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

Crypto market in the last 24 hours:

🌐 Global Market Cap: $3.99T (+1.93%)
📊 Total 24h Volume: $157.14B (-16.62%)
💰 DeFi Volume: $19.89B (12.65% of total volume)
🔒 Stablecoin Volume: $151.67B (96.58% of total volume)
💵 Bitcoin Dominance: 57.3% (-1.59%)

Bitcoin (BTC) Analysis

BTC is forming an M pattern with bearish divergence from the resistance zone, which increases the probability of a bearish move. For confirmation, we need a breakdown and candle close below the support zone of 114,767 USD. If this happens, the next downside targets could be 113,143 USD and 111,431 USD.

Ethereum (ETH) Analysis

ETH looks bullish as it remains in an uptrend and has formed a bull flag, which increases the probability of trend continuation. For confirmation, we need a breakout and candle close above the resistance zone of 4,691 USD. If this happens, the next upside targets are 4,778 USD and 4,868 USD.

MultiversX (EGLD) Analysis

EGLD is approaching a breakdown of the ascending channel, which increases the probability of a bearish move. For confirmation, we need a candle close below the channel’s supportive trendline, followed by a retest of the 14.33 USD level. If confirmed, downside targets could be 13.93 USD and 13.51 USD.

Sui (SUI) Analysis

SUI has already broken down from the ascending channel, which increases the probability of a bearish move. However, for confirmation, we also need a breakdown and candle close below the support level of 3.51 USD. If this occurs, downside targets are 3.35 USD and 3.15 USD.

Litecoin (LTC) Analysis

LTC has broken down from the ascending channel and has now formed a head & shoulders pattern, all of which increase the probability of a bearish move. For confirmation, we need a breakdown and candle close below the support zone of 113.05 USD, which could open downside targets at 109.88 USD and 106.55 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 - At Resistance
ETH - 1% to 3%- DOWN - Follows BTC
LINK - 2% to 4%- DOWN - Fakeout
AVAX - 2% to 4%-UP - At support
ADA - 2% to 4%- DOWN - Breakdown

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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.