TECHNICAL ANALYSIS
BTC/USDT
The increase in institutional Bitcoin purchases continues with new participants. Tether and SoftBank-backed Twenty One Capital acquired 4,812 BTC from Cantor Fitzgerald for $458.7 million. Semler Scientific, which is traded on Nasdaq, bought a total of 1,510 BTC in the first quarter of 2025, bringing its assets to 3,808 BTC. Despite posting a loss, the company returned 22.2% on its BTC investment. Although there is no development in the data set today, the statements of Fed members Waller and Daly on interest rate policy will be followed.
Looking at the technical outlook, BTC tested the 105,000 resistance twice on the back of the bullish backdrop mentioned in yesterday’s analysis, but failed to find enough momentum support to break through this level. The price continues to move sideways within the uptrend, returning to the bandwidth where it consolidated.Although the upbeat inflation data was welcomed by the market, it did not create the expected driving effect on BTC as it did not change the expectations for an interest rate cut. In the technical structure, the weakening of the wave trend oscillator’s buy signal and the momentum indicators still failing to gain strength cause the price to struggle in its upward movement. BTC, which completed the previous consolidation processes in about 8-9 days, continues pricing on the 6th day of this consolidation process. BTC, which gives limited buying opportunities with the bullish structure it creates in line with the high tight flag pattern it reveals in every process, still continues to maintain this image. For BTC, which we expect to continue its upward movements with similar technical structures, the continuation of the rally and the crossing of the ATH level may be possible with the interest rate cuts back to the summer months. In this direction, the 105,000-resistance level appears as a breakout point, while the 102,400 level will be followed as a support point in a possible pullback. Unless there is an extra development that will affect the market today, pricing may continue horizontally.
Supports 102,350 -101,400 -100,000
Resistances 104,200 – 106,000 – 107,000
ETH/USDT
ETH continued its bullish momentum after the daily close above the $2,533 level in line with expectations and climbed as high as $2,730. This move means crossing an important threshold in both psychological and technical terms. In particular, breaking this level upwards indicates a positive change in market perception, while technical indicators also support this outlook.
In the Ichimoku analysis, the price rose above the tenkan level again and the kumo cloud maintained its upward trend, indicating that the uptrend is gaining strength. This structure is considered as a strong signal that prices may continue their upward movement in the short term. On the other hand, Chaikin Money Flow (CMF) headed towards the positive zone with the rise, but then fell back to the zero line again, indicating that the buyer-seller balance has formed. This suggests that the market is in search of a short-term balance. On the momentum indicators and RSI side, the upward trend continues significantly. While the RSI’s rise above the 60 level indicates that buying pressure continues; these indicators, which support the overall momentum, reflect that the technical fundamentals of the rise are solid.
In this context, the price is likely to rise as high as $2,799 during the day. Exceeding this level could pave the way for a faster and stronger rise. However, if the $2,533 level breaks down again, the $2,400 level stands out as the first support point and a correction movement towards this region may be on the agenda.
Top of Form
Below the Form
Supports 2,533 – 2,254 – 2,131
Resistances 2,799 – 3,062 – 3,246
XRP/USDT
As emphasized in previous analyses, XRP managed to climb to the level of $ 2.59, maintaining its upward momentum with the effect of the positive outlook in the technical structure. After reaching this level, the price’s effort to hold in this region is noteworthy with the horizontal course. The $2.59 level is not only a short-term resistance point, but also stands out as a critical threshold for the continuation of the upward trend. Persistence above this level may trigger a new upward price discovery process, while confirming that buyers are increasing their weight in the market.
