Greener Candles Crypto Market Analysis - 25/06/25
Greetings, traders!
I sincerely hope some of you find these analyses helpful, or at least get inspired in one way or another. For me, writing these is also a big part of the analysis itself. As they say, we learn and memorise information and what we read better when it is written down.
Today, I have gathered a basic approach I usually take daily when opening TradingView and starting to go through charts, moving from total crypto market caps to Bitcoin, Ethereum and finally, to see if altcoins stand any chance in the stormy markets.
Enjoy!
TOTAL
The Total Crypto Market Cap fell to test the important $3T support during the Sunday dip. It then bounced back up and is currently testing resistance at $3.25T, which seems to align with the 200 moving average as well.
TOTAL3
A similar situation is unfolding with TOTAL3, which displays total altcoin performance since BTC, ETH and stablecoins are excluded.
Even though the RSI hasn't reached the overbought zone on both of these charts, the volume is clearly declining, so based on that, I would be expecting a rejection and a short pullback before we get the volume to back up the next possible surge.
BTC
Meanwhile, Bitcoin is continuing its slow climb up but also with decreasing volume so I would be a bit cautious with this.
Still, I'd like to see Bitcoin closing somewhere above $107 (currently at $107.040), so we would get a higher high on the 4-hour chart. If we'd then get a pullback, a higher low around 103-104, and bounce back up from there, it would then confirm a new bullish structure.
BTC going up doesn't always help altcoins, though. As I am currently monitoring the alt charts while writing this, I can see most of them in the red again after yesterday's short pump.
BTC.D
By looking at the Bitcoin Dominance chart below, we can see a steady, strong upward movement, and although I was hoping to see a break of structure a couple of days ago, we instead got another higher high. Such strength doesn't look good for altcoins that could come tumbling down with a couple % BTC downward move.
ETHBTC
After consolidating for over a month, ETHBTC has now broken downward from the wedge and is now creating lower lows and lower highs. However, it's now testing the support at 0.002260, and obviously, we would like to see it bounce up from here and start creating a new bullish structure with daily higher highs and higher lows.
ETH
As for the ETH itself, it is now back in the familiar range where it has been trading for over a month.
Although this doesn't look that promising in the short term, the good thing is that ETH went down to fill the fair value gap, which I have been mentioning quite a lot in these posts. Now, when that is over with, perhaps that low is the start of a bigger leg up in the long term.
Trades
After this short analysis session, I wouldn't be that bullish in the short term just by looking at charts. On the fundamental level, things are looking much brighter now that the war FUD has eased quite a bit.
Still, I've decided not to open any longs at the moment. However, in my yesterday's post, I mentioned this Injective(INJ) trade I was planning to take, and yes, it's still on the table:
Now, based on my market analysis above, I've decided to abandon the first option of going long with INJ as I'm expecting a pullback.
However, the second one (lower arrow) is starting to look pretty appealing. After INJ just made a higher high, a drop and a bounce from $10.5 would create a higher low, which would begin to look like the start of a bullish structure and a great spot to go long.
On the other hand, if we bounce above from here where we are now, I would wait for a retest and look for an entry at $11.8.
That's all for today, don't forget to follow for more trading, airdrop farming & defi content. Thank you for reading!
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