Crypto analysis for BTC, ETH, EGLD, APE and LTC - February 24, 2025
Crypto market in the last 24h:
🌐 Global market cap: $3.15T (-1.68%)
📊 24h total volume: $83.03B (+20.61%)
💰 DeFi volume: $6.79B (8.18% of total)
🔒 Stablecoin volume: $77.28B (93.07% of total)
💵 Bitcoin dominance: 60.37% (+0.64%)
Bitcoin (BTC) Analysis
BTC has shown a buyers' trap and formed an M pattern from the resistance trendline, increasing the probability of a bearish move. However, for confirmation, we need a breakdown and a candle closing below the support zone of 93,451 USD. If this happens, it could lead the price to targets of 91,077 USD and 89,057 USD. Additionally, there is liquidity around these target areas, which could act as a magnet for the price, further reinforcing the bearish scenario.
Ethereum (ETH) Analysis
ETH has formed a cup and handle pattern, increasing the probability of a bullish move. However, for confirmation, we need a breakout and a candle closing above the resistance zone of 2,918 USD. If this happens, the next targets could be 3,086 USD and 3,271 USD.
MultiversX (EGLD) Analysis
EGLD has also shown a buyers' trap and formed an M pattern while breaking down the supportive trendline, increasing the probability of a bearish move. However, for confirmation, we need a breakdown and a candle closing below the support zone of 22.05 USD. If this happens, the next targets could be 21.33 USD and 20.68 USD.
ApeCoin (APE) Analysis
APE is increasing the probability of a bearish continuation due to the formation of a bear flag pattern. However, for confirmation, we need a breakdown and a candle closing below the support zone of 0.62079610 USD. If this happens, the next targets could be 0.53922653 USD and 0.48269884 USD.
Litecoin (LTC) Analysis
LTC has formed an ascending channel along with an inverse cup and handle pattern and a bearish divergence, increasing the probability of a bearish move. However, for confirmation, we need a breakdown and a candle closing below the support zone of 119.8 USD. If this happens, the next targets could be 113.9 USD and 108.4 USD.
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