BTC/USDT
We are leaving behind an eventful week with important developments in global markets with central bank policies, strategic reserve decisions and tariff negotiations. New Hampshire made history as the first state in the US to pass a “Strategic Bitcoin Reserve” law, while Japan’s Metaplanet’s Bitcoin assets surpassed El Salvador. News such as the US-China trade agreement in Geneva, a tariff agreement between the UK and the US, and interest rate cuts in China and the UK have softened geopolitical uncertainty to some extent. On the other hand, Bitcoin’s market capitalization surpassed Amazon, strengthening its place in the global financial scene. Fed’s decision to keep interest rates unchanged while drawing attention to inflation and unemployment risks significantly reduced the possibility of an expected rate cut in June. In the rest of this week, first the inflation data and then Powell’s statements on Thursday stand out as the developments that are expected to create volatility on the market.
With all these developments, the daily chart shows BTC continuing its uptrend in a strong and relentless manner. Settling above six-digit pre-tariff levels, BTC is currently heading towards the all-time high of $109,400, which it previously tested at peaks 3 and 5. At the time of writing, BTC, which is pushing the 105,000 level, has yet to make a clear breakout at this critical level, although it tested the Fibo 0.618 level in the morning hours. Technical oscillators, especially indicators such as the wave trend, have remained in overbought territory for nearly two weeks on a daily basis. On the other hand, momentum indicators are still strong and support the bullish trend. Although the possibility of a technical correction is on the table, optimistic fundamental developments, especially the compromise in trade policies and the avoidance of aggressive rhetoric on the Fed side, continue to be a driving force on the price. This keeps the market’s buying appetite alive despite weakening technical indicators. In the continuation of the rise, it seems likely to test the ATH level of $ 109,400, while the door to new highs may open in case of an upward breakout. Otherwise, in a possible correction, the 101,800 level, where the rising trend line crosses, will be followed as the first strong support.
Supports 99,000 – 95,000 – 91,800
Resistances 106,000 – 109,400 – 115,000
ETH/USDT
Last week, global markets witnessed remarkable price movements in risky assets, especially as trade tensions between the US and China eased. As of today, the US decision to reduce its tariffs on China from 145% to 30% and China’s subsequent move to reduce the 125% tariff on US products to 10% for 90 days led to a significant increase in risk appetite not only in traditional markets but also in the cryptocurrency market. In line with these developments, there has been a strong bullish momentum, especially on the Ethereum side. ETH price surged sharply above the $2,500 threshold, surpassing critical resistance levels and attracting the attention of market participants once again. In addition to macro developments, the Pectra update, which is a very important technical and structural development for the Ethereum ecosystem, was also launched last week. Pectra, which stands out as one of the most comprehensive protocol updates on the Ethereum blockchain to date, includes a total of 11 different Ethereum Improvement Proposals (EIPs), making it the hard fork with the highest number of EIPs in the history of. Of these updates, EIP-7251 is particularly noteworthy, which increased the maximum amount of ETH that individual validators on the Ethereum network can stake from 32 ETH to 2,048 ETH. Previously, users who wanted to stake more ETH had to create a separate validator for every 32 ETH. Increasing this limitation will provide significant operational ease and efficiency, especially for institutional investors and large staking pools. While this may pave the way for increased institutional interest in the Ethereum network, in the long run, it may cause more ETH to be staked, leading to a decrease in liquidity on the supply side of ETH and upward pressure on the price. While individual investors are expected to participate more in staking processes, it seems inevitable that the need and orientation towards staking and restake protocols such as Lido (LDO) and EigenLayer (EIGEN) will increase. The increase in total assets locked (TVL) on these platforms will be a positive indicator for the overall health of the Ethereum ecosystem. This dynamic will be supportive not only for the price of ETH, but also for the development of staking-based second-tier solutions and the sustainability of the Ethereum network’s security.
