Crypto Market in the last 24h

📉 Global Market Cap: 3.08T USD (2.92% ▼)
📊 Total Market Volume (24h): 156.25B USD (4.23% ▲)
💧 DeFi Volume: 17.42B USD (11.15% of total) (▲)
🪙 Stablecoins Volume: 136.42B USD (87.30% of total) (▲)
🟧 Bitcoin Dominance: 58.62% (0.09% ▲)

Bitcoin (BTC) analysis

BTCUSD has formed a descending channel after a strong bullish continuation move, which also gives it the structure of a bull flag, increasing the probability of further upside. However, confirmation is needed.
Confirmation comes from a breakout and candle closing above the resistance zone at 94,092 USD, after which the price may target 96,141 USD and 98,256 USD.

Ethereum (ETH) analysis

ETHUSD has formed a rising wedge, a bearish pattern that increases the probability of a downside move. Confirmation comes only after a breakdown and candle closing below the 3,012 USD support zone.
If this level breaks, the price may move toward the targets of 2,795 USD and 2,601 USD.

MultiversX (EGLD) analysis

EGLDUSD has broken its supportive trendline and formed an M pattern, a bearish structure indicating increased probability of continuation to the downside.
For confirmation, we need a breakdown and candle closing below the 7.57 USD support zone.
If this level is invalidated, the next potential targets are 7.14 USD and 6.72 USD.

Sushi (SUSHI) analysis

SUSHIUSD has formed a descending channel along with bullish divergence, both supporting a potential upward move, but only after confirmation.
A breakout and candle closing above the 0.36852382 USD resistance zone validates the W pattern and strengthens the bullish bias.
In this scenario, targets may extend toward 0.43679634 USD and 0.50770111 USD.

Aave (AAVE) analysis

AAVEUSD has formed a rising wedge together with bearish divergence, both suggesting increased probability of a downward move.
Confirmation comes through a breakdown and candle closing below the 181.38 USD support zone, after which the price may target 165.72 USD and 150.09 USD.

ESTIMATION 96H

Quick short-term interpretation based on the current market structure:

• BTCUSD – 96H – 1% to 2% UP – at support
• ETHUSD – 96H – 1% to 3% DOWN – liquidity available below
• DOGEUSD – 96H – 2% to 4% DOWN – liquidity available below
• AVAXUSD – 96H – 2% to 4% DOWN – liquidity available below
• LTCUSD – 96H – 2% to 4% DOWN – liquidity available below

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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.