Technical Analysis
BTC/USDT
Following the tracker information, Strategy reported that it spent approximately $427.1 million to purchase 4,020 more Bitcoin at an average purchase price of $106,237. The company’s total BTC holdings reached 580,250 units, with an average cost of $70,000. US President Donald Trump said in a statement that the number of countries around the world that want to make a trade deal with the US is increasing. While reiterating that the US stock markets are closed for the rest of the day, instant developments and statements will continue to be the focal point of the market.
Looking at the technical outlook following the recent developments, BTC is seen moving back towards the peak level after a correction within the major uptrend. BTC, which exhibited a technically strong structure with the expected completion of the bowl formation, tested the minor resistance at 110,000 during the day, but has not yet been able to break through this level. While the Wave Trend Oscillator still maintains a buy signal, momentum indicators are also expected to rebound upwards during the day. This increases the potential for the price to head back towards the ATH (all-time high) level of 111.960 upon the completion of the bowl pattern. In such a scenario, the technical target of the pattern could lead to a test of new highs. Especially BTC’s recent pricing in line with its own dynamics and the supportive news flow on the fundamental side pave the way for an upward movement. However, from this point on, resistance levels have turned into more psychological barriers. On the other hand, the 109,000 level stands out as the first important support in a possible pullback scenario. If this level is broken, the selling pressure may deepen and the price may retreat towards the 107,300 – 105,800 range.
Supports 109,000 – 107,300 – 105,800
Resistances 110,000 – 111,960 – 115,000
ETH/USDT
After rising to the Tenkan resistance at $2,599 during the day, ETH retreated with selling pressure from this area and is trading around $2,567 at the time of writing. This intraday price action has not led to a significant deterioration in the overall positive structure of technical indicators. This short-term correction is not yet strong enough to signal a change in direction in the market structure.
When the indicators are analyzed from a technical perspective, the recovery in the Chaikin Money Flow (CMF) indicator is particularly noteworthy. CMF, which fell as low as zero during the pullback, is on the rise again, indicating that liquidity continues to flow into the market and a certain resistance has formed on the buy side. This indicates that despite the price pressure, the market has not completely weakened and demand remains buoyant. On the Ichimoku indicator, although the price is still hovering above the kumo cloud, indicating that the overall trend remains positive, the current pricing is stuck between the Tenkan and Kijun levels, which does not provide a clear signal about the direction. This outlook suggests that the market is in an indecisive zone and the balance between buyers and sellers is not yet clear.
In light of this technical picture, if the short-term support line at $2,533 in the evening hours is maintained, a limited upward reaction movement can be seen in Ethereum. However, if this support is broken downwards, it is possible that the selling pressure will deepen and steeper declines may be seen. For this reason, the $2,533 level stands out as a critical threshold for short-term pricing.
Supports 2,533 – 2,254 – 2,029
Resistances 2,799 – 3,062- 3,246
XRP/USDT
After retreating to the $2.33 levels during the day, XRP is showing a slight recovery trend as buyers stepped in in this region. At this stage, the price action is supported by an unstable but limited positive momentum.
When technical indicators are evaluated, the recent outlook in the Chaikin Money Flow (CMF) indicator is particularly noteworthy. CMF, which switched to the positive zone after intraday sales, indicates that liquidity has started to enter the market again and this situation supports the upward movement. On the other hand, the Ichimoku indicator remains negative. The fact that the price is still below the kumo cloud indicates that the overall trend remains negative and the current recovery is not yet strong enough to reverse the main trend. This suggests that the upside may remain limited and selling pressure is likely to re-emerge at resistance levels. The Relative Strength Index (RSI) indicator presents a more optimistic picture. The indicator continues its upward movement, holding above the based MA line, indicating that momentum is starting to strengthen.
As a result, XRP is likely to make a move towards the $2.39 level in the evening. However, in order for this movement to gain permanence, it is critical for the price to hold above the Tenkan support, especially at the $2.31 level. Closes below this level could weaken the upward momentum and bring renewed selling pressure.
Supports 2.2154 – 2.0841 – 2.0402
Resistances 2.3928 – 2.4765 – 2.5900
SOL/USDT
Solana has announced a change to its consensus protocol to improve the performance of the network. The new implementation, Alpenglow, reduces latency to near Web2 levels, making Solana competitive with Web2 providers. Axiom has gained traction in the market, generating $13.34 million in weekly revenue. The platform has a 57.7% share in the activity of Solana-based trading bots.
The SOL price continued its sideways trend during the day. The asset continues to accumulate in the $163.80 and $181.75 band. The price remained at the upper level of the band, supported by the strong support level at $171.82 and the 50 EMA (Blue Line). If it breaks the $181.75 level to the upside, the uptrend may continue. For closes below the $171.82 level, the $163.80 level can be followed. On the 4-hour chart, the 50 EMA (Blue Line) continued to remain above the 200 EMA (Black Line). This indicates that the upward trend may continue in the medium term. Also, the fact that the price is above both moving averages suggests that the market is currently bullish. Chaikin Money Flow (CMF-20) is in positive territory; in addition, a decline in daily inflows could move CMF into negative territory. Relative Strength Index (RSI-14), on the other hand, is in positive territory and broke the downtrend that started on May 23 to the upside and moved up to the mid-level of the positive zone. However, it has lost momentum and is experiencing selling pressure. The $181.75 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 $ 163.80 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
DOGE price continued its sideways trend during the day. The asset broke the uptrend that started on May 17 to the downside and lost its bullish momentum. Testing the uptrend as resistance, the asset is currently testing the 50 EMA (Blue Line) as resistance. If it breaks here, the $0.25025 level can be followed. On the 4-hour chart, the 50 EMA (Blue Line) continued to be above the 200 EMA (Black Line). The fact that the price remains between both moving averages shows us that the asset is in the decision phase in the short term. The Chaikin Money Flow (CMF-20) indicator is in neutral territory. In addition, a slight positive showing of money inflows may bring CMF to the positive zone. Relative Strength Index (RSI-14) rose to neutral from negative territory. The $0.25025 level stands out as a strong resistance zone in the case of possible rises 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 – 0.22632- 0.19909
Resistances 0.25025 – 0.28164 – 0.30545
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