Crypto analysis for BTC, ETH, EGLD, BTC, ETH, EGLD, SOL and ADA

Crypto market in the last 24 hours:

🌐 Global Market Cap: $3.72T (+1.11%)
📊 Total 24h Volume: $114.05B (-12.34%)
💰 DeFi Volume: $34.60B (30.33% of total volume)
🔒 Stablecoins Volume: $111.35B (97.64% of total volume)
💵 Bitcoin Dominance: 61.2% (-3.42%)

Bitcoin (BTC) Analysis

BTC is currently consolidating within an ascending channel and is approaching the resistance zone around 115,430 USD. This confluence increases the probability of a bearish reaction, potentially leading to downside targets at 113,812 USD and 112,912 USD.

Ethereum (ETH) Analysis

ETH has shown a Bearish Change of Character (CHoCH) and is approaching a bearish Inverse Fair Value Gap (IFVG). This confluence increases the probability of a bearish move. If price shows weakness near the IFVG, it may begin forming a larger Head and Shoulders pattern. Should bearish confirmation occur near the 3,662 USD level, we can anticipate potential downside targets at 3,492 USD and 3,312 USD.

MultiversX (EGLD) Analysis

EGLD has formed a rising wedge and is approaching a key resistance zone. If the price reacts bearishly and breaks below the minor support at 14.39 USD, the pattern would be confirmed, increasing the probability of a bearish move toward 14.03 USD and 13.71 USD.

Solana (SOL) Analysis

SOL has broken out of a descending trendline and formed an Inverse Head and Shoulders pattern. However, confirmation is required through a breakout and candle closing above the key resistance zone at 165.26 USD. If this breakout is confirmed, it could lead to upside targets at 170.21 USD and 175.21 USD.

Cardano (ADA) Analysis

ADA has formed an ascending channel with bearish divergence, increasing the probability of a bearish move. For confirmation, price needs to form an M-like structure and break down below the support zone at 0.728 USD. If this happens, we can expect potential downside targets at 0.712 USD and 0.698 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% - DOWN - Bearish momentum
ETH - 1% to 3%- UP - after a pullback we can expect bearish move
AVAX - 2% to 4%- UP - Liq available above
DOGE - 2% to 4%- DOWN - Ascending channel
LTC - 2% to 4%- DOWN - At resistance zone

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.