An analysis of technical indicators shows that Ethereum has accelerated above the key technical resistance at $2,589, indicating that medium-term bullish technical scenarios are starting to materialize. The Chaikin Money Flow (CMF) indicator continues to trend upwards in the positive territory, indicating that heavy capital inflows to the market continue. In addition, Cumulative Volume Delta (CVD) data shows that spot purchases are stronger than futures, indicating that investors’ real buying interest is strong and the price action is supported by organic demand rather than derivatives. The recovery in momentum indicators also supports that the uptrend is healthy and on a technical basis. This data reveals that price movements are not overly speculative and are shaped by structural fundamentals. When the Ichimoku cloud is analyzed, the fact that the ETH price crossed both the Kumo cloud and the Tenkan and Kijun levels in the upward direction shows that the trend has evolved in a positive direction in the medium term and that bullish expectations are technically supported. Such breakouts are a strong signal that the price could reach higher levels in the coming period.
In conclusion, the current technical and fundamental outlook suggests that the ETH price has a high potential to rise to the resistance point at $2,826 in the coming days. In case of a permanent pricing above this level, it is quite possible that the trend will accelerate further and sharp upward movements will continue. However, although the short and medium-term technical outlook is positive, macroeconomic factors such as global economic uncertainties, inflationary pressures and possible geopolitical risks should also be considered. In this context, a close below the $2,207 support level may cause a deterioration in the short-term uptrend and accelerate selling pressure. Therefore, it should be kept in mind that we are going through a period in which the risk-return balance should be carefully observed in line with both technical and fundamental analysis.
Supports 2,207 – 2,001- 1,755
Resistances 2,589 – 2,826 – 3,053
XRP/USDT
The final settlement of the long-running legal proceedings between the US Securities and Exchange Commission (SEC) and Ripple Labs has had a strong catalytic effect on both the rebuilding of market confidence and the price of XRP. The parties’ mutual decision to withdraw their appeals signals the end of the case in all aspects, while Ripple’s agreement to pay a $50 million fine as part of the settlement shows that the process is clearly closed. This has largely removed regulatory uncertainty over XRP, reshaping investors’ approach to the asset. Even if the case does not end in Ripple’s favor, the removal of legal uncertainty should be considered as an important development that may facilitate institutional investors to turn to XRP and encourage previously cautious individual investors to reposition.
With this positive news flow, there were serious technical breaks in the XRP price. In particular, the voluminous overcoming of the important resistance zone at the $ 2.24 level caused the short-term upward trend to be confirmed. With the price action that followed, XRP managed to settle above the $ 2.31 level, defined as the upper band of the Ichimoku cloud, and continues to be priced above the $ 2.40 level momentarily, maintaining its upward momentum. While this technical structure strengthens the bullish expectations of market participants, it reveals that the price maintains its upward momentum and that there is still strong interest on the buying side. This positive sentiment is also evident in the technical indicators. The Chaikin Money Flow (CMF) indicator, which has been in negative territory for a long time, has moved back into positive territory, indicating a strong capital inflow to the market. The effort of the CMF indicator to hold in the positive area is very critical, especially in terms of showing that the volume purchases from the spot markets continue and investor sentiment has recovered significantly. This development stands out as one of the key indicators supporting that short and medium-term price projections for XRP may be upward. In addition, the upward trend observed in momentum indicators reveals that price movements are not only driven by the news effect; at the same time, the technical infrastructure also supports this rise. Momentum indicators show that the upward movement of the price is sustainable and that it is moving on a technically healthy trend floor. Such technical signals suggest that the uptrend will not end with a sudden correction, but may be followed by short-term consolidations and attempts at new highs.
In the coming days, it seems quite likely that the XRP price will exhibit an upward movement towards the strong resistance zone at the $2.59 level. This level is an important threshold both psychologically and technically, and in the event of a volume breakout, it could enable XRP to head to much higher levels. However, in case of a possible pullback, the $2.31 level stands out as the most critical short-term support point. Daily closes below this level could cause a short-term deterioration in market perception and lead to increased selling pressure. For this reason, it is of great importance that investors carefully follow these technical levels and shape their position management within the framework of these regions.
Supports 2.2436 – 2.0196 – 1.7826
Resistances 2.5925 – 2.8521 – 3.1969
SOL/USDT
Last week in the Solana ecosystem;
- Solana validators have patched a zero-day bug that could lead to unlimited minting of certain tokens.
