BTC/USDT
In a week that saw Bitcoin move sideways and upwards, the crypto market suffered one of the sharpest declines in its history as markets closed over the weekend. The market, which previously faced intense selling pressure following the FTX and Luna crises, made history this time by recording a sharp decline in the context of D. Trump’s tariffs on Canada, Mexico and China. Total market capitalization fell to $2.8 trillion, while Bitcoin dominance approached 65%, testing this territory for the first time since 2021.
When we look at the technical outlook from a daily perspective, BTC, which lost 7.26% on a weekly basis, seems to be in an effort to recover. BTC, which started last week around 105,000, fell as low as 91,200 and is currently trading at 94,650, just below the 95,000-resistance level. When we look at the technical oscillators, it is seen that after moving in the overbought zone for a long time on the daily chart, it has turned its direction down by maintaining the sales signal. While the momentum indicator has been in the positive zone since mid-January, it seems to have moved into the negative zone as of today. While persistence above the 95,000-resistance level plays an important role in bullish movements, closures below this level may once again increase selling pressure and the 91,800 level may come back on the agenda.
Supports 91,800 – 90,000 – 88,000
Resistances 95,000 – 98,800 – 101,200
ETH/USDT
In recent days, the impact of global economic developments on the markets has become quite evident. Following US President Donald Trump’s announcement of new tariffs on Mexico, Canada and China in his speech last week, traditional financial markets witnessed a sharp sell-off. Deep declines in the Nasdaq and Russell 2000 indices led to a drop in investor confidence and outflows from risky assets. This process also negatively affected the cryptocurrency market, leading to sharp pullbacks in many altcoins, especially Ethereum. ETH took a needle down to the $2,120 level during this sharp bearish wave and is currently priced above the $2,500 level. However, a detailed analysis of the price action shows that the market is yet to signal a clear recovery.
The Bitcoin Dominance (BTC.D) metric, which shows Bitcoin’s weight on the market, rose above 61%, producing a negative signal for the altcoin market. Historically, rises in BTC dominance are often associated with weakness in the altcoin market. In particular, in scenarios where Ethereum loses value against Bitcoin, the overall altcoin market has also seen increased pressure. If dominance remains at these levels, there is a risk of further weakness in Ethereum and other altcoins. Several important metrics stand out when analyzing Ethereum’s current price movements. Looking at the Cumulative Volume Delta (CVD) data, it is observed that spot selling pressure continues at high levels. The fact that spot sales are so strong shows that investors are risk averse. Relative Strength Index (RSI) fell to its lowest level since August and entered the oversold zone. However, no strong reaction buying has been observed yet, so there is no clear signal of a turnaround. Historically, RSI’s prolonged stay in oversold territory indicates weak buying pressure. Therefore, a strong volume inflow is needed for prices to rebound. The Chaikin Money Flow (CMF) metric is pointing to liquidity inflows with a slight rebound after falling into negative territory. However, this reaction was not strong enough, maintaining the overall fragility in the market. A move into positive territory would provide a more reliable signal that an upside move could be sustainable. Looking at the kumo cloud of the Ichimoku indicator, it appears that the cloud continues to thin out, supporting the bearish trend. The thinning of the kumo cloud usually indicates that the price is in an uncertain zone and there is not enough momentum for a strong trend reversal. The points where Kumo converges with support levels should be monitored for potential bottom formations.
When we analyze Ethereum’s price action, there are important levels to follow. Exceeding the $2,781 level could change the market perception positively and keep the declines as a correction. Pricing above this level could create a positive momentum for Ethereum. Looking at the support levels, $2,500 is the critical area where the price is currently holding and a loss of this level could accelerate the declines. Further down, the $2,115 level is the previous bottom and is likely to be retested in the event of a downside breakout. Going forward, Ethereum’s pricing and market dynamics will continue to be shaped by both global macro developments and Bitcoin’s price action.
Supports 2,501 – 2,368 – 2,114
Resistances 2,781 – 2,992 – 3,131
XRP/USDT
Following US President Donald Trump’s speech last week announcing new tariffs on Mexico, Canada and China, global markets have experienced serious selling waves. These negative developments in traditional markets also deeply affected the cryptocurrency market, causing sharp pullbacks. XRP was also affected by this selling pressure and fell as low as $1.79. However, from this point on, it quickly recovered by receiving a strong buying response and managed to rise above the $ 2.30 level again. This rise shows that buyer interest in the market is still strong and XRP has found support at certain critical levels.
