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

Crypto market in the last 24h:

🌐 Global Market Cap: $3T (+1.72%)
📊 Total 24h Volume: $75.96B (+27.67%)
💰 DeFi Volume: $6.24B (8.21% of total volume)
🔒 Stablecoins Volume: $69.85B (91.96% of total volume)
💵 Bitcoin Dominance: 63.36% (+0.09%)

Bitcoin (BTC) Analysis

BTC is currently presenting opportunities for both bullish and bearish moves, as it is forming a bull flag and an M pattern. If the price makes a breakout and closes a candle above the resistance zone at 95,853 USD, it will confirm the bull flag and could lead to targets of 97,570 USD and 99,318 USD.

On the other hand, if the price makes a breakdown and closes a candle below the support zone at 91,683 USD, it will confirm the M pattern and increase the probability of a bearish move, with targets at 88,783 USD and 85,925 USD.

Ethereum (ETH) Analysis

ETH has formed an ascending channel along with bearish divergence, which increases the probability of a bearish move. However, for confirmation, we need a breakdown and a candle closing below the support zone at 1,724 USD, which could then open the way to targets of 1,666 USD and 1,605 USD.

MultiversX (EGLD) Analysis

EGLD has formed a falling wedge, which increases the probability of a bullish move. In the bigger picture, it can also be considered a bull flag, but for confirmation of this pattern, we need a breakout and a candle closing above the resistance zone at 17.70 USD, which could then lead to targets of 18.38 USD and 19.10 USD.

Dogecoin (DOGE) Analysis

DOGE has formed an M pattern together with bearish divergence, which increases the probability of a bearish move. However, for confirmation, we need a breakdown and a candle closing below the support zone at 0.1697 USD, which could lead to targets of 0.1621 USD and 0.1544 USD.

Solana (SOL) Analysis

SOL is currently forming a head and shoulders pattern with bearish divergence, which increases the probability of a bearish move. For confirmation, a breakdown and candle closing below the support zone at 144.30 USD is needed, which could then open the way to targets of 137.83 USD and 130.56 USD.

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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.