Crypto analysis for BTC, ETH, EGLD, DOGE and LINK

Crypto market in the last 24 hours:

🌐 Global Market Cap: $3.78T (-1.02%)
📊 Total 24h Volume: $199.38B (-15.25%)
💰 DeFi Volume: $21.26B (10.66% of total volume)
🔒 Stablecoin Volume: $195.76B (98.14% of total volume)
💵 Bitcoin Dominance: 58.7% (+1.34%)

Bitcoin (BTC) Analysis

BTC is currently at a daily support level with bullish hidden divergence and showing signs of a potential double bottom formation.
For confirmation, we need a breakout and candle close above the resistive trendline and the level of 113,678 USD. Once confirmed, upside targets are 118,756 USD and 124,302 USD.

Ethereum (ETH) Analysis

ETH has perfectly broken out and retested the resistive trendline while forming a cup and handle pattern.
However, the bulls are currently not showing strong momentum, so it’s better to wait for a breakout and candle close above the resistance zone at 4,287 USD for confirmation. Once confirmed, upside targets are 4,631 USD and 4,961 USD.

MultiversX (EGLD) Analysis

EGLD has formed a falling wedge pattern with bullish divergence, increasing the probability of a bullish move.
For confirmation, we need a breakout and candle close above the resistance zone at 10.59 USD. Once confirmed, targets are 11.23 USD and 11.83 USD.

Dogecoin (DOGE) Analysis

DOGE has formed a falling wedge pattern with bullish divergence and is showing signs of a W pattern formation.
For confirmation, we need a breakout and candle close above the resistance zone at 0.2009 USD. Once confirmed, targets are 0.2134 USD and 0.2257 USD.

Chainlink (LINK) Analysis

LINK has formed a falling wedge pattern with bullish divergence and is also in the process of forming a W pattern.
For confirmation, we need a breakout and candle close above the resistance zone at 18.35 USD. Once confirmed, upside targets are 19.26 USD and 20.20 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 - At daily support
ETH - 1% to 3%- UP - Trendline retest
SUI - 2% to 4%- UP - W pattern
PEPE - 2% to 4%- UP - W pattern with bullish divergence
KSM - 2% to 4%- UP - W Pattern

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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.