- DeFi Development Corp to acquire SOL validator business for $3.5 million. The validator holds 500,000 average delegated shares of SOL worth $75.5 million.
- Solana Name Service launched the SNS token, aligning incentives with .sol domain user needs and future ecosystem growth.
- Doodles, one of the most important NFT projects in the digital space, launched the $DOOD token on May 9, 2025.
- DeFi Development Corp. said yesterday it will execute a 7-for-1 stock split later this month, marking a return to the Solana blockchain ecosystem that fueled a surprising rally in its share price.
- Solana’s new smartphone “Seeker” is being launched with a price tag of $500. With more than 145,000 pre-orders, the device aims to bring the mobile blockchain experience to a wider audience.
- Solana announced a plan to rival traditional centralized exchanges such as Nasdaq and NYSE as a driver for on-chain stock/equity issuance by public companies.
On the on-chain side;
- fun made a $38.2 million SOL transfer to a centralized exchange.
- Three new wallets attracted 145,000 SOLs from a centralized exchange, indicating a strong accumulation.
- DeFi Development Corp acquired an additional $11.2 million in Solana, bringing its total assets to 400,091 SOL.
- The latest data from Nansen shows that Solana has surpassed all major blockchains with approximately 21.75 million active addresses in the past week.
SOL has formed an inverse shoulder-head-shoulder pattern on the daily chart. After testing the 50 EMA (Blue Line) as support, the price managed to stay above this level and broke the 200 EMA (Black Line) with a voluminous candle and has managed to stay above the moving average as of now. If the strong resistance level of $185.60 is broken upwards, $209.39 can be targeted respectively. Otherwise, the $150.23 level should be monitored in downward movements. The asset is trading above the 50 EMA and the 200 EMA, indicating that the asset is bullish. Also, the fact that the 50 EMA continues to remain below the 200 EMA shows us that it continues to form a “death cross” in technical terms. This suggests that bearish potential remains in the medium term. The RSI (14) remains overbought while the uptrend that started on February 26 is still in effect. This means that the price may continue its upward movement. However, profit realization may put pressure on the price. Chaikin Money Flow (CMF-20) is in positive territory; an increase in money inflows may further strengthen this indicator. If macroeconomic data remains positive and ecosystem developments remain positive, the first major resistance point at $185.60 could be tested. Conversely, in case of possible negative news flow or deterioration in macro data, the $150.23 level can be monitored as a potential buying opportunity.
Supports 162.99 – 150.23 – 141.80
Resistances 185.60 – 209.39 – 228.35
DOGE/USDT
Last week in the Doge ecosystem;
Seth Wilks and Raj Mukherjee, two key cryptocurrency policy leaders of the US Internal Revenue Service (IRS), have resigned after accepting “DOGE Deferred Exit Agreements” offered by the government. DogeOS, the operational system that unifies decentralized applications (dApps) on the Dogecoin network, raised $6.9 million from Polychain’s funding round. DOGE open interest reached $2.94 billion as derivatives markets turned bullish.
DOGE has continued its uptrend since last week on the daily chart. The downtrend that started on February 14 was broken upwards on a candle with strong volume and the price broke the 50 EMA (Blue Line) and 200 EMA (Black Line) to the upside. It is currently testing the important resistance level of $0.25025. The formed inverse shoulder-head-shoulder pattern and diamond pattern support the upside movement of the asset. On the other hand, the 50 EMA remained below the 200 EMA (Black Line), indicating that the death cross pattern remains valid. This indicates that bearish pressure may continue in the medium term. The Chaikin Money Flow (CMF-20) indicator turned positive and increased inflows suggest that this indicator may move to the upper levels of the positive zone. The Relative Strength Index (RSI-14) is still in positive territory and the uptrend since April 8 continues. This suggests that the possibility of an uptrend will continue in the short term. In case of macroeconomic risks or negative news from the ecosystem, the $0.20472 level can be monitored as a strong support. On the other hand, if the upward movement gains strength, $0.28164 stands out as the first strong resistance level.
