Technical Analysis
In the case of US President Donald Trump’s dismissal of Fed Board Member Lisa Cook, Cook will be defended by renowned lawyer Abbe Lowell. Morgan Stanley purchased $188 million worth of Bitcoin ETFs in the second quarter of 2025. Bitcoin spot ETFs saw a net inflow of $333 million yesterday, with the largest inflow of $133 million going to Fidelity’s FBTC and $72.8 million to BlackRock’s IBIT ETF.
Looking at the technical picture, BTC continued to trade within a descending trend channel. Although it tested the upper line of the channel twice during the day, it failed to stay above it and fell back to the 108,000 level. Then, regaining momentum, the price broke the descending trend channel on the third attempt and tested the 111,700 level. BTC, which broke out with low volume, continues to trade at the 110,700 level within the parallel channel extension.
Technical indicators, despite weakening with the upward movement in the Wave Trend oscillator (WT), turned upward again and reached the overbought zone. The Squeeze Momentum (SM) indicator’s histogram moved into positive territory, continuing to provide momentum support. The Kaufman moving average is currently trading below the price at the 110,000 level.
Looking at liquidity data, short-term sell-side transactions have accumulated around the 112,500 level, while the 114,000 level stands out as an intense accumulation zone in a broader time frame. The buying level has started to accumulate around the 110,000 level in the short term, while the 106,500 – 107,500 band continues to be an intense accumulation zone.
In summary, the disappearance of the recent optimistic mood due to fundamental developments, coupled with discussions among Fed members about interest rate cuts and new task allocations, and the continued focus on tariffs, are emerging as factors putting pressure on prices. Technically, while the formation of a suitable ground for a new upward movement has created some recovery, it is noteworthy that the increases remain in the form of liquidity purchases. A shift to an upward trend could be possible with the reemergence of new catalysts in the market creating a driving force on prices. In this context, as the upward movement continues, the 110,000 level stands out as a resistance area, and we will follow the 112,000 level along with momentum. In the event of potential selling pressure, the 107,000 level stands out as a liquidity area.
Supports: 108,500 – 107,400 – 105,000
Resistances: 111,000 – 112,600 – 114,000
ETH/USDT
After yesterday’s recovery attempts, the ETH price faced renewed selling pressure overnight and fell to $4,258. Thanks to rebound buying from this area, the price rose briefly to the kijun resistance at $4,354. However, as buyers lost momentum in this region, sellers stepped in and the price retreated towards the $4,308 level. Currently, the $4,308 level stands out as a critical short-term support area, and whether this level can be maintained will be decisive for the direction of the day.
On the liquidity front, the Chaikin Money Flow (CMF) indicator hovering around the zero line is noteworthy. This movement of the CMF indicates that there is no strong entry or exit pressure in the market and that the buyer-seller balance continues to be maintained. In particular, the weakening of buyer interest on the spot side reveals that price movements are shaped more by technical levels.
The preservation of the tenkan level in the Ichimoku indicator shows that the possibility of a short-term reversal continues. However, the fact that the price is still trading below the kumo cloud and the cloud continues to expand downward confirms that the main trend remains negative. This picture reveals that more volume and momentum are needed for the upward attempts to turn into a strong trend reversal.
The Relative Strength Index (RSI) indicator is showing signs of recovery after yesterday’s sharp decline. The RSI rising above the MA line again indicates that recovery has begun on the momentum side and could have a positive effect on the price in the short term. However, whether this recovery will be sustainable depends on the $4.308 support level holding and the $4.354 kijun resistance level being broken.
In the short term, if the price stays above the $4,308 level and breaks through the $4,354 level with volume, we may see an upward movement. In this scenario, the price could jump back above the $4,400 level and attempt to reach the $4,551 resistance. In the opposite scenario, i.e., if the $4,308 support is lost, selling pressure is likely to pick up again and the price could retreat towards the $4,196 level.
Top of Form
Below the Form
Support levels: 4,308 – 4,196 – 4,084
Resistance levels: 4,551 – 5,857 – 5,000
XRP/USDT
The XRP price rose to $2.86 yesterday evening after breaking through the kijun level. However, selling pressure from this region pulled the price back down, resulting in a pullback to $2.81. Currently, the price appears to be stabilizing in this region.
