Crypto market evolution in the last 24 hours
🌍 Total crypto market cap: 2.51T USD (+2.95% ↑)
📊 Total crypto trading volume 24h: 101.83B USD (+90.05% ↑)
🏦 DeFi volume 24h: 10.74B USD | 10.55% of total market volume (+10.55% ↑)
💵 Stablecoin volume 24h: 98.27B USD | 96.50% of total market volume (+96.50% ↑)
₿ Bitcoin dominance: 58.58% (-0.24% ↓)
Bitcoin (BTC)
BTCUSD on the 4H timeframe is trading inside a rising wedge, with bearish divergence on MACD, while price recently bounced from the 70,049 USD (64,400.08 EUR) support zone. The price is currently around 73,900 USD (67,988 EUR) and approaching the upper boundary of the wedge.
If the 70,049 USD (64,400.08 EUR) support breaks, it could trigger a bearish continuation toward 66,865 USD (61,510. – approx) and 63,778 USD (58,670. – approx). If the support holds, the market may enter a short-term consolidation phase before the next directional move.
Ethereum (ETH)
ETHUSD on the 4H timeframe is trading inside an ascending channel, with bearish divergence on MACD, after recently bouncing from the 2,048 USD (1,884.16 EUR) support zone.
The price is currently around 2,278 USD (2,095.76 EUR), near the upper boundary of the channel. If the 2,048 USD (1,884.16 EUR) support breaks, it could trigger a bearish continuation toward 1,935 USD (1,780.20 EUR) and 1,806 USD (1,661.52 EUR).
MultiversX (EGLD)
EGLDUSD on the 4H timeframe is approaching the 5.01 USD (4.61 EUR) resistance zone, which has acted as a strong supply area in the past.
The price is currently around 4.38 USD (4.03 EUR) after a recent bounce. If a bearish rejection forms near the 5.01 USD (4.61 EUR) resistance, it could trigger a downside move toward 4.67 USD (4.30 EUR) and 4.31 USD (3.96 EUR).
A strong breakout above 5.01 USD (4.61 EUR) would weaken the bearish outlook.
Chainlink (LINK)
LINKUSD on the 4H timeframe is trading inside an ascending channel after forming a bearish flag and pole structure, while price recently bounced from the 8.81 USD (8.10 EUR) support zone.
The price is currently around 9.72 USD (8.94 EUR) near the upper boundary of the channel. If the 8.81 USD (8.10 EUR) support breaks, it could trigger a bearish continuation toward 8.35 USD (7.68 EUR) and 7.92 USD (7.29 EUR).
If the support holds, the market may enter short-term consolidation before the next move.
XRP (XRP)
XRPUSD on the 4H timeframe is forming an inverse head and shoulders pattern and is approaching the 1.49 USD (1.37 EUR) resistance zone, which acts as the neckline of the structure.
The price is currently around 1.47 USD (1.35 EUR). A strong breakout and close above 1.49 USD (1.37 EUR) could confirm bullish continuation toward 1.59 USD (1.46 EUR) and 1.70 USD (1.56 EUR).
A rejection from this level could lead to short-term consolidation before the next move.
Market estimation (96H outlook)
BTCUSD
96H | 1% – 2% | UP
Consolidating near 70,000 USD (64,400 EUR) with liquidity building above resistance and macro liquidity signals in focus.
ETHUSD
96H | 1% – 3% | UP
Relative strength versus BTC with continuation momentum after the recent recovery phase.
EGLDUSD
96H | 2% – 4% | UP
Potential breakout from a falling wedge pattern.
AVAXUSD
96H | 2% – 4% | UP
Accumulation structure forming within a symmetrical triangle, with breakout potential.
ADAUSD
96H | 2% – 4% | UP
Symmetrical triangle compression suggesting increasing breakout pressure.
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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.