Technical Analysis
BTC/USDT
As US President Donald Trump pushes for the passage of the budget and tax package known as the “Big Beautiful Law” in the Senate, crypto regulations have become a critical part of this package. While SEC Chairman Paul Atkins announced a rational framework for digital assets, Democrats criticize the SEC’s lack of transparency. Senator Bill Hagerty highlighted the GENIUS Act’s potential to modernize payment systems. Truth Social, the social platform affiliated with Trump Media, applied for a Bitcoin spot ETF through the NYSE Arca exchange. Today, Fed members’ statements as well as the “Beige Book” report on the US economy will be followed.
Looking at the technical outlook, BTC continued its movement within the minor ascending trend channel, testing the 106,800 level yesterday, the upper band of this channel. While this rise was considered within the scope of liquidity bullishness, the price moved down again as the selling positions concentrated here were liquidated. With technical oscillators turning from a buy signal to a sell signal, BTC price once again approached the 105,000 support. As we highlighted in previous analysis, there is still no strong catalyst for a significant uptrend to begin. In case the price fails to break above the 107,300 resistance, indicated by the orange dashed line, a sideways and mildly sellers market structure is expected to continue. At this point, liquidation data gains importance. The daily heat map shows that the bandwidth is widening and volatility may increase. While the closest liquidity zone stands out as the 104,000 – 104,400 band, these levels can be targeted during the day with the bearish signal on technical oscillators. If this level works as support, it is seen as important for the recovery to come again, while the price can be expected to make a bullish attempt towards 107,500 and 107,800 levels, where the selling positions are accumulated this time. In this scenario, especially testing the falling trend line will be technically critical. However, if the 107,300 level cannot be maintained above the 107,300 level, it is likely that the selling positions will increase again with the reverse trading opportunity and the selling pressure on the price will be felt. In this case, the 104,000 level will again maintain its importance as a strong support area.
Supports 105,000 – 104,000 – 103,300
Resistances 106,000 – 107,300 – 108,500
ETH/USDT
ETH rose as high as the $2,625 kumo cloud resistance yesterday evening, but retreated to around $2,575 with strong sales from this
area. Recovering in the morning hours, ETH reached the upper band of the kumo cloud again and is currently trying to hold at this level. Whether the price can stay in this region is an important threshold that will determine the direction of the upcoming movement.
Looking at the technical indicators, Chaikin Money Flow (CMF) continues its upward movement in positive territory with support from the zero line. This suggests that there is still a net inflow of money into the market and that there is solid buying interest behind the uptrend. The fact that CMF remains in the positive area indicates that the price action is not just a reaction rally, but also healthy and strongly supported. The Relative Strength Index (RSI) is flat at 60. This indicates that both the overbought zone is not approached, and the current momentum remains strong. The fact that the RSI remains balanced in this region suggests that the price has not yet exhausted its upside potential and that there is a new area of movement. On the Ichimoku indicator, yesterday’s buy signal remains valid as the price tested the upper band of the kumo cloud. Especially if the price stays above the cloud, it is critical for the positive structure to continue. If the closures continue to come above this level, it both increases technical confidence and supports the continuation of the trend.
Looking at the overall picture, the technical structure for ETH is still positive and the price is likely to continue its upward movement. However, if persistence above the $2.625 level cannot be achieved, retracements may accelerate with short-term profit sales. For this reason, watching how the price will react in the upper band of the cloud will be decisive for the coming process.
Top of Form
Below the Form
Supports 2,533 – 2,254 – 2,130
Resistances 2,736 – 3,062- 3,246
XRP/USDT
XRP continued its upward movement by breaking through the resistance zone at the $2.21 level yesterday evening and, as expected, managed to rise to the intermediate resistance at the $2.27 level. However, with the selling pressure it faced at this point, it retreated to the level of $2.24. The price structure, which is currently trying to stabilize in this region, continues to search for short-term direction, while technical indicators give important signals.
According to the Ichimoku indicator, the price is still moving inside the kumo cloud. This suggests that the uncertainty has not completely disappeared but the positive scenario is still valid. The fact that the tenkan level remains above the kijun level supports the buying momentum. In particular, this structure indicates that the buy signal on Ichimoku remains valid. Although the fact that the price continues to remain in the clouds offers a limited space in terms of directional clarity, it is possible to say that buyers are still strong in the short term. The Chaikin Money Flow (CMF) indicator, on the other hand, remains in positive territory and maintains its upward trend. This indicates that the money inflows in the market continue and the buying movement is still supported. The positive stance in CMF suggests that the price may find strength at support levels and buyer interest continues. On the Relative Strength Index (RSI) side, a more cautious picture has emerged. After reaching the overbought area, the RSI moved slightly downwards with the reaction it received. This reversal indicates a weakening in short-term momentum. However, since the RSI is still at relatively high levels, the declines may be limited at this stage and may only be a respite.
The overall technical structure suggests that the upward trend may continue gradually during the day. However, it is critical for the price to remain above the $2.21 level. If it sags below this support point, short-term correction movements may harden. Therefore, this level should be especially carefully monitored. Above, exceeding $2.27 may facilitate the price to head towards the next resistance zone. The current outlook points to a market where technical indicators remain mostly positive, but the weakening of the RSI is a reminder to be cautious.
Supports 2.2154 – 2.0841 – 2.0402
Resistances 2.3928 – 2.4765 – 2.5900
SOL/USDT
Solana Trump NFTs sent as airdrops to crypto dinner guests. Pump.fun is considering token launch with $4 billion in full diluted value and $1 billion in sales.
SOL price experienced a decline. The asset failed to break the strong resistance at $163.80 and the 200 EMA (Black Line) and retreated about 5%. At the same time, the inverse shoulder-head-shoulder pattern remains valid. This could push the price higher again. On the 4-hour chart, the 50 EMA (Blue Line) continued to be below the 200 EMA (Black Line). This suggests that the bearish trend may continue in the medium term. At the same time, the fact that the price is below both moving averages suggests that the market is currently bearish in the short term. Chaikin Money Flow (CMF-20) is at a neutral level; in addition, a decline in daily inflows could push CMF back into negative territory. Relative Strength Index (RSI-14) has moved back into negative territory. It is also currently testing the uptrend that started on May 31. If it breaks here, the retracement may continue. In case of an uptrend due to macroeconomic data or positive news on the Solana ecosystem, the $163.80 level stands out as a strong resistance point. 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 $150.67 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 150.67 – 144.35 – 138.73
Resistances 163.80 – 171.82 – 181.75
DOGE/USDT
DOGE price continued to maintain a sideways trend. The asset, which is currently priced in the middle of the downward pennant formation, may trigger the $0.21154 level if it breaks this upward. If the retracement continues, the $0.16686 level may be triggered. On the 4-hour chart, the 50 EMA (Blue Line) continues to be below the 200 EMA (Black Line). This shows us that the asset is bearish in the medium term. The fact that the price remains below the two moving averages suggests that the asset may continue to trend lower in the short term. The Chaikin Money Flow (CMF-20) indicator is at a neutral level. In addition, negative money inflows may move CMF into negative territory. Relative Strength Index (RSI-14) continues to be in negative territory. At the same time, it is currently testing the uptrend that started on May 31 as support. If it breaks here, it may be the beginning of a decline. This may continue these rises. The $0.19909 level stands out as a strong resistance zone in the rises that may be experienced 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 $0.16686 level may be triggered. In case of a decline to these levels, the increase in momentum may start a new bullish wave.
Supports 0.18566 – 0.17766 – 0.16686
Resistances 0.19909 – 0.21154 – 0.22632
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