Crypto analysis for BTC, ETH, EGLD, KSM and SOL

Crypto market in the last 24 hours:

๐Ÿ“Š Global Crypto Market Cap: 3.16T USD (โ†—๏ธ +0.12%)
๐Ÿ’ง Total Market Volume 24H: 147.27B USD (โ†˜๏ธ -14.25%)
๐Ÿ”— DeFi Volume: 14.59B USD, 9.91% of total (โ†˜๏ธ negative trend)
๐Ÿช™ Stablecoin Volume: 126.86B USD, 86.14% of total (โ†˜๏ธ negative trend)
๐ŸŸง Bitcoin Dominance: 58.64% (โ†˜๏ธ -0.29%)

Bitcoin (BTC) Analysis

BTCUSD has formed a rising wedge with bearish divergence and also developed an M pattern, both increasing the probability of a bearish move. For confirmation, we need a breakdown and candle close below the support zone at 92,618 USD (~92,618 EUR). If that happens, downside targets become 91,169 USD (~91,169 EUR) and 89,783 USD (~89,783 EUR).

Ethereum (ETH) Analysis

ETHUSD has formed an ascending channel with bearish divergence, which increases the likelihood of a bearish move. Confirmation requires a breakdown and candle close below 3,146 USD (~3,146 EUR). If confirmed, the next targets are 3,075 USD (~3,075 EUR) and 3,010 USD (~3,010 EUR).

MultiversX (EGLD) Analysis

EGLDUSD has formed a head and shoulders pattern along with bearish divergence, increasing the probability of a bearish move. Confirmation comes only if price breaks down and closes below 7.37 USD (~7.37 EUR). If that level breaks, the next targets are 7.14 USD (~7.14 EUR) and 6.93 USD (~6.93 EUR).

Kusama (KSM) Analysis

KSMUSD is leaning bearish after forming an M pattern with bearish divergence. For confirmation, we need a breakdown and candle close below the support at 8.61 USD (~8.61 EUR). If that occurs, targets shift to 8.40 USD (~8.40 EUR) and 8.20 USD (~8.20 EUR).

Solana (SOL) Analysis

SOLUSD has formed an ascending channel combined with bearish divergence, increasing the probability of a bearish move. Confirmation requires a breakdown and candle close below 140.71 USD (~140.71 EUR). If confirmed, the downside targets are 136.23 USD (~136.23 EUR) and 131.56 USD (~131.56 EUR).

ESTIMATION (96H Outlook)

BTCUSD โ€“ 1% to 2% โ€“ DOWN โ€“ Small pullback likely before another leg up
ETHUSD โ€“ 1% to 3% โ€“ UP โ€“ Bullish Structure Shift
PEPEUSD โ€“ 2% to 4% โ€“ UP โ€“ W Pattern
DOGEUSD โ€“ 2% to 4% โ€“ DOWN โ€“ At Resistance
ALGOUSD โ€“ 2% to 4% โ€“ DOWN โ€“ At Resistance


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