Crypto analysis for BTC, ETH, EGLD, APE and ALGO - August 7, 2025
Crypto market in the last 24 hours:
š Global Market Cap: $3.76T (+0.98%)
š Total 24h Volume: $127.79B (-9.40%)
š° DeFi Volume: $35.48B (27.77% of total volume)
š Stablecoins Volume: $124.39B (97.34% of total volume)
šµ Bitcoin Dominance: 60.8% (-3.7%)
Bitcoin (BTC) Analysis
BTC has formed both a Rising Wedge (bearish) and a W pattern (bullish). These conflicting patterns create a mixed bias. However, if price breaks out and closes a candle above the resistance at 116,216 USD, the bullish scenario will be favored. If confirmed, the move could extend toward 118,028 USD and 119,664 USD.
Ethereum (ETH) Analysis
ETH is showing a Rising Wedge on the lower time frame, along with bearish divergence, indicating a higher probability of a short-term bearish move. For confirmation, price must break down and close below the support at 3,651 USD. If that happens, downside targets lie at 3,603 USD and 3,551 USD.
MultiversX (EGLD) Analysis
EGLD has formed an Inverse Head and Shoulders, which can also be interpreted as a Bull Flag, both pointing toward a potential bullish reversal. To confirm, the price must break out and close above the 14.87 USD resistance zone. If confirmed, targets are 15.27 USD and 15.64 USD.
ApeCoin (APE) Analysis
APE has broken out of a Falling Wedge and formed a W pattern after a liquidity sweep, both supporting a bullish bias. A breakout and close above the resistance at 0.577 USD is needed for confirmation. If validated, this could lead to upside targets at 0.607 USD and 0.640 USD.
Algorand (ALGO) Analysis
ALGO has broken out of a descending channel and formed a W pattern, indicating bullish continuation potential. However, the move needs to be confirmed with a breakout and candle close above 0.250 USD. Upon confirmation, the next targets are 0.270 USD and 0.291 USD.
š Our Short-Term Estimates (96H)
Disclaimer: These are our personal opinions, not financial advice. We invest our own money ā and sometimes we lose. DYOR!
- BTC - 1% to 2% - Down - at resistance zone of range
- ETH - 96H- 1% to 3%- Down - at resistance zone
- BNB - 96H- 2% to 4%- Down - Bear Flag
- LTC - 96H- 2% to 4%- DOWN - M pattern
- PEPE - 96H- 2% to 4%- UP - W pattern
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