Crypto analysis for BTC, ETH, EGLD, LINK and ADA

Crypto market in the last 24 hours:

🌐 Market Cap: $3.49T (+4.13%)
📊 24h Volume: $199.92B (+57.92%)
💰 DeFi Volume: $44.455B (22.23% of total volume 24h)
🔒 Stablecoin Volume: $190.571B (95.33% of total volume 24h)
💵 Bitcoin Dominance: 63.0% (-0.50%)

Bitcoin (BTC) Analysis

BTC is looking bearish on the higher timeframe, and its position in the overbought zone adds risk for long-term long positions. If you look at the chart, you'll notice that the price has formed an ascending channel and is starting to show signs of bearish divergence—momentum is weakening even though the price is making higher highs.

This setup increases the probability of a downward move. While a short-term push upward is still possible as the pattern completes, the overall structure suggests downside risk. For confirmation, we need a breakdown and candle close below the support zone at 72,398 USD. This would also complete an M pattern and could open the path toward the targets of 56,582 USD and 42,412 USD.

Ethereum (ETH) Analysis

ETH has formed a bull flag pattern, and inside it, there's also an inverse head and shoulders structure. Both are bullish patterns—one a continuation, the other a reversal.

This combination increases the probability of a bullish move, suggesting consolidation after a previous uptrend and potential resumption of that trend. However, for confirmation, we need a breakout and candle close above the resistance zone at 2,649 USD. If that happens, it could trigger bullish momentum toward the next targets of 2,796 USD and 2,998 USD.

MultiversX (EGLD) Analysis

EGLD has broken out of a falling wedge and also formed a W pattern with bullish divergence, both strong bullish reversal signals. This indicates sellers are losing momentum and buyers are stepping in, increasing the likelihood of an upward move. Still, for confirmation, we need a breakout and candle close above the resistance zone at 19.72 USD. If confirmed, it could lead to a bullish continuation toward the targets of 21.39 USD and 22.83 USD.

Chainlink (LINK) Analysis

LINK is showing strength as it forms an inverse head and shoulders pattern, which is a classic bullish reversal setup. This indicates that selling pressure is fading and buyers are gradually gaining control. The probability of a bullish move increases significantly if the price breaks out and closes a candle above the resistance zone at 16.54 USD. If this happens, we can expect a continuation toward the targets of 17.30 USD and 18.13 USD.

Cardano (ADA) Analysis

ADA has broken out of a descending channel and also formed an inverse head and shoulders pattern with bullish divergence, which together increase the probability of a bullish move. The descending channel breakout signals a trend shift, while the inverse head and shoulders suggests a potential reversal from the recent downtrend. The presence of bullish divergence further supports that buyers are gaining momentum. However, for confirmation, we need a breakout and candle close above the resistance zone at 0.793 USD. If confirmed, it could open the path toward targets of 0.834 USD and 0.876 USD.

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