On the liquidity side, the Chaikin Money Flow (CMF) indicator hovering around the zero line indicates that there is no significant entry or exit pressure in the market and that the buyer-seller balance is maintained. This scenario suggests that the price is stuck between technical levels and continues to search for direction.
Although the equalization of the tenkan and kijun levels in the Ichimoku indicator suggests a flat outlook in the short term, the price still trading below the kumo cloud and the cloud’s downward expansion confirm that the main trend remains negative. Therefore, a stronger buying momentum is needed for a sustained uptrend.
On the momentum side, the Relative Strength Index (RSI) indicator has fallen below 50 again after the latest attempt at an uptrend, which is noteworthy. This indicates that short-term buying appetite has weakened and that gains are currently limited.
In the short term, the $2.86 level stands out as a critical resistance, and breaking above this level could propel the price back toward the $2.99 region. Below, the $2.73 level is the most critical support. Maintaining this level is important for the possibility of a recovery to continue. However, breaking the $2.73 support could pave the way for the price to fall back below $2.70.
Overall, while technical indicators paint a neutral picture in the short term, the ongoing negative trend makes it difficult for the price to break strongly upward.
Support levels: 2.7306 – 2.6513 – 2.4730
Resistance levels: 2.8570 – 2.9967 – 3.0927
SOL/USDT
The Solana community approved the Alpenglow Consensus Protocol. Nasdaq-listed Sharps Technology announced that it has strategically purchased Solana’s native digital asset, SOL. The company has accumulated over 2 million SOL tokens. The market value of Sharps Technology’s SOL holdings currently exceeds $400 million.
The SOL price has recorded an increase. The asset continues to be within the ascending wedge formation that began on August 2. The price, which gained momentum after finding support at the base level of the formation, is currently testing the formation’s ceiling level, which is a strong resistance point. If it closes above this level, the $222.61 level can be tracked. In case of a pullback, the $200.00 level could be triggered.
On the 4-hour chart, it remained above the 50 EMA (Exponential Moving Average – Blue Line) and 200 EMA (Black Line). This indicates that the upward trend may continue in the medium term. At the same time, the price being above both moving averages shows us that the market is trending upward in the short term. The Chaikin Money Flow (CMF-20) has retreated to a neutral level. However, an increase in money inflows could push the CMF into positive territory. The Relative Strength Index (RSI-14) has risen back into positive territory. It also continues to trade above the upper boundary of the downtrend that began on August 29. This indicates that buying pressure persists. If an uptrend occurs due to macroeconomic data or positive news related to the Solana ecosystem, the $222.61 level emerges as a strong resistance point. If this level is broken upwards, the rise is expected to continue. If there are pullbacks due to developments in the opposite direction or profit-taking, could test the $200.00 level. A decline to these support levels could increase buying momentum, presenting a potential opportunity for an upturn.
Supports: 200.00 – 189.54 – 181.75
Resistances: 209.93 – 222.61 – 237.53
DOGE/USDT
Cleancore is planning a $175 million DOGE treasury strategy.
The DOGE price continued to move sideways. The asset remained below the downtrend that began on July 21. The price, which faced resistance from the 50 EMA (Exponential Moving Average – Blue Line) and 200 EMA (Black Line) moving averages, found support at the strong support level of $0.21154 and is currently testing the 50 EMA moving average as resistance again. If the upward movement continues, the $0.22632 level should be monitored. If the downward movement continues, the $0.19909 level should be monitored.
On the 4-hour chart, the 50 EMA (Blue Line) remained below the 200 EMA (Black Line). This indicates that a medium-term downward trend has begun. The price being below both moving averages also shows that the asset is in a downward trend in the short term. The Chaikin Money Flow (CMF-20) remained in positive territory. Additionally, a decrease in money inflows could push the CMF into the negative zone. The Relative Strength Index (RSI-14) rose to a neutral level. At the same time, it broke the downward trend that began on August 22. These could trigger an uptrend. 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: 0.21154 – 0.19909 – 0.18566
Resistances: 0.22632 – 0.25025 – 0.28164
TRX/USDT
As of September 2, 2025, the total amount of TRX staked is 45,558,647,495, which is 48.13% of the circulating supply. Compared to the previous day, there has been a decrease of approximately 0.2% in the amount staked.