Supports: 0.16131 – 0.15045 – 0.13107
Resistances: 0.18224 – 0.20472 – 0.22234
TRX/USDT
With another 2 billion USDT minted on the Tron network last week, the total USDT supply on the network reached $73.7 billion. Between May 5 – 11, 2025, a total of 60.2 million TRX tokens were burned on the network. These burns continue to have a deflationary effect on the TRX supply
In the same period, the total revenue generated by the Tron network was 73.9 million dollars. With this revenue level, it continued to maintain its first place among all other blockchain networks. In addition, Tron founder Justin Sun stated in a post yesterday that an important development regarding the Tron ecosystem will be announced soon.
TRX, which started last week at 0.2471, rose by about 7% during the week and closed the week at 0.2650. TRX, which is currently trading at 0.2670, continues its movement within the bullish channel on the daily chart and is in the upper band of the channel. The Relative Strength Index (RSI) value has approached the overbought zone with 68 and can be expected to move towards the channel mid-band by falling slightly from its current level. In such a case, it is expected to test 0.2555 support. If it closes daily below 0.2555 support, it may continue to decline and may want to test 0.2411 support. If it cannot close daily below 0.2555 support and the important development stated by Justin creates excitement among investors, it may rise with possible purchases that may occur. In such a case, it may test the 0.2715 and 0.2815 resistances respectively. As long as it stays above 0.2243 support on the daily chart, the bullish demand can be expected to continue. If this support is broken, selling pressure may increase.
Supports 0.2555 – 0.2411 – 0.2243
Resistances 0.2715 – 0.2815 – 0.2975
AVAX/USDT
After starting last week with a decline at $19.88, AVAX found support by approaching the lower band of the bullish channel in the middle of the week. On Thursday, May 8, AVAX, which caught a strong bullish momentum with the general recovery in the crypto market, surpassed the 50 and 100-period Exponential Moving Average (EMA) levels and rose to $ 26.00. After testing the EMA200 level, AVAX, which fell with the selling pressure from this point, closed the week at $ 24.77. AVAX, which made a positive start to the new week, rose to $ 26.83 and approached the upper band of the bullish channel. With the selling pressure at this level, it fell below the EMA200 level and continues to test this level.
On the daily chart, the Moving Average Convergence/Divergence (MACD) line is above the signal line and in positive territory. The May 8 bullish MACD crossover occurred and technically suggests that the uptrend is gaining momentum. Also, AVAX is currently trading above the EMA100 and EMA50 but consolidating below the EMA200. This suggests that the short to medium term outlook remains positive, but there is a strong resistance zone above.
AVAX’s daily close above the EMA200 level may support the continuation of the uptrend towards the $27.02 resistance level and then towards the $28.72 and $30.12 resistance levels. The positive MACD structure and the approach to the upper band of the bullish channel technically strengthen this scenario. Volume buying and positive market news are important for the continuation of the uptrend. However, if it fails to break the EMA200 and selling pressure increases again, the first support zone will be $25.12 and then $23.46 and EMA100 levels. In case of persistence below these levels, $21.79 and EMA50 should be monitored as critical support. Deeper corrections may be seen if the channel support breaks.
(EMA50: Blue Line , EMA100: Green Line , EMA200: Purple Line)
Supports 25.12 – 23.46 – 21.79
Resistances 27.02 – 28.72 – 30.12
SHIB/USDT
Shiba Inu (SHIB) has seen remarkable developments in both on-chain data and market behavior in recent days. The record high token burn rate, a 234.584% jump in just one day, and the removal of approximately 19 million SHIBs from circulation created expectations of a serious contraction on the supply side, while this development also gave an upward momentum to the price performance in the short term. In particular, the 643% increase in large investors’ (whale) position purchases over the last 30 days indicates a revival of institutional and large individual interest in SHIBs. The fact that these capital inflows are not collected in specific wallets but spread across the market suggests that the movement may have a more organic structure. On the ecosystem side, the fact that Shibarium’s number of daily transactions has reached millions and the TVL value has increased by nearly 80% since January, reaching 3.84 million dollars, reveals that SHIB is not just a “meme coin”, but is on its way to building a more functional infrastructure with its Layer-2 solution. Projects such as ShibaSwap and WoofSwap are among the key drivers of this growth. In addition, the value of open interest in the SHIB futures market has reached a 30-day high of $220 million. This shows that highly leveraged positions are being opened in the derivatives market and investors have strong expectations about the direction of the price.
