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

Crypto market in the last 24 hours:

🌐 Global Market Cap: $3.85T (+0.31%)
📊 24h Total Volume: $175.15B (-4.76%)
💰 DeFi Volume: $41.16B (23.51% of total volume)
🔒 Stablecoins Volume: $169.21B (96.64% of total volume)
💵 Bitcoin Dominance: 58.7% (-1.63%)

Bitcoin (BTC) Analysis

BTC is showing a bearish outlook after breaking down from its supportive trendline and forming a Head and Shoulders pattern with bearish divergence. This setup increases the probability of a bearish move. For confirmation, a retest of the resistance zone at 113,909 USD is required. If confirmed, potential downside targets are 113,247 USD and 112,651 USD.

Ethereum (ETH) Analysis

ETH has formed a Head and Shoulders pattern accompanied by bearish divergence, which increases the probability of a bearish move. For confirmation, a breakdown and candle closing below the support zone at 4,273 USD is required. If confirmed, potential downside targets are 4,222 USD and 4,167 USD.

MultiversX (EGLD) Analysis

EGLD is currently testing the resistance trendline of a Falling Wedge, with the 200 EMA acting as additional resistance and hidden bearish divergence present. For confirmation of a bearish move, a breakdown and candle closing below the support zone at 15.09 USD is required. If confirmed, potential downside targets are 14.66 USD and 14.20 USD.

Dogecoin (DOGE) Analysis

DOGE is showing a bearish outlook as the 200 EMA overhead is acting as resistance, alongside a key resistance zone and the presence of bearish divergence. For confirmation, a bearish pattern needs to form at the resistance zone of 0.2253 USD. If confirmed, this would increase the probability of a bearish move, with potential downside targets at 0.2194 USD and 0.2130 USD.

Solana (SOL) Analysis

SOL is showing a bullish outlook as it has broken out of a Falling Wedge pattern with bullish divergence and is currently retesting the breakout level. For confirmation, we need to see bullish pattern formation at the support zone of 185.70 USD, such as a W pattern or an Inverse Head and Shoulders on the lower time frame. If confirmed, this would increase the probability of a bullish move, with potential upside targets at 193.59 USD and 202.65 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 - Liquidity available below
ETH - 1% to 3%- DOWN - head & shoulders
PEPE - 2% to 4%- DOWN - M pattern
ADA - 2% to 4%- DOWN - M pattern
LINK - 2% to 4%- DOWN - head & shoulders

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.