Technical Analysis

BTC/USDT

US President Trump’s announcement that a tariff agreement was reached with the UK kept the optimistic mood in the market, while stating that agreements on tariffs will continue in the coming days. While Fidelity calls on companies to review their capital allocation in favor of Bitcoin, Strategy’s “Bitcoin Standard Model 2025” aims to encourage institutional adoption. Michael Saylor’s call for the Saudi sovereign fund to “Buy all Bitcoins” attracted attention. On the macro front, US unemployment claims were announced as 228K against 231K expectations.

Looking at the technical outlook, BTC is seen to continue its uptrend as it closes hourly candles above the 99,100-resistance level. BTC, which reached as high as 99,900 during the day, continues to push the psychological limit of $100,000 by testing its highest level in the last three months. The Wave trend oscillator maintains its buy signal despite being close to the overbought zone, while momentum indicators remain positive, supporting the uptrend. Looking at the liquidation data, it is observed that buy positions mostly remained at 93,000 levels and sell positions were largely liquidated with the recent rise. Positive US futures, the market’s preparation for a positive opening and the expectation of positive movements in ETF flows again are among other important factors that support the rise, combined with BTC’s technical structure. Accordingly, while the 100,000 level stands out as a psychological resistance point, if this level is exceeded in volume, the next target will be the 101,400 level. On the other hand, in a possible pullback, the 98,000 level will be followed as the first support point.

Supports 98,000 – 97,000 – 95,000

Resistances 99,100 – 101,400 – 102,800

ETH/USDT

As mentioned in the morning analysis, ETH managed to break through the important resistance zone at the $1,925 level. With the break of this level, ETH, which continued its upward trend with the support of positive signals in technical indicators, managed to rise above the $1,970 level. When the indicators accompanying the price movement are analyzed, it is seen that the general outlook is still positive.

The Chaikin Money Flow (CMF) indicator has been strongly bullish while remaining in positive territory, but a slight pullback has been observed in its recent movements. This pullback may indicate that some of the market participants have turned to profit realization. However, the fact that the CMF continues to hold in the positive zone indicates that capital inflows to the market continue and that buying pressure remains in general. This suggests that the uptrend has a structural basis. On the other hand, the Relative Strength Index (RSI) indicator entered the overbought zone, approaching the levels considered as overbought. Although this indicates the possibility of a technical correction, the fact that the momentum in the RSI is still strong suggests that the market maintains its bullish momentum and buying interest continues. In this context, although the current position of the RSI is a warning, it does not yet signal a clear weakening. The Ichimoku indicator, on the other hand, remains structurally positive. The price action above the cloud confirms the uptrend, while the position of the Tenkan and Kijun lines and the lagging span above the price provide technical evidence that the trend is gaining strength. The Ichimoku indicator shows no signs of weakening, suggesting that the current uptrend is supported.

When evaluated in the light of all these technical data, it is seen that Ethereum has the potential to rise to the level of $2,029 in the evening hours. This level stands out as a strong resistance point in both psychological and technical terms. If this area is exceeded and the daily close is realized above this level, there is a possibility that a new and stronger bullish wave may begin for Ethereum. However, the overbought signals in the indicators accompanying the current price action and the limited pullback in CMF indicate that profit sales may come in the short term and these sales may cause a retest of the $1,925 level. For this reason, the $1.925 support should be closely monitored; a short-term correction may be on the agenda if it sags below this level.

Supports 1,925 – 1,829 – 1,756

Resistances 2,029 – 2,131 – 2,254

XRP/USDT

XRP climbed as high as $2.21, gaining value with the general bullish mood seen in the cryptocurrency market during the day. However, after reaching this level, the price declined slightly with the sales. Despite this pullback, signs of recovery in the technical outlook continue and the potential for the price to start an upward movement again draws attention.

Chaikin Money Flow (CMF), one of the indicators, rallied with the price and rose to the zero line, but encountered resistance at this point and made a slight downward turn again. The fact that CMF has not yet moved into positive territory suggests that the money flowing into the market is not enough to sustain a strong rise. In other words, there is a desire for upward movement, but capital flows do not yet seem strong enough to support this desire. On the other hand, momentum indicators offer a more positive picture. The Relative Strength Index (RSI) is still trending upwards, signaling that inflows have started to increase. The current level of the RSI suggests that buying pressure is still effective and the ground is being prepared for the uptrend to regain momentum. The Ichimoku indicator also shows a positive pattern. The price has entered the cloud, and this is considered an important technical transition zone. In addition, the fact that the tenkan line has cut the kijun line upwards suggests that the short-term buying trend has strengthened and the price has started to turn upwards.

Looking at the overall picture, these recovery signals in technical indicators suggest that an upward movement in XRP may begin again. If the CMF also rises above the zero level, it may be possible for the price to break through the $2.21 resistance and move towards $2.24 and then around $2.39. However, as long as the CMF remains in the negative zone, the possibility that selling pressure will be encountered again at these levels and the price will enter the correction should also be considered. For this reason, it is useful to carefully monitor especially liquidity movements in terms of the permanence of the rise.

Supports 2.1204 – 2.0201 – 1.8932

Resistances 2.2154 – 2.3928 – 2.4765

SOL/USDT

SOL price continued its uptrend during the day. The asset broke the downtrend that started on April 25 to the upside and strengthened its uptrend. On the 4-hour chart, the 50 EMA (Blue Line) remained 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; in addition, an increase in daily inflows may push CMF above the positive zone. Relative Strength Index (RSI14) is in overbought territory. This could trigger profit selling and cause a pullback. At the same time, bearish divergence should be monitored. The $163.80 level stands out as a strong resistance point in case of an uptrend 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 $ 144.35 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

The DOGE price continued its uptrend during the day and is currently testing the strong resistance at $0.18566. If it breaks here, it may test the resistance level of the uptrend that started on April 9. However, the double top pattern should be followed. 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 an upward trend in the short term. The Chaikin Money Flow (CMF20) indicator trended from positive to neutral. However, an increase in inflows could push CMF higher into the positive territory. The Relative Strength Index (RSI14), on the other hand, remained above the uptrend that started on May 6 and moved up to the overbought level. This could trigger profit selling and lead to a pullback. The $0.18566 level stands out as a strong resistance zone in case of a rally on 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 0.17766 – 0.16686 – 0.15680

Resistances 0.18566 – 0.19909 – 0.21154

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