Crypto analysis for BTC, ETH, EGLD, SOL and DOT - March 24, 2025
Crypto market in the last 24h:
š Global Market Cap: $2.87T (+3.04%)
š 24h Total Volume: $69.98B (+60.59%)
š° DeFi Volume: $6.56B (9.37% of total volume)
š Stablecoins Volume: $66.73B (95.36% of total volume)
šµ Bitcoin Dominance: 60.70% (+0.23%)
Bitcoin (BTC) Analysis
BTC has followed our previous bullish signal, but it is now forming a rising wedge pattern, which is a bearish structure. If the price breaks down and closes a candle below the support zone of 83174 USD, it will increase the probability of a bearish move and could give us the targets of 79852 USD and 76663 USD.
Ethereum (ETH) Analysis
ETH has formed a bear flag and is about to show bearish divergence, which together increase the probability of a bearish move. But for confirmation, we need a breakdown and candle closing below the support zone of 1926 USD, which will further strengthen the bearish outlook and could give us the targets of 1838 USD and 1762 USD.
MultiversX (EGLD) Analysis
EGLD has broken the resistive trendline, consolidated, and then formed an inverse head & shoulders, which is increasing the probability of a bullish move. But for confirmation, we need a breakout and candle closing above 19.36 USD, which can give us the targets of 21.15 USD and 22.98 USD.
Solana (SOL) Analysis
SOL is looking bullish as it has formed a W pattern with bullish divergence, increasing the probability of a bullish move. However, for confirmation, we need a breakout and candle closing above the resistance zone of 137.97 USD, which can give us the targets of 150.22 USD and 165.84 USD.
Polkadot (DOT) Analysis
DOT has taken liquidity, broken out of the resistive trendline, and formed an inverse head & shoulders with bullish divergence, increasing the probability of a bullish move. However, for confirmation, we need a breakout and candle closing above the resistance zone of 4.68 USD, which can give us the targets of 5.27 USD and 5.92 USD.
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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.