Market update and analysis for BTC, ETH, EGLD, AVAX and PEPE - July 1, 2024
Crypto Market in the last 24h:
š Global Market Cap: $2.33T (+3.67%)
š Total 24h Volume: $53.06B (+51.80%)
š° DeFi Volume: $3.78B (7.13% of total volume)
š Stablecoins Volume: $49.17B (92.67% of total volume)
šµ Bitcoin Dominance: 53.59% (+0.19%)
Bitcoin (BTC) Analysis
BTC has broken out of a W pattern, indicating a potential bullish move. However, there is a resistance level above the current price that needs to be overcome for further bullish momentum.
For confirmation of continued bullish movement, the price needs to break out above the resistance level at 64,577 USD. This breakout can lead to targets of 66,573 USD and 68,941 USD.
Ethereum (ETH) Analysis
ETH is showing strong potential for a bullish move after breaking out of the descending channel and forming a W pattern. Watch for a breakout above 3,545 USD to confirm the bullish move, targeting 3,669 USD and 3,793 USD.
MultiversX (EGLD) Analysis
EGLD is showing strong potential for a bullish move after breaking out of the resistive trendline and forming a W pattern or triple bottom with bullish divergence. Watch for a move above 30.73 USD to confirm the bullish move, targeting 32.10 USD and 33.57 USD.
Avalanche (AVAX) Analysis
AVAX has broken out of a resistive trendline and formed an inverse head and shoulders pattern with bullish divergence. These factors increase the probability of a bullish move.
For confirmation of the bullish move, the price needs to break out above the level of 30.68 USD. This breakout can lead to targets of 33.99 USD and 37.27 USD.
Pepe (PEPE) Analysis
PEPE is showing strong potential for a bullish move after breaking out of the descending channel and forming an inverse head and shoulders pattern with bullish divergence. Watch for a breakout above 1,276 USD to confirm the bullish move, targeting 1,387 USD and 1,493 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.