Crypto analysis for BTC, ETH, EGLD, FIL and XRP

Crypto market in the last 24 hours:

🌐 Global Market Cap: $3.12T (-0.89%)
📊 24h Total Volume: $139.5B (+25.58%)
💰 DeFi Volume: $34.22B (24.53% of total volume)
🔒 Stablecoins Volume: $133.92B (96.01% of total volume)
💵 Bitcoin Dominance: 64.9% (+1.79%)

Bitcoin (BTC) analysis

BTC has formed an M pattern, just as expected, but the price hasn't yet closed a candle below the key support zone at 100,726. For the bearish move to be confirmed, we need a decisive candle close below that level. If that happens, it would validate the M pattern and likely lead to further downside, with potential targets at 96,918 and 93,099 USD.

Ethereum (ETH) analysis

ETH has taken liquidity and printed a bearish Change of Character (CHoCH), along with bearish divergence – all signs pointing to increased downside risk. Still, the best move here is to wait for confirmation via a red candle rejecting from the 2,385 area, which has now flipped from support to resistance. If we get that rejection, it could open the door to more downside, with targets at 2,178 and 2,036 USD.

MultiversX (EGLD) analysis

EGLD has formed a descending channel with bullish divergence, increasing the probability of a move to the upside. However, confirmation is key — we need a breakout and a candle close above the resistance zone at 13.62. If that happens, we could see a bullish continuation toward 16.05 and 19.15 USD.

Filecoin (FIL) analysis

FIL has formed a falling wedge pattern along with bullish divergence — both of which favor a bullish scenario. That said, we still need confirmation via a breakout and candle close above the resistance at 2.30. If that level is broken, we’re likely looking at continuation to the upside with targets at 2.49 and 2.68 USD.

Ripple (XRP) analysis

XRP is showing a rising wedge pattern paired with bearish divergence — not a great combo if you're holding long. Still, we need confirmation through a breakdown and a candle closing below the 2.00 support zone. If that happens, it could trigger more selling pressure, with downside targets at 1.99 and 1.97 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 3% - DOWN - M pattern
ETH - 2% to 4%- DOWN - Bearish CHoCH
LINK - 2% to 4%- UP -At support
DOGE - 2% to 6%- UP - At support
XRP - 2% to 4%- DOWN - Rising wedge with bearish divergence

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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.