Crypto analysis for BTC, ETH, EGLD, LINK and SUI - July 28, 2025
Crypto market in the last 24 hours:
🌐 Global Market Cap: $3.95T (+1.36%)
📊 Total 24h Volume: $162.65B (+35.71%)
💰 DeFi Volume: $42.26B (25.99% of total volume)
🔒 Stablecoins Volume: $154.68B (95.10% of total volume)
💵 Bitcoin Dominance: 60.0% (-4.87%)
Bitcoin (BTC) Analysis
BTC has broken down from an ascending channel while also showing bearish divergence, both increasing the probability of a bearish move. However, confirmation is still required through a breakdown and candle closing below the support zone at 118,516 USD. If this level is breached, further downside may follow with potential targets at 117,756 USD and 116,996 USD.
Ethereum (ETH) Analysis
ETH has formed an ascending channel, which increases the probability of a bearish move. For stronger confirmation, it would be ideal to see a Head and Shoulders–type pattern develop. If a breakdown and candle closing below the support zone at 3,844 USD occurs, it would validate the bearish setup and open the way toward targets at 3,802 USD and 3,762 USD.
MultiversX (EGLD) Analysis
EGLD has shown a bearish Change of Character (CHoCH) and is currently pulling back toward the resistance zone, increasing the likelihood of rejection. If price fails to break through the resistance at 17.14 USD and shows signs of rejection, a bearish move may follow, with potential targets at 16.35 USD and 15.53 USD.
Chainlink (LINK) Analysis
LINK has formed an ascending channel along with bearish divergence, both of which increase the probability of a bearish move. For confirmation, a breakdown and candle closing below the support zone at 18.92 USD is needed. If this level breaks, it could trigger a move toward 18.48 USD and 18.07 USD.
Sui (SUI) Analysis
SUI has broken below its supportive trendline, trapped buyers, and formed an M pattern with bearish divergence—all signaling a possible bearish move. However, confirmation is still required via a breakdown and candle closing below the support zone at 4.21 USD. If that happens, downside targets could be 4.06 USD and 3.94 USD.
📈 Our Short-Term Estimates (96H)
Disclaimer: These are our personal opinions, not financial advice. We invest our own money — and sometimes we lose. DYOR!
- BTC - 1% to 2% - DOWN - Ascending channel + bearish divergence
- ETH - 1% to 3%- UP - Bullish trend
- BNB - 2% to 4%- UP - Bullish market structure
- AVAX - 2% to 4%- UP - Bullish breakout
- DOGE - 2% to 4%- DOWN - Pullback expected
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