Bitcoin

Ethereum

Flow

Uniswap

PancakeSwap

<p>Markets have started today’s session on bull activity, as evidenced by the increasing market cap. The global market cap is 1.96%, representing a 0.7% increase in the last 24 hours.</p><h2 id="header-0">Bitcoin Price Review</h2><p>Looking at Bitcoin charts, we notice the Bitcoin price is consolidating within the Bollinger Bands, with recent candles close to the lower band, suggesting potential support or a bearish momentum if the price breaks below it.</p><p>The Bitcoin price is below the 20-SMA, indicating a bearish short-term trend. The ADX (Average Directional Index) is around 23.56, the trend strength is moderate, and the market is neither overbought nor oversold. The Bitcoin price stood at $51.03K as of press time, representing a 0.14% increase in the last 24 hours.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/4a390dc1a4374b28b41d225e29db6f1a.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 has also managed to pick itself up, posting slight gains. The MACD (Moving Average Convergence Divergence)  line (blue) is below the signal line (orange), indicating bearish momentum. However, the histogram is losing downward momentum, which could signal a potential reversal or consolidation.</p><p>On the other hand, RSI (Relative Strength Index) is near the midpoint (around 52), suggesting a balance between buying and selling pressures. The Ethereum price stood at $2955 as of press time, representing a 0.8% increase in the last 24 hours.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/281c228df04340ca8f456c8be8544214.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">Uniswap Price Review</h2><p>Uniswap (UNI) has emerged as the top gainer today amid yesterday’s update. The update has since seen massive inflows onto UNI, attributed to the massive spike. The Uniswap price being above the Supertrend line suggests a bullish trend.</p><p>The Volume Oscillator has a reading of -27.61%, indicating a significant decrease in volume, which could mean less conviction in the current price movement. The Uniswap price stood at $11.90 as of press time, representing a massive 66% increase in the last 24 hours.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/0919ca41b69b4d3d9f03180e8ee0740b.png" />UNI 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">PancakeSwap Price Review</h2><p>PancakeSwap (CAKE) has also emerged among today’s top gainers. Looking at the Alligator, all lines are spread out and sloping upwards, indicating a bullish trend. The CCI is above the zero line but showing some downward ticks.</p><p>This suggests that the bullish momentum might be slowing down or reversing. The PancakeSwap price stood at $3.35 as of press time, representing a 17% increase in the last 24 hours.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/3ee1b25c6a374b7ea45e592117a2fcd8.png" />CAKE 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">Flow Price Review</h2><p>Flow (FLOW) is our last gainer today. Looking at the Auto Pitchfork, the Flow price is at the upper half of the pitchfork, indicating a bullish trend but near the resistance line of the pitchfork, which could suggest a possible reversal.</p><p>On the flip side, the Awesome Oscillator (AO) is above zero, showing green bars, indicating bullish market momentum. The Flow price stood at $1.03 as of press time, representing an 8.8% increase in the last 24 hours.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/4724ce06f07d4843a63cb3b75cf350b2.png" />FLOW 2-hour chart | Source: <a href="https://www.tradingview.com/chart/mBPnB4WJ/?symbol&#61;CRYPTO%3ABTCUSD" rel="noopener noreferrer nofollow">TradingView</a></p>

Daily Price Review: BTC, ETH, UNI, CAKE, FLOW

Table of Contents

BlockchainReporter

Other articles published on Feb 24, 2024

Cardano (ADA) Holders Should Note This Crucial Yoroi Wallet Message

Cardano Founder’s Response to Vitalik Buterin’s MMA Fight Proposal

Is Google’s AI Strategy Driving Users Away?

Polkadot Skyrockets As Key Indicators Point to Continued Bullish Momentum

Ethereum Shatters $3,000 Barrier: Bullish Momentum Hints at Further Gains

EU picks Frankfurt headquarters for new anti-money laundering authority

Join our free newsletter for daily crypto updates!