Technical Analysis
BTC/USDT
Signals of both tension and easing are being observed in US-China relations. President Donald Trump announced that a 100% tariff would be imposed on Chinese goods starting November 1 and that restrictions would be placed on certain software exports, but shortly thereafter softened his diplomatic tone by saying, “We want to help China.” Vice President Vance said he believed “rational negotiations” between the two countries were possible. The Beijing administration, however, described the US’s actions as “double standards” and announced that they were prepared to take countermeasures. Amid these developments, permanent layoffs began in nine ministries during the US government shutdown, and it was announced that unused R&D funds would be redirected to salary payments.
Looking at the technical picture, last week BTC gave short-term weakening signals with the flag formation it created around its all-time high (ATH). Following this technical structure, the price experienced a sharp pullback with the loss of the $119,000 level, the lower band of the minor downtrend. Influenced by fundamental factors, the price spiked down to the $101,500 level. However, it rebounded strongly from this area and quickly recovered. BTC spent the weekend in the $110,000–$113,000 range and gained upward momentum again with the new week, breaking above the critical $115,000 resistance level.
Technical indicators support the price’s recovery trend in the current outlook. The Wave Trend (WT) oscillator confirmed the trend reversal with a buy signal generated in the oversold zone. In the Squeeze Momentum (SM) indicator, the histogram is preparing to move into positive territory, and the upward momentum is starting to gain strength. Furthermore, the Kaufman moving average (KAMA) is currently at $112,900, positioned below the price and providing technical support for the uptrend.
An analysis of liquidation data reveals a noticeable increase in buy positions recently. Along with this, high-volume liquidations occurred at the levels of 119,000, 117,400, 111,600, and 108,600, respectively.With the recent rise, buy-side liquidity accumulation has intensified again around $111,500, while the sell side has formed a strong accumulation in the $120,000–$126,000 range. The sharp pullback following the recent decline resulted in the largest liquidation in crypto history, amounting to $19.32 billion.
In summary, the rise in BTC on the fundamental side is supported by increased institutional demand driven by ETFs, expectations of Fed interest rate cuts, a growing positive correlation with gold, and October’s historically strong cyclical structure. However, Trump’s new tariff threat against China weakened global risk appetite, creating selling pressure on the markets. Technically, BTC reached saturation point by testing its all-time high (ATH) at $126,198. After this level, liquidity data became the main factor triggering a corrective move in the price.
As selling pressure deepened, the support levels of $120,500 and then $115,000 were broken down in the short term. Despite this, the price maintained its structurally bullish outlook and rebounded quickly. At this stage, the $115,000 level will be monitored as a critical reference area. Daily closes above this level could strengthen the price’s potential to move back towards the ATH region. In an upward scenario, the 117,400 USD resistance area is expected to be regained first. In the event of a possible new wave of selling, the 115,000 USD level will continue to be monitored as an important support point in the short-term outlook.
Supports 115,000 – 112,800 – 111,500
Resistances 117,400 – 119,000 – 120,500
ETH/USDT
The ETH price experienced a sharp sell-off on Friday following Trump’s announcement of tariffs on China, falling to $3,435. This decline stood out as one of the strongest sell-offs in the market in recent weeks. However, heavy buying at this level allowed the price to recover quickly. With buyers responding strongly at this level, ETH rose to a resistance level of $4,196 over the weekend amid sharp fluctuations. The market’s movement during this period indicates that volatility remains high and the search for short-term direction continues.
The RSI (Relative Strength Index) indicator’s rapid recovery to above the 50 level after falling to the oversold zone signals that momentum is regaining strength. This reversal indicates that buyers are returning to the market and that the price has increased potential for upward movement. The RSI’s current position supports the formation of positive momentum in the short term and the possibility of continued upward movement.
The price initially dipping below the Kumo cloud created a short-term negative outlook during a period of intense selling pressure. However, the subsequent rapid recovery and the price rising above both the Tenkan and Kijun levels reversed this negative signal. This development indicates that the short-term trend has regained its upward momentum and that the market has entered a recovery phase after a temporary correction. Furthermore, the price starting to trade within the kumo cloud again suggests that the market has returned to its equilibrium point and entered a new consolidation period for the direction to become clearer.
