MARKET SUMMARY
Latest Situation in Crypto Assets
| Assets | Last Price | 24h Change | Dominance | Market Cap. |
|---|---|---|---|---|
| BTC | 99,352.21 | 0.87% | 56.18% | 1,96 T |
| ETH | 3,338.19 | 2.12% | 11.46% | 401,53 B |
| XRP | 3.319 | 16.57% | 5.42% | 189,99 B |
| SOLANA | 210.87 | 8.26% | 2.92% | 102,21 B |
| DOGE | 0.3796 | 4.08% | 1.60% | 55,98 B |
| CARDANO | 1.0904 | 4.26% | 1.09% | 38,27 B |
| TRX | 0.2395 | 5.47% | 0.59% | 20,61 B |
| AVAX | 39.80 | 3.72% | 0.47% | 16,39 B |
| LINK | 23.15 | 10.11% | 0.42% | 14,82 B |
| SHIB | 0.00002242 | 2.84% | 0.38% | 13,20 B |
| DOT | 7.211 | 5.09% | 0.32% | 11,10 B |
*Prepared on 1.16.2025 at 14:00 (UTC)
WHAT’S LEFT BEHIND
Trump Open to the Idea of a Strategic Reserve with Digital Currencies
The New York Post reported that Trump is open to the idea of creating a “strategic reserve” that includes US-created digital currencies. Under the “America First” strategic reserve plan, US-based digital currencies such as Solana, USD Coin and Ripple are being prioritized. Trump has met with the founders of these projects in recent weeks and is said to be warm to the proposal.
Jobless Claims in the US
Applications for unemployment benefits in the US were realized above expectations with 217 thousand in the week ending January 11. According to the seasonally adjusted data released by the US Department of Labor, the number of applications, which was previously announced as 201 thousand in the week ending January 4, was revised to 203 thousand.
QCP Capital: CPI Data Eases Market Concerns
QCP Capital noted that yesterday’s lower-than-expected CPI data eased rising inflation concerns in the market and helped global markets to recover.
eToro Files for US IPO: $5 Billion Valuation Target
Retail commerce platform eToro plans to launch an initial public offering (IPO) in New York this year, according to the Financial Times, having filed confidential documents with US regulators. The IPO is expected to value the company at over USD 5 billion.
Pump.fun Sued by Investors
New York-based law firm Burwick has announced that it will take legal action on behalf of investors who suffered losses on Pump.fun. The case involves allegations that the platform allowed harmful content despite charging high fees.
HIGHLIGHTS OF THE DAY
Important Economic Calender Data
| Time | News | Previous |
|---|---|---|
| 16:00 | US FOMC Member Williams Speaks | — |
INFORMATION
*The calendar is based on UTC (Coordinated Universal Time) time zone.
The economic calendar content on the relevant page is obtained from reliable news and data providers. The news in the economic calendar content, the date and time of the announcement of the news, possible changes in the previous, expectations and announced figures are made by the data provider institutions. Darkex cannot be held responsible for possible changes that may arise from similar situations
MARKET COMPASS
In global markets, where expectations regarding the “Trump Trade” and the US Federal Reserve (FED) continued to dominate prices, macro indicators from the world’s largest economy were monitored again today. In December, retail sales increased below expectations, while weekly jobless claims came in higher than expected. We see that the positive perception that emerged after the inflation indicators did not make the feared surprise continues. European stock markets are generally positive. Wall Street is expected to start the new day flat after yesterday’s strong rises. Dollar and bond yields are stable after recent losses. While digital assets took a breather in line with the nature of the market after the rises it recorded after the last positive atmosphere, we saw that XRP was positively differentiated with its unique news flow. We think that there is a higher probability of a rise in crypto assets in the rest of the day and we underline that a sideways movement will not be a surprise. After the macro agenda, the Trump agenda for the digital world may play a more decisive role in prices. Today, apart from FOMC member Williams, Scott Bessent’s speech in the Senate may be important.
From the short term to the big picture.
The victory of former President Trump on November 5, which was one of the main pillars of our bullish expectation for the long-term outlook in digital assets, produced a result in line with our predictions. Afterwards, the appointments made by the president-elect and the increasing regulatory expectations for the crypto ecosystem in the US and the emergence of BTC as a reserve continued to take place in our equation as positive variables. Although it is expected to continue at a slower pace, the preservation of expectations that the FED will continue its interest rate cut cycle (for now) and the volume in ETFs based on crypto assets indicating an increase in institutional investor interest support our upward forecast for the big picture for now. In the short term, given the nature of the market and pricing behavior, we think it would not be surprising to see occasional pauses or pullbacks in digital assets. However, at this point, it is worth emphasizing again that we think that the fundamental dynamics continue to be bullish.
TECHNICAL ANALYSIS
BTC/USDT
US CPI data eased market concerns over rising inflation and contributed to the easing of uncertainties regarding interest rate cuts. This led to a renewed increase in risk appetite in the market. According to the Financial Times, pension funds are reportedly trying to buy Bitcoin. While this development showed that the average age of cryptocurrency investors has increased, it was also considered as a positive data for the future of Bitcoin.