Additionally, a total of 4,237,935 TRX was burned yesterday, permanently removing 322,223 TRX from the circulating supply. This contributes to reducing inflationary pressure on the Tron network.
Technically speaking, TRX, which closed at 0.3381 yesterday after a rise near the close, fell slightly in the morning hours and is currently trading at 0.3373. Currently trading near the upper band of the bearish channel, TRX is priced just below the 0.3395 resistance on the 4-hour chart. The Relative Strength Index (RSI) value is 42, indicating a sell zone. In addition, the Chaikin Money Flow (CMF) indicator is -0.03, below zero, indicating a decrease in cash inflows. This suggests that buyer pressure in the market is weakening and that selling movements may gain short-term momentum.
In light of all these indicators, TRX may test the 0.3300 support level by falling slightly in the first half of the day, given its current zone and RSI value. A candlestick close below this support could extend the decline, potentially moving toward the lower band of the bearish channel. After that, it may attempt to test the 0.3230 resistance. If it fails to close below the 0.3300 support and the CMF moves into positive territory, it may rise slightly with potential new buying interest, testing the 0.3395 and 0.3465 resistance levels in sequence.
On the 4-hour chart, 0.3190 is an important support level, and as long as it remains above this level, the upward momentum is expected to continue. If this support is broken, selling pressure may increase.
Supports: 0.3300 – 0.3230 – 0.3190
Resistances: 0.3395 – 0.3465 – 0.3555
LTC/USDT
LTC gained 2.79% in value the previous day, following a positive trend, while Bitcoin also increased by 1.01%. However, despite an approximately 5% increase in open position volumes in the futures market, the long/short position ratio fell to 0.96, indicating that market participants predominantly expect a downward trend. Furthermore, the turn of funding rates to negative confirms the increase in short positions. This outlook indicates that despite the short-term rises seen in the spot market, the trend in the derivatives market points to cautious and downward expectations.
LTC has taken the first step to strengthen expectations of an upward trend by rising above its 50-period moving average (orange line). This movement, along with the break of the declining trend line, supports the market’s positive sentiment. However, the price is currently undergoing a retest phase towards the broken declining trend line. If the retest is completed and the upward trend continues, the first target will be the 112.51 level, followed by the 113.93 level, where the 100-period moving average passes, which is an intermediate resistance level. In the final stage, the 116.36 level, located near the 200-period moving average (purple line), is expected to be a strong horizontal resistance where selling pressure will be most intense.
If the retest movement fails and the price falls below the 50-period moving average, a fakeout pattern may emerge in the market. In this scenario, the deterioration in the long/short position ratio in the derivatives market and the increase in short positions are seen to support the downward expectation. In such a scenario, the first potential target where short positions could take profits would be the 106.70 level, while buyers are expected to regain strength in this region. If the decline deepens, the 102.90 level remains another critical region where the price could find support.
Supports: 111.14 – 106.70 – 102.90
Resistances: 112.51 – 113.93 – 116.68
SUI/USDT
Looking at Sui’s technical outlook, we see that the price has declined on a weekly basis to around $3.31, influenced by fundamental developments. The Relative Strength Index (RSI) is currently in the 52.24 – 44.07 range. This range indicates that the market is trading close to the sell zone; however, if the RSI weakens and falls to the 30.00 – 35.00 range, it could signal a potential buying point. If the price moves upward, the resistance levels of $3.59, $3.84, and $4.28 can be monitored. However, if the price falls to new lows, it could indicate that selling pressure is intensifying. In this case, the $3.16 and $2.85 levels stand out as strong support zones. In particular, in the event of sharp sell-offs, a pullback to $2.50 appears technically possible.
According to Simple Moving Averages (SMA) data, Sui’s average price is currently at $3.27. The price remaining below this level indicates that the current downtrend could technically continue. The downward trend of the SMA also supports this situation.
Support levels: 2.50 – 2.85 – 3.16
Resistances: 3.59 – 3.84 – 4.28
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