Crypto analysis for BTC, ETH, EGLD, AAVE and DOT - June 16, 2025
Crypto market in the last 24 hours:
š Global Market Cap: $3.33T (+1.87%)
š 24h Total Volume: $98.29B (+24.80%)
š° DeFi Volume: $30.16B (30.68% of total volume)
š Stablecoins Volume: $93.90B (95.54% of total volume)
šµ Bitcoin Dominance: 63.7% (+1.22%)
Bitcoin (BTC) Analysis
BTC has broken out of a W pattern, signaling a potential bullish reversal. The key level to watch now is 106,244 USD, which previously acted as resistance and may now serve as support following the breakout. A successful retest of this level would increase the probability of a bullish bounce, potentially driving the price toward the next targets at 107,879 USD and 109,736 USD.
Ethereum (ETH) Analysis
ETH has formed an ascending channel accompanied by bearish divergence, which increases the probability of a bearish move. However, confirmation is needed through a breakdown and a candle close below the support zone at 2,409 USD. If this occurs, it could trigger further downside momentum, with potential targets at 2,212 USD and 2,034 USD.
MultiversX (EGLD) Analysis
EGLD is showing bullish potential due to the formation of a descending channel combined with bullish divergence, which increases the probability of an upward move. However, confirmation is required through a breakout and candle close above the resistance zone at 15.17 USD. If this breakout occurs, it could lead to bullish continuation toward the next targets at 17.19 USD and 19.69 USD.
Aave (AAVE) Analysis
AAVE has formed a W pattern accompanied by bullish divergence, which increases the probability of a bullish move. However, confirmation is needed through a breakout and a candle close above the resistance zone at 291.30 USD. If this level is breached, it could trigger further upside momentum with potential targets at 309.75 USD and 328.23 USD.
Polkadot (DOT) Analysis
DOT has formed a descending channel accompanied by bullish divergence, increasing the probability of a bullish move. However, confirmation is required through a breakout and candle close above the resistance zone at 4.12 USD. If this breakout occurs, it could lead to bullish continuation toward the next targets at 4.48 USD and 4.87 USD.
š Our Short-Term Estimates (96H)
Disclaimer: These are our personal opinions, not financial advice. We invest our own money ā and sometimes we lose. DYOR!
- BTC - 2% to 4% - UP - Liquidity available above
- ETH - 2% to 4%- UP - Liq available below
- DOT - 2% to 4%- UP -descending channel
- AVAX - 2% to 6%- UP - Liq available above
- GALA - 2% to 4%- UP - at support & formed descending channel
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