Crypto analysis for BTC, ETH, EGLD, LINK and DOGE - February 13, 2025
Crypto market in the last 24h:
🌐 Global market cap: $3.18T (+0.49%)
📊 24h total volume: $134.08B (+34.77%)
💰 DeFi volume: $11.86B (8.85% of total)
🔒 Stablecoins Volume: $124.96B (93.20% of total)
💵 Bitcoin Dominance: 59.92% (-0.34%)
Bitcoin (BTC) Analysis
BTC has formed a descending channel along with a W pattern within it, both increasing the probability of a bullish move. However, for confirmation, we need a breakout and a candle closing above the resistance zone of 99,211 USD. If this breakout occurs, it could indicate bullish strength and potentially lead to targets of 102,273 USD and 105,352 USD.
Ethereum (ETH) Analysis
ETH has formed a descending channel, and within it, an inverse head and shoulders pattern with bullish divergence, both increasing the probability of a bullish move. However, for confirmation, we need a breakout and a candle closing above the resistance zone of 2,797 USD. If this breakout occurs, it could signal bullish strength and potentially lead to targets of 2,998 USD and 3,196 USD.
MultiversX (EGLD) Analysis
EGLD has formed a cup and handle pattern, increasing the probability of a bullish move. However, for confirmation, we need a breakout and a candle closing above the resistance zone of 25.04 USD. If this breakout occurs, it could trigger further upside momentum, with potential targets of 28.09 USD and 31.45 USD.
Chainlink (LINK) Analysis
LINK is approaching a key resistance trendline and has formed a W pattern with bullish divergence, both increasing the probability of a bullish move. However, for confirmation, we need a breakout and a candle closing above the resistance trendline and zone at 19.90 USD. If this breakout occurs, it could trigger further upside movement, with potential targets of 21.45 USD and 23.08 USD.
Dogecoin (DOGE) Analysis
DOGE has formed a cup & handle pattern with bullish divergence, increasing the probability of a bullish reversal. However, for confirmation, we need a breakout and a candle closing above the resistance zone of 0.2692 USD. If this breakout occurs, it could lead to further upside momentum, with potential targets of 0.2894 USD and 0.3129 USD.
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