Crypto analysis for BTC, ETH, EGLD, KSM and ADA - November 28, 2024
Crypto market in the last 24h:
🌐 Global market cap: $3.29T (+1.85%)
📊 24h total volume: $197.95B (-5.06%)
💰 DeFi volume: $15.27B (7.71% of total volume)
🔒 Stablecoin volume: $182.43B (92.16% of total volume)
💵 Bitcoin dominance: 57.09% (-0.14%)
Bitcoin (BTC) Analysis
BTC is currently in consolidation, offering opportunities for both bullish and bearish scenarios. A breakout and candle closing above the resistance zone of 99,575 USD would confirm a bull flag breakout, potentially targeting 102,979 USD and 105,936 USD. Conversely, a breakdown below the support zone of 91,390 USD would signal a bearish move and validate the breakdown of an M pattern, with potential targets at 87,832 USD and 84,967 USD.
Ethereum (ETH) Analysis
ETH is poised to break out of a descending channel and an inverse head and shoulders pattern, signaling a potential bullish move. Confirmation requires a breakout and candle closing above the resistance zone of 3,688 USD, which could open the path for targets at 4,209 USD and 5,008 USD.
MultiversX (EGLD) Analysis
EGLD, after breaking above the resistance trendline and showing a strong move, is now forming an inverse head and shoulders pattern, increasing the probability of a bullish continuation. Confirmation requires a breakout and candle closing above the resistance zone of 40.30 USD, potentially targeting 50.01 USD and 62.74 USD.
Kusama (KSM) Analysis
KSM has formed a W pattern, suggesting a potential bullish reversal. However, confirmation requires a breakout and candle closing above the resistance zone of 63.63 USD, which could set up targets at 101.05 USD and 177.89 USD.
Cardano (ADA) Analysis
ADA has formed a descending channel following a bullish move, shaping a potential bull flag pattern. Confirmation requires a breakout and candle closing above the resistance zone of 1.083 USD, which could pave the way for targets at 1.177 USD and 1.274 USD.
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