TECHNICAL ANALYSIS
BTC/USDT
US President Donald Trump’s proposal to impose a 50% tariff on products originating from the European Union as of June 1 opens the door to a new crisis in transatlantic trade relations. Trump also sent a direct message to Apple, announcing that a 25% tariff will be imposed on the company if iPhone production is not moved to the US. While US futures turned negative with the latest developments, fundamental developments and news flow will be monitored over the weekend.
When we look at the technical outlook, we stated in the previous analysis that the technical structure creates a suitable ground for sales. As a matter of fact, BTC retreated sharply with the latest developments we mentioned above. BTC, which consolidated close to the ATH level during the day, fell to 107,300 after the news. With this decline, the liquidation of the buying positions accumulated above the 108,000 level took place. At the time of writing, BTC, which is trading at 108,600, seems to be in an effort to recover. However, while our technical oscillators continue to signal a sell signal, momentum indicators continue to weaken. The price returning to the horizontal band range may forget the effect of the news in the short term and may continue to rise from where it left off. In case of deepening sales, it is seen that open positions continue as the 105,800 level liquidation area. The weakening of the correlation with the US stock markets in recent days may indicate that the market dynamics are ready to create new peaks if the negative course of futures transactions is not felt on BTC. In the last analysis of the week, developments regarding tariffs from the Trump front will be followed, and it is useful to note that the stock markets are closed on Monday on the US side.
Supports 108,560 – 107,300 – 105,800
Resistances 109,400 – 110,000 – 111,960
ETH/USDT
ETH faced a sharp selling pressure during the day with the uneasiness created in the markets by the tariff news from the US and fell to the support zone at $2,533. While some limited reaction buying was observed at this level, the current price action contains some signals that should be carefully evaluated from a technical point of view.
In particular, the price seems to be receiving support from within the kumo cloud according to the ichimoku indicator. However, this support alone does not provide enough confidence, as the downward trend of the tenkan level and the horizontal to negative evolution of the kumo cloud suggest that the technical structure does not yet indicate a trend change, but short-term risks have increased significantly. While this outlook suggests that the market is yet to enter a steady recovery, the movement in the Chaikin Money Flow (CMF) indicator is noteworthy. Although the CMF value approached the zero line with the recent decline, it has rebounded slightly and headed towards the positive area. This development suggests that despite the sell-off, there is a limited capital inflow back into the market and liquidity is trying to revive. However, this positivity is not supported by the Relative Strength Index (RSI). The sharp decline in the RSI clearly shows that the weakening in momentum has become evident and buyers are losing strength.
Overall, technical indicators continue to generate weak and negative signals with the recent decline. In particular, a downside break of the upper band of the kumo cloud at the $2,533 level could deepen the selling pressure and pave the way for a continuation of the downward movement. On the other hand, if the price can sustain above this zone, the short-term bearish scenario may lose its validity and the price may enter a recovery trend again.
Supports 2,533 – 2,254 – 2,029
Resistances 2,799 – 3,062- 3,246
XRP/USDT
XRP, as predicted in the analysis made in the morning hours, broke the support point at the $2.39 level downwards and exhibited a rapid and sharp decline to the intermediate support zone at $2.30. Faced with a limited buying reaction at this level, the price managed to rise to the level of $2.35 with a short-term recovery. However, this recovery does not yet produce a strong turn signal in the current technical outlook.
When technical indicators are analyzed, it is seen that the downward trend continues, especially in the Relative Strength Index (RSI) indicator. This weakening in the RSI suggests that the market momentum has declined significantly and there has been a loss of strength on the buy side. Looking at the Ichimoku indicator, the price has moved below the kumo cloud, indicating that the market has structurally moved into negative territory. In addition, the convergence between the tenkan and kijun levels also indicates that indecision is increasing and bearish pressure may strengthen. The convergence of these two levels usually indicates a period of trend weakening or the possibility of change, but in the current situation, this structure confirms bearish pressure. The Chaikin Money Flow (CMF) indicator, on the other hand, has shown a limited recovery after the recent decline, but still remains in negative territory. This indicates that the liquidity that exited the market has not fully returned and investor confidence remains weak. This weak outlook for CMF confirms that market dynamics do not yet support a strong buying bias despite the recovery effort.
As of the general outlook, if XRP cannot permanently break the $2.39 level in the evening hours, the downward movement is likely to continue. Going above this level and achieving a voluminous persistence here may technically break the negative structure and pave the way for the start of an upward reaction rally. However, in the light of current indicators, it is useful to remain cautious in the short term.
Supports 2.2154 – 2.0841 – 2.0402
Resistances 2.3928 – 2.4765 – 2.5900
SOL/USDT
SOL price was bearish during the day. The asset rose higher and broke the $181.75 level with a strong candle, but retreated from there and is now poised to test the 50 EMA (Blue Line) and the strong support at $171.82. If it stays above this level, the uptrend may continue. In closes below this level, the $ 163.80 level can be followed. On the 4-hour chart, the 50 EMA (Blue Line) continued to stay above the 200 EMA (Black Line). This suggests that the uptrend may continue in the medium term. Moreover, 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, large declines in daily inflows could move CMF into negative territory. Relative Strength Index (RSI-14) is in positive territory, but it broke the uptrend that started on May 19 to the downside and moved towards the neutral level. This signals the end of buying pressure. In case of an uptrend due to macroeconomic data or positive news on the Solana ecosystem, the $189.54 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 $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 bearish during the day. The asset tested the ceiling of the ascending triangle pattern that started on May 6 with support from the 50 EMA (Blue Line), but failed to break it and retreated and is testing the base level of the triangle and the 50 EMA (Blue Line) as support. If the decline continues and breaks here, the $0.21154 level can be followed as support. 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 suggests 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 decline in money inflows may bring CMF to negative territory levels. Relative Strength Index (RSI-14), on the other hand, shifted from positive to neutral territory and broke the uptrend that started on May 17 to the downside. This indicates that the buying pressure may be coming to an end. 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 momentum may increase and a new bullish wave may start.
Supports 0.22632 – 0.22632- 0.19909
Resistances 0.25025 – 0.28164 – 0.30545
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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.