Analyzing the technical indicators, XRP’s price action continues to maintain the important levels of the Ichimoku cloud. As long as the price does not violate the Kumo cloud, the trend will remain positive in the medium term. In particular, Tenkan-Sen and Kijun-Sen levels are not diverging from each other, indicating that the market has not yet entered a sharp downtrend and continues to maintain stability. However, other important technical indicators should also be analyzed to assess the overall market situation. The Chaikin Money Flow (CMF) indicator remains strong in positive territory, indicating that liquidity has not retreated and investor interest continues. This suggests that current price levels are being maintained by buyers and that there is no major outflow of funds into XRP. The fact that CMF is in positive territory can be considered as a positive signal that the market is not under deepening selling pressure and that there are strong buying zones at certain levels. On the other hand, the Relative Strength Index (RSI) indicator is still showing a weak outlook. The RSI is heading towards the oversold area, indicating that the selling pressure has not yet fully subsided. Moreover, the fact that the RSI has not produced a strong reversal signal so far suggests that the current rebound is yet to be fully confirmed. Therefore, for XRP to return to the uptrend, a rebound signal on the RSI and a move to higher levels are required.
Considering XRP’s price levels, the $2.02 region is critical as Ichimoku cloud support. Maintaining this level is necessary for the short-term recovery to continue in the market. In case the $2.47 level is broken to the upside, a new uptrend for XRP can be expected to start and the price may move towards the $2.75 level. However, A close below the $2.02 level could increase selling pressure on XRP, leading to deeper declines and causing the price to retreat to the $1.85 level.
Supports 2.2682 – 2.0201 – 1.6309
Resistances 2.4719 – 2.5391 – 2.6561
SOL/USDT
Last week, Solana’s market capitalization surged by $28 billion in 30 days on Trump’s crypto initiatives. But network congestion and 10x transaction fees revealed scalability issues. SVM blockchains were introduced to improve scalability and interoperability. ETF filings remained on the agenda this week. The Cboe BZX Exchange moved again for a spot Solana ETF in the US after resubmitting 19b-4 applications on behalf of Bitwise, VanEck, 21Shares and Canary Capital. Tuttle Capital has proposed 10 crypto ETFs, including a leveraged Solana product. Coinbase derivatives filed to launch Solana futures with the US CFTC. The crypto exchange aims to launch $25,000 SOL derivatives as the token’s volatility increases. Announced a strategic investment with Mcqueen Labs Inc. for real-world asset tokenization on the Solana blockchain. Solana-Based Social-Fi Protocol Tribe.Run Launches FriendTech-inspired social-fi protocol allows users to buy and sell access to token-gated chats on Solana. Blackrock-backed Securitize partnered with Wormhole to bring $1.3 Billion in loan funding to Solana. Pump.fun, on the other hand, has filed a class action lawsuit alleging unregistered securities sales. According to court documents, the Solana-based meme coin platform allegedly operated an unauthorized securities exchange. As for Onchainde, according to Defillama’s data, Solana’s blockchain has issued $11 billion worth of stablecoins, led by major players such as USDC and USDT. According to Spot On Chain, stablecoin issuer Circle minted another 250 million USDC on Solana just hours ago. This brings the total USDC minted on Solana in 2025 to $6 billion, including $1.25 billion USDC in the past week alone, indicating a massive inflow of funds into the crypto market. However, Solana has captured 50% of the decentralized exchange (DEX) market share thanks to its retail trading activity and low transaction costs. Since its launch, Pump.fun has processed a total of $4.16 billion in transactions and minted 6.7 million tokens. The platform also accumulated 2.5 million SOL fees and unique addresses reached 11.6 million. On the other hand, Solana will launch approximately $450 million worth of coins in a linear unlock in February at the price at the time of writing.
