Market update and analysis for BTC, ETH, EGLD, AAVE and SUI - June 27, 2024
Crypto Market in the last 24h:
š Global market cap: $2.25T (-1.10%)
š Total 24h volume: $56.35B (-12.28%)
š° DeFi volume: $4.2B (7.45% of total volume)
š Stablecoins volume: $51.99B (92.25% of total volume)
šµ Bitcoin dominance: 53.33% (-0.07%)
Bitcoin (BTC) Analysis
BTC might be poised for a pullback, and the bias is bullish. For confirmation, we need to see bullish patterns, such as a W pattern. A breakout above the resistance zone at 62,494 USD would be considered a Change of Character (CHoCH) towards the bullish side.
For confirmation of this bullish scenario, the price needs to break out above the resistance zone of 62,494 USD. This breakout would likely lead to gains towards the targets of 63,461 USD and 64,412 USD.
Ethereum (ETH) Analysis
ETH is currently at a critical juncture, offering opportunities for both bullish and bearish moves. Watch for a breakout above 3,425 USD to confirm the bullish W pattern, targeting 3,459 USD and 3,489 USD. Conversely, a breakdown below 3,337 USD will confirm the bearish M pattern, targeting 3,310 USD and 3,287 USD.
MultiversX (EGLD) Analysis
EGLD is currently following a resistive trendline. If the price breaks this trendline and the resistance zone at 30.73 USD, it will be considered a bullish signal.
For confirmation of this bullish move, the price needs to break out above the resistance zone of 30.73 USD. This breakout can lead to targets of 32.151 USD and 33.46 USD.
Aave (AAVE) Analysis
AAVE is showing potential for a bullish reversal due to the inverse head and shoulders pattern. Watch for a breakout above 94.63 USD to confirm the bullish move, with targets at 102.73 USD and 108.29 USD.
Sui (SUI) Analysis
SUI is looking bearish due to the formation of an M pattern. However, confirmation is needed to validate this bearish outlook.
For confirmation of the bearish move, the price needs to break down below the level of 0.81835736 USD. This breakdown can lead to targets of 0.78760615 USD and 0.75972018 USD.
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 in 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.