Technical indicators also support the current bullish trend. In particular, the Chaikin Money Flow (CMF) indicator remains in positive territory, indicating that capital flows into the market are strong and the buy side is still actively engaged. This suggests that the stabilization of the price at current levels is not coincidental and that there is institutional or volume investor support behind it. On the other hand, momentum indicators continue their bullish trend, especially the Relative Strength Index (RSI) indicator, which remains strong, indicates that the upside potential has not yet been exhausted and the price has room for upward movement. The fact that the RSI is approaching the overbought zone, but has not yet fully reached these levels, provides a technical basis that the uptrend may continue for a while. In addition, when the Ichimoku cloud structure is analyzed, the fact that the price remains above the cloud and the kumo cloud continues its upward trend stands out as a strong technical signal that the positive trend continues, especially in the medium term. This outlook supports not only short-term price movements, but also a structural strengthening that spans wider time frames. The thickness and slope of Kumo’s structure suggests that a solid support zone has formed below the price, which means that XRP may face strong buying reactions at lower levels on possible pullbacks.
As a result, if XRP price breaks the $2.59 resistance level on volume during the day, it can be expected to create a new area of upside movement. Such a breakout could technically make it possible to target higher peaks. On the other hand, the $2.51 level stands out as the first support in possible pullbacks, and this level may serve as intermediate support as it overlaps with the Ichimoku tenkan-sen line. Maintaining this level may pave the way for the price to regain momentum by making a healthy correction within the upward trend.
Supports 2.4769 – 2.3928 – 2.2154
Resistances 2.5900 – 2.8347 – 3.0756
SOL/USDT
SEC delays GRAYSCALE’s spot SOLANA ETF until October.
SOL price continued its ascent. The asset broke the ceiling level of the ascending triangle pattern with a strong candle, gaining nearly 5% and advancing to the strong resistance level of $181.75. If it holds above this level, the uptrend may continue. Otherwise, a retracement to the $171.82 level may occur. On the 4-hour chart, the 50 EMA (Blue Line) continued to stay above the 200 EMA (Black Line). This indicates that the upward trend may continue in the medium term. However, the gap between the two moving averages is too wide, which could lead to a pullback. In addition, the fact that the price is above both moving averages indicates that the upside potential of the overall market is strong. Chaikin Money Flow (CMF-20) is in negative territory; in addition, an increase in daily inflows may move CMF from negative to positive territory. Relative Strength Index (RSI-14), on the other hand, has fallen from the overbought zone to the mid-positive zone and is currently testing the downtrend that started on May 9 as resistance. This could trigger profit selling and cause a pullback. The $189.54 level stands out as a strong resistance point in the event of a rally on the back of macroeconomic data or positive news on the Solana ecosystem. If this level is broken upwards, the rise can be expected to continue. If there are pullbacks due to contrary developments or profit realizations, the $171.82 level may be retested. In case of a decline to these support levels, the increase in buying momentum may offer a potential bullish opportunity.
Supports 171.82 – 163.80 – 150.67
Resistances 181.75 – 189.54 – 200.00
DOGE/USDT
The SEC accepted the application for a Dogecoin (DOGE) exchange-traded fund (ETF) by 21Shares.
DOGE price continued its uptrend. The asset, which broke the ceiling level of the descending triangle pattern upwards and rose by about 7.59%, may test the strong resistance level of $0.25025 for the 3rd time as resistance. If it breaks up here, it may continue its rise. Otherwise, the $0.22632 level may be triggered. On the 4-hour chart, the 50 EMA (Blue Line) continued to be above the 200 EMA (Black Line) . The fact that the price is above both moving averages shows us that the asset has an upward trend in the short term. However, a large gap between the two moving averages may cause a pullback. The Chaikin Money Flow (CMF-20) indicator is in negative territory, but it is now above the downtrend that started on May 10. In addition, a decline in money inflows could push CMF deeper into the negative territory. The Relative Strength Index (RSI-14) has broken the downtrend that started on May 10 to the upside and is in the middle levels of the positive zone. The $0.25025 level stands out as a strong resistance zone in case of a possible rise in line with political developments, macroeconomic data or positive news flow in the DOGE ecosystem. In the opposite case or possible negative news flow, the $0.21154 level may be triggered. In case of a decline to these levels, the increase in momentum may start a new bullish wave.
Supports 0.22632 – 0.21154 – 0.19909
Resistances .25025 – 0.28164 – 0.30545
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