Crypto analysis for Bitcoin, Ethereum, MultiversX, Chainlink and Ripple - December 30, 2024
Crypto market in the last 24h:
🔵 Global crypto market cap: 3.29T USD (⬇️ 1.33%)
📈 Total crypto market volume (24h): 101.38B USD (⬆️ 25.67%)
🌐 DeFi volume: 8.06B USD (7.95% of total 24h volume)
💵 Stablecoin volume: 93.31B USD (92.04% of total 24h volume)
⚡ Bitcoin dominance: 56.49% (⬆️ 0.02%)
Bitcoin (BTC) Analysis
BTC / USD has formed a triangle-like structure with bullish divergence, increasing the probability of a bullish move. For confirmation, a breakout and candle closing above the resistance zone of 95,510 USD are required, which could lead to potential targets of 98,857 USD and 102,997 USD.
Ethereum (ETH) Analysis
ETH / USD is showing an increased probability of a bullish move due to the formation of a W pattern, which can also be interpreted as a cup & handle pattern. For confirmation, a breakout and candle closing above the resistance zone of 3,557 USD are required, which could lead to potential targets of 3,811 USD and 4,026 USD.
MultiversX (EGLD) Analysis
EGLD / USD has formed a W pattern alongside an inverse head and shoulders pattern on the MACD, increasing the probability of a bullish move. For confirmation, a breakout and candle closing above the resistance zone of 36.21 USD are required, potentially leading to targets of 39.95 USD and 44.04 USD.
Chainlink (LINK) Analysis
LINK / USD has formed a head and shoulders pattern accompanied by bearish divergence, increasing the probability of a bearish reversal. For confirmation, a breakdown and candle closing below the support zone of 19.87 USD are needed, which could lead to potential targets of 17.64 USD and 15.53 USD.
Ripple (XRP) Analysis
XRP / USD has formed a bull flag pattern, indicating a potential continuation of the bullish trend. For confirmation, a breakout and candle closing above the resistance zone of 2.3592 USD are required, which could lead to targets of 2.7372 USD and 3.1664 USD.
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The information in this report was obtained from public sources and is considered relevant and reliable within the limits of publicly available data. However, the value of the digital assets referred to in this report fluctuates over time, and past performance does not indicate future growth.