TECHNICAL ANALYSIS
BTC/USDT
US President Trump’s crypto and artificial intelligence advisor David Sacks predicted that the stablecoin law will pass the Senate with bipartisan support, emphasising that the regulation will bring clarity and confidence to the sector. On the other hand, Strategy Corporation, which continues to buy Bitcoin, is looking for new financing avenues with a $2.1 billion preferred share issuance plan, while open option positions in Deribit reached $42.5 billion, confirming the rise in the market. Later in the day, US President Trump’s event, which will meet with crypto investors at the gala he will organise, will be followed.
Looking at the technical outlook, as we emphasised in the previous analysis, BTC continues to be priced close to the all-time high level of 111,800 despite the bearish signals in the technical structure. While it is noteworthy that the price maintains its strong stance on this special day, which has a high symbolic meaning for Bitcoin, it is seen that possible movements towards new peaks may be possible if supported by fundamental developments. On short-term charts, BTC is seen trying to form a flag formation within the 110,000 – 112,000 band. At the time of writing, the price is trading very close to the ATH level. On the technical indicators, the wave trend oscillator has also crossed above the overbought zone. This indicates that the price has reached a technical saturation point, while momentum indicators still remain positive, indicating that the rise may continue for a while. In the new peak attempts in the following period, psychological levels rather than obvious technical resistances can be expected to appear as areas where BTC can temporarily take a breather. Especially the 115,000 and 120,000 levels are important in this sense. On the other hand, in a possible correction scenario, 110,000 level can be monitored as short-term support. If this level is broken downwards, 108,560 level will be followed as the next support area.
Supports 110,000 – 109,400 – 108,560
Resistances 111,800 – 115,000 – 120,000
ETH/USDT
ETH, as highlighted in the analysis mentioned in the morning hours, climbed up to $2,700, continuing its upward movement with determination after exceeding the kumo cloud resistance according to the ichimoku indicator. Although there has been some profit realisation-induced retracement at these levels, it is observed that the price generally remains in a positive trend and maintains its upward momentum.
Technical indicators also support this positive outlook. In particular, the fact that the Chaikin Money Flow (CMF) indicator continues to remain in the positive zone and exhibits an upward trend indicates an intense liquidity inflow to the market. On the other hand, the Relative Strength Index (RSI) indicator is approaching the overbought zone, but still continues its healthy upward movement. This provides a strong technical signal that the price may continue to seek new highs instead of consolidating at current levels. Looking at the overall structure of the Ichimoku indicator, both Tenkan and Kijun levels are positioned below the price and the kumo cloud continues to expand upwards, indicating that the uptrend is technically supported. The fact that the price hovers above the cloud and the structure remains positive confirms that the general trend of the market is still up.
As a result, both price action and technical indicators continue to paint a positive scenario for Ethereum in the short term. Especially in the evening hours, if the purchase volume increases, the rise is likely to continue. However, there are also technical levels to be considered at this point. The $2,586 level is in the intermediate resistance position, and a breakout at this level may cause the price to lose momentum and perform a correction movement down to $2,533. Therefore, it is useful for investors to closely follow the price reactions that may occur at these levels.
Supports 2,533 – 2,254 – 2,029
Resistances 2,799 – 3,062- 3,246
XRP/USDT
XRP managed to cross an important technical threshold by giving recovery signals with the support it received from the $2.39 level during the day. Especially according to the ichimoku indicator, the upward crossing of the lower band of the kumo cloud created a positive change in the short-term technical outlook, and after this movement, the price rose to $ 2.45. Although there was a limited pullback towards $2.42 following this rise, the fact that the price is still within the boundaries of the kumo cloud indicates that the structure remains technically positive. This situation indicates that the market shows a tendency towards recovery rather than indecision.
Technical indicators also support this optimistic structure. The fact that the Chaikin Money Flow (CMF) indicator remains in the positive zone and maintains its upward movement reveals that the liquidity flow to the market is strengthening. This is an important technical signal that the buy side is still dominant and the bullishness is not limited to a short-term buying reaction. At the same time, despite the slight pullback observed in the Relative Strength Index (RSI) indicator, the overall structure remains positive, confirming that the bullish momentum continues and the current price action is supported.
In line with this data, if XRP maintains above the $2.39 level, the upward movement has the potential to gain momentum and continue towards the $2.47 resistance. However, if the price drops below the $2.39 level, the possibility of a downward correction process starting with the break of this support level should also be considered.
Supports 2.3928 – 2.2154 – 2.0841
Resistances 2.4765 – 2.5900- 2.8347
SOL/USDT
SOL price continued to rise during the day. The asset continued to consolidate in the $181.75 to $ 163.80 band. Testing the 50 EMA (Blue Line) as support, the price may accelerate from here and test the ceiling level of the band as resistance again. On the 4-hour chart, the 50 EMA (Blue Line) continued to remain above the 200 EMA (Black Line). This indicates that the uptrend may continue in the medium term. In addition, the price is above both moving averages, signalling that the market is currently bullish. Chaikin Money Flow (CMF-20) is in positive territory; in addition, an increase in daily inflows may move CMF to the upper level of the positive zone. Relative Strength Index (RSI-14), on the other hand, is in positive territory and continued to be above the uptrend that started on May 19. This indicates that buying pressure is increasing. However, approaching the overbought zone may cause profit sales and cause a retreat. In the event of an uptrend due to macroeconomic data or positive news about the Solana ecosystem, the $181.75 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 realisations, 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 moved sideways during the day. The asset tested the ceiling of the descending triangle formation that started on 11 May with the support of the 50 EMA (Blue Line) during the day and broke the triangle formation upwards by breaking it. If the rise continues, the resistance level of $ 0.25025 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 is above both moving averages shows us that the asset is willing to go up in the short term. The Chaikin Money Flow (CMF-20) indicator is in positive territory. In addition, a slight decrease in money inflows may bring CMF to the low levels of the positive zone. Relative Strength Index (RSI-14), on the other hand, continued to be in the positive zone and is above the uptrend that started on 17 May. This indicates that buying pressure continues. However, negative discrepancy should be monitored. In case of possible rises in line with political developments, macroeconomic data or positive news flow in the DOGE ecosystem, the $0.25025 level stands out as a strong resistance zone. In the opposite case or possible negative news flow, the $0.22632 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
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.
