Technical Analysis
BTC/USDT
Institutional investors’ interest in Bitcoin continues unabated. While the number of publicly traded companies holding Bitcoin as a reserve asset has risen to 126, 22 new companies have joined this list in the last 30 days. MicroStrategy founder Michael Saylor made a remarkable call to Apple: “Buy Bitcoin.” Saylor argued that it would be more efficient for Apple to direct its cash reserves to BTC compared to share buyback programs. On the other hand, negotiations between the US and China continued on the second day, with US President Trump and US Secretary of Commerce Lutnick supporting the negotiations, while Chinese President Wang called for resolving disputes through dialogue. In the rest of the day, the details of the negotiations and possible statements will be followed as well as the US stock markets.
When we look at the technical outlook with the latest developments, it is seen that BTC price retreated to 109,000 support during the day and reacted from this level. Although technical indicators for BTC, which is trading only 2% away from the ATH level, have reached the overbought zone, it is noteworthy that the price remains above 109,000. This suggests that the market remains strong and optimistic expectations remain despite the technical saturation point. The sell signal is evident on the Wave trend oscillator, which raises the possibility of a correction in the short term, while momentum indicators have started to weaken. Nevertheless, the upbeat market sentiment driven by fundamental developments is still driving the price. Especially in the last 4 hours candle, the price’s indecisive and volume-less course is noteworthy, indicating that the uptrend is losing momentum in the short term. If the price retreats again before reaching the ATH, the 109,000 level will remain important as critical support. In the event of a short-term pin below this level, a “liquidity decline” followed by a rapid recovery could pave the way for new peak attempts. As a result, although there are signs of indecision in the short term, as long as the persistence above the 109,000 level continues, the possibility of the price testing the ATH level remains strong with the support of fundamental developments.
When we look at the liquidation data, we see that buying positions are concentrated while selling positions are scattered and weak. This suggests that if the price tests the ATH level, it may face selling pressure in this region.
Supports 109,000 – 107,300 – 106,000
Resistances 110,000 – 111,000 – 111,970
ETH/USDT
ETH rose as high as $2,736 after experiencing a slight pullback during the day as expected. The price, which managed to exceed this level, managed to rise up to $2,800. However, it retreated a little due to the increasing selling pressure here. Still, it manages to stay above $2,736 and maintains its positive course. This shows that buyers continue to dominate the market and the upward trend is still strong.
Looking at the technical indicators, Chaikin Money Flow (CMF) continues to remain in positive territory. This suggests that interest in Ethereum is still alive and the money coming into the market is supporting the uptrend. The upward movement of CMF suggests that buyers are still in control and the price is supported.
On the other hand, the Relative Strength Index (RSI) continues to rise in overbought territory. While this suggests that the price is regaining upside momentum in the short term, the RSI hovering at these levels keeps the possibility of a correction on the agenda.
The Ichimoku indicator also supports bullish signals. Especially with the recent rise, the cloud turned green again, indicating that the positive trend may continue. This outlook suggests that the market is still bullish and the general trend can be maintained even if a correction comes. In a possible pullback, the Tenkan line at $2,640 could work as a strong support. This area stands out as an area where the price may find balance in short-term sales and buyers may re-engage.
In general, it is important for ETH to remain above $2,736 in the evening hours for the continuation of the uptrend. If this level is maintained, the price is likely to exceed the $2,800 resistance. However, if it sags below $2,736, there may be a pullback to $2,640. Therefore, although the current picture is positive, investors should be especially careful about short-term fluctuations.
Supports 2,533 – 2,254 – 2,029
Resistances 2,736 – 3,062- 3,246
XRP/USDT
XRP retreated to the $2.27 level during the day, as expected. With the purchases coming from this region, the price managed to turn its direction up again and rise above the $2.30 level. This bullish movement reveals that the positive structure in technical indicators is maintained and buyers are still active. This recovery of the price shows that the overall perception of the market remains positive and investors continue their bullish expectations.
From a technical perspective, it is important to note that the price did not break below the Tenkan line on the Ichimoku indicator. This suggests that the short-term uptrend is still valid and buyers are playing defense at these levels. The Kumo cloud also continues to expand upwards, which is a strong signal that the trend is positive. This green appearance in the structure of the cloud confirms that the overall direction of the market is upwards.
The Chaikin Money Flow (CMF) indicator also supports this picture. The indicator’s upward movement in the positive area shows that liquidity inflows to XRP continue and these inflows are effective in moving the price up. The fact that CMF maintains its upward trend indicates that investor interest continues and the pressure on the buying side is strong.
Although the Relative Strength Index (RSI) recently produced a short-lived sell signal with a double top pattern in the overbought area, it moved back to the upside after this pattern, signaling a recovery in momentum. This revival in the RSI suggests that the uptrend may not only be a technical reaction but also the result of a strengthening market dynamic.
When all these indicators come together, it seems quite likely that XRP will continue its upward movement during the day. However, this positive picture could be undermined if it slips below the $2.27 level. Such a scenario could lead to a weakening in momentum, causing the price to head lower.
Supports 2.2154 – 2.0841 – 2.0402
Resistances 2.3928 – 2.4765- 2.5900
SOL/USDT
SOL Strategies announced that it has filed a preliminary prospectus to raise up to $1 billion to expand its investments in the Solana blockchain ecosystem.
SOL price moved sideways during the day. The asset managed to break above the 200 EMA (Black Line), a strong resistance place, to the upside. It is currently testing the 200 EMA as support. If the upward momentum continues, it may test the $163.80 level as resistance.
On the 4-hour chart, the 50 EMA continued to be below the 200 EMA. This suggests that the bearish trend may continue in the medium term. At the same time, the fact that the price is in between both of them suggests that the market is currently in a short-term decision phase. Chaikin Money Flow (CMF-20) crossed into positive territory; in addition, an increase in daily inflows may push CMF to the upper levels of the positive zone. Relative Strength Index (RSI-14) remained in positive territory. It also managed to stay above the uptrend that started on June 5. This may ensure the continuation of the uptrend. On the other hand, there is a negative mismatch. This could trigger a pullback. The $163.80 level stands out as a strong resistance point in case of an uptrend 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 $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 rise during the day. Gaining momentum from the uptrend that started on June 6, the asset is currently preparing to test the 200 EMA (Black Line). If it breaks here, the strong resistance level of $ 0.21154 should be followed.
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 is between two moving averages indicates that the asset is in the decision-making phase in the short term. The Chaikin Money Flow (CMF-20) indicator continued to be in positive territory. In addition, negative inflows may move CMF into negative territory. Relative Strength Index (RSI-14) is in positive territory. At the same time, it continued to be above the uptrend that started on June 6. This may ensure a continuation of the uptrend. The $0.19909 level stands out as a strong resistance zone in the 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 $0.18566 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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