Technical Analysis
BTC/USDT
Trump Media announced plans to create a massive $2.5 billion Bitcoin reserve, while El Salvador continues to buy Bitcoin despite IMF pressure. At the Bitcoin 2025 Conference in Las Vegas, statements from names such as Michael Saylor, Robert Mitchnick and David Sacks showed that the role of cryptocurrencies in both the financial system and geopolitical balances is getting stronger. Senator Cynthia Lummis announced that she supports Trump’s bill to purchase 1 million BTC. Today, along with the statements of Fed members, statements regarding the sector will be followed on the second day of the conference.
Looking at the technical outlook, BTC broke the falling trend structure for a short time with yesterday’s news flow and rose above 110,000, but this movement could not be permanent. The price has reentered the falling trend structure and has sagged just below the 109,000-support level. Yesterday, the technical structure created a short-term favorable ground for the rise, but as of today, the wave trend oscillator started to show a sell signal again. This shows that the market is showing an indecisive outlook and there is not enough momentum. In this structure where oscillators are struggling to find direction, it can be said that there is not enough technical strength for a new bullish wave to begin. Liquidation data shows that buying positions are still dominant, which supports the price’s upside bias but also keeps the possibility of a correction alive. The impact of fundamental developments has so far worked to postpone these corrections. However, the Bitcoin 2025 conference, which wraps up tomorrow, and the diminishing impact of positive developments may create a correction pressure on the price. In this direction, the 107,300 level should be followed as the first support point in a possible pullback. If this level is also broken, the 105,800-liquidity zone will come to the agenda as the next important demand area. If optimistic developments are supported by concrete steps, if the price rebounds and exceeds 110,000 resistance, the way for the new ATH level may be paved and a technical and psychological threshold for the continuation of the rise will be exceeded.
Supports 109,000 – 107,300 – 105,800
Resistances 110,000 – 111,960 – 115,000
ETH/USDT
ETH gained bullish momentum yesterday evening, climbing as high as $2,710. However, this rise could not be sustained and the price retreated to the $2,620 region with selling pressure in the morning hours. Although this pullback shows that traders are turning to profit realization in the short term, the structures observed in technical indicators indicate that the overall positive trend continues.
The Chaikin Money Flow (CMF) indicator is drawing attention by remaining flat in positive territory despite the decline in prices. This outlook suggests that the sell-off is driven by futures rather than spot markets and that liquidity inflows to the market in general continue. The lack of a significant weakening in liquidity flow suggests that the decline may be a short-term correction rather than a structural deterioration. On the Ichimoku indicator, the price is still hovering above the kumo cloud, indicating that the overall trend remains positive. In particular, the fact that the tenkan level continues to remain above the kijun level suggests that the short-term momentum is upward and buyers are still active in the market. This structure can be interpreted that possible pullbacks can be limited and buying strategies can be maintained. On the other hand, the Relative Strength Index (RSI) indicator is still above the based MA line, although it has turned from the overbought zone, signaling some weakness. This shows that the slowdown in momentum has not yet turned into a structural negativity and the price continues to struggle to hold above support levels.
When evaluated within this technical framework, ETH price has the potential to make limited upside reactions, provided that it does not fall below the sand cloud level during the day. However, it should be kept in mind that if the price loses the upper band of the kumo cloud, this technical structure may weaken and bring the risk of a pullback to the $2,533 level. For this reason, it is critical for investors to closely follow the cloud support, especially in their search for short-term direction.
Top of Form
Below the Form
Supports 2,533 – 2,254 – 2,029
Resistances 2,799 – 3,062- 3,246
XRP/USDT
XRP, with the rise it showed during the day yesterday, managed to get close to the resistance level of $2.36, which it had tested and failed twice before. However, with buyers losing strength at this critical level, selling pressure came back into play and the price dipped below the $2.30 level in the morning hours, signaling a short-term weakening.
Technical indicators also support the fragile structure of the price. The Relative Strength Index (RSI) indicator has fallen sharply on the back of the pullback and has approached the oversold zone. This development indicates that momentum has weakened significantly, and the market is drifting into oversold territory in the short term. Although the Chaikin Money Flow (CMF) indicator has declined slightly, it still remains in positive territory. The fact that CMF remains in positive territory can be considered as an important data indicating that the structure has not become completely negative despite the downward movement of the price. In the Ichimoku indicator, it is observed that the negative outlook is still valid. The price hovering below the kumo cloud and the negative intersection between tenkan and kijun levels indicate that the short-term trend is still under downward pressure. This structure suggests that upward movements may remain limited and resistance zones may be difficult to overcome.
As a result, if the price sags below the intermediate support zone at $2.27, the possibility that selling pressure may increase and trigger steeper declines should not be ignored. Closures below this level may cause structural weakening to become more pronounced. On the other hand, if the price maintains above the $2.27 support and exceeds the $2.36 resistance again, the short-term negative outlook may be replaced by a positive trend. In this scenario, the potential for buyers to regain strength and move the price upwards may increase.
Supports 2.2154 – 2.0841 – 2.0402
Resistances 2.3928 – 2.4765 – 2.5900
SOL/USDT
SOL Strategies applies for $1 billion in funding flexibility to capitalize on the growth of the Solana ecosystem. Solana co-founder’s personal data leaked in Migos Instagram hack with blackmail threat.
SOL price continued its sideways movement. The asset continues to accumulate in the band of $163.80 and $181.75. The price continues to test the uptrend that started on May 19 and the 50 EMA (Blue Line) as support. If it breaks to the downside, the $163.80 level could be triggered. On the 4-hour chart, the 50 EMA (Blue Line) continued to hold above the 200 EMA (Black Line). This suggests that the uptrend may continue in the medium term. Also, the fact that the price is above both moving averages suggests that the market is currently in an uptrend. Chaikin Money Flow (CMF-20) is in positive territory; in addition, an increase in daily inflows may keep CMF in positive territory. Relative Strength Index (RSI-14) is back in negative territory. It has also broken the uptrend that started on May 25 to the downside. This indicates an increase in selling pressure. In case of an uptrend on the back of macroeconomic data or positive news on 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 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
The DOGE price started to lose strength. The asset broke the uptrend that started on May 17 to the downside and lost its bullish momentum. The asset, which tested the uptrend as resistance, lost ground and broke the 50 EMA (Blue Line) moving average to the downside, and if the retracement continues, the strong support level of $0.21154 may be triggered. On the 4-hour chart, the 50 EMA (Blue Line) continued to hold above the 200 EMA (Black Line). The fact that the price remains between the two moving averages suggests that it is in the decision phase in the short term. The Chaikin Money Flow (CMF-20) indicator is in positive territory. In addition, the fact that money inflows are slightly positive may keep CMF in the positive zone. Relative Strength Index (RSI-14), on the other hand, moved into negative territory and signaled increased selling pressure. The $0.25025 level stands out as a strong resistance zone in 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 increase in momentum may start a new bullish wave.
Supports 0.21154 – 0.19909 – 0.18566
Resistances 0.22632 – 0.25025 – 0.28164
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