Technical Analysis
BTC/USDT
US President Trump has proposed trade instead of war in response to the long-standing India-Pakistan dispute. On the other hand, Ukraine is preparing to include Bitcoin in its national reserves; the strategic reserve plan aims to increase economic resilience in wartime conditions. On the crypto front, $3.1 billion worth of BTC and ETH options expired on Deribit, marking a first for Bitcoin adoption in the Middle East: Dubai-based Abraaj Group became the first public company to include BTC on its balance sheet. On the macro front, US jobless claims were within expectations, while PPI data came in below expectations at 2.4%. While Powell did not comment on the economic outlook and interest rates, he said, “Some aspects of the Fed’s approach are permanent, such as focusing on inflation expectations.
Looking at the technical outlook, BTC tested the 101,400 support level for the second time after turning down in the previous analysis. BTC, which turned its direction upwards with the support it received from this level, is trading at 102,500 levels, forming a double bottom formation in the horizontal band range. The sell signal seen on the Wave trend oscillator started to weaken before reaching the oversold zone, while the momentum indicator is still in negative territory. However, this situation indicates that the technical structure has started to create a favorable ground for the resumption of the uptrend. The consolidation process in BTC is expected to be completed, while liquidation data shows that some buying positions have been cleared. The current horizontal band range is shaped as 102,400 – 104,000. In an upward breakout and for the continuation of the rise, hourly closes above the 105,000 level are critical, while it continues to serve as an important barrier to retest ATH levels. In a possible new selling pressure, the 101,400 level will continue to serve as support and will be a decisive level as to whether the minor horizontal band range within the major uptrend will be maintained.
Supports 102,350 -101,400 -100,000
Resistances 104,200 – 106,000 – 107,000
ETH/USDT
After losing the Kijun support at $2,573, which was also highlighted in the morning analysis, ETH retreated to the next important level of $2,533. With the purchases from this point, the price started to show an upward trend again.
Technical indicators point to some improvements in the short-term outlook. In particular, the Chaikin Money Flow (CMF) indicator regained upward momentum after falling into negative territory. Although this indicates that capital inflows have resumed, the indicator is still in negative territory, signaling that structural weakness persists. On the momentum side, the Relative Strength Index (RSI) moved upward from an important technical support level, indicating that short-term buying pressure is increasing and the price has regained positive momentum. In terms of the Ichimoku indicator, although the price remains below both Tenkan and Kijun levels, the fact that the Tenkan level continues to be positioned above the Kijun level and the price remains above the kumo cloud reveals that the technical positive structure continues. This indicates that the bullish structure has not yet broken down despite the price pressure.
In light of all these data, if ETH continues to stay above the main support at $2,533, upward movement can be expected to gain momentum in the coming hours. However, if this support level is broken to the downside, the weakening in the technical outlook may become evident and the decline may deepen. For this reason, the $2,533 level remains critical in terms of both short-term direction and investor psychology.
Supports 2,533 – 2,254 – 2,029
Resistances 2,799 – 3,062- 3,246
XRP/USDT
XRP price broke its important technical support at the level of $2.47 downwards due to the effect of selling pressure during the day. However, with the reaction purchases towards the end of the day, it is observed that the price is trying to test this level again and stay above it. This movement reveals that the search for short-term direction continues and the price is willing to balance in this region.
Especially when the Cumulative Volume Delta (CVD) data are analyzed, it is seen that the decline was mainly driven by the short positions opened in the futures markets. This suggests that there was no serious selling pressure on the spot market and that the move was mostly driven by the derivatives market. This data is also supported by the Chaikin Money Flow (CMF) indicator. The fact that CMF remained in positive territory throughout the decline suggests that there was no significant liquidity outflow from the market and that capital largely remained in the market. This indicates that despite the decline, the structural stance in the market is still intact. In terms of momentum, the weakness in the Relative Strength Index (RSI) indicator continues. The inability of the RSI to recover reveals that the short-term buying appetite remains low and plays a limiting role in the upward acceleration of the price. This is a signal that the price may come under pressure again in the short term.
In line with the general technical outlook, the possibility of some further retracement in the evening hours after XRP broke the important support at the $2.47 level stands out. However, if the price makes permanent closes above this level, it may be possible for upward movements to gain momentum again, especially with the strong outlook observed on the CVD side.
Supports 2.3928 – 2.2154 – 2.0841
Resistances 2.4765 – 2.5900 – 2.8347
SOL/USDT
The Solana-based Launch Coin on Believe platform has gained significant traction in the crypto community, enabling permissionless token creation. Solana’s most popular wallet Phantom is stepping into the world of liquid staking, launching PSOL
SOL price continued to depreciate during the day. The asset failed to break the strong resistance at $181.75 and tested the base level of the uptrend, where it failed to hold and continued to retreat . The price, which is currently supported by the 50 EMA (Blue Line), managed to hold here. If the pullbacks continue, the 200 EMA (Black Line) should be followed. On the 4-hour chart, the 50 EMA (Blue Line) continued to hold above the 200 EMA (Black Line). This suggests that the upward trend may continue in the medium term. However, the gap between the two moving averages is too wide, which could lead to a pullback. In addition, the fact that the price is above both moving averages indicates that the upside potential of the overall market is strong. Chaikin Money Flow (CMF-20) is in negative territory; in addition, a decrease in daily inflows could push CMF deeper into negative territory. Relative Strength Index (RSI-14), on the other hand, continued to retreat from neutral, crossed into negative territory and is below the downtrend that started on May 9, indicating that selling pressure may continue. The $181.75 level stands out as a strong resistance point in case 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 $ 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 163.80 – 150.67 – 144.35
Resistances 171.82 – 181.75 – 189.54
DOGE/USDT
The DOGE price moved sideways during the day. The asset tested the ceiling of the downtrend that started on May 11 as resistance and failed to break it, retreated slightly and tested the strong support at $0.22632 as support and managed to stay above it. This downtrend has also formed a flag pattern. If it breaks to the upside, there could be a rise of about 45%. On the 4-hour chart, the 50 EMA (Blue Line) continued to hold above the 200 EMA (Black Line). The fact that the price is above both moving averages suggests that the asset has a bullish bias in the short term. The Chaikin Money Flow (CMF-20) indicator is in negative territory, but it remained above the downtrend that started on May 10. In addition, a decline in inflows could push CMF deeper into the negative territory. Relative Strength Index (RSI-14), on the other hand, crossed into negative territory and signaled selling pressure. 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 in case of 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 0.22632 – 0.21154 – 0.19909
Resistances .25025 – 0.28164 – 0.30545
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