Crypto analysis for BTC, ETH, EGLD, AAVE and PEPE - November 25, 2024
Crypto market in the last 24h:
🌐 Global market cap: $3.38T (+0.58%)
📊 24h Total volume: $201.54B (+1.75%)
💰 DeFi volume: $15.01B (7.45% of total volume)
🔒 Stablecoin volume: $180.4B (89.51% of total volume)
💵 Bitcoin dominance: 57.76% (-0.09%)
Bitcoin (BTC) Analysis
BTC has broken above the resistance trendline, forming an inverse head and shoulders pattern, increasing the probability of a bullish move. However, confirmation is required through a breakout and candle closing above the resistance zone at 98,445 USD, paving the way for potential targets at 99,460 USD and 100,437 USD.
Ethereum (ETH) Analysis
ETH has formed a cup and handle pattern, which, on a lower timeframe, can also be interpreted as a bull flag. In either scenario, confirmation through a breakout and candle closing above the resistance zone at 3,505 USD is essential, potentially setting up targets at 3,645 USD and 3,787 USD.
MultiversX (EGLD) Analysis
EGLD presents opportunities for both bullish and bearish scenarios. If the price breaks out and closes above the resistance zone at 39.68 USD, it will signal a bull flag breakout, with potential targets at 41.94 USD and 44.14 USD. Conversely, in the event of panic selling, a breakdown and candle closing below the support zone at 34.34 USD would validate the M pattern, potentially targeting 32.23 USD and 30.55 USD.
Aave (AAVE) Analysis
AAVE has formed a cup and handle pattern, indicating a bullish setup. Confirmation requires a breakout and candle closing above the resistance zone at 172.13 USD, which could lead to targets at 175.66 USD and 179.13 USD. Additionally, the resistance trendline above may act as a magnet, supporting the price in achieving these targets.
Pepe (PEPE) Analysis
PEPE has broken above the resistance trendline and formed a W pattern, increasing the likelihood of a bullish move. However, confirmation requires a breakout and candle closing above the resistance zone at 0.00002038 USD, potentially setting up targets at 0.00002113 USD and 0.00002184 USD.
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