Looking at the technical outlook, in the previous analysis, we noted that technical oscillators have reached the overbought zone and momentum has weakened. Indeed, when we look at the chart, BTC, which is currently trading at 99,100, is trying to hold in the green zone. While the 97,200 level appears as a support point in the correction of the rise, we can say that the image of the price forming a flag-pennant formation attracts attention. In the continuation of the rise, the realization of closures above the resistance level of 99,100 may bring six-digit levels to the agenda again and an attack towards the 101,400 level may come along
Supports: : 97,200 – 95,000 – 92,800
Resistances 99,100 – 101,400 – 103,000
ETH/USDT
Ethereum gained the 3,450 level, which is the sand cloud resistance with the rise yesterday and then retreated with the selling pressure from here and fell to 3,292 support levels during the day. Today, with the news that Trump is open to the idea of creating a reserve with coins in the US, products such as XRP and SOL rose while ETH began to retreat.
Technically speaking, the funding rate and open interest rising again and the lack of spot support as well as the futures side when looking at the Cumulative Volume Delta (CVD) can be listed as negative factors. Looking at the Relative Strength Index (RSI) indicator, it is seen that it made a healthy correction with the reaction it received from the overbought zone. The downward trend in RSI and momentum indicates that selling pressure continues. Chaikin Money Flow (CMF), on the other hand, continues to trend upwards in the positive area, indicating that buyers are starting to gain strength.
As a result, it can be said that it may be healthier to allocate direction according to the breakouts of 3,292 and 3,382 levels for ETH, which is experiencing a slight retracement in a critical decision zone. The breakout of the 3,382 level may trigger a rise again up to 3,452 kumo cloud resistance. A breach of the 3,292 support may restart the downtrend and cause lower support points to be tested.
Supports 3,292 – 3,131 – 2,992
Resistances 3,382 – 3,452 – 3,565
XRP/USDT
Today, with the news that Trump is open to the idea of creating a reserve with coins in the US, XRP continued its rise by exceeding the 3.20 resistance. Technical indicators for XRP, which is momentarily pricing above the 3.30 level, maintain their upward momentum.
The Relative Strength Index (RSI) indicator continues its upward movement in the overbought zone, while Chaikin Money Flow (CMF) and momentum also accompany this rise without a negative divergence.
As a result, while price rises are expected to continue with many positive news such as strengthening ETF expectations and Trump’s warm welcome of the reserve creation plan, it can be said that it is important to pay attention to serious liquidation candles due to inflated indicators.
Supports 2.9851 – 2.7268 – 2.4702
Resistances 3.1991 – 3.3260- 3.5039
SOL/USDT
Solana continued its upward momentum and broke the strong resistance at 209.93. On the 4-hour timeframe, the 50 EMA (Blue Line) continues to be below the 200 EMA (Black Line). At the same time, the asset is above the 50 EMA and the 200 EMA. This suggests that the uptrend may continue in the short term. When we examine the Chaikin Money Flow (CMF)20 indicator, it is in positive territory and inflows are about to reach saturation. This may cause some pullback. However, the Relative Strength Index (RSI)14 indicator is at the overbought level. However, the negative mismatch is noteworthy. This could push the price down to the level of the moving averages. The 222.61 level is a very strong resistance point in the uptrend driven by both the upcoming macroeconomic data and the news in the Solana ecosystem. If it breaks here, the rise may continue. In case of retracements for the opposite reasons or due to profit sales, the 200.00 support level can be triggered. If the price comes to these support levels, a potential bullish opportunity may arise if momentum increases.
Supports 209.93 – 200.00 – 189.54
Resistances 222.61 – 237.53 – 247.53
DOGE/USDT
Doge has continued its uptrend since our analysis in the morning. Looking at the chart, the asset broke the 50 EMA (Blue Line) and 200 EMA (Black Line) to the upside on the 4-hour timeframe. The 50 EMA is also starting to hover above the 200 EMA. This could be the beginning of a medium-term uptrend. However, the rising wedge pattern should be taken into consideration. This could be a sign that the price will retrace. When we examine the Chaikin Money Flow (CMF)20 indicator, it is in positive territory and money inflows continue to increase. However, Relative Strength Index (RSI)14 started to move towards the overbought zone again. The 0.39406 level appears to be a very strong resistance point in the rises due to political reasons, macroeconomic data and innovations in the DOGE coin. In case of possible pullbacks due to political, macroeconomic reasons or negativities in the ecosystem, the 0.33668 level, which is the base level of the trend, is an important support. If the price reaches these support levels, a potential bullish opportunity may arise if momentum increases.
Supports 0.36600 – 0.33668 – 0.30545
Resistances 0.39406 – 0.42456 – 0.45173
LEGAL NOTICE
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.
