Crypto analysis for BTC, ETH, EGLD, XRP and BNB - March 6, 2025
Crypto market in the last 24h:
🌐 Capitalizare globala: $3T (+1.81%)
📊 Volum total 24 ore: $114.67B (-23.36%)
💰 Volum DeFi: $7.32B (6.38% din volumul total)
🔒 Volum Stablecoins: $108.94B (95% din volumul total)
💵 Dominanta Bitcoin: 60.38% (-0.03%)
Bitcoin (BTC) Analysis
BTC has formed a rising wedge, which increases the probability of a bearish move. However, for confirmation of this pattern, we need a breakdown and candle closing below the support zone of 89894 USD, which can give us the targets of 86914 USD and 84610 USD.
Ethereum (ETH) Analysis
ETH is showing a resistive trendline and is currently in the process of forming a W pattern with bullish divergence. But for confirmation, we need a breakout and candle closing above the resistance zone of 2543 USD, which can give us the targets of 2848 USD and 3241 USD.
MultiversX (EGLD) Analysis
EGLD is currently forming a head and shoulders pattern along with a rising wedge, both of which increase the probability of a bearish move. But for confirmation, we need a breakdown and candle closing below the support zone of 20.89 USD, which can give us the targets of 20.02 USD and 19.21 USD.
Ripple (XRP) Analysis
XRP has formed a rising wedge, and if you closely watch its candles, you'll notice that the green candles are smaller than the red ones, indicating that bears are in control. But for confirmation of this pattern, we need a breakdown and candle closing below the support zone of 2.40 USD, which can give us the targets of 2.28 USD and 2.19 USD.
Binance Coin (BNB) Analysis
BNB has formed a descending channel and W pattern with bullish divergence and is also showing a seller trap. Together, all these factors are increasing the probability of a bullish move. But for confirmation, we need a breakout and candle closing above the resistance zone of 636.4 USD, which can give us the targets of 677.1 USD and 711.9 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.