Crypto analysis for BTC, ETH, EGLD, KSM and ALGO - March 13, 2025
Crypto market in the last 24h:
🌐 Global market cap: $2.7T (+0.02%)
📊 24-hour total volume: $96.73B (-18.34%)
💰 DeFi volume: $6.11B (6.32% of total volume)
🔒 Stablecoins volume: $91.11B (94.20% of total volume)
💵 Bitcoin dominance: 60.93% (-0.23%)
Bitcoin (BTC) Analysis
BTC is offering opportunities for both bullish and bearish moves. On the bullish side, it has formed an inverse head & shoulders pattern, increasing the probability of an upward move. However, for confirmation, we need a breakout and candle closing above the resistance zone of 84434 USD, which could then target 87175 USD and 90267 USD.
On the bearish side, BTC has also formed a bear flag with bearish divergence, suggesting a potential downward move. For confirmation, a breakdown and candle closing below the support zone of 80936 USD would be needed, which could then lead to targets of 79139 USD and 77227 USD.
Ethereum (ETH) Analysis
ETH is looking bearish due to the formation of a bear flag pattern, which increases the probability of a continuation of the downtrend. However, for confirmation, we need a breakdown and candle closing below the support zone of 1834 USD, which could then lead to targets of 1730 USD and 1649 USD.
MultiversX (EGLD) Analysis
EGLD is looking bearish due to the formation of a head & shoulders pattern, which increases the probability of a downtrend. However, for confirmation, we need a breakdown and candle closing below the support zone of 17.76 USD, which could then give us the targets of 17.34 USD and 16.91 USD.
Kusama (KSM) Analysis
KSM is showing a strong bullish setup due to the presence of a resistive trendline, a W pattern, and bullish divergence, all of which increase the probability of an upward move. However, for confirmation, we need a breakout and candle closing above the resistance zone of 16.45 USD, which could then give us the targets of 17.33 USD and 18.51 USD.
Algorand (ALGO) Analysis
ALGO has formed a falling wedge along with a cup & handle pattern and bullish divergence, all of which together increase the probability of a bullish move. However, for confirmation, we need a breakout and candle closing above the resistance zone of 0.20240499 USD, which can then give us the targets of 0.21790937 USD and 0.23774876 USD.
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