Crypto analysis for BTC, ETH, EGLD, LINK and BNB - March 27, 2025
Crypto market in the last 24h:
š Global Market Cap: $2.76T (-3.34%)
š Total 24h Volume: $86.65B (+14.39%)
š° DeFi Volume: $6.41B (7.39% of total)
š Stablecoin Volume: $84.3B (97.28% of total)
šµ Bitcoin Dominance: 61.09% (+0.35%)
Bitcoin (BTC) Analysis
BTC has liquidity near the 92,000 USD level, which could act as a magnet for the price. Additionally, it is forming a bull flag pattern, increasing the probability of a bullish move. However, for confirmation, a breakout and candle closing above the resistance zone of 88,853 USD is required. If confirmed, this breakout could lead to potential targets of 90,364 USD and 92,054 USD.
Ethereum (ETH) Analysis
ETH appears bullish due to the formation of a cup and handle pattern. However, confirmation of this pattern requires a breakout and candle closing above the resistance zone of 2,038 USD. If confirmed, this breakout could lead to potential targets of 2,054 USD and 2,074 USD.
MultiversX (EGLD) Analysis
EGLD has formed a bull flag pattern, increasing the probability of trend continuation. Additionally, when considering its scenario alongside BTC, if BTC breaks out along with EGLD, the likelihood of EGLD reaching its targets will further increase. However, for confirmation, a breakout and candle closing above the resistance zone of 19.47 USD is required. If confirmed, this breakout could lead to potential targets of 19.81 USD and 20.12 USD.
Chainlink (LINK) Analysis
LINK appears bearish due to its prolonged consolidation under an ascending channel, indicating a lack of interest from buyers. If sellers step in, the probability of a bearish move will increase, as the price could start triggering the stop-losses of weak buyers. However, for confirmation, a breakdown and candle closing below the support zone of 14.87 USD is required. If confirmed, this breakdown could lead to potential targets of 13.86 USD and 12.61 USD.
Binance Coin (BNB) Analysis
BNB has exhibited a bull trap along with bearish divergence, indicating potential weakness. The price also appears to be forming a triple top pattern. If this pattern completes and the price breaks down and closes a candle below the support zone of 605 USD, the probability of a bearish move will increase. If confirmed, this breakdown could lead to potential targets of 577 USD and 551.4 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.