Crypto analysis for BTC, ETH, EGLD, PEPE and LTC

Crypto market in the last 24 hours:

🌐 Global Market Cap: $4.02T (-2.11%)
📊 24h Total Volume: $281.96B (+23.53%)
💰 DeFi Volume: $50.12B (17.78% of total volume)
🔒 Stablecoins Volume: $266.27B (94.42% of total volume)
💵 Bitcoin Dominance: 58.9% (-4.46%)

Bitcoin (BTC) Analysis

BTC is maintaining a bullish market structure and is supported by both a trendline and the support zone at 118,704 USD. This confluence increases the probability of a bullish un breakout. However, confirmation would require the formation of bullish patterns on the support zone in lower time frames. If confirmed, potential upside targets are 120,237 USD and 122,189 USD.

Ethereum (ETH) Analysis

ETH has formed an ascending channel accompanied by bearish divergence, which increases the probability of a bearish move. For confirmation, a breakdown and candle closing below the support zone at 4,696 USD is required. If confirmed, this could lead to potential downside targets at 4,605 USD and 4,512 USD.

MultiversX (EGLD) Analysis

EGLD has trapped late buyers and is now forming a Head and Shoulders–type structure, accompanied by bearish divergence. A pullback to form the right shoulder would strengthen this setup. For confirmation, a breakdown and candle closing below the support zone at 16.39 USD is required. If confirmed, this could lead to potential downside targets at 16.06 USD and 15.63 USD.

Pepe (PEPE) Analysis

PEPE is showing a bearish outlook as it forms an M pattern accompanied by bearish divergence, both of which increase the probability of a downside move. For confirmation, a breakdown and candle closing below the support zone at 1,107 USD is required. If confirmed, this could lead to potential downside targets at 1,019 USD and 949 USD.

Litecoin (LTC) Analysis

LTC has formed an M pattern accompanied by bearish divergence, which increases the probability of a bearish move. For confirmation, a breakdown and candle closing below the support zone at 128.22 USD is required. If confirmed, this could lead to potential downside targets at 124.30 USD and 120.89 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 - Pullback expected (RISKY)
ETH - 1% to 3%- DOWN - Pullback expected
SUSHI - 2% to 4%- DOWN - Pullback expected
FLOKI - 2% to 4%- DOWN - Double top
LTC- 2% to 4%- DOWN - M pattern

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This report issued by Tradesilvania is purely informative and is not intended to be used as a tool for making investment decisions in crypto-assets. Any person who chooses to use this report in the process of making investment decisions assumes all related risks. Tradesilvania SRL has no legal or other obligation towards the person in question that would derive from the publication of this report publicly.

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The information in this report was obtained from public sources and is considered relevant and reliable within the limits of publicly available data. However, the value of the digital assets referred to in this report fluctuates over time, and past performance does not indicate future growth.