SOL, which has been fluctuating since the beginning of last week, moved horizontally at the beginning of the week. However, it fell sharply over the weekend, losing about 15% of its value. The asset tested the 241.14 level 3 times but failed to break it and started to decline. The price is located between the 50 EMA (Blue Line) and the 200 EMA. As a matter of fact, the asset took support from the 200 EMA and moved slightly higher. On our daily chart, the 50 EMA (Blue Line) continues to be above the 200 EMA (Black Line). This suggests that the trend is bullish in the medium term, but the difference between the two averages is about 15%, which could continue the pullback. The Relative Strength Index (RSI) is at the mid-level of the 14 negative zone. At the same time, there is an upside divergence in the RSI (14). However, when we examine the Chaikin Money Flow (CMF)20 indicator, it is in the neutral zone and money inflows and outflows are balanced. If the positive results in macroeconomic data and positive developments in the ecosystem continue, it may test the first major resistance level of 241.14. In case of negative macroeconomic data or negative news in the Solana ecosystem, the 162.99 level can be followed and a buying point can be determined.
Supports 185.60 – 162.99 – 150.23
Resistances 209.39 – 228.35 – 241.14
DOGE/USDT
Last week, Bloomberg reported that the Department of Government Efficiency, or DOGE, is discussing the use of a public blockchain in its cost-cutting efforts. Elon Musk invited Dogecoin founder Shibetoshi Nakamoto to join DOGE (Department of Government Efficiency), creating optimism among the bullish dynamics reflected by the DOGE price. Bitwise has applied to the US Securities and Exchange Commission to list Dogecoin as an ETF. After Bitwise also filed an ETF application for Dogecoin, the odds of the spot Dogecoin exchange-traded fund being approved this year increased to 56% on the popular betting site Polymarket. Elon Musk, on the other hand, is taking new steps to make his X platform far-reaching. The social media giant is now a digital payment partner with Visa . There is speculation that future updates will include crypto and DOGE. On the onchain, Dogecoin Open Interest data fell to $2.41 billion. However, it revealed that whales have accumulated 560 million Dogecoins.
Looking at the daily chart, the asset, which has been in a downtrend since January 17, fell last week, breaking the strong support at 0.33668. The asset, which is currently retreating, is supported by the 200 EMA (Black Line). The 50 EMA (Blue Line) remains above the 200 EMA (Black Line), indicating that the asset remains bullish, but the difference between the two averages is about 30%, which may increase the probability of a further decline. If this bearish momentum continues, the asset could test 0.20472 once again. When we look at the Chaikin Money Flow (CMF)20 indicator, it is in the negative zone, close to the neutral zone. But money outflows have decreased. Relative Strength Index (RSI)14, on the other hand, found value in the oversold zone. At the same time, the rising trend on the RSI chart broke down and broke the trend downwards. It rose slightly from here and tested the base of the rising trend as resistance. Unable to break here, DOGE deepened its decline. In case of possible macroeconomic conditions and negative developments in the ecosystem and pullbacks, 0.20472 can be followed as a strong support. In case the retracement ends and the rises begin, 0.33668 should be followed as a strong resistance.
Supports: 0.25025 – 0.22234 – 0.20472
Resistances: 0.28164 – 0.31107 – 0.33668
TRX/USDT
TRX, which started last week at 0.2462, closed the week at 0.2255, falling especially after Trump signed the decision to impose tariffs on Canada, Mexico and China. This week in the US, manufacturing purchasing managers index, ISM manufacturing purchasing managers index, job openings and turnover rate (JOLTS), Services purchasing managers, ADP non-farm payrolls, ISM non-manufacturing purchasing managers index, unemployment claims, unemployment rate and non-farm payrolls data will be released. Especially the non-farm payrolls data will be closely monitored by the market. If these data are announced in line with expectations, they may be perceived positively by the market. In addition to these, Trump’s statements about Bitcoin or cryptocurrencies and possible steps he will take may be welcomed positively in the market and create a buying appetite.
TRX, currently trading at 0.2232, is in the upper band of the bearish channel on the daily chart. With a Relative Strength Index value of 38, it can be expected to break the bearish channel upwards by rising slightly from its current level. In such a case, it may test the 0.2411 and 0.2555 resistances. If it cannot close daily above the 0.2411 resistance, it may decline with the selling pressure that may come and move to the channel middle band. In such a case, it may test 0.2020 support. As long as it stays above 0.1860 support on the daily chart, the bullish demand may continue. If this support is broken, selling pressure may increase.
