Bitcoin (BTC) Price Holds Steady Near $68K, ETH Consolidate; POPCAT, DOGE, INJ Rally

The bulls are in control of today's session, as seen from the increase in the global market cap.

Cryptoassets in the green as BTC leads gains; Here's an in-depth technical analysis of Bitcoin, Ethereum, Popcat, Dogecoin, and Injective prices today.

Cryptoassets are posting gains in today’s session, with Bitcoin leading the top-100 coins by market capitalization in terms of 24-hour price performance. The total cryptocurrency market cap stands at $2.33 trillion as of press time, posting a 0.87% gain over the last 24 hours, while the total trading volume has dropped by 3.4% over the same period to stand at $77.46 billion.

Bitcoin price technical analysis: bullish continuation or overbought conditions?

BTC price is up today, as seen in its price movements. An in-depth analysis shows that Bitcoin is currently trading near the upper Bollinger Band, which could indicate overbought conditions or a continuation of bullish momentum. A break above this band could signal stronger upward momentum.

On the other hand, the Awesome Oscillator is showing positive momentum, with green bars, but the current bar is shorter than previous ones, which could suggest a weakening bullish momentum in the short term. BTC is trading at $67,897 as of press time, up 0.94% over the last 24 hours.

Ethereum price technical analysis: consolidating between moving averages

ETH price is also up today, as seen in its price movements. An in-depth analysis shows that Ethereum’s price is consolidating between the 50-day moving average ($2,527) and the 200-day moving average ($2,474). The 50-day SMA is acting as immediate support, while the 200-day SMA is the next level to watch for further downside.

On the other hand, the Awesome Oscillator is close to the zero line, indicating neutrality. The lack of clear momentum suggests that ETH might remain in a consolidation phase until it breaks either above the $2,639 resistance or below the $2,527 support. ETH is trading at $2,638 as of press time, up 0.69% over the last 24 hours.

Popcat price technical analysis: asset entering consolidation phase

Popcat's Alligator indicator is showing a convergence of the moving averages, which indicates that the asset is entering a consolidation or resting phase after a recent trend.

On the other hand, the ADX (21.74) is relatively low, suggesting that the current trend is weak and there isn’t much directional strength in the market. This further reinforces the idea of consolidation. Popcat is trading at $1.37 as of press time, up 12.12% over the last 24 hours.

Dogecoin price technical analysis: Supertrend flips bullish, MFI in overbought zone

The Supertrend indicator has flipped bullish, providing a buy signal with support around $0.1220. However, the price is approaching resistance at $0.1351. If DOGE can break through this level, it could see further upside.

On the other hand, the MFI is at 87.46, which indicates that the asset is in overbought territory. A correction may be imminent unless strong buying pressure continues to push the price higher. Dogecoin is trading at $0.1348 as of press time, up 10.55% over the last 24 hours.

Injective price technical analysis: INJ set to face resistance at Kumo cloud

The Ichimoku Cloud shows that INJ is hovering near the Kumo cloud resistance, indicating a potential consolidation zone. A break above the cloud would be bullish, while a rejection could lead to a downside move.

On the other hand, the MACD is showing a neutral setup, with both the signal and MACD lines near the zero line. This suggests that momentum is currently weak, and the market is waiting for a catalyst to push the price in either direction. Injective is trading at $21.99 as of press time, up 10.55% over the last 24 hours.