TECHNICAL ANALYSIS
BTC/USDT
Macroeconomic developments and capital movements in crypto markets remain in the focus of investors. Standard Chartered Bank stated that recession concerns in the US are exaggerated, while it expects two interest rate cuts in 2025. On the other hand, outflows from US Bitcoin spot ETFs continued for the sixth consecutive day, totaling $369 million.
Looking at the technical outlook, BTC is showing signs of recovery within the downtrend structure but has not yet started a strong bullish move. BTC, which followed a relatively calm course during the day, is currently trading at 80,400. When technical oscillators are analyzed, it is observed that the Wave Trend Oscillator maintains the buy signal in the oversold area, and the weakness in the Squeeze Momentum indicator is decreasing. When we evaluate on a period basis, while buy signals are maintained on hourly charts, indicators such as RSI and MACD on 4-hour charts have not yet produced a buy signal. On the daily charts, the sell signal remains strong, indicating that the price has not yet broken out of the downtrend. While breaking the downtrend structure is critical for the uptrend to begin, the 83,500 level will be followed as an important resistance point for the upward movement to continue. On the other hand, if the selling pressure continues, the 80,000 level will be monitored as a critical reference point. A decline below this level may further increase the selling pressure.
Supports 80,000 – 77,000 – 74,600
Resistances 83,500 – 86,500 – 89,000
ETH/USDT
Although ETH was generally flat during the day, volatile movements started to emerge as the US markets opened Although technical indicators and the levels found do not yet confirm a bullish confirmation, Cumlative Volume Delta (CVD) and open interest levels continue their positive outlook
The Chaikin Money Flow (CMF) indicator has maintained its uptrend since the $1,755 level, indicating that liquidity flow continues in a positive direction. However, the fact that it remains in the negative zone does not yet lead to a bullish confirmation. Relative Strength Index (RSI), on the other hand, has risen above the based MA line, creating a turn signal. The rejection of ETH, which rose to the tenkan level during the day, can be interpreted negatively from this region.
In summary, the fact that the price has not yet risen above the $ 2,000 level shows that uncertainties and downside risks continue. However, although there has not yet been a pnay in the indicators, the positive outlook makes the scenario of a rise to the $ 2,000 level possible in the evening hours. If the price closes below this region, it seems possible to retreat to the level of $ 1,755.
Supports 1,755 – 1,665 – 1,539
Resistances 2,000– 2,131 – 2,254
XRP/USDT
After XRP managed to recover rapidly with the decline experienced yesterday and managed to rise above the $ 2.02 level, it is seen that the positive changes in technical indicators continue. XRP, which rose to the level of $ 2.16 during the day, continues to price above the tenkan level with a slight retreat.
Looking at the technical indicators, the sharp rise of the Chaikin Money Flow (CMF) indicator in the positive area can be considered as an important signal that the price may continue its upward movements. Relative Strength Index (RSI) and momentum indicators, on the other hand, remain weak and have not yet formed a bullish confirmation. The price gaining the tenkan level also contributes to the positive outlook.
As a result, provided that the $2.08 tenkan level is not lost, the price can be expected to make an attack to the $2.21 level. The loss of the $2.08 level may cause a re-test movement back to the $2.02 level.
Supports 2.0201 – 1.8932 – 1.6309
Resistances 2.2154 – 2.3330 – 2.4940
SOL/USDT
A Solana whale accumulated SOL heavily today. Onchain data indicated that the whale amassed 195,000 SOLs as the SOL price dropped to around $120. Simultaneously, an X post published by Onchain Lens revealed that ‘Cumberland DRW’ recently staked 48,182 SOL worth $5.72 million. On the other hand, Sol Strategies, a leading Solana-focused holding company, announced that it has significantly expanded its validator network with the acquisition of Laine, one of Solana’s leading validators.
SOL has been slightly bullish since our morning analysis. On the 4-hour timeframe, the 50 EMA (Blue Line) continues to be below the 200 EMA (Black Line). This could deepen the decline further in the medium term. At the same time, the price is moving below two moving averages. The Chaikin Money Flow (CMF)20 indicator crossed into positive territory. At the same time, the increase in volume may further increase inflows. However, the Relative Strength Index (RSI)14 indicator gained momentum from the oversold zone and broke the downtrend that started on March 5 to the upside. This could be the beginning of a bullish breakout. The $ 133.74 level stands out as a very strong resistance point in the rises driven by both the upcoming macroeconomic data and the news in the Solana ecosystem. If it breaks here, the rise may continue. In case of pullbacks due to the opposite reasons or profit sales, the support level of 120.24 dollars can be triggered. If the price comes to these support levels, a potential bullish opportunity may arise if momentum increases.
Supports 120.24 – 110.59 – 100.34
Resistances 127.21 – 133.74 – 138.73
DOGE/USDT
DOGE has been slightly bullish since our morning analysis. On the 4-hour timeframe, the 50 EMA (Blue Line) is below the 200 EMA (Black Line). This could mean that the decline could deepen in the medium term. However, the price is pricing below two moving averages. The larger gap between the two moving averages increases the probability that DOGE will rise. When we analyze the Chaikin Money Flow (CMF)20 indicator, it is in the neutral zone. However, the increase in daily volume may increase money inflows and cause CMF to rise. On the other hand, Relative Strength Index (RSI)14 is in the oversold zone and although the RSI continues to hover below the downtrend on March 2, it is currently testing this as resistance. At the same time, there is a bullish discrepancy in the RSI. The $0.18954 level is a very strong resistance point in the rises due to political reasons, macroeconomic data and innovations in the DOGE coin. In case of possible pullbacks due to political, macroeconomic reasons or negativities in the ecosystem, the $0.14952 level, which is the base level of the trend, is an important support. If the price reaches these support levels, a potential bullish opportunity may arise if momentum increases.
Supports 0.14952 – 0.14237 – 0.13367
Resistances 0.16203 – 0.17766 – 0.18954
LEGAL NOTICE
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.
