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CDS Crypto News Bulls Kick Off Session Strong as PEPE Dominates

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Bulls Kick Off Session Strong as PEPE Dominates

Bulls Kick Off Session Strong as PEPE Dominates. Major cryptocurrencies, including lesser-known tokens like Pepe and Orchid, have recorded significant gains

ugur09/08/20231 Mins read544

Bulls Kick Off Session Strong as PEPE Dominates. Major cryptocurrencies, including lesser-known tokens like Pepe and Orchid, have recorded significant gains

Markets have begun with bullish sentiment on August 9, 2023, as key cryptocurrencies have shown signs of positive movement.

Table of Contents

Bulls Kick Off Session Strong as PEPE Dominates

The global market cap recorded a 1.46% increase within a day, taking the total cap to $1.18 trillion.

Bitcoin (BTC) Analysis

Price: Trading at $29.7K.
Daily Gain: 1.75%.
Weekly Gain: 0.5%.
Trade Volume: Spiked by 34%, now at $18.3B.
Volatility: Decreasing, as indicated by converging Bollinger bands.
Relative Strength Index (RSI): Above average, showing bulls’ effort for market dominance.
MACD: Moving into the green zone.

Ethereum (ETH) Analysis

Price: $1856.
Daily Gain: 1.3%.
Trade Volume: Spiked by 2.2%, now at $5.8B.
Volatility: Slowly decreasing, Bollinger bands maintain a close distance.
RSI: Moves above the average line.
MACD: In the negative region but shifting towards the positive.

Pepe (PEPE) Analysis

Price: $0.000001198.
Daily Gain: 8%.
Trading Volume: Surged by 74%, now at $153.45M.
Volatility: Quite low, with Bollinger bands maintaining a short distance.
RSI: Moving above the average line, displaying bull dominance.
MACD: Approaching a shift to the green zone.

Orchid (OXT) Analysis

Price: $0.07306.
Daily Gain: 11%.
Trading Volume: Increased by 1375%, total volume at $96.9M.
Volatility: Increasing, with Bollinger bands diverging.
RSI: High in the overbought region, showing great bull dominance.
MACD: In the green zone.

Other Trending Tokens

Coin98 (C98): Trades 32% above its previous 24-hour price, spot price at $0.1903.
Gains Network (GNS): Trades 6% above its last 1-day price, spot price at $5.1412.
AI-X (X): Trades 5.7% above its previous 24-hour price.

Conclusion

The market has shown strong bullish signs as major cryptocurrencies, including lesser-known tokens like Pepe and Orchid, have recorded significant gains. This optimistic sentiment reflects a renewed confidence in the crypto space, and the specific bullish behavior of some tokens highlights the diversity and dynamism within the broader market.

Investors and traders should continue to monitor market indicators and trends to make informed decisions in this volatile and ever-changing environment.