Shiba Inu (SHIB) showed a significant strengthening on the technical side last week. The price, which had fallen to the $0.00001280 support in the previous weeks, gained an upward momentum with the reaction it received from this level. With this move, trading volume and volatility increased significantly, while a remarkable increase in momentum was also observed. The upward break of the critical $0.00001390 and $0.00001530 resistance levels in volume signaled that the market structure has turned back in favor of buyers. As the price approached the $0.00001745 resistance level, selling pressure increased and a slight pullback was realized with the reaction from the $0.00001729 level. In the same period, the negative mismatch (Black Line) in the Money Flow Index (MFI) oscillator paved the way for the upward movement to lose momentum. However, the Chaikin Money Flow (CMF) indicator is still in positive territory, indicating that capital flows to the market continue and buyers have not completely withdrawn from the market. While our first support level is located at 0.00001460 dollars, 0.00001280 dollars and 0.00001200 dollars levels may come to the agenda in possible sags below this level. In case the upward movement continues , if the 0.00001745 dollar resistance is exceeded, the 0.00001850 dollar and 0.00001970 dollar levels stand out as resistance zones to be followed respectively. Especially the overlap of the $0.00001970 level with the CISD (Change in State of Delivery) zone further increases the technical importance of this resistance, as such levels usually work as strong decision zones
This technical movement is also in line with the effect of the falling wedge pattern that has been followed since December 2024. The technical target of the pattern is at the level of 0.00002640 dollars.
Supports 0.00001460 – 0.00001280 – 0.00001200
Resistances 0.00001745 – 0.00001850 – 0.00001970
LTC/USDT
Litecoin started the new week at 100.13, up 17.72% in the past week. In the process, it gained 6.62% against Bitcoin. While its current market capitalization hovers around $7.67 billion, it has fallen from 21st place in the cryptocurrency rankings last week to 23rd this week. Open positions in futures reached $314 million, an increase of $75 million compared to last week.
As of this week, it can be said that there is a positive outlook for Litecoin, which has exceeded all its moving averages (20, 50 and 100-day moving averages) and crossed the critical threshold. In light of the positive outlook, the first resistance in upward movements is at the level of 110.00 dollars. This point stands out as a level where selling pressure may intensify. If resistance is overcome, the next target is the major resistance zone in the 130.00-143.00 band. When the previous movements are analyzed, it is seen that the price movements between 110.00-130.00 levels are realized in a short time . In the 130.00-143.00 range, it is noticed that the candle sizes are shorter but the volume is higher. In this case, if the 110.00 level is broken, the price can be expected to rise quickly to the 130.00 band and a direction can be expected to be determined in line with market movements and developments on Litecoin in the 130.00-143.00 band.
In downward movements, the first important support level stands out as 98.74 dollars. It is known to be a critical support and creates an area up to 97.00 levels. It can be predicted that the closures below this level can pull the price down quickly and the first possible stop can be the horizontal support at 89.51. Below 89.51, another horizontal support at the level of 81.00 appears as a level where we can react to possible declines.
Resistances 110.00 – 130.00 – 143.00
Supports 98.74 – 89.51 – 81.00
LINK/USDT
LINK rose as high as the strong resistance zone in the $17.38 – $17.63 band. In particular, the $ 17.63 level is an important resistance as it coincides with both horizontal resistance and the 200-day moving average (MA 200). In case of persistence above this level, $ 18.11 and $ 18.71 levels may stand out as short-term targets, respectively.
On the other hand, the fact that the price struggles to exceed the $ 17.63 resistance and remains horizontal in this region increases the possibility of consolidation for a while. The first important support level for pullbacks is $16.74, while the stronger support line stands out as the $15.17 – $15.14 band that intersects both the rising trend line and the 100-day moving average. If the price falls below this zone, the selling pressure may deepen and move the price back to the $ 14.00 – $ 13.00 range. The Relative Strength Index (RSI) indicator is at 71, approaching the overbought zone. This suggests that upward movements may be limited in the short term and the possibility of a correction is increasing. However, the fact that the RSI is still in positive territory indicates that the current momentum is maintained.
