Technical Analysis
BTC/USDT
Bitcoin rebounded strongly, climbing above six-digit levels amid signs of easing global trade tensions. US President Donald Trump’s announcement of a tariff deal with the United Kingdom and a message that tariffs with China could be reduced increased risk appetite in the markets. BTC, which was last traded around 103,000 on February 3, fell as low as 74,400 amid concerns over tariffs. In Bitcoin, which has recovered all of its losses from the tariffs, the US-China negotiations that will start tomorrow could pave the way for Bitcoin to start a new rally towards all-time highs.
When we look at the technical outlook, it is seen that BTC has settled above six-digit levels with the effect of the technical levels and patterns we highlighted in previous analysis. Yesterday’s closes above 99,100 and buy signals from oscillators provided a strong basis for the technical structure to rise. In addition to this technical favorability, the positive sentiment created by fundamental developments caused BTC to break the psychological resistance level of 100,000 on volume. Subsequently, the 101,400 and 103,000 levels were crossed respectively, and the price moved the needle up to 104,300. After this strong move, the price corrected down to 102,000 on profit taking by short-term traders. At the time of writing, BTC is trading at 103,200. The Wave trend oscillator continues to generate a weakening buy signal in the overbought zone, while momentum indicators are still positive and support a strong structure. The saturation of the technical structure may bring a new consolidation process to the agenda. In this case, the 100,000 level will be an important reference as both psychological and technical support. In the following period, statements regarding tariffs and news flows in global markets will continue to be decisive on the direction of BTC. If the upward movement continues, it is possible to say that the price may face fewer obstacles towards new ATH levels as the current resistance zones are weak. However, in order for this rise to be permanent, it will be critical to stabilize both technical indicators and to maintain positive expectations on the fundamental side.
Supports 102,400 -101,400 -100,000
Resistances 104,200 – 106,000 – 107,000
ETH/USDT
As mentioned in last night’s analysis, ETH continued its uptrend with the support of strong volume after breaching the $2,029 level and managed to advance to the resistance point at $2,254. This upward movement brought not only a jump in price, but also many positive signals on the technical side.
In particular, the rapid rise in the Chaikin Money Flow (CMF) indicator in the positive territory reveals that there is a serious capital inflow into the market and the appetite for buying continues to be strong. This suggests that the price increase is not just a short-term reaction but is also structurally supported. The Ichimoku indicator is another strong signal that provides a technical basis for the current price action. ETH is trading above the kumo cloud and the cloud structure is sloping upwards. This suggests that the trend is still strong, and the general directional expectation of market participants remains positive. Staying above the Tenkan and Kijun levels also shows that the short-term momentum continues in line with the trend. On the other hand, the Relative Strength Index (RSI) indicator continues to rise but is close to the overbought zone. While this confirms the strength of the uptrend, it also reminds us that the risk of a correction in the short term should not be ignored. Momentum also continues to increase, reflecting that buyers are dominating the market and the price action is still strongly supported.
In light of this technical structure, intraday closes above the $2,254 level could be a clear confirmation for the continuation of the rise. In such a scenario, the next target may be shaped in the direction of testing higher resistance levels. However, if the price fails to exceed this level or the upward movement weakens, the $2,131 level stands out as the first strong support point. If it sags below this region, the possibility of a correction towards the $2,029 level may come to the fore.
Top of Form
Below the Form
Supports 2,131 – 2,029 – 1,925
Resistances 2,254 – 2,533 – 2,799
XRP/USDT
With the transition of the Chaikin Money Flow (CMF) indicator, which was highlighted in last night’s analysis, to the positive zone, XRP managed to break the resistance level of $2.21 on the upside, leaving behind an important technical threshold, and continued its uptrend and rose above the $2.30 level. This move is not only a price-based acceleration but also reveals that the overall technical structure is starting to strengthen. With CMF moving into positive territory, it is understood that the volume of money entering the market has increased, so the rise is supported by a strong capital inflow.
Other technical indicators accompanying this rise are also giving important turn signals. Looking at the Ichimoku indicator, XRP’s upside break above the kumo cloud resistance level and its persistence above both Tenkan and Kijun levels creates a critical backdrop for the upward continuation of the trend. This confirms that the uptrend is technically supported as the price is positioned above both the short-term and medium-term averages. In addition, the upside breakout of the kumo cloud indicates that investor perception has started to change positively and there is more buying appetite in the market. On the momentum indicators side, it is seen that the positive structure is strengthening. In particular, the upward movement of the Relative Strength Index (RSI) indicator indicates that the buying pressure continues, and the price is moving towards the overbought zone. This behavior of the RSI suggests that the uptrend is not only a technical bounce, but also a reflection of the change in expectations of market participants. Maintaining the momentum in this way should be considered as an important prerequisite for the continuation of the upward price movement.
With the combination of all these technical developments, targeting the $2.39 level for XRP in the short term stands out as a reasonable forecast. Closures above this level may make it possible for the price to start a movement towards the resistance of $2.47. However, for this scenario to remain valid, it is critical for XRP to remain above the $2.21 level.
Supports 2.2154 – 2.1204 – 2.0201
Resistances 2.3928 – 2.4765 – 2.8347
SOL/USDT
Saros, a leading decentralized finance protocol in Solana, today announced plans to launch its groundbreaking DLMM (Dynamic Liquidity Market Maker) v3 as part of a comprehensive upgrade to its infrastructure. The equities platform, called Opening Bell, will launch with publicly traded shares of SOL Strategies.
SOL price kept pace with the crypto market, rising by nearly 6%. The asset broke the downtrend that started on April 25 to the upside and is currently testing the strong resistance at $163.80. 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. At the same time, the fact that the price is above both moving averages suggests that the upside potential of the overall market is strong. Chaikin Money Flow (CMF20) is hovering in the positive territory; in addition, a decline in daily inflows may push the CMF to the lower levels of the positive zone. Relative Strength Index (RSI14) is in overbought territory. This could trigger profit selling and cause a pullback. The $163.80 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 $150.67 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 150.67 – 144.35 – 138.73
Resistances 163.80 – 171.82 – 181.75
DOGE/USDT
As the upward trend in derivatives markets increased, DOGE open position reached 1.69 billion dollars.
DOGE price has kept pace with the crypto market, rising by around 9.5% and is currently testing the resistance level of the uptrend that started on April 9. 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 (CMF20) indicator is in the middle levels of the positive zone. However, a decline in inflows may cause CMF to test the uptrend that started on March 5 as support. Relative Strength Index (RSI14), on the other hand, continued to be above the uptrend that started on May 6 and managed to hold on to the overbought level. However, the overbought area may trigger profit sales and cause the price to retreat. The $0.19909 level stands out as a strong resistance zone in the event of a rally 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 $0.17766 level may be triggered. In case of a decline to these levels, the increase in momentum may start a new bullish wave.
Supports 0.18566 – 0.17766 – 0.16686
Resistances .19909 – 0.21154 – 0.22632
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