Ramazan Eles 
The bulls are back in town! The overall crypto market cap surged 4.2% today, pushing past $1.94 trillion, while trading volume took a breather, dropping 31% to $96 billion. Let’s dive into the details for Bitcoin, Ethereum, Stacks, and Sei Network:
Bitcoin (BTC)
- BTC soared above the green Supertrend line on the 2-hour charts, signaling a bullish breakout.
- “Buy” signals flashed, supported by quick reversal of “Sell” signals, indicating strong buying pressure.
- The Price Percentage Oscillator (PPO) stayed positive, confirming the bullish momentum.
- BTC price jumped 3.8% to $51.8k in the last 24 hours, with trading volume rising 21% to $44 billion.
Ethereum (ETH)
- ETH climbed above both the 20-period Simple Moving Average (SMA) and the Bollinger Bands middle line, showcasing an uptrend.
- Expanding Bollinger Bands hinted at possible increased volatility and continued trend.
- The Average Directional Index (ADX) above 50 reaffirmed the strong trend.
- ETH price surged 4.5% to $2,783 in the last 24 hours, with trading volume skyrocketing 50% to $24.6 billion.
Stacks (STX)
- STX exhibited a solid uptrend on the 2-hour charts, staying above all three Alligator indicator lines, a bullish sign.
- The Klinger Oscillator’s positive divergence further strengthened the bullish outlook.
- This chart indicated a well-established uptrend.
- STX price rallied 23.9% to $2.64 in the last 24 hours, with trading volume doubling to $795 million.
Sei Network (SEI)
- SEI displayed bullish action with recent “green” candles representing buying momentum.
- The Money Flow Index (MFI) was high, exceeding 80, pointing to both potential overbought conditions and strong buying interest.
- However, the negative Volume Oscillator indicated a divergence between rising price and lower volume, suggesting caution.
- SEI price climbed 12.3% to $0.888 in the last 24 hours, with trading volume doubling to $869 million.
The Takeaway
Despite the overall positive market sentiment, SEI’s volume divergence warrants some caution. Overall, the crypto market appears to be experiencing a bullish resurgence, with strong price movements across major coins and tokens.
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