TECHNICAL ANALYSIS
BTC/USDT
US President Donald Trump will hold a critical summit for the crypto sector at the White House on Friday, March 7. The summit will be led by David Sacks, known as the “Crypto Czar”. US Trade Minister Howard Lutnick stated that Trump considers Bitcoin as a strategic reserve asset and emphasized that the most important agenda item at the summit will be the roadmap to be followed on this issue. As Bitcoin prepares for the historic day, it may bring volatile movements in its price.
Looking at the technical outlook, BTC is seen to have turned down again after testing the 92,800-resistance level during the day. Currently trading at 89,800, BTC’s technical oscillators are hovering near the overbought zone but maintaining a buy signal. At the same time, the momentum indicator has crossed into positive territory, indicating that the price still has the potential to rebound.While BTC continues its price movements within the pattern, point D continues to stand out as the target zone. We can say that such correction movements are important to gather demand again. If the rise continues, the 90,400 level will be followed as the first resistance point for BTC. If this level is sustained above this level, the 92,800 level could be tested again and the price action could enter a stronger uptrend. On the other hand, if selling pressure increases, the 89,000 level will be monitored as a support point. If this level is broken, the possibility of BTC retreating to the 86,500 level may increase.
Supports 89,000 – 86,500 – 83,500
Resistances 90,400 – 92,800 – 95,000
ETH/USDT
Although ETH tried to hold on to the $2,300 levels by following a horizontal course contrary to the technical outlook during the day, it retreated The price action, which showed a slight recovery with the reaction it received from this level, once again revealed the importance of critical levels in terms of market dynamics.to the kumo cloud support at $2,251 in the following hours.
When technical indicators are analyzed, with this some weakening is observed in the Relative Strength Index (RSI) and momentum indicators, and both indicators give slight pullback signals. Especially the weakness in RSI at current levels stands as an important indicator for the short-term direction of the marketpull backout. On the other hand, Chaikin Money Flow (CMF) has remained flat after crossing into negative territory, that the balance of buyers and sellers has formed and a clear direction in the market is not yet clear. Indicating In terms of price action, it can be said that although ETH lost the kijun level, it still shows a strong outlook according to the ichimoku indicator. The fact that the price managed to stay above the kumo cloud and tenkan levels that there is no clear weakness in terms of the overall trend yet and that the market can maintain its upward momentum indicates. However, in order to maintain this outlook, regaining the kijun resistance at $2,271 will be crucial.
As a result, a close above the $2,271 level is considered a critical threshold for the continuation of the uptrend. Otherwise, failure to exceed this level and especially the loss of kumo cloud support may bring deeper declines in the ETH price.
Supports 2,251 – 2,131 – 2,000
Resistances 2,361 – 2,468 – 2,641
XRP/USDT
XRP managed to rise to the resistance level of $ 2.64, despite some weakness in technical indicators, after gaining the resistance level of $ 2.49. However, with the sales coming from exactly this point, it retreated slightly and is trying to hold at $ 2.60 levels.
Chaikin Money Flow (CMF), which looks weak with this price action, rises to -0.10, indicating liquidity inflows. However, as it remains in the negative area, it that it produces a clear positive signal yet cannot be said. On the other hand, increases in and momentum are important catalysts that support the positive outlook with no negative divergence. In addition, the fact that the price gained the kijun level after a long time can be listed as another factor that can be considered as positive. Relative Strength Index (RSI)
In summary, although the improvements in technical indicators and the gain of the kijun level seem positive, the failure to gain the $ 2.64 level does not yet constitute a clear bullish signal. Closures above this level may indicate that the rises may continue. The $2.49 support is the most important support point and closures below it may negatively affect the price.
Supports 2.4940 – 2.3307 – 2.2154
Resistances 2.6489 – 2.9198 – 3.1493
SOL/USDT
Anatoly Yakovenko, co-founder of Solanas’s opposition to the US crypto reserve, arguing that it would centralize control and undermine decentralization, the core principle of crypto, has stated.
SOL has declined since our analysis in the morning. The asset, which declined by reacting from the resistance of the wedge pattern, is currently testing the 50 EMA (Blue Line) as support. However, the wedge pattern should also be taken into consideration. If it works, a decline may occur. On the 4-hour timeframe, the 50 EMA (Blue Line) 200 EMA continues to be below. This could deepen the decline further in the medium term. At the same time, the price started moving between two moving averages. the (Black Line) The Chaikin Money Flow (CMF)20 indicator moved into negative territory. However, the decline in volume may increase money outflows. However, the Relative Strength Index (RSI)14 indicator declined from the mid-levels of the positive zone and approached the neutral zone. At the same time, RSI maintains its uptrend from February 28. The $163.80 level is a very strong resistance point. here, in the rises driven by both the upcoming macroeconomic data and in the Solana ecosystem the news If it breaks the rise may continue. In case of retracements for reasons or due to profit sales, the opposite support level of $ 138.73 can be triggered. If the price comes to these support levels, a potential bullish opportunity may arise if momentum increases.
Supports 144.35 – 138.73 – 133.74
Resistances 150.67 – 163.80 – 171.82
DOGE/USDT
On March 4, the number of Dogecoin addresses reached an all-time high of 83.48 million, indicating strong ecosystem activity.
DOGE gave up its morning rally for a decline and failed to break the strong resistance level of 0.21154. The price continued to hover above the uptrend that started on March 4. On the 4-hour timeframe, the 50 EMA (Blue Line) is below the 200 EMA (Black Line). This could mean that the decline could deepen in the medium term. However, the price started to hover below the two moving averages again. The larger gap between the two moving averages increases the probability that DOGE will rise. The Chaikin Money Flow (CMF)20 indicator is in negative territory. At the same time, the negative daily volume may further reduce money inflows. On the other hand, Relative Strength Index (RSI)14 is in positive territory, but it has started to accelerate downwards. However, the uptrend in RSI, which started on February 28, continues. to political reasons, macroeconomic data the level stands out as a very strong resistance point. In case of possible $0.21154 in the rises due innovations in the coinand DOGE pullbacks, due to macroeconomic reasons political, or negativities in the ecosystem the base level of the trend, the 0.18954 $ level, is an important support. If the price reaches these support levels, a potential bullish opportunity may arise if momentum increases.
Supports 0.18954 – 0.17766 – 0.16203
Resistances 0.21154 – 0.22632 – 0.25025
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