Crypto analysis for BTC, ETH, EGLD, SUSHI and LINK - April 14, 2025
Crypto market in the last 24h:
🌐 Global Market Cap: $2.69T (-0.26%)
📊 24h Total Volume: $84.88B (+10.98%)
💰 DeFi Volume: $8.43B (9.93% of total)
🔒 Stablecoins Volume: $78.52B (92.51% of total)
💵 Bitcoin Dominance: 62.51% (+0.14%)
Bitcoin (BTC) Analysis
Bitcoin could turn bearish as it’s currently showing bearish divergence and is in the process of forming an M pattern. If this pattern completes and the price breaks down and closes a candle below the support zone at 82,779 USD, it would confirm the bearish setup and significantly increase the probability of a downward move. If confirmed, potential downside targets would be around 80,132 USD and 77,708 USD.
Ethereum (ETH) Analysis
Ethereum has formed a bear flag — a pattern that typically signals trend continuation, suggesting a potential continuation of the bearish trend. However, for confirmation, we need a breakdown and a candle close below the support zone at 1,544 USD. If confirmed, potential downside targets are 1,402 USD and 1,293 USD.
MultiversX (EGLD) Analysis
EGLD is showing bearish potential as it has formed a head and shoulders pattern near the top, increasing the probability of a downward move. However, for confirmation, we need both a breakdown in BTC and a breakdown with a candle close below the support zone at 13.78 USD. If this scenario is confirmed, downside targets could be around 13.28 USD and 12.83 USD.
SushiSwap (SUSHI) Analysis
SUSHI has formed an ascending channel following a bearish move — which increases the likelihood of a bearish continuation. For confirmation, we need a breakdown and a candle close below the support zone at 0.54065341 USD. If this happens, potential targets could be 0.51131297 USD and 0.48356479 USD.
Chainlink (LINK) Analysis
LINK is showing bearish potential with a head and shoulders pattern combined with bearish divergence — both increasing the probability of a downward move. To confirm this setup, we need a breakdown and a candle close below the support zone at 12.35 USD. If confirmed, the next downside targets are 11.85 USD and 11.40 USD.
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