Crypto analysis for BTC, ETH, EGLD, BNB and DOT - February 6, 2025
Crypto market in the last 24h:
🌐 Global market cap: $3.24T (+1.06%)
📊 Total 24h volume: $118.38B (-29.97%)
💰 DeFi volume: $6.61B (5.59% of total volume)
🔒 Stablecoins volume: $110.24B (93.13% of total volume)
💵 Bitcoin dominance: 60.38% (+0.12%)
Bitcoin (BTC) Analysis
BTC has formed a falling wedge, increasing the probability of a bullish move. However, for confirmation, we need a breakout and candle closing above the resistance zone of 98,847 USD. If confirmed, this could give us targets of 100,358 USD and 102,045 USD.
Ethereum (ETH) Analysis
ETH has broken out of the resistive trendline and formed a cup & handle, increasing the probability of a bullish move. However, for confirmation, we need a breakout and candle closing above the resistance zone of 2,921 USD. If confirmed, this could give us targets of 3,123 USD and 3,336 USD.
MultiversX (EGLD) Analysis
EGLD is looking bearish as it has formed an inverse cup & handle on the bigger timeframe, increasing the probability of a bearish move. However, for confirmation, we need a breakdown and candle closing below the support zone of 17.87 USD. If confirmed, this could give us targets of 11.58 USD and 7.32 USD.
Binance Coin (BNB) Analysis
BNB has broken out of the resistive trendline and formed a W pattern with bullish divergence, increasing the probability of a bullish move. However, for confirmation, we need a breakout and candle closing above the resistance zone of 583.5 USD. If confirmed, this could give us targets of 596.3 USD and 610.0 USD.
Polkadot (DOT) Analysis
DOT has broken down from the falling wedge and a crucial support zone, but if the price reclaims this level, it could trap late sellers. For confirmation, we need a breakout and candle closing above the resistance zone of 5.25 USD. If confirmed, this could give us targets of 6.22 USD and 7.48 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.
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.