Technical Analysis
BTC/USDT
Minneapolis Fed President Neel Kashkari stated that tariff negotiations between the US and China could last for months or even years. Kashkari said that the impact on inflation could emerge over time, adding that current interest rates are “probably only moderately restrictive”. On the other hand, Hassett, director of the US National Economic Council, said that tariffs in some countries could fall to 10% or less. He stated that agreements with some countries on tariffs may come this week. In the rest of the day, the US consumer confidence index and the Bitcoin 2025 conference will be followed, and we can say that futures in the US market are positive.
Looking at the technical outlook with the latest developments, BTC continues to move within the short-term falling minor trend channel. Although the upper band of this channel was tested for the second time during the day, a breakout has not yet occurred. As we mentioned in the previous analysis, the sell signals on technical oscillators have been replaced by buy signals, and momentum indicators confirm this outlook, indicating that the technical ground for bullishness is strengthening. In particular, the 110,000 level stands out as a critical resistance point. A breakout of this level on volume could allow the price to retest the ATH level of 111,960 and open the door to new highs by exceeding this level. On the other hand, if the 110,000 level is not breached, the market may face selling pressure again. In this scenario, the 109,000 level stands out as the first minor support point, while below this level, the 107,300 level should be monitored as a stronger support. Analyzing the liquidation data, heavy buying positions are noteworthy, especially at the 105,800 level. Due to the long positions accumulated at this level, it can be considered as a possible scenario for BTC to inject a needle into this region for liquidity cleaning with an extra news flow. After such a move, it may be effective for the price to recover quickly and gain a new upward momentum.
Supports 109,000 – 107,300 – 105,800
Resistances 110,000 – 111,960 – 115,000
ETH/USDT
ETH continued its uptrend during the day, climbing to around $2,650. Although there was a slight retracement at this level as a result of a short-term profit realization, it is seen that the positive momentum is maintained in general outlook. When price movements are analyzed, it is noteworthy that technical indicators also support the current rise.
Based on the Ichimoku indicator, the price breaking above the kumo cloud stands out as an important structural breakout. Immediately after this breakout, a classic buy signal was formed as the Tenkan level crossed the Kijun level upwards. While this structure indicates that the trend may continue upwards, the technical basis for buying positions is strengthened if the price continues to stay above the cloud. The Chaikin Money Flow (CMF) indicator also remains in positive territory, confirming continued capital inflows. The upward trend of CMF indicates that the interest in the market is alive and the buy side continues to dominate. The Relative Strength Index (RSI) indicator, on the other hand, has experienced a limited pullback after the recent rise, but still remains above the 50 level, maintaining its structural positivity.
Overall, there is a potential for a new bullish move towards the resistance point at $2,799 if the price continues to stay above the kumo cloud boundaries during the evening hours. However, this scenario is conditional on the price holding above the cloud. In the opposite case, that is, if the price slips below the kumo cloud, the upside momentum could weaken, and this could bring about sharp selling pressures.
Supports 2,533 – 2,254 – 2,029
Resistances 2,799 – 3,062- 3,246
XRP/USDT
XRP caught an upward momentum during the day and managed to break the Tenkan level and rose as high as $2.32. This move also triggered a technically important pattern. Especially with the completion of the double bottom formation pattern, a structure has been formed in which the rise is technically supported and buying expectations are strengthened. If this pattern works, the potential for the price to continue its upward movement is quite high.
Technical indicators also support this positive scenario. Chaikin Money Flow (CMF) indicator maintained its upward trend, pointing to continued capital inflows. Relative Strength Index (RSI), on the other hand, has moved above the based MA line. This development confirms that the current uptrend has gained momentum and the buying appetite in the market has started to increase. If the RSI continues this trend, the deepening of the upward movement may be technically supported.
Overall, there is a strong likelihood that the price will rally towards the Kijun level and then towards the resistance point at $2.39 in the evening. However, this scenario is conditional on the price staying above the $2.27 level. If this level is breached downwards, the positive structure may be disrupted and a bearish correction may begin. Therefore, the intermediate support level of $2.27 should be followed as a critical threshold in the short term.
Supports 2.2154 – 2.0841 – 2.0402
Resistances 2.3928 – 2.4765 – 2.5900
SOL/USDT
The SOL price was bullish during the day. The asset continues to accumulate in the range of $163.80 and $181.75. The price accelerated upwards from the strong support level at $171.82 and the uptrend that started on May 19. It also broke the 50 EMA (Blue Line) moving average to the upside and continued its uptrend. On the 4-hour chart, the 50 EMA (Blue Line) remained above the 200 EMA (Black Line). This suggests that the bullish trend may continue in the medium term. Also, the fact that the price is between both moving averages suggests that the market is currently in the decision phase. 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) is back in positive territory. It also remained above the uptrend that started on May 25. This signals that the bullish dynamics are strengthening again. 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 was slightly bullish during the day. The asset broke the uptrend that started on May 17 to the downside and lost its bullish momentum. The asset tested the uptrend as resistance and lost from there. The price, which is currently testing the 50 EMA (Blue Line) as support, may test the downtrend 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 above both moving averages shows us that the asset has an upward trend in the short term. The Chaikin Money Flow (CMF-20) indicator is in positive territory. In addition, positive money inflows may move CMF to higher levels of the positive zone. Relative Strength Index (RSI-14), on the other hand, remained neutral and insensitive to the direction. The $0.25025 level stands out as a strong resistance zone in case of a possible rise 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 – 0.21154 – 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.
