TECHNICAL ANALYSIS
BTC/USDT
Trump’s event in Washington reinforced the administration’s support for digital assets, while crypto policies are becoming more visible. In negotiations with Europe, Trump’s unilateral demands for concessions are being held up by the EU’s principle of “reciprocity”, which could herald new transatlantic tensions. On the other hand, Democrats in the Senate proposed amendments to the GENIUS law to prevent the Trump family from having a conflict of interest with stablecoin projects. Although there is no data to follow in the data set on the last trading day of the week, instant developments will be followed on behalf of the market.
When we look at the technical outlook, it is seen that BTC has entered the consolidation process again after hitting an all-time high of 111,970 yesterday due to fundamental developments. On the technical indicators side, the wave trend oscillator reaching the overbought zone strengthens the possibility of a correction, while the weakening in momentum indicators may continue to put short-term pressure on the price. Accordingly, the 108,600 level stands out as the first important support point in a possible pullback. While testing this level shows us the wavelength of the horizontal band range, if the price reacts from this level, the high tight flag pattern, which we have previously mentioned in the analysis, may come to the fore again. In this scenario, BTC can be expected to resume its uptrend next week. In particular, the statements to be made by Trump at the Bitcoin 2025 Las Vegas conference next week are likely to have a positive impact on the market and act as a catalyst for new highs. On the other hand, if the uptrend continues without a consolidation process this time, the psychological limit of 115,000 can be targeted as the most important resistance if the 111,970 level is crossed. If this breakout occurs, it will be possible for the price to regain momentum and show more aggressive rises.
Supports 110,000 – 109,400 – 108,560
Resistances 111,800 – 115,000 – 120,000
ETH/USDT
ETH rallied strongly in the morning hours, climbing as high as the previous peak of $2,730. However, selling pressure from this resistance zone led to a downward correction in the price and ETH retreated to $2,650. This move suggests that profit realizations have come into play in the short term and the market is looking for balance in this region.
Technical indicators suggest that the overall structure remains positive despite this correction. In terms of the Ichimoku indicator, the upward movement of the Tenkan level and the expansion of the kumo cloud indicate that the uptrend is technically supported. This outlook suggests that the market is still structurally buyer-dominated and pullbacks do not yet imply a trend reversal. Chaikin Money Flow (CMF) data painted a more cautious picture. Although the indicator is still in positive territory, it has not increased in line with the rise in prices and has continued its downward trend. This suggests that new capital inflows to the market remain weak and liquidity outflows continue despite the rise in prices. This outlook for CMF signals that the willingness of buyers may be waning and the sustainability of the current rally may be in question. The Relative Strength Index (RSI) indicator is also worth keeping an eye on. The RSI has risen as high as the overbought area and then pulled back slightly from these levels. While this suggests that momentum is starting to weaken in the short term, it should not be taken as a definitive signal that the current uptrend is over. On the contrary, such pullbacks can be interpreted as re-test moves as part of a healthy bullish structure, allowing for a regrouping of strength.
When evaluated within this technical framework, the positive trend in the ichimoku indicator and the RSI still remaining in the high zones provide a basis for the price to continue its upward movement. However, in order for this scenario to remain valid, it is critical to maintain the intermediate support at the $2.586 level. A break below this level, combined with the negative outlook on CMF, may cause the decline to gain momentum.
Supports 2,533 – 2,254 – 2,029
Resistances 2,799 – 3,062- 3,246
XRP/USDT
XRP made an upward move in the morning hours, rising as high as the $2.47 resistance level predicted in the previous evening’s analysis. However, intense selling pressure from this area led to a sudden pullback in the price and XRP fell to the $2.41 area, where the Tenkan level is located on the ichimoku indicator. This rapid decline indicates that there is a strong profit realization in the market and investors are cautious about short-term resistance zones.
When the technical outlook is analyzed, it is seen that the XRP price is rejected from the upper band of the cloud on the ichimoku indicator, so the upward movement cannot gain momentum. In the current situation, the price is positioned in the kumo cloud, exhibiting an uncertain and direction-seeking structure. This indicates that there is no clear dominance between buyers and sellers and the market is moving on an unstable ground. The Chaikin Money Flow (CMF) indicator is noteworthy for not accompanying the recent rally. The indicator continues to move downwards, revealing that net capital outflows from the market continue. This outlook is important as it indicates that there is no strong support on the buy side and that the rally is taking place in a limited liquidity environment. The negative trend of CMF indicates a structural weakness that may make it difficult for the price to hold at current levels. The Relative Strength Index (RSI) indicator also exhibits a negative trend in line with the price action. The sharp downward movement of the RSI indicates that the momentum in the market has weakened significantly and the appetite for buying has decreased. This supports both the decline in short-term buying pressure and the possibility of the price heading lower.
In light of all this technical data, XRP is likely to test the support zone at the $2.39 level during the day. This level stands out as a critical threshold for short-term price action. If the price reacts with the activation of buyers at this support point, a short-term stabilization may be possible. However, a downward breach of the $2.39 level, together with the negative structures in technical indicators, may pave the way for a steeper and deeper decline.
Supports 2.3928 – 2.2154 – 2.0841
Resistances 2.4765 – 2.5900- 2.8347
SOL/USDT
A centralized exchange will launch tokenized stocks on Solana for global users. Ledger launches Solana-branded Ledger Flex hardware wallets.
SOL price continued its uptrend. The asset rose and broke the $181.75 level with a strong candle but retreated from there and is currently pricing below this level. If it stays above this level, the rises may continue. On closes below this level, the $171.82 level may be triggered. On the 4-hour chart, the 50 EMA (Blue Line) continued to remain 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, an increase in daily inflows could push CMF above the positive zone. Relative Strength Index (RSI-14) is in positive territory and remains above the uptrend that started on May 19, but is currently testing this resistance as support. The $189.54 level stands out as a strong resistance point in the event 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 $171.82 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 181.75 – 171.82 – 163.80
Resistances 189.54 – 200.00 – 209.93
DOGE/USDT
The DOGE price continued its uptrend. The asset tested the ceiling of the descending triangle pattern that started on May 6 with the support from the 50 EMA (Blue Line), but as of now, it is experiencing a retracement. If the rise continues and breaks here, the $0.28164 level can be followed as resistance. 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, remained in positive territory and is above the uptrend that started on May 17. This indicates continued buying 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 $0.22632 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.
