Technical Analysis
BTC/USDT
Elon Musk’s statement of regret following his criticism of President Trump signaled an easing of political tensions between the two men. Trump, however, expressed his “disappointment” in Musk, although he did not rule out the possibility of reconciliation. On the same day, the Trump administration announced a major victory in the legal battle over tariffs, with the Federal Court of Appeals upholding the President’s authority to impose tariffs. On the other hand, Ukraine introduced a new draft law with the possibility of including crypto in state reserves. In the data set, US CPI data was announced as 2.8% on an annual basis, below expectations, while the expectation for a September interest rate cut gained strength. News flow and US stock markets will be followed for the rest of the day.
When we look at the technical outlook after the latest developments, it is seen that the BTC price traded just above the 109,000 level during the day and reached 109,700 levels with a slight rise after the inflation data. Consolidating in the minor band range, BTC has yet to make a clear directional breakout. From a technical perspective, the wave trend oscillator continues to signal a sell signal in the overbought area, while the momentum indicator remains weak and indecisive. The Kaufman moving average sits just below the price at 108,800, acting as short-term support.
Although the technical structure raises the possibility of a correction for BTC, fundamental developments continue to drive the price. This situation keeps the desire to go up alive as the price maintains its strong stance despite technical mismatches.
However, in light of the current technical indicators, there does not seem to be enough ground for BTC to head towards the ATH level after this stage. Therefore, whether the price can maintain its critical support at 109,000 will be important in terms of short-term direction. If the 109,000 level is broken to the downside, BTC may test the liquidity area above 106,000 and then rebound to the upside. This could be possible with a spike-type move. On the other hand, if the price continues to rise without correction after the current consolidation process, the 110,000 level will stand out as the first resistance before the ATH. A break of this level could lead the price to quickly test 111,970, the ATH point. However, such a rise may also bring reverse trading opportunities. On the other hand, closures above 111,000 could pave the way for new highs for BTC.
Supports 109,000 – 107,300 – 106,000
Resistances 110,000 – 111,000 – 111,970
ETH/USDT
ETH retreated to the level of $2,750, exhibiting a downward movement in line with expectations during the day. However, the announcement of the Consumer Price Index data from the US below expectations increased the risk appetite in the markets and as a result, the ETH price rose above the $ 2,800 level again. This recovery is not only limited to price action, but also reveals that positive signals are strengthening on the technical indicators.
When the Cumulative Volume Delta (CVD) indicator is analyzed, it is seen that the selling pressure in the spot markets has weakened and the buy side has started to gain weight again. This indicates that confidence in the market has been restored and buyers are playing a more active role in the search for short-term direction. This outlook in CVD is also supported by the Chaikin Money Flow (CMF) indicator. The upward trend in CMF indicates that net liquidity inflows to the market have started and capital flows have turned positive.
On the other hand, the Relative Strength Index (RSI) had experienced a short correction after breaking out of the overbought zone a while ago. However, it has now re-entered the overbought zone, suggesting that the bullish momentum is still strong and the market is likely to maintain its upward momentum. This behavior of the RSI is an important technical signal of continued buying power and investors’ support for current price levels.
On the Ichimoku indicator side, the price holding above the tenkan level indicates that the short-term positive trend continues. The fact that the cloud structure remains upward and the price moves above the Ichimoku components confirms that the overall structure is still intact and the bullish outlook is maintained.
Against this technical backdrop, a daily close above ETH’s $2,857 resistance in the evening hours could pave the way for sharp upside moves and allow the price to target higher levels with renewed momentum. However, below, the $2,736 level stands out as a critical support . If the technical structure weakens below this level, the technical structure may weaken and short-term bearish pressure may reappear. Therefore, both the resistance level above and the support zone below could be decisive for ETH price in the coming hours.
Supports 2,736 – 2,533 – 2,254
Resistances 2,857 – 3,062- 3,246
XRP/USDT
Although XRP tested the $2.32 level twice during the day, it failed to break through this zone and retreated both times, facing selling pressure. Although price action remains limited in the short term, technical indicators continue to generate positive signals, especially on the volume side.
The upward trend in the On Balance Volume (OBV) indicator suggests that the price is supported by volume and buyers are still active.
Analyzing the Ichimoku indicator, XRP price continues to persist above the tenkan line. This indicates that the short-term trend remains positive, while at the same time, the upward expansion of the kumo cloud indicates that the positive structure continues in the medium term. The widening of the cloud suggests that the market is ready to price upwards in a wider range and that support levels are consolidating.
There are also noteworthy developments on the Relative Strength Index (RSI). During the day, RSI crossed the based moving average line and reaffirmed the bullish trend.
The Chaikin Money Flow (CMF) indicator, on the other hand, has retreated slightly in recent hours, but still remains in positive territory in terms of overall structure. This shows that the liquidity entering the market has not been cut and the capital flow continues in favor of XRP. The fact that CMF remains in positive territory means that the price may regain strength in areas where it finds support.
When the overall technical structure is evaluated, it is predicted that the rise may gain momentum if XRP exceeds the resistance range of $2.32 – $2.33 in the evening, supported by volume. Persistence above these levels may allow the price to target higher levels. On the other hand, the $2.27 level stands out as a critical intermediate support in the short term. If this level breaks down, the price may show a downward trend and bearish pressure may increase. Therefore, both the $2.33 resistance and the $2.27 support should be carefully monitored in terms of the direction of XRP in the coming hours.
Supports 2.2154 – 2.0841 – 2.0402
Resistances 2.3928 – 2.4765- 2.5900
SOL/USDT
SOL price continued its uptrend during the day. The asset managed to break the strong resistance at $163.80 and stay above this level. If the upward momentum continues, it may test the $171.82 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 above both moving averages suggests that the market is currently bullish in the short term. Chaikin Money Flow (CMF-20) continues to be in positive territory; in addition, an increase in daily inflows could push CMF to the upper levels of the positive zone. Relative Strength Index (RSI-14) continued to be in positive territory. It also managed to stay above the uptrend that started on June 5. This could keep the uptrend going. On the other hand, being in the overbought zone may bring profit sales. This could trigger a pullback. In case of an uptrend on the back of macroeconomic data or positive news on the Solana ecosystem, the $171.82 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 163.80 – 150.67 – 144.35
Resistances 171.82 – 181.75 – 189.54
DOGE/USDT
Dogecoin jumped over 6% after Elon Musk publicly apologized for his disagreement with President Trump.
DOGE price was bullish during the day. The asset managed to stay above the uptrend that started on June 6, gaining momentum from the 50 EMA (Blue Line). It is currently testing resistance at 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 the continuation of the uptrend. However, being in overbought territory may trigger profit sales. The $0.21154 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 $0.18566 level may be triggered. In case of a decline to these levels, the momentum may increase and a new bullish wave may start.
Supports 0.19909 – 0.18566 – 0.17766
Resistances 0.21154 – 0.22632 – 0.25025
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