Crypto analysis for BTC, ETH, EGLD, FLOKI and SUI

Crypto market in the last 24 hours:

🌐 Global Market Cap: $3.88T (-3.39%)
📊 24h Total Volume: $168.03B (+2.33%)
💰 DeFi Volume: $40.37B (24.03% of total volume)
🔒 Stablecoins Volume: $160.51B (95.55% of total volume)
💵 Bitcoin Dominance: 59.1% (-1.88%)

Bitcoin (BTC) Analysis

BTC is showing bearish signs after a Bearish Change of Character (CHoCH) and leaving a gap. Additionally, the resistance zone aligns with the golden Fibonacci zone, further strengthening the bearish bias. However, confirmation is required through the formation of bearish patterns, such as an M pattern or Head and Shoulders, near the resistance level at 119,465 USD. If confirmed, this could lead to potential downside targets at 116,389 USD and 112,630 USD.

Ethereum (ETH) Analysis

ETH is currently in a pullback phase, trading within a descending channel. Some additional consolidation within this structure can be expected. For confirmation of a bullish move, we need to see bullish patterns such as a W pattern or Inverse Head and Shoulders forming around the support zone at 4,095 USD. If confirmed, this could lead to potential upside targets at 4,384 USD and 4,739 USD.

MultiversX (EGLD) Analysis

EGLD has broken down from its supportive trendline and subsequently formed a Head and Shoulders pattern with bearish divergence. Together, these factors increase the probability of a bearish move. For confirmation, a breakdown and candle closing below the support zone at 14.85 USD is required. If confirmed, this could lead to potential downside targets at 13.99 USD and 13.22 USD.

Floki (FLOKI) Analysis

FLOKI has taken sellers’ liquidity and formed a descending channel with bullish divergence. Together, these factors increase the probability of a bullish move. For confirmation, a breakout above the descending channel and the resistance zone at 0.00012333 USD is required. If confirmed, this could lead to potential upside targets at 0.00014108 USD and 0.00016601 USD.

Sui (SUI) Analysis

SUI has taken buyers’ liquidity and formed an M pattern accompanied by bearish divergence, which increases the probability of a bearish move. For confirmation, a breakdown and candle closing below the support zone at 3.28 USD is required. If confirmed, this could lead to potential downside targets at 2.73 USD and 2.29 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 2% - DOWN - At resistance zone
ETH - 1% to 3%- DOWN - In pullback phase
SUI - 2% to 4%- DOWN - M pattern
ALGO - 2% to 4%- DOWN - Head & shoulders
AVAX - 2% to 4%- DOWN - Ascending channel

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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.