Technical Analysis
BTC/USDT
While the US Federal Reserve’s decision to keep interest rates unchanged for the third time in a row maintained the cautious stance in the markets, the Fed’s statements showed that the risks increased in both directions. Drawing attention to the possibility of both high inflation and unemployment, the Fed emphasized that the uncertainties in the economic outlook stem from the Trump administration’s tariff policies. Fed Chair Powell, on the other hand, stated that it would not be right to take an interest rate step without clarity and took an independent stance against President Trump’s calls for a rate cut. On the other hand, news that Trump may loosen chip export restrictions that directly concern Nvidia and similar companies led to a rally in Bitcoin.
When we look at the technical outlook, in the previous analysis, we stated that with the bowl pattern and the buy signal given by the oscillators, technically suitable grounds for an uptrend were formed. Following this technical structure, the driving force on the fundamental side came from the Trump front this time, as the Fed did not surprise in its interest rate decision and Powell’s statements remained within expectations. BTC, which fell as low as 95,700 after the interest rate decision, recovered strongly as Trump signaled a softening on chip restrictions and tested the 99,400 level in a single candle. With this move, BTC liquidated heavy selling positions, while buying positions are observed to increase again in the market. While the Wave trend oscillator maintained its buy signal, the upward momentum in momentum indicators continued. In particular, hourly closes above the 99,100 level may pave the way for a retest of six-digit levels not seen since February 7. In this context, the 101,400 level stands out as a resistance point, while the 98,000 level will be followed as new support in a possible pullback. In the following period, the market focus will turn to the US-China negotiations. In particular, statements on tariff policies may play a decisive role on whether BTC will make new ATH levels.
Supports 98,000 – 97,000 – 95,000
Resistances 99,100 – 101,400 – 102,800
ETH/USDT
ETH managed to break the important resistance point at $1,829 and rise above the $1,900 level this morning amid a series of positive news from the US. While this move shows that buyers have increased their control in the market in the short-term outlook, technical indicators have started to generate positive signals supporting this rise.
In particular, the Chaikin Money Flow (CMF) indicator has moved into positive territory, signaling a strong capital inflow into the market, indicating a significant increase in investors’ risk appetite and a real flow of liquidity behind the bullish trend. The fact that CMF remains in positive territory is considered as an important technical confirmation that prices may continue their upward movement. Momentum indicators also point to strengthening bullish momentum. Momentum-based indicators such as Relative Strength Index (RSI), MACD and Stochastic suggest that the uptrend is not just a temporary reaction, but that the market has stepped into a healthier and more permanent uptrend. The upside breakouts seen in these indicators support that buyers are dominating the market and that the price can sustain at current levels. According to the Ichimoku indicator, the technical outlook has also evolved in a positive direction. The price moving above the kumo cloud structure, one of the important components of Ichimoku, provides a strong signal that the trend is changing upwards. In addition, the short-term directional tenkan level crossing the medium-term reference line kijun level upwards is interpreted as a strong buy signal. This intersection is often considered as a harbinger of a new bullish wave in technical analysis.
In light of all these technical developments, if the ETH price exceeds the $1,925 level during the day, it is likely to accelerate towards the next psychological and technical resistance of $2,000. However, in order for this scenario to remain valid, it is critical for the price to remain above $1,900. Otherwise, a close below $1,900 could weaken the short-term uptrend and potentially trigger a correction.
Top of Form
Below the Form
Supports 1,829 – 1,756 – 1,689
Resistances 1,925 – 2,029 – 2,131
XRP/USDT
The upward movement observed in the cryptocurrency market in general following the developments originating from the US yesterday also had an impact on XRP and the price rose to the $2.21 region, an important technical level. After reaching this level, there was a limited pullback in XRP as profit realizations came into play in the market. This pullback also confirmed the short-term uncertainties in the market and the existence of a resistance zone in line with technical indicators.
In terms of the Ichimoku indicator, it stands out as a remarkable technical reaction that the price turned exactly at the lower band of the kumo cloud. This once again showed that the cloud acts as a strong resistance in terms of XRP price movements and that breaking it upwards will be a critical stage. In addition, although the upward crossing of the kijun line by the tenkan line, one of the Ichimoku components, is technically considered a classic buy signal, the price must rise above the kumo cloud for this signal to have a meaningful impact on the market. Otherwise, this signal may remain temporary and the price may exhibit a negative structure again. The Chaikin Money Flow (CMF) indicator, on the other hand, continues to remain in the negative territory despite the upward movement with the price increase. This suggests that a strong and lasting capital inflow to the market has not yet started and that the current rise may be mostly driven by futures and short-term positioning. The fact that CMF remains in negative territory suggests that the upward movement may remain limited and that a strong momentum has not yet emerged. The lack of a real increase in demand, especially in the spot market, stands out as one of the main factors preventing prices from entering a sustainable uptrend.
As a result, although XRP has made a strong rally in the short term, the persistence of some weaknesses in technical indicators poses a risk to the permanence of this uptrend. At this point, the price settling on the kumo cloud and the CMF indicator transitioning into positive territory stand out as critical thresholds for the confirmation of the uptrend. If these two conditions are met, a more aggressive and voluminous upward movement can be observed in XRP above the $ 2.21 level. However, if the current structure is maintained and these conditions are not met, the price is likely to retreat back to the $2.12 level.
Supports 2.1204 – 2.0201 – 1.8932
Resistances 2.2154 – 2.3928 – 2.4765
SOL/USDT
Doodles, one of the most important NFT projects in the digital space, is preparing to make a big move with the launch of the $DOOD token on May 9, 2025. DeFi Development Corp. said yesterday that it will execute a 7-for-1 stock split later this month, marking a return to the Solana blockchain ecosystem that fueled a surprising rally in its share price
SOL price kept pace with the cryptocurrency markets, rising by about 4.53%. The asset is testing the downtrend that started on April 25 as resistance with support from the 50 EMA (Blue Line). This level also corresponds to the strong resistance at $150.67. 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. At the same time, the fact that the price is above both moving averages indicates that the upside potential of the overall market is strong. Chaikin Money Flow (CMF20) is hovering in positive territory near the neutral level; in addition, an increase in daily inflows could push CMF above the positive zone. Relative Strength Index (RSI14) has risen into positive territory. It also managed to stay above the downtrend that started on April 25. The $150.67 level stands out as a strong resistance point in the event of a rally 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 $ 138.73 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 144.35 – 138.73 – 133.74
Resistances 150.67 – 163.80 – 171.82
DOGE/USDT
DogeOS, the operational system that unifies decentralized applications (dApps) on the Dogecoin network, raised $6.9 million in Polychain’s funding round.
DOGE price kept pace with the crypto market during the day, rising by nearly 7%. The asset broke the downtrend that started on March 6 and has managed to stay above it as of now. On the 4-hour chart, the 50 EMA (Blue Line) remained 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 (CMF20) indicator is at a neutral level. At the same time, an increase in inflows could push CMF higher into the positive zone. Relative Strength Index (RSI14), on the other hand, experienced an acceleration by testing the uptrend that started on May 6 as support and rose to the upper level of the positive zone. The $0.18566 level stands out as a strong resistance zone in the uptrend 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 $0.15680 level may be triggered. In case of a decline to these levels, the increase in momentum may start a new bullish wave.
Supports 0.17766 – 0.16686 – 0.15680
Resistances 0.18566 – 0.19909 – 0.21154
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