at $67,897 as of press time, representing a 0.94% increase over the last 24 hours.

Ethereum (ETH) Price Analysis

Ethereum is also among the gainers, consolidating between its 50-day and 200-day moving averages. Immediate support lies at $2,527 (50-day SMA), while $2,474 (200-day SMA) is the level to watch for further downside.

The Awesome Oscillator remains close to the zero line, indicating neutrality. ETH could remain in consolidation until it breaks above $2,639 (resistance) or below $2,527 (support). Ethereum trades at $2,638 as of press time, a 0.69% increase over the last 24 hours.

Popcat (POPCAT) Price Analysis

Popcat has also seen gains, with its Alligator indicator showing convergence of moving averages, suggesting consolidation. The ADX (21.74) is relatively low, indicating a weak trend and limited directional strength. Popcat trades at $1.37 as of press time, a 12.12% increase over the last 24 hours.

Dogecoin (DOGE) Price Analysis

Dogecoin has also rallied, with the Supertrend indicator flipping bullish and providing a buy signal around $0.1220. Resistance lies at $0.1351, and a break above it could lead to further upside. However, the MFI is at 87.46, indicating overbought territory, suggesting a potential correction. Dogecoin trades at $0.1348 as of press time, a 10.55% increase over the last 24 hours.

Injective (INJ) Price Analysis

Injective is hovering near the Kumo cloud resistance, indicating consolidation. A break above the cloud would be bullish, while rejection could lead to a downside move. The MACD shows a neutral setup, suggesting limited momentum. Injective trades at $21.99 as of press time, a 10.55% increase over the last 24 hours.