Crypto analysis for BTC, ETH, EGLD, AVAX and LTC - February 27, 2025
Crypto market in the last 24h:
š Global Market Cap: $2.85T (-2.26%)
š 24h Total Volume: $160.07B (+0.94%)
š° DeFi Volume: $9.45B (5.90% of total)
š Stablecoins Volume: $150.92B (94.28% of total)
šµ Bitcoin Dominance: 59.82% (-0.31%)
Bitcoin (BTC) Analysis
BTC has broken down the M pattern with bearish divergence, further increasing the probability of a bearish move. If the price retests the 89,237 USD zone and shows a strong rejection with a powerful red candle, it could confirm the breakdown and potentially give us targets of 79,585 USD and 71,905 USD.
Ethereum (ETH) Analysis
ETH has formed a falling wedge pattern along with a W pattern and bullish divergence, all of which increase the probability of a bullish move. However, for confirmation, we need a breakout and candle closing above the resistance zone of 2,527 USD. If confirmed, this could give us targets of 2,702 USD and 2,890 USD.
MultiversX (EGLD) Analysis
EGLD has broken out of the resistive trendline and formed a W pattern, which increases the probability of a bullish move. However, for confirmation, we need a breakout and candle closing above the resistance zone of 22.57 USD. If confirmed, this could give us targets of 23.70 USD and 25.06 USD.
Avalanche (AVAX) Analysis
AVAX has broken down from the descending channel but is now moving back inside it, which could trap sellers. Additionally, it is forming a W pattern, further increasing the probability of a bullish move. However, for confirmation, we need a breakout and candle closing above the resistance zone of 23.48 USD. If confirmed, this could give us targets of 24.59 USD and 26.17 USD.
Litecoin (LTC) Analysis
LTC has broken out of the descending channel and is in the process of forming an inverse head and shoulders pattern. However, we need to wait for the right shoulder to fully develop. Once formed, the probability of a bullish move will increase. For confirmation, we need a breakout and candle closing above the resistance zone of 136.09 USD, which could give us targets of 146.41 USD and 156.80 USD.
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