Crypto analysis for BTC, ETH, EGLD, BNB and KSM

Crypto market in the last 24 hours:

🌐 Global Market Cap: $4.03T (+2.60%)
📊 Total 24h Volume: $173.37B (+1.92%)
💰 DeFi Volume: $44.95B (25.93% of total volume)
🔒 Stablecoins Volume: $167.95B (96.87% of total volume)
💵 Bitcoin Dominance: 60.0% (-3.7%)

Bitcoin (BTC) Analysis

BTC has shown strong bullish momentum since our last update and is now trading close to its all-time high. From here, we might see either a liquidity grab or a breakout.
If price pulls back to the support zone, forms a W pattern, then breaks out above 119,546 USD, it could trigger a bullish move toward 120,464 USD and 121,409 USD.

On the other hand, if price breaks down and closes a candle below the support at 118,847 USD, the probability of a bearish move increases, with downside targets at 117,292 USD and 115,990 USD.

Ethereum (ETH) Analysis

ETH remains bullish overall, but a pullback could happen. For this to occur, we need a breakdown of the Rising Wedge pattern along with bearish divergence, confirmed by a candle close below support at 4,287 USD.
Such a move would raise the chances of a bearish continuation, with targets at 4,243 USD and 4,194 USD.

MultiversX (EGLD) Analysis

EGLD has broken down from a supportive trendline and is currently retesting it. Bearish divergence is visible, adding bearish bias.
Confirmation of a bearish move requires a breakdown and candle closing below support at 15.65 USD. If confirmed, downside targets would be 15.02 USD and 14.34 USD.

Binance Coin (BNB) Analysis

BNB is showing bearish divergence but still respecting the support trendline.
If price breaks down below both the trendline and support at 794 USD, bearish momentum could accelerate toward 781.2 USD and 767.3 USD.

Kusama (KSM) Analysis

KSM is trading inside an ascending channel. A breakdown from this pattern would increase bearish odds.
For confirmation, price must break down and close below support at 15.16 USD. Confirmed, targets could be at 14.59 USD and 14.03 USD.

📈 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 - going to take liq of ATH
ETH - 1% to 3%- UP - Follow BTC
TRB - 2% to 4%- UP - Bullish market structure
AAVE - 2% to 4%- UP - Bull flag
ALGO - 2% to 4% - UP - Liq available above

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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.