Supports 0.2243 – 0.2020 – 0.1860
Resistances: 0.2411- 0.2555 – 0.2665
AVAX/USDT
While AVAX was traded at 35.72 at the opening of last week, it fell to 25.80 with selling pressure throughout the week and the weekly close was realized at 27.61. Affected by the ongoing downtrend across the crypto market, the decline in AVAX has deepened, especially in the last three days. New economic decisions taken by the US and US President Donald Trump’s statements that had a negative impact on the market played an important role in this sharp decline. The increasing uncertainty in global markets and the decrease in investors’ risk appetite caused sharp retreats in the crypto market. With the impact of these developments, AVAX started the new week with a decline, falling as low as 21.21 and testing critical support levels.
The Moving Average Convergence/Divergence (MACD) indicator is showing a strong negative momentum, moving in the negative territory and below the signal line. The Relative Strength Index (RSI), on the other hand, has entered oversold territory at 25.47.
If the MACD indicator continues its downward movement and the RSI remains below 30, the selling pressure on AVAX may deepen. In this case, it may test the 22.35 support level. If this support level is broken, a decline towards 19.75 and 17.29 support levels may occur. On the contrary, a rebound in the MACD indicator into the positive zone and an upward crossing of the signal line may cause AVAX to react upwards. In this case, AVAX may make a rise towards the 27.05 resistance level. If this level is broken, the price may continue to rise towards the 29.78 and 33.00 resistance levels. In order for AVAX to create a strong upward movement, it needs to break above the Exponential Moving Average (EMA) levels, namely the EMA50 (36.55), EMA100 (36.33) and EMA200 (34.45). If these levels cannot be exceeded, selling pressure may continue.
(EMA50: Blue Line , EMA100: Green Line , EMA200: Orange Line)
Supports 22.35 – 19.75 – 17.29
Resistances 27.05 – 29.78 – 33.00
SHIB/USDT
Shiba Inu’s (SHIB) cremation rate has gained significant momentum, increasing 847% in the last 24 hours and 4,930% in the last week, totaling 1.1 billion SHIBs cremated. This surge was accelerated by the Shiba Inu team’s launch of its new cremation platform, ShibTorch V2. However, after Donald Trump’s tariffs on Canada, Mexico and China, the cryptocurrency market sold off sharply along with the currency markets. Trump also announced that new tariffs on the European Union will be implemented soon, which increased uncertainty in the markets and triggered volatility.
Technically, Shiba Inu (SHIB) has been under intense selling pressure in recent weeks due to the decrease in trading volume and loss of momentum. The increase in volatility, especially after Donald Trump’s statements on tariffs, increased uncertainty in the market and caused fluctuations in SHIB price. Facing strong selling pressure at the 0.00001960 resistance level, the price lost 41% in four days. The Chaikin Money Flow (CMF) oscillator shows that the selling pressure is still strong. Accordingly, a retest of the 0.00001160 support level seems likely if the downtrend continues. However, if buyers step in from this level, it may be possible for the price to gain momentum and rebound towards the 0.00001480 resistance level.
Supports 0.00001160 – 0.00001000 – 0.00000910
Resistances 0.00001480 – 0.00001850 – 0.00001960
LTC/USDT
Litecoin (LTC), which lost 6.82% last week, started to move last week with the positive developments in the Canary Litecoin ETF application. However, affected by the general decline in bitcoin and the total market, LTC started the new week at 109.16 and retreated to 80.04. According to Arkham data, open positions increased from $282 million last week to $291 million this week, and funding rates turned negative on all exchanges. It continues to remain in 20th place in the market size ranking.
On the daily chart, LTC tested trend support on the recent decline and recovered after dipping 3% below the 200-day moving average (purple line). LTC is currently trying to hold above the support zone at 97.00 and may find buyers in this area. If the decline continues, the 84.50 level, where the 200 daily moving average and trend support are located, stands out as a critical zone. If this region is lost, the price is likely to fall to 76.17 horizontal support. In upward movements, the first resistance level is 106.35 and can be considered as intermediate resistance. If the price exceeds this level, a strong selling pressure is not expected until 118.00 levels. Breaking 118.00 resistance may move the price back to the 130.00-143.00 band, which is the major resistance zone.
