Crypto analysis for BTC, ETH, EGLD, FIL and AAVE - January 30, 2025
Crypto market in the last 24h:
🌐 Global Market Cap: $3.57T (+2.72%)
📊 Total 24h Volume: $130.84B (+16.60%)
💰 DeFi Volume: $8.33B (6.37% of total volume)
🔒 Stablecoins Volume: $118.3B (90.41% of total volume)
💵 Bitcoin Dominance: 58.48% (+0.12%)
Bitcoin (BTC) Analysis
BTC has broken out of the descending channel and a W pattern, which increases the probability of a bullish move. However, for confirmation, we need a breakout and candle closing above the resistance zone of 105,575 USD. If this happens, we can expect potential targets at 108,539 USD and 111,665 USD.
Ethereum (ETH) Analysis
ETH is providing opportunities for both bullish and bearish scenarios:
- Bullish Scenario: If the price breaks out above the resistance zone of 3,236 USD and closes a candle above it, we can expect targets at 3,341 USD and 3,456 USD due to the W pattern.
- Bearish Scenario: If the price breaks down below the support zone of 3,017 USD and closes a candle below it, we can expect targets at 2,938 USD and 2,869 USD due to the bear flag pattern.
MultiversX (EGLD) Analysis
EGLD is looking promising due to the W pattern, but for confirmation, we need a breakout and candle closing above the resistance trendline and zone of 29.14 USD. If confirmed, this could give us targets of 30.43 USD and 31.83 USD.
Filecoin (FIL) Analysis
FIL has taken liquidity and formed a W pattern with bullish divergence, increasing the probability of a bullish move. However, for confirmation, we need a breakout and candle closing above the resistance zone of 4.72 USD. If confirmed, this could give us targets of 4.88 USD and 5.04 USD.
AAVE Analysis
AAVE has formed an inverse head & shoulders with bullish divergence, increasing the probability of a bullish move. However, for confirmation, we need a breakout and candle closing above the resistance zone of 306.86 USD. If confirmed, this could give us targets of 317.78 USD and 329.49 USD.
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