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

Crypto market in the last 24 hours:

🌐 Global Market Cap: $3.89T (+2.59%)
📊 Total 24h Volume: $163.51B (+94.11%)
💰 DeFi Volume: $19.88B (12.16% of total volume)
🔒 Stablecoin Volume: $158.55B (97.01% of total volume)
💵 Bitcoin Dominance: 59.2% (+1.35%)

Bitcoin (BTC) Analysis

BTC is looking bullish due to its bullish market structure. As shown on the chart, a recent bullish BOS (Break of Structure) and a support zone at 113,186 USD indicate potential for continuation.

If the price pulls back to this support and clears out late buyers, we can expect a bullish move from that zone. For confirmation, we need bullish signals such as a W pattern or an inverse head & shoulders formation. Once confirmed, upside targets are 113,916 USD and 114,768 USD.

Ethereum (ETH) Analysis

ETH is following a similar price action to BTC and is currently showing a support zone near 4,072 USD. For confirmation, we need bullish signals at this level — such as a W pattern or an inverse head & shoulders formation. Once confirmed, upside targets are 4,101 USD and 4,143 USD.

MultiversX (EGLD) Analysis

EGLD has broken out of the resistive trendline and formed a W pattern, increasing the probability of a bullish move. For confirmation, we need a breakout and candle close above the resistance zone at 10.51 USD. Once confirmed, upside targets are 11.35 USD and 12.29 USD.

Binance Coin (BNB) Analysis

BNB has formed a cup and handle pattern, increasing the probability of a bullish reversal from this level. For confirmation, we need a breakout and candle close above the resistance zone at 1,164 USD. Once confirmed, upside targets are 1,226 USD and 1,286 USD.

Kusama (KSM) Analysis

KSM has formed a falling wedge with a W pattern inside, both increasing the probability of a bullish move. For confirmation, we need a breakout and candle close above the resistance zone at 10.93 USD. Once confirmed, upside targets are 11.80 USD and 12.64 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 - China US Trade Deal (News)
ETH - 1% to 3%- UP - China US Trade Deal (News)
SOL - 2% to 4%- UP - W pattern breakout
DOGE - 2% to 4%- UP - Falling wedge breakout
LINK - 2% to 4%- UP - W pattern

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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.