Crypto analysis for BTC, ETH, EGLD, DOT and AAVE - May 29, 2025
Crypto market in the last 24 hours:
🌐 Market Cap: $3.42T (-0.39%)
📊 24h Volume: $130.31B (+9.67%)
💰 DeFi Volume: $40.96B (31.44% of total volume 24h)
🔒 Stablecoins Volume: $124.75B (95.72% of total volume 24h)
💵 Bitcoin Dominance: 62.9% (-0.57%)
Bitcoin (BTC) Analysis
BTC is looking bullish after forming a bull flag pattern, which increases the probability of a continuation to the upside. However, for confirmation, we need to see a structure similar to a W pattern forming from the current levels, followed by a breakout and candle close above the resistance zone at 108,499 USD. If this happens, potential targets are 109,992 USD and 111,303 USD. This scenario aligns with the current bullish momentum, but it's important to remain cautious and wait for clear confirmation before entering a position.
Ethereum (ETH) Analysis
ETH has taken out buyer liquidity, formed an ascending channel, and is showing bearish divergence—all of which increase the probability of a downside move. For confirmation, we need a breakdown and a candle close below the support zone at 2,462 USD. If this happens, price could move toward 2,355 USD and 2,227 USD. This setup signals a potential reversal from current levels, but any short positions should be considered only after proper confirmation.
MultiversX (EGLD) Analysis
EGLD is showing potential due to the formation of an inverse head and shoulders pattern, which increases the probability of a bullish reversal from the current levels. To confirm this move, we need a breakout and candle close above the resistance zone at 21 USD. If successful, the price could rally toward 25.29 USD and 31.04 USD. It’s important to closely watch price action, as failure to break above this key level could lead to rejection and a continuation of the existing trend.
Polkadot (DOT) Analysis
DOT is currently consolidating after a bullish move, forming what looks like a bull flag pattern. This increases the probability of bullish continuation, but we need confirmation through a breakout and candle close above the resistance zone at 4.81 USD. If this level is broken, a rally could follow toward targets of 5.21 USD and 5.66 USD. However, if the breakout fails, price may continue to consolidate or retrace—so wait for confirmation before taking a position.
AAVE (AAVE) Analysis
AAVE is showing potential weakness after forming a rising wedge pattern, along with bearish divergence on the chart. This combination increases the likelihood of a bearish move, hinting at a possible reversal or correction. For confirmation, we need to see a breakdown and a candle close below the support zone at 256.78 USD. If this happens, a sell-off toward 245.58 USD and 233.53 USD could follow. Until then, the bearish setup remains high probability but needs confirmation through a clear breakdown.
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