Explore Crypto Insights: Bitcoin, Ethereum, MultiversX, Doge, and Pepe

Crypto market in the last 24h:

🌐 Market Cap: €1.29T (↑3.35% in the last day)
📊 Total 24h Market Volume: €57.31B (↑39.04%)
🚀 DeFi Volume: €5.63B (9.82% of total 24h volume)
💰 Stable Coin Volume: €50.41B (87.96% of total 24h volume)
🔝 Bitcoin Dominance: 52.36% (↑0.66% in the last day)

Bitcoin (BTC) Analysis

BTC/EUR shows bullishness on the daily timeframe, indicating the potential for bullish opportunities. Currently, the price action is forming a Bullish flag and pole pattern, with significant consolidation indicating the presence of numerous trapped positions in BTC. When these positions begin to close, it may trigger a one-sided move. BTC has already broken out of the flag and pole pattern. Our attention now turns to waiting for the candle to close above the 33,980 Euro level, which could pave the way for targets at the 36,000 Euro and 38,000 Euro levels.

Ethereum (ETH) Analysis

ETH/EUR currently formed a rising wedge pattern, & showing rejection from the upper trendline. If the price drops below the 1,759 Euro level, we can expect a potential selling pressure, potentially driving the price towards the lower trendline of the rising wedge at the level of 1,737 Euro. If this level also gets breaks, it could signal a move towards the second target of 1,694 Euro.

MultiversX (EGLD) Analysis

EGLD/EUR is currently hovering near the previous resistance area at 47.22 Euro, exhibiting signs of rejection from this point. However, if it manages to break out above this area and closes a candle above it, we can anticipate potential targets of 52.59 Euro and 56.88 Euro. On the other hand, for a potential selling opportunity, the price would need to break down below the level of 33.95 Euro, potentially leading to targets of 29.36 Euro and 26.65 Euro.

Dogecoin (DOGE) Analysis

DOGE/EUR is currently shaping a W pattern, along with bullish divergence in the daily timeframe. This shift from a trend of lower lows to higher highs indicates a potential reversal. Additionally, the bullish divergence indicates increasing volumes despite the price remaining in a particular zone. To confirm this pattern, we would need a breakout above the level of 0.07510 Euro, potentially leading to targets of 0.08590 Euro and 0.09287 Euro.

Pepe (PEPE) Analysis

PEPE/EUR is currently displaying an inverse head and shoulders pattern, a bullish reversal pattern. To confirm this pattern, we would need a breakout above the level of 0.000001292 Euro, potentially leading to targets of 0.000001415 Euro and 0.000001514 Euro. On the selling side, if the price breaks down below the level of 0.000000998 Euro, it could invalidate the inverse head and shoulder pattern and form the M pattern, signalling potential targets of 0.00000885 Euro and 0.000000788 Euro.

Do you agree with our analysis and interpretation?

Want to learn more or have a different perspective?

Let's discuss it in the Tradesilvania community 👉 Telegram Group

All cryptocurrencies are available for trading on Tradesilvania , and their prices can be seen on the Tradesilvania price page, accessible through the following link: https://tradesilvania.com/en/prices

With the help of our platform, you can deposit, withdraw, buy, or sell any of these cryptocurrencies using the free digital wallet.

SEPA Top-up (On-Ramp & Off-Ramp) Euro and RON instant transfers and over 100 cryptocurrencies, are all available trought our app.

Limitation of Liability

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.

The content provided on the Tradesilvania website is for informational purposes only and should not be considered as investment advice, financial advice, trading advice, or any other form of advice. We do not endorse or recommend the buying, selling, or holding of any cryptocurrency. It is important that you conduct your own research and consult with a financial advisor before making any investment decisions. We cannot be held responsible for any investment choices made based on the information presented on our website.

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.

Total or partial reproduction of this report is permitted only by mentioning the source.