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

Crypto market in the last 24h:

🌐 Global market cap: $3.19T (+2.54%)
📊 24h total volume: $203.14B (+12.60%)
💰 DeFi volume: $8.77B (4.32% of total volume)
🔒 Stablecoins volume: $185.86B (91.49% of total volume)
💵 Bitcoin dominance: 60.45% (+1.09%)

Bitcoin (BTC) Analysis

BTC continues to align with our previous analysis and is currently forming a flag and pole pattern, which suggests a higher probability of bullish continuation. For confirmation, a breakout and candle closing above the resistance zone of 97,787 USD are required, potentially targeting 98,941 USD and 100,108 USD. However, if the price breaks down below the support zone, it would invalidate the pattern, as this is a crucial zone where the market may exhibit unpredictable movements.

Ethereum (ETH) Analysis

ETH is looking good as it has formed an inverse head and shoulders pattern near the support zone, increasing the probability of a bullish reversal. For confirmation, a breakout and candle closing above the resistance zone of 3,161 USD are required, which could lead to targets of 3,219 USD and 3,267 USD.

MultiversX (EGLD) Analysis

If the market turns bearish, it may be better to look for short confirmation on EGLD, as it has formed an M pattern. For confirmation, a breakdown and candle closing below 27.32 USD are needed, which could lead to targets of 25.40 USD and 23.64 USD. However, it is crucial to analyze the overall crypto market trend before shorting, as alignment with the broader market movement is essential.

ApeCoin (APE) Analysis

APE has formed a cup and handle pattern, which increases the probability of a bullish move. However, confirmation is required through a breakout and candle closing above the resistance zone of 1.29 USD, which could open the way for targets at 1.47 USD and 1.67 USD.

Solana (SOL) Analysis

SOL has shown consolidation following its bullish move, forming a bull flag pattern that increases the probability of a bullish continuation. However, confirmation is required through a breakout and candle closing above the resistance zone of 248 USD, which could set targets at 256 USD and 263 USD.

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 100 cryptocurrencies, are all available in our app.

Click on the image

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.

Total or partial reproduction of this report is permitted only by mentioning the source.