The Chaikin Money Flow (CMF) indicator remaining in negative territory indicates that the rallies are not yet supported by strong liquidity inflows. This situation shows that although buyers are active in the market, large capital inflows have not yet begun and price increases may be fragile in the short term. If the CMF moves into positive territory, the rally can be expected to settle on a more solid footing.
Technically, the $4,196 level is a critical resistance point in the short term. A sustained close above this level will be decisive for the continuation of the uptrend. In this case, the price is expected to move towards the $4,308 region and encounter short-term profit-taking here. If the uptrend breaks through this threshold, the $4,442 level could become the next target. On the downside, the $3,990 level stands out as a strong support area. The price holding above this level will ensure that the recovery trend is maintained. However, closes below this support zone could lead to renewed selling pressure and cause the price to retreat to the $3,816 level.
Support Levels: 3,990 – 3,816 – 3,672
Resistances: 4,196 – 4,308 – 4,442
XRP/USDT
The XRP price fell to $1.25 on Friday amid a sharp decline in the cryptocurrency market. The dip into this region showed that buyers stepped in at the point where selling became excessive, triggering strong rebound buying. The subsequent rapid recovery saw the price rise to $2.60 in a short time, demonstrating considerable volatility. The main trigger for this sharp decline was Trump’s announcement of tariffs on China.
The Chaikin Money Flow (CMF) indicator stands out as one of the most notable features of the recent movement. The CMF’s sharp rise into positive territory indicates that liquidity inflows, which had been weak for a long time, have strengthened and that capital is flowing back into the market. This scenario suggests that the bullish movement may not be limited to a short-term reaction and could carry the potential for a broader recovery.
The Relative Strength Index (RSI) indicator is also giving a similar positive signal. With the price falling to $1.25, the RSI had dropped to the oversold zone. However, with the strong rebound that started from this point, the RSI reached the 50 level. This movement confirms that momentum is regaining strength and buyers are starting to increase their influence in the market. The RSI holding above the 50 level would be a development supporting the possibility of the uptrend continuing.
In the Ichimoku indicator, the price regaining the Tenkan and Kijun levels and the Tenkan line rising above the Kijun indicates that positive signals are strengthening in the short term. This outlook reveals that the short-term trend is gaining upward momentum and that selling pressure has largely subsided. If the price re-enters the kumo cloud, the positive outlook is expected to strengthen further.
Technically, the $2.65 level stands out as an important resistance in the short term. If the price breaks above this level, the upward movement towards the $2.73 range is expected to continue. This area could also be a zone where short-term profit-taking may occur. On the downside, the $2.47 level is a strong support. Closings below this level could lead to renewed selling pressure and cause the price to retreat to the $2.35 region.
Supports: 2.4730 – 2.3512 – 2.0768
Resistances: 2.6513 – 2.7306 – 2.8576
SOL/USDT
The SOL price experienced a decline. The asset continues to be in the lower region of the upward trend that began on September 26. The price, which faced resistance from the 50 EMA (Blue Line) moving average, fell approximately 23% from there, found support at the strong support level of $171.82, and showed a slight increase. The price, which continues to be in the lower region of the upward trend, is currently facing resistance at the $200.00 level. If the rise continues, it may test the $209.93 level , and the 50 EMA moving average as resistance. If the pullback begins, the $181.75 level can be monitored.
On the 4-hour chart, the price has started to move below the 50 EMA (Exponential Moving Average – Blue Line) and 200 EMA (Black Line). This indicates a possible downtrend in the medium term. At the same time, the price being below both moving averages shows us that the asset is in a downtrend in the short term. The Chaikin Money Flow (CMF-20) is at a neutral level. However, a decrease in money inflows could push the CMF into negative territory. The Relative Strength Index (RSI-14) broke above the downward trend that began on October 2 but remains in negative territory. An upward breakout could create upward pressure. In the event of an uptrend driven by macroeconomic data or positive news related to the Solana ecosystem, the $209.93 level stands out as a strong resistance point. If this level is broken upward, the uptrend is expected to continue. In the event of pullbacks due to developments in the opposite direction or profit-taking, the $181.75 level could be tested. A decline to these support levels could increase buying momentum, presenting a potential opportunity for an upward move.
