TECHNICAL ANALYSIS
BTC/USDT
The trade agreement reached between the US and China in Geneva has had a positive impact on the markets. While this development has reduced global uncertainties, it has also made Bitcoin’s adoption at the institutional and government level more visible. It is noteworthy that Japan’s Metaplanet surpassed El Salvador by reaching 6,796 BTC, while El Salvador’s continuation of its weekly buying strategy also supports this trend. At the same time, Japan’s Beat Holdings’ five-fold increase in Bitcoin ETF investments attracted attention. Today, eyes will be on the joint statement expected to be published as a result of the US-China negotiations, as well as the details of Bitcoin purchases with the tracker published by Strategy’s founder M.Saylor.
When we look at the technical outlook, it is seen that BTC has risen without even a buying opportunity with the removal of uncertainties about tariffs and is currently trying to enter the consolidation process again. As with previous rallies, the limited corrections and technical recovery following the peaks set the stage for BTC’s next breakout. A similar pattern is currently in place and BTC is moving sideways with low volatility between the 103,000 and 105,000 band. The Wave trend oscillator continues to generate a sell signal in the overbought area, while momentum indicators have started to weaken. This shows that there is no ground for the sustainability of the rise in technical terms. However, despite the technical mismatches, fundamental developments are still the main catalyst for the price to rise. Liquidation data shows that buy positions are concentrated above 101,500, while sell positions are accumulated at 105,000. This gives clues as to where possible breakouts in BTC price could lead to intense liquidity cleanses. Today, volatility in BTC can be expected to increase depending on fundamental developments. In this context, the 105,000 level stands out as an important resistance point that could open the door to new ATH levels for an upside breakout, while the 103,000 level will be followed as the first reference point in a possible correction.
Supports 102,400 -101,400 -100,000
Resistances 104,200 – 106,000 – 107,000
ETH/USDT
Ethereum continued its upward movement over the weekend, rising to the important resistance at $2,533. With this rise, there were some remarkable changes in technical indicators. Especially the inconsistencies seen from time to time between the price increase and technical indicators can be interpreted differently in this process.
The Chaikin Money Flow (CMF) indicator followed a downward trend over the weekend despite remaining in positive territory. At first glance, the weakening of the indicator as the price rallied may be perceived negatively; however, the fact that this movement occurred during low volume weekend trading can actually be considered as ahealthy correction for CMF. In other words, the general outlook in the market structure has not deteriorated. The Relative Strength Index (RSI), on the other hand, retreated slightly after approaching the overbought zone and still maintains its upside outlook. This suggests that the market needs a short breather but the positive momentum continues. Moving away from the overbought zone could put the uptrend on a healthier footing. The Ichimoku indicator shows that the price continues to remain above the Tenkan line. This is an important signal that the current trend remains strong and the short-term direction is still pointing upwards. The fact that the price is out of the cloud and above the Tenkan level suggests that buyers are in control.
Looking at the overall picture, it is quite possible that the rise will continue if Ethereum stays above the $2,533 level. In this case, the $2,800 level may come to the agenda as the next target. However, in a possible pullback, the $2,254 level stands out as an important support. Going below this level may cause the price to enter a deeper correction.
Top of Form
Below the Form
Supports 2,254 – 2,131 – 2,029
Resistances 2,533 – 2,799 – 3,062
XRP/USDT
XRP confirmed bullish expectations by rising above the $2.39 level highlighted in the analysis on Friday evening and reached the resistance level at $2.47 with a buying trend over the weekend. Although there has been some retracement at this level, current technical indicators suggest that this decline may be a correction rather than a major trend reversal.
The Chaikin Money Flow (CMF) indicator fell all the way to the zero line over the weekend, but did not fall below this level, indicating that the balance has been maintained. This is an important signal that the market has not yet fully succumbed to selling pressure and that capital inflows continue to a certain extent. The fact that CMF remains balanced at zero means that the positive structure continues, suggesting that the current retracement may remain limited. Relative Strength Index (RSI), on the other hand, has started to recover after a short-term decline following the price correction. The RSI’s return to the upside indicates that the market remains strong and the buying momentum continues. This recovery can be considered as a preliminary signal of a possible new bullish move. On the Ichimoku indicator, the price crossed the Tenkan level upwards again after the pullback, indicating that the short-term positive trend continues. Price action above the Tenkan line suggests that the market structure is recovering and buyers are starting to regain control. This supports the overall positive technical outlook.
When all this technical data is evaluated, it seems quite possible that the XRP price will move towards the $2.47 level again during the day and continue its rise by breaking this level. If this scenario comes true, the next target for the price stands out as $2.64. On the other hand, a possible weakness below the $2.39 level could mean that the correction could continue for a while. Therefore, it is important for investors to closely monitor these two critical levels.
Supports 2.3928 – 2.2154 – 2.1204
Resistances 2.4665 – 2.6399 – 2.8347
SOL/USDT
According to Foresight News, Solana co-founder Toly recently stated at X that the underlying Layer 1 (L1) protocols must be flexible enough to allow applications to compete in business operations. 98% of the tokens in Pump.fun were detected as carpet pulling or fraud. On the other hand, Pump.fun deposited $22.8 million SOL on a centralized exchange amid the renewed protocol activities. Alameda Research unlocked $32.2 million in SOL.
SOL price continued its sideways trend. The asset is stuck between the strong levels of $171.82 and $181.75, while a pennant pattern has formed. This could be a bullish signal. On the 4-hour chart, the 50 EMA (Blue Line) continued to remain above the 200 EMA (Black Line). This suggests that the bullish trend may continue in the medium term. At the same time, the fact that the price is above both moving averages suggests that the overall market has strong upside potential. Chaikin Money Flow (CMF20) is in positive territory; in addition, a decline in daily inflows may cause CMF to leave positive territory and move into negative territory. Relative Strength Index (RSI14), on the other hand, fell from the overbought zone to the middle of the positive zone. At the same time, it remains below the downtrend that started on May 9. This could trigger profit selling and cause a pullback. The $181.75 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 $ 171.82 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 171.82 – 163.80 – 150.67
Resistances 181.75 – 189.54 – 200.00
DOGE/USDT
The transfer of 793 million between unknown wallets has renewed interest in memecoin.
DOGE price continued its uptrend and gained about 18%. The asset, which is priced inside the descending triangle pattern, is currently testing the ceiling of the descending triangle pattern. If it breaks here, it may continue its uptrend. On the 4-hour chart, the 50 EMA (Blue Line) continued to be 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 near the neutral level of the positive zone and has broken the uptrend that started on May 4 to the downside. However, an increase in money inflows may keep CMF in the positive zone. Relative Strength Index (RSI14) has broken the uptrend that started on May 6. This may cause pullbacks. The $0.25025 level stands out as a strong resistance zone in the event of an 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 $0.21154 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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