Resistances 106.35 – 118.00 – 130.00
Supports:97.00 – 84.50 – 76.17
LINK/USDT
Link was trying to hold on to the $ 22.30 level we mentioned last week. However, we evaluated that the transition of the Relative Strength Index (RSI) indicator into the negative zone could increase the selling pressure and lead to a deepening in the price movement. On the macroeconomic side, Trump’s harsh stance on trade policies increased anxiety in the markets and strengthened selling pressure. As a result of these developments, the overall market experienced a strong wave of selling and the uncertainty continues.
From a technical perspective, price action continues to move within a falling channel. After the weekly close, the price pinched the lower band of the channel and experienced strong volatility with pending buy orders at the $15.42 level and rose as high as the $19.00 band. The $17.98 level stands out as a strong support in the short term. However, if persistence cannot be achieved at this level, it is quite possible that the price will tend to fill the pin at the $ 15.42 level. Since this zone coincides with both the channel support and the 200-day moving average (SMA200) level, the bear market signal may strengthen in case of its loss.
On the other hand, the fact that the RSI indicator is in negative territory and does not give any turn signal increases the pessimism on the buy side. On the upside, the $20.25 level is a critical resistance point where selling pressure may increase as it intersects the 100-day moving average (SMA100). However, in order to talk about a new uptrend, the channel resistance at the $26 level must show a voluminous breakout.
(SMA200: Red Line, SMA100: Blue Line)
Supports 17.98 – 15.44 – 12.61
Resistances 20.67 – 23.07 – 25.17
BNB/USDT
At the beginning of last week, BNB/USDT, which retreated to the 640 level on Monday, January 27, recovered from this level and completed the day on the positive side and recorded a rise towards the 685 level. However, the positive momentum of the asset remained limited due to the increased selling pressure at these levels. Although limited positive movements were seen in the following days, BNB/USDT, which gained a negative momentum as of February 01, strengthened its negative outlook by falling below the EMA 100 (blue line) level for the rest of the week.
At the start of the new week, BNB/USDT faced strong selling pressure and retreated to the 500 level. Despite a partial recovery from this level, the asset still maintains its negative outlook.
The volume indicator reveals that the negative candles that formed with the intense selling pressure as of February 01 increased the selling volume. Accordingly, strong and positive trading volume should increase in order for the price to regain a positive momentum. On the other hand, the RSI indicator moved in line with the price movements and fell below the 30 level. The fact that the RSI remains below these levels indicates that selling pressure may continue.
In this context, if the negative momentum observed at the beginning of the new week continues, the price is expected to retreat towards the 565 level first. If the 565 level is broken down, there is a possibility of a pullback to 540 and 500 levels, respectively. On the other hand, a possible support from the 640 level may contribute to the rise of the price towards the 605 level again. In case the 605 level is broken upwards, 640 and 665 levels will be followed as new resistance zones.
Supports 565 – 540 – 500
Resistances 605 – 640 – 665
ADA/USDT
In the last 1 week, Cardano has lost 24% of its value, affected by the selling pressure on digital assets. It tested its lowest support zone, the 200-period Exponential Moving Average (EMA200), and broke to the downside. 1Fuel, ADA is rumored to be a major force in the blockchain space, offering cross-chain transactions and real-world utility. ADA, which has not yet priced in this news, fell from 0.928 to 0.6940 in 1 week. This sharp decline was triggered by US President Donald Trump’s statements that had a negative impact on the market and the imposition of tariffs on Canada, Mexico and China.
Technically, the Chaikin Money Flow (CMF) oscillator shows that the selling pressure is still strong. Accordingly, a retest of the 0.604 support level seems likely if the downtrend continues. Overall, with this deep decline, market momentum has been severely weakened and critical resistance levels have been breached.
If ADA tests the 100-period Exponential Moving Average (EMA100) level and breaks it upwards, 0.775 and 0.991 levels can be targeted as resistance. If the declines on ADA deepen, 0.604 and 0.598 levels can be followed as support levels.
(EMA50: Blue Line, EMA100: Orange Line, EMA200: Green Line)
Supports 0.598 – 0.604 – 0.722
Resistances 0.991 – 1.104 – 1.107
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