Technical Analysis
BTC/USDT
While deepening economic uncertainty and cautious stance came to the forefront in the FED minutes, markets continue to price in the possibility of limited rate cuts until the end of the year. In this environment, while NVIDIA attracted attention with its AI-driven revenue growth, export restrictions on China may challenge the company’s global growth. On the other hand, Elon Musk announced his departure from the Trump administration. The $170,000 price prediction from the Trump family at the Bitcoin 2025 Conference attracted a lot of attention. Today, the third and last day of the conference will be followed.
When we look at the technical outlook with the latest developments, it is seen that BTC continues to move within the falling trend structure and the selling pressure deepens. With the increase in volatility yesterday, BTC, which tested the 107,300 point, which we follow as the channel mid-band and support level, rose to 108,400 with the reaction it received from here. However, this rise could not be permanent and the price, which faced selling pressure again, once again found support at 107,300. At the time of writing, BTC is trading at 107,800. The Wave trend oscillator continues to generate a weakening sell signal near the oversold zone, while momentum indicators have also crossed into negative territory. This indicates that the weak technical structure continues in the short term. On the other hand, liquidation data suggest that selling positions are increasing while buying positions continue to accumulate heavily around 105,800. This makes it less likely that the price will make an upside breakout without clearing this liquidity area. If BTC clears this liquidity by pinning the 105,800 level and then turns its direction upwards, it can be considered as a preparation for a new upward movement with the break of the downtrend. However, if this zone is reached with a volume drop and hourly closes, the risk of deepening selling pressure will increase. On the other hand, BTC starting a bullish move without touching this zone would require a strong catalyst from the fundamental side. However, the likelihood of such a development on the last day of the conference is low, but will be monitored.
Supports 107,300 – 105,800 -105,000
Resistances 109,000 – 110,000 – 111,960
ETH/USDT
Although ETH retreated to $2,620 levels yesterday evening, it gained momentum in the morning hours with the purchases from this point and managed to rise above the $2,736 resistance level. After this rise, the price is seen to be in an effort to hold at the level in question. Technical indicators, on the other hand, give complex but carefully monitored signals about this price action.
The Chaikin Money Flow (CMF) indicator shows a negative divergence by not accompanying the upward movement despite the price rally. This indicates a weak inflow of money into the market and can be considered as a leading warning in terms of short-term risks. This negative outlook on CMF suggests that investors are cautious on the upside and that the market may be far from a volume-driven rally. On the other hand, the Ichimoku indicator maintains its positive outlook from a more structural and trend-oriented perspective. In particular, the upward movement of the Tenkan line indicates that the uptrend is gaining technical strength. Price hovering above the cloud and the widening angle between Tenkan and Kijun support that short-term momentum remains strong. On the Relative Strength Index (RSI) side, there is a structure approaching the overbought zone. Although the RSI has experienced a limited pullback by rejecting the overbought level, it maintains its positive trend in general. This suggests that the upward momentum of the price is still sustainable, but the risk of a short-term correction should not be ignored.
As a result, the persistence of ETH price above the $2,736 level is critical for the continuation of the uptrend. 4-hour and daily closes above this level may make it possible for the upward movement to gain strength. However, if the price remains below this resistance or suffers a sharp rejection from this level, the possibility of a short-term retracement should be considered due to the negative divergence in the CMF indicator. In this context, it would be useful for investors to carefully monitor price movements, especially at the $2,736 level, and take positions in line with volume-supported breakouts.
Top of Form
Below the Form
Supports 2,533 – 2,254 – 2,029
Resistances 2,736 – 3,062- 3,246
XRP/USDT
XRP retreated to the level of $2.21 yesterday evening, failing to maintain its intermediate support at $2.27 due to weakness in technical indicators. With buyers stepping in at this level, the price recovered in the morning hours and managed to rise above the $2.27 level. However, technical indicators continue to produce some negative signals about the sustainability of this rise.
The Chaikin Money Flow (CMF) indicator continued its downward trend and crossed into negative territory despite the temporary rebound in the price. This movement of CMF indicates that money outflows continue in the market, while buyers remain weak and selling pressure still prevails. Relative Strength Index (RSI) also shows a similarly negative picture. Although there has been a partial recovery with the recent rise, the RSI has turned down again, signaling weakening momentum. The Ichimoku indicator also reveals that the negative structure for XRP continues. The fact that the price continues to hover below the Ichimoku cloud supports a structure that cannot persist above short and medium-term resistance levels. In particular, the downward positioning of the Tenkan and Kijun lines shows that the market has not yet signaled a recovery and remains under pressure.
In light of all this technical data, it seems likely that the downward movement will regain momentum if XRP fails to hold at the $2.27 level. The loss of this support could pave the way for the price to retreat back towards the $2.21 level. On the other hand, if the price is able to hold above $2.27 and manage to hold at this level with voluminous transactions, there may be a limited upside potential with the general recovery trend in the cryptocurrency market.
Supports 2.2154 – 2.0841 – 2.0402
Resistances 2.3928 – 2.4765 – 2.5900
SOL/USDT
SOL price depreciated. The asset continues to accumulate in the band of $163.80 and $181.75. The price tested the uptrend that started on May 19 as support and broke it to test the strong support at $171.82. If it breaks downwards, the $ 163.80 level may be triggered. 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. Also, the fact that the price is between both moving averages indicates that the market is currently in a decision-making phase. Chaikin Money Flow (CMF-20) is at a neutral level; in addition, a decline in daily inflows may move CMF into negative territory. Relative Strength Index (RSI-14) continued to be in negative territory again. It also remains below the uptrend that started on May 25. This indicates an increase in selling pressure. 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 $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 171.82 – 163.80 – 150.67
Resistances 181.75 – 189.54 – 200.00
DOGE/USDT
21Shares has filed a formal application with the US Securities and Exchange Commission (SEC) to create a Dogecoin (DOGE) based spot exchange-traded fund (ETF). Elon Musk confirmed his departure from DOGE, closing a divisive chapter marked by allegations of cost-cutting and political backlash.
DOGE price was slightly bullish. The asset remained below the 50 EMA (Blue Line) and the uptrend that started on May 17. The slightly bullish asset is currently testing the 50 EMA moving average as resistance. However, if the pullback continues, the $0.21154 level, which is a strong support, may be triggered. On the 4-hour chart, the 50 EMA (Blue Line) continued to hold above the 200 EMA (Black Line). The fact that the price remains between the two moving averages suggests that it is in the decision phase in the short term. The Chaikin Money Flow (CMF-20) indicator is in positive territory. In addition, negative money inflows may move CMF into negative territory. Relative Strength Index (RSI-14), on the other hand, moved into negative territory and signaled increased selling pressure. The $0.25025 level stands out as a strong resistance zone in case of possible rises 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 0.21154 – 0.19909 – 0.18566
Resistances 0.22632 – 0.25025 – 0.28164
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