Crypto analysis for BTC, ETH, EGLD, ALGO and SOL

Crypto market in the last 24 hours:

🌐 Global Market Cap: $3.12T (-0.29%)
📊 Total 24h Volume: $179.84B (+8.91%)
💰 DeFi Volume: $15.16B (8.43% of total volume)
🔒 Stablecoin Volume: $166.34B (92.50% of total volume)
💵 Bitcoin Dominance: 58.6% (-0.29%)

Bitcoin Analysis (BTC)

BTCUSD is looking bullish because it is moving inside a descending channel with bullish divergence, and a W pattern is also forming. For confirmation, we need a breakout and candle closing above the resistance zone of 93,790. If that happens, we can expect targets of 99,503 and 105,847.

Ethereum Analysis (ETH)

ETHUSD has formed a falling wedge with bullish divergence, which increases the probability of a bullish move. For confirmation, we need a breakout and candle closing above the resistance zone of 3,169. Once confirmed, we can expect targets of 3,344 and 3,592.

MultiversX Analysis (EGLD)

EGLDUSD has formed a descending channel with bullish divergence and a W pattern. For confirmation, we need a breakout and candle closing above the resistance zone of 8.58. If this occurs, we can expect targets of 9.29 and 10.19.

Algorand Analysis (ALGO)

ALGOUSD has been in a descending channel for a long time with bullish divergence, increasing the probability of a bullish move. It also shows that traders are placing stop-losses above the channel trendline. Once the price breaks out and closes a candle above the resistance zone of 0.1985, we can expect targets of 0.2504 and 0.3175.

Solana Analysis (SOL)

SOLUSD has broken out of the resistance trendline, retested it, and formed a W pattern with bullish divergence, all of which increase the probability of a bullish move. For confirmation, we need a breakout and candle closing above the resistance zone of 143.93. Once confirmed, we can expect targets of 156.64 and 171.34.

📈 Our Short-Term Estimates (96H)

Disclaimer: These are our personal opinions, not financial advice. We invest our own money, and sometimes we lose. DYOR!

BTC - 1% to 2% - UP - over sold pullback expected
ETH - 1% to 3%- UP - over sold pullback expected
SOL - 2% to 4%- UP - over sold pullback expected
LINK - 2% to 4%- UP - over sold pullback expected
DOGE - 2% to 4%- UP - over sold pullback expected

All cryptocurrencies are available for trading on Tradesilvania , and their prices can be seen on the Tradesilvania price page, accessible through the following link: https://tradesilvania.com/en/prices

With the help of our platform, you can deposit, withdraw, buy or sell any of these cryptocurrencies using the free digital wallet. SEPA Top-up (On-Ramp & Off-Ramp) Euro and RON instant transfers and over 150 cryptocurrencies, are all available in our app.

Limitation of Liability

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.