Supports: 189.54 – 181.75 – 171.82
Resistances: 200.00 – 209.93 – 222.61
DOGE/USDT
The DOGE price experienced a pullback. The asset moved into the lower region of the upward trend that began on September 25. The price, which faced resistance from the 50 EMA (Blue Line) moving average, fell approximately 28% from there. The asset, which began to rise with support at the $0.17766 level, is currently testing the strong resistance level of $0.21154. If it breaks above this level and the uptrend continues, it could test the $0.22632 level. In the event of a pullback, the $0.19909 level should be monitored.
On the 4-hour chart, the 50 EMA (Exponential Moving Average – Blue Line) has started to move below the 200 EMA (Black Line). This indicates that a downtrend may begin in the medium term. The price being below both moving averages indicates that the price is trending downward in the short term. The Chaikin Money Flow (CMF-20) experienced a slight rise towards the positive zone. Additionally, a decrease in money inflows could push the CMF into negative territory. The Relative Strength Index (RSI-14) continued to remain in the negative zone, staying below the downward trend that began on October 2. This signaled that selling pressure was continuing. In the event of an uptrend driven by political developments, macroeconomic data, or positive news flow in the DOGE ecosystem, the $0.22632 level stands out as a strong resistance zone. Conversely, in the event of negative news flow, the $0.19909 level could be triggered. A decline to these levels could increase momentum and potentially initiate a new upward wave.
Supports: $0.19909 – $0.18566 – $0.17766
Resistances: 0.21154 – 0.22632 – 0.25025
LTC/USDT
Litecoin (LTC) / USDT pair price movements closed the previous day with a 6% increase in value. However, LTC’s 1.9% increase relative to Bitcoin during the same period also shows that Litecoin has gained relative strength against Bitcoin. This situation shows that LTC has performed strongly against the dollar and BTC. On the futures side, the long/short position ratio opened in the last 24 hours being at 0.07455 indicates that derivatives market participants expect the decline that occurred on October 10 to continue. This ratio indicates that the majority of investors are placing more weight on sell-side positions and that the overall market trend is shaping up in favor of bears. In addition, funding rates have turned negative.
From a technical perspective, resistance levels stand out in LTC’s short-term price movements. First, the horizontal resistance at 102.45 is the first strong barrier above the current price. Breaking above this level could accelerate the upward momentum in LTC’s price and pave the way for the movement to continue to the second horizontal resistance at 107.25. Above this level, the pressure zone formed by the 50, 100, and 200-period moving averages (Orange, Yellow , and Purple lines) near the 112.32 band stands out as the most critical resistance area. Closing above this level could pave the way for an upward wave.
In the event of a potential pullback, the most important level where the price could find support in the first stage would be 96.94. Falling below this level could bring a scenario where declines accelerate. Secondly, the 94.16 level, which could be tested, should be closely monitored. If the reaction from this area is insufficient, the price could potentially pull back to the 90.04 level. It should be noted that if the price falls below all support levels, the decline could deepen and the market could seek a new low.
Supports: 96.94 – 94.16 – 90.04
Resistances: 102.45 – 107.25 – 112.32
SUI/USDT
Looking at Sui’s technical outlook, we see that the price has fallen to around $2.82 on the 4-hour chart, influenced by fundamental developments. The Relative Strength Index (RSI) is currently in the range of 43.79 – 28.43. This range indicates that the market is trading close to the buy zone; a drop in the RSI to the 35.00–45.00 range could signal a potential buying point. If the price moves upward, the $2.97, $3.15, and $3.78 levels can be monitored as resistance points. However, if the price falls to new lows, it may indicate that selling pressure could deepen. In this case, the $2.80 and $2.60 levels stand out as strong support zones. In particular, in the event of a sharp sell-off, a pullback to $2.44 appears technically possible.
According to Simple Moving Averages (SMA) data, Sui’s average price is currently at the $2.67 level. The price remaining below this level indicates that the current uptrend may not continue technically.
Support levels: 2.44 – 2.60 – 2.80
Resistances: 2.97 – 3.15 – 3.78
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