Crypto analysis for BTC, ETH, EGLD, XRP and SUI - March 10, 2025
Crypto market in the last 24h:
š Global Market Cap: $2.73T (-3.09%)
š Total Volume 24h: $111.15B (+119.19%)
š° DeFi Volume: $6.88B (6.19% of total volume)
š Stablecoins Volume: $103.9B (93.48% of total volume)
šµ Bitcoin Dominance: 60.23% (-0.11%)
Bitcoin (BTC) Analysis
BTC has formed a descending channel with bullish divergence and an inverse head & shoulders pattern, increasing the probability of a reversal from this level. However, for confirmation, we need a breakout and a candle closing above the resistance zone of 83,739 USD, which can lead to targets of 85,878 USD and 87,924 USD.
Ethereum (ETH) Analysis
ETH has formed a descending channel with bullish divergence, increasing the probability of a bullish move. However, for confirmation, we need a breakout and a candle closing above the resistance zone of 2,330 USD so that it starts forming higher highs and higher lows, further increasing the probability of reaching targets of 2,557 USD and 2,849 USD.
MultiversX (EGLD) Analysis
EGLD has formed a bear flag pattern, increasing the probability of a bearish trend continuation. However, for confirmation, we need a breakdown and a candle closing below the support zone of 17.96 USD, which can lead to targets of 17.49 USD and 17.02 USD.
Ripple (XRP) Analysis
XRP is looking bearish due to the head & shoulders pattern combined with bearish divergence. However, for confirmation, we need a breakdown and a candle closing below the support zone of 1.8037 USD, which can lead to targets of 1.3623 USD and 1.0134 USD.
Sui Analysis
SUI has formed a descending channel with bullish divergence, and if the price bounces from the current level, it will also complete a W pattern. These factors together increase the probability of a bullish move. However, for confirmation, we need the W pattern to fully form, followed by a breakout and a candle closing above the resistance zone of 3.08 USD, which can lead to targets of 3.81 USD and 4.73 USD.
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