Crypto analysis for BTC, ETH, EGLD, ADA and APE - March 31, 2025
Crypto market in the last 24h:
š Global market cap: $2.64T (-2.44%)
š Total 24-hour volume: $60.51B (+6.69%)
š° DeFi volume: $4.4B (7.27% of total volume)
š Stablecoin volume: $58.24B (96.24% of total volume)
šµ Bitcoin dominance: 61.47% (+0.23%)
Bitcoin (BTC) Analysis
BTC has formed a falling wedge pattern accompanied by bullish divergence, which increases the probability of an upward move. However, for confirmation, a breakout and candle closing above the resistance zone of 83,618 USD is required. If confirmed, this breakout could lead to potential targets of 85,641 USD and 87,965 USD.
Ethereum (ETH) Analysis
ETH is displaying a similar structure, but it has formed a descending channel along with bullish divergence, increasing the probability of an upward move. However, for confirmation, a breakout and candle closing above the resistance zone of 1,848 USD is required. If validated, this breakout could lead to potential targets of 1,886 USD and 1,929 USD.
MultiversX (EGLD) Analysis
EGLD has exhibited a bear trap, but for confirmation and to trigger stop-losses of trapped sellers, it needs to form a W pattern from this level. The presence of bullish divergence further increases the probability of this pattern forming. However, for confirmation, a breakout and candle closing above the resistance zone of 16.79 USD is required. If confirmed, this breakout could lead to potential targets of 17.98 USD and 19.39 USD.
Cardano (ADA) Analysis
ADA has formed a falling wedge pattern accompanied by bullish divergence, increasing the probability of a short-term bullish reversal. However, for confirmation, a breakout and candle closing above the resistance zone of 0.674 USD is required. If confirmed, this breakout could lead to potential targets of 0.697 USD and 0.721 USD.
ApeCoin (APE) Analysis
APE has broken out of the resistive trendline and is displaying bullish divergence along with a W pattern, both of which increase the probability of an upward move. However, for confirmation, a breakout and candle closing above the resistance zone of 0.48633457 USD is required. If confirmed, this breakout could lead to potential targets of 0.51000128 USD and 0.53910783 USD.
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