Crypto analysis for BTC, ETH, EGLD, ADA and SUI

Crypto market in the last 24h:

🌐 Capitalizare globala: $3.09T (+3.08%)
📊 Volumul total 24 ore: $117.38B (+43.54%)
💰 Volum DeFi: $22.58B (19.24% din volumul total)
🔒 Volum Stablecoins: $107.8B (91.84% din volumul total)
💵 Dominanta Bitcoin: 63.91% (-0.39%)

Bitcoin (BTC) Analysis

BTC has formed an expanding wedge pattern with bearish divergence, which increases the probability of a bearish move. However, confirmation is needed through a breakdown and candle closing below the support zone at 92,875 USD. If confirmed, the next targets are 89,804 USD and 86,845 USD.

Ethereum (ETH) Analysis

ETH has broken out of the resistive trendline and formed an inverse head and shoulders pattern, increasing the probability of a bullish move. For confirmation, we need a breakout and candle closing above the resistance zone at 1,954 USD. If this happens, the next targets are 2,139 USD and 2,370 USD.

MultiversX (EGLD) Analysis

EGLD has formed a cup and handle pattern, which increases the probability of a bullish move. But confirmation is only given with a breakout and candle closing above the resistance zone at 16.94 USD. If confirmed, the next targets are 18.95 USD and 21.03 USD.

Cardano (ADA) Analysis

ADA has formed a flag and pole pattern, which supports a potential bullish continuation. However, we need a breakout and candle closing above the resistance zone at 0.744 USD for confirmation. If confirmed, the next targets are 0.797 USD and 0.857 USD.

Sui Analysis

SUI has formed an inverse head and shoulders pattern, signaling a possible bullish reversal. Confirmation will come from a breakout and candle closing above the resistance zone at 3.87 USD. If that happens, the next targets are 5.02 USD and 6.50 USD.

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This report issued by Tradesilvania is purely informative and is not intended to be used as a tool for making investment decisions in crypto-assets. Any person who chooses to use this report in the process of making investment decisions assumes all related risks. Tradesilvania SRL has no legal or other obligation towards the person in question that would derive from the publication of this report publicly.

The content provided on the Tradesilvania website is for informational purposes only and should not be considered as investment advice, financial advice, trading advice, or any other form of advice. We do not endorse or recommend the buying, selling, or holding of any cryptocurrency. It is important that you conduct your own research and consult with a financial advisor before making any investment decisions. We cannot be held responsible for any investment choices made based on the information presented on our website.

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.