Crypto analysis for BTC, ETH, EGLD, PEPE and XRP - May 02, 2025
Crypto market in the last 24h:
š Capitalizare globala: $3.01T (+0.13%)
š Volumul total 24 ore: $81.46B (-1.04%)
š° Volum DeFi: $5.26B (6.46% din volumul total)
š Volum Stablecoins: $76.74B (94.21% din volumul total)
šµ Dominanta Bitcoin: 63.86% (+0.29%)
Bitcoin (BTC) Analysis
BTC is increasing the probability of a bearish move due to the presence of a triple top pattern, rising wedge, and bearish divergence. These signals together strengthen the bearish bias. However, for confirmation, we need a breakdown and candle closing below the support zone of 92,976 USD. If that happens, we can expect targets at 89,553 USD and 86,438 USD.
Ethereum (ETH) Analysis
ETH has formed an ascending channel and is also showing bearish divergence, both of which increase the probability of a bearish move. Confirmation would come from a breakdown and candle closing below the support zone of 1,724 USD. If confirmed, the next expected targets are 1,660 USD and 1,604 USD.
MultiversX (EGLD) Analysis
EGLD is showing bullish potential due to a sellers trap, supported by a W pattern and bullish divergence. These factors together raise the probability of a bullish move. For confirmation, we need a breakout and candle closing above the resistance zone of 17.70 USD. If confirmed, the next targets would be 18.37 USD and 19.01 USD.
Pepe (PEPE) Analysis
PEPE has formed a head and shoulders pattern along with bearish divergence, which increases the likelihood of a bearish scenario. For confirmation, we need a breakdown and candle closing below the support zone of 0.00000834 USD. If that happens, we can expect price targets at 0.00000765 USD and 0.00000702 USD.
Ripple (XRP) Analysis
XRP is showing signs of a buyers trap and has developed an ascending channel. Inside this channel, an M pattern has formed along with bearish divergence, which adds weight to a bearish outlook. Confirmation would require a breakdown and candle closing below the support zone of 2.1174 USD. If confirmed, targets are set at 1.9534 USD and 1.8156 USD.
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