In the general outlook, a bullish scenario that could last up to $18.71 wi
ll remain active if the price maintains above $17.63. However, daily closes below $16.74 may weaken upside expectations.
Supports 16.74 – 15.88 – 15.14
Resistances 17.48 – 18.11 – 18.71
BNB/USDT
On the fundamental side, VanEck’s spot BNB ETF filing with the US Securities and Exchange Commission (SEC) on May 2, 2025 had a significant impact on the price and market structure of Binance Coin (BNB). Following the filing, the price of BNB rose above the $600 level, reaching recent highs. This development boosted investor confidence and revitalized interest in BNB.
From a technical perspective, BNB, which was priced below the 20-day exponential moving average (EMA 20) at the beginning of last week (Monday, May 5), caught a strong upward momentum with the news flow regarding the ETF application. With this rise, BNB surpassed the $600 level and rose as high as $670 in a short time. Although it faced some selling pressure from this region, the BNB/USDT pair, which made a positive start to the new week, is still trading in the positive zone on the daily chart.
BNB/USDT, which is currently priced in the range of $ 645 – $ 670, exhibits a generally strong and positive outlook in the last one-week period, especially on the trading volume side, when analyzed in terms of technical indicators. This indicates that the buying appetite on the asset still persists. On the other hand, the Relative Strength Index (RSI) rose above the 70 level on the back of the recent rally, but fell back below the 70 level due to the last few days’ pullback. This movement in the RSI indicates the possibility of a downward correction in the short term.
Within the framework of the current technical structure, if the positive trend continues, the price is expected to test the $ 670 level first. If this level is broken upwards, the levels of 690 and 720 dollars stand out as the next resistance zones, respectively. On the other hand, if the $ 670 level is not exceeded and selling pressure increases, the price is likely to retreat to $ 645 support. If this level is broken downwards, the $ 620 and $ 600 levels will be critical support zones to follow.
Supports 645 – 620 – 600
Resistances 670 – 690 – 720
ADA/USDT
Cardano has gained 21% since the beginning of the week to 0.8482. Official sources from the US White House and China announced that an important trade agreement was reached in economic and trade talks. Following the trade agreements from China and the US, an agreement between Ukraine and Russia is expected this week. This news, which is expected to have a positive impact on the crypto markets, has been an important factor in the rise of Cardano price in the last few weeks. The price of ADA is hovering at its highest point in recent months. These trade agreements were welcomed positively in the markets. Positive pricing has made a noticeable difference in ADA’s trading volume. The price technically reflects the limited rise of the Cardano network, as the active addresses of its ecosystem are not high. The Cardano price was steady on Monday morning as investors focused on the upcoming Consensus event in Toronto, where Charles Hoskinson will be the keynote speaker. Data shows that Cardano only has $30 million worth of stablecoins, a small amount considering the industry is worth over $245 billion. With the pricing of macro data, it signals that the bullish movement may continue. Following the positive market sentiment, it may increase the positive outlook that exists within the crypto community.
When we look at the technical chart, ADA has recovered its momentum by catching a bullish momentum as of May 8. During the week, it exceeded the daily, 50 and 100-period Exponential Moving Average (EMA) levels and broke the $0.7390 level upwards. ADA, whose price movements reflected positively by testing the EMA200 level, closed the week at $ 0.8353. Making a positive start to the new week, ADA approached the upper band of the bullish channel, rising to $0.8482. The Relative Strength Index (RSI)14 indicator fell to 54, signaling that the uptrend may continue . Chaikin Money Flow (CMF) indicates that the necessary momentum for the uptrend is yet to come. As long as the price is within the bullish channel formed on the chart, the possibility of momentum continuing upwards may be supported by the rise to the 0.9045 level. If the rise continues, 0.9163 and 1.0254 levels can be tested as resistance levels. In the light of the macro data to be announced this week, if the uncertainty increases with the fluctuations in the market, 0.5945 and 0.5125 levels can be followed as support levels. If these support levels are broken, the decline may deepen.
Supports 0.5093 – 0.5125 – 0.5910
Resistances 0.9043 – 0.9163- 0.9674
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