TECHNICAL ANALYSIS
BTC/USDT
Trade relations between the US and the European Union seem to have entered a constructive process despite tensions over tariffs. EU Commission Vice President Maroš Šefčović stated that talks with US officials are progressing positively, while on the financial front, the US Treasury Department’s $100 billion bond buyback program attracted attention. In global markets, a new door opened in the crypto world with the launch of Bitcoin futures by the Moscow Stock Exchange, while internet searches for Bitcoin decreased significantly. In the rest of the day, Fed members’ statements as well as the “Beige Book” report on the US economy will be followed.
Looking at the technical outlook, BTC followed a sideways trend with low volatility during the day and then fell just below the 105,000 support in the last hour, showing a slight sellers’ trend again. The ongoing sell signal on the Wave Trend oscillator and the weak outlook of momentum indicators continue to weigh on the price.
If the price breaks below the 105,000 support level, which is the bottom line of the current trend, we will monitor whether to liquidate the buying positions at the 104,000 level, as we have emphasized in previous analysis. If it holds above this level and hourly closes come in, BTC has the potential to regain bullish momentum. In this scenario, the 107,300 level, indicated by the orange dashed line, is critical resistance. If this level is exceeded, an acceleration in the trend can be seen with the upward liquidity intake. However, if the price fails to hold at this level, it may increase selling pressure and lead to reverse trading opportunities. Such a development may confirm the continuation of the downtrend structure since the ATH level and may cause the price to test lower levels.
Supports 105,000 – 104,000 – 103,300
Resistances 106,000 – 107,300 – 108,500
ETH/USDT
After breaching the upper band of the Ichimoku cloud at $2,625 during the day, ETH retreated slightly following the US non-farm payrolls data, which came in well below expectations. This move has led to some short-term weakness in technical indicators, but the overall outlook remains positive for now.
Looking at the price action, the recent candlesticks forming a doji pattern and the price hovering at the upper boundary of the cloud suggests that the market is currently undecided about the direction. Such uncertainty is especially common near important technical levels. On the Ichimoku indicator, although the price has yet to hold clearly above the cloud, it remains above the Tenkan level, suggesting that the bullish trend is not completely lost. This level stands out as the main support area that the market is holding on to in the short term.
Although Chaikin Money Flow (CMF) signaled some weakness by falling to zero during the day, the fact that it recovered from this region and continued its upward movement reveals that there is still a buying interest in the market. The rapid recovery of CMF, especially despite the initial sell-off following the employment data, suggests that some investors are taking this decline as an opportunity.
RSI, on the other hand, shows a horizontal movement and does not give a clear signal about momentum. This shows that the market continues to remain balanced in the neutral zone for now.
In the coming period, if the price sags below the Tenkan level, it may be possible that the sales may increase a little more and the price may retreat to the Kijun level at $2,560. However, if there is a persistence above the $2,625 level, the upward movement may regain momentum and higher levels may be targeted. As of now, the price seems to be in an important decision zone; both buyers and sellers are cautious at these levels.
Supports 2,533 – 2,254 – 2,029
Resistances 2,736 – 3,062- 3,246
XRP/USDT
XRP moved in a narrow band throughout the day, pricing between the Tenkan level and intermediate resistance at $2.27. This sideways movement suggests that traders remain indecisive about the direction and short-term uncertainty remains in the market. Although technical indicators are still generally on a positive ground, some signs of weakness have started to attract attention. Staying above the $2.21 level plays a critical role in maintaining the current positive structure.
The Chaikin Money Flow (CMF) indicator remained in positive territory and trended upwards, indicating that money entering the market is still concentrated on buying and liquidity flows remain positive. This suggests that investor interest has not completely disappeared.
However, the downward trend on the RSI side is noteworthy. This weakening in momentum suggests that upside attacks remain limited and buyers are cautious in the short term.
When the Ichimoku cloud is analyzed, the fact that the price is holding above the Tenkan level despite remaining in the cloud indicates that the positive structure in the general outlook continues. This shows that the price continues to feed from the supportive technical structure, although it has not yet made a strong breakout.
If the price manages to stay above the Tenkan level for the rest of the day, a retest of the intermediate resistance at $2.27 and an upward movement towards this level seems likely. However, exceeding this level will be necessary for a new momentum. On the other hand, if the price dips below the $2.21 level, the technical structure could quickly weaken, which could pave the way for a harder sell-off. For this reason, the movement of the price around both the Tenkan and the $2.21 level is critical in determining the direction in the short term.
Supports 2.2154 – 2.0841 – 2.0402
Resistances 2.3928 – 2.4765- 2.5900
SOL/USDT
SOL price moved sideways during the day. The asset remained within the 200 EMA (Black Line), which is a strong resistance at 150.67 and a strong support at 150.67. 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
The DOGE price continued to maintain a horizontal trend during the day. The asset, which is currently testing the base level of the downward pennant pattern as support, may trigger the $ 0.16686 level if it breaks this downward. If the upward acceleration continues, it may test the $ 0.21154 level.
On the 4-hour chart, the 50 EMA (Blue Line) continues to be below the 200 EMA (Black Line). This suggests 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 has broken the downward uptrend that started on May 31. This could be the beginning of a decline. The $0.19909 level stands out as a strong resistance zone in the event of an uptrend 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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The investment information, comments and recommendations contained herein do not constitute investment advice. Investment advisory services are provided individually by authorized institutions taking into account the risk and return preferences of individuals. The comments and recommendations contained herein are of a general nature. These recommendations may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not produce results in line with your expectations.
