Crypto analysis for BTC, ETH, EGLD, FIL and KSM - December 27, 2024
Crypto market in the last 24h:
🌐 Global Market Cap: $3.38T (+1.53%)
📊 Total 24h Volume: $121.37B (-3.08%)
💰 DeFi Volume: $9.01B (7.42% of total volume)
🔒 Stablecoins Volume: $112.91B (93.03% of total volume)
💵 Bitcoin Dominance: 56.86% (-0.07%)
Bitcoin (BTC) Analysis
BTC is displaying a W pattern within a cup & handle structure, accompanied by bullish divergence, which increases the probability of a bullish move. For confirmation, a breakout and candle closing above the resistance zone of 100004 USD is needed. If confirmed, the potential targets are 103936 USD and 108116 USD.
Ethereum (ETH) Analysis
ETH is exhibiting bearish potential due to the formation of a head and shoulders pattern accompanied by bearish divergence, which increases the likelihood of a downward move. For confirmation, a breakdown and candle closing below the support zone of 3440 USD is required, which could then open the path toward the targets of 3382 USD and 3336 USD.
MultiversX (EGLD) Analysis
EGLD is presenting opportunities for both bullish and bearish scenarios due to the formation of a triangle pattern. On the bullish side, a breakout and candle closing above the resistance zone of 38.35 USD could lead to targets of 40.89 USD and 43.55 USD. Conversely, on the bearish side, a breakdown and candle closing below the support zone of 34.29 USD could open the path to targets of 32.65 USD and 31.06 USD.
Filecoin (FIL) Analysis
FIL appears bearish due to the formation of a bear flag pattern. For confirmation, a breakdown and candle closing below the support zone of 4.68 USD is required, which could lead to potential targets of 4.35 USD and 4.06 USD.
Kusama (KSM) Analysis
KSM 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 of 35.32 USD are needed, which could lead to potential targets of 33.77 USD and 32.54 USD.
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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.