Crypto Technical Analysis: BTC, ETH, EGLD, BNB, SOL

Crypto market in the last 24 hours:

📈 Total crypto market cap: $3.36T (⬆️ +0.75%)
💸 Total 24h volume: $92.69B (⬆️ +44.28%)
🔗 DeFi volume: $30.31B (⬆️, 32.71% of total)
🪙 Stablecoin volume: $87.94B (⬆️, 94.88% of total)
🧠 BTC dominance: 64.38% (⬇️ -0.18%)

Bitcoin (BTC) analysis

BTCUSD appears short-term bearish due to the formation of an M pattern combined with bearish divergence, increasing the probability of a downward move.
➡️ Confirmation requires a candle closing below the support zone at 105,127 USD (96,712 EUR).
If this breakdown occurs, the pattern would be validated, and price could target 102,516 USD (94,314 EUR) and 99,934 USD (91,940 EUR).

Ethereum (ETH) analysis

ETHUSD has formed an inverse Head and Shoulders pattern, increasing the likelihood of a bullish move.
➡️ Confirmation is needed via a breakout and candle closing above the resistance zone at 2,684 USD (2,469 EUR).
If confirmed, price could target 2,867 USD (2,637 EUR) and 3,069 USD (2,823 EUR).

MultiversX (EGLD) analysis

EGLDUSD is trading within an ascending channel and forming an inverse Head and Shoulders pattern inside this range.
➡️ Confirmation comes with a breakout and candle closing above the resistance at 13.64 USD (12.55 EUR).
If this move is validated, the next targets are 13.92 USD (12.80 EUR) and 14.33 USD (13.18 EUR).

Binance Coin (BNB) analysis

BNBUSD has shown a bull trap and formed an M pattern with bearish divergence, suggesting potential downside.
➡️ Confirmation requires a candle closing below the support at 660 USD (607 EUR).
If this level breaks, price could move toward 656 USD (603 EUR) and 653 USD (600 EUR).

Solana (SOL) analysis

SOLUSD shows both technical and fundamental strength. It has formed a bull flag pattern, indicating potential for further bullish continuation.
➡️ Confirmation is needed via breakout above the resistance zone at 154 USD (141 EUR).
If confirmed, next potential targets are 156.11 USD (143.62 EUR) and 158.02 USD (145.38 EUR).

96H Short-Term Estimation

BTCUSD – 1% to 2% ➡️ UP – Minor support below (RISKY)
ETHUSD – 1% to 3% ➡️ UP – Liquidity above
BNBUSD – 2% to 4% ➡️ DOWN – M pattern
FILUSD – 2% to 4% ➡️ UP – At ascending channel support
DOTUSD – 2% to 4% ➡️ UP – At ascending channel support

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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.