Crypto analysis for BTC, ETH, EGLD, DOGE and SUI - April 3, 2025
Crypto market in the last 24h:
🌐 Global Market Cap: $2.63T (-4.11%)
📊 24h Total Volume: $138.19B (+76.91%)
💰 DeFi Volume: $8.07B (5.84% of total)
🔒 Stablecoin Volume: $133.98B (96.95% of total)
💵 Bitcoin Dominance: 62.13% (+0.20%)
Bitcoin (BTC) Analysis
BTC has formed an ascending channel, and the momentum appears bearish. Additionally, there is significant liquidity below the current level, which increases the probability of a bearish move. However, for confirmation, a breakdown and candle closing below the support zone of 79,972 USD is required. If confirmed, this breakdown could lead to potential targets of 76,294 USD and 73,297 USD.
Ethereum (ETH) Analysis
ETH has formed an inverse cup and handle pattern along with bearish divergence, increasing the probability of a bearish move. However, for confirmation, a breakdown and candle closing below the support zone of 1,770 USD is required. If confirmed, this breakdown could lead to potential targets of 1,716 USD and 1,666 USD.
MultiversX (EGLD) Analysis
EGLD has broken down the support zone, which will now act as resistance. Additionally, there is a resistive trendline above it along with a gap, making this a high-probability area for a bearish move. If the price approaches the 16.34 USD zone without hitting the downside targets, the probability of a bearish move from this level increases. If confirmed, this could lead to potential targets of 14.16 USD and 11.90 USD.
Dogecoin (DOGE) Analysis
DOGE has formed a head and shoulders pattern, increasing the probability of a bearish move. Additionally, the support level at 0.1583 USD is crucial. If the price breaks down and closes a candle below this level, it will validate the pattern and further strengthen the bearish outlook. If confirmed, this breakdown could lead to potential targets of 0.1458 USD and 0.1349 USD.
Sui (SUI) Analysis
SUI has formed a bear flag pattern and is also displaying a head and shoulders structure beneath it, both of which increase the probability of a bearish move. However, for confirmation, a breakdown and candle closing below the support zone of 1.96 USD is required. If confirmed, this breakdown could lead to potential targets of 1.76 USD and 1.60 USD.
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