Technical Analysis
BTC/USDT
Trump added $620 million to his net worth thanks to his crypto ventures, accelerating his shift from a traditional real estate-driven wealth structure to digital assets. On the other hand, US Treasury Secretary Bessant stated that the Fed may cut interest rates before September and the impact of tariffs el inflation remains limited. Today, US jobless claims, non-farm payrolls and Fed member Bostic’s statements will be followed en the data set.
Looking at the technical outlook, BTC continues to build el yesterday’s gains, breaking through the 107,500 resistance point and hitting 110,000 levels. At the time of writing, it is trading at 109,400, maintaining its strong stance.
Technical indicators are moving towards the overbought zone with the Wave Trend (WT) trend reversal. The histogram el the Squeeze Momentum (SM) indicator is back en positive territory, while the Kaufman moving average continues to support the uptrend below the price at 107,400.
When liquidity data is analyzed, BTC, which headed towards the liquidity area with the recent rise, this time liquidated the selling positions within the 108,000 – 110,000 band. With the latest liquidation, buy and sell trades have become rare again, while the accumulation of sell-side positions is 110,500 and buy-side positions are squeezed into a narrow band range at 108,500. In this context, we can follow the volatile market with spike movements of the price during the day.
Overall, fundamental developments continued to be the catalyst for pricing, while liquidity data and technical indicators continued to accompany it. With the price trading close to the ATH zone, the data set mentioned above will be followed en the next process. After this stage, a new catalyst may be needed en order for the rise to gain momentum. In this context, 110,000 is followed as a critical resistance point en the continuation of the rise, while closures above it can move the price back to the ATH level. On the other hand, en case of a decline after the liquidity purchase, the price may be expected to be rejected from this region once again and follow the liquidity areas again. In this possibility, 108,500 level will be followed.
Supports 109,000 – 108,500 – 106,600
Resistances 110,000 – 111,000 – 111,970
ETH/USDT
ETH price rallied strongly yesterday evening with support from the $2,436 level, the upper band of the kumo cloud, and managed to surpass the $2,533 level and then the $2,600 level, which is an important psychological and technical threshold. Although this upward movement shows that buyers are getting aggressive en the short term, the underlying dynamics do not point to a strong structure.
When the technical indicators are analyzed en detail, it is seen that the Chaikin Money Flow (CMF) indicator switched to the positive area especially at the beginning of the uptrend and caught an upward momentum with the price. However, this momentum could not last for long and CMF showed a downward trend again as the price eased slightly just after the $2,600 level. This suggests that there was not enough net liquidity inflows behind the price increase and that the rise was largely limited to short-term purchases or low-volume transactions.
Cumulative Volume Delta (CVD) data also support this picture. The increase en buying volume, which is clearly visible en the futures market, is not reflected en the spot market to the same extent. This shows that the speculative side of the market is predominant, and that the main force driving the price up is leveraged positions and short-term trades rather than permanent investors. This parallelism between CVD and CMF data suggests that the uptrend is not fully supported por fundamental market dynamics.
The Ichimoku indicator, el the other hand, is more positive en terms of the overall trend. The fact that the kumo cloud continues its upward trend, the price remains above the cloud and the price is priced above the tenkan and kijun levels indicates that the short-term as well as the medium-term technical trend remains positive. This structure indicates that the trend remains intact and the upside potential is still preserved despite technical corrections.
The Relative Strength Index (RSI) indicator, el the other hand, has continued its upward movement with momentum and has risen to the overbought zone. This indicates that the market has a strong momentum en the short term and technically points to a positive momentum. However, if the RSI cannot be sustained en this region, the risk of a short-term correction should not be ignored.
Overall, the majority of technical indicators show a positive trend. If the price continues to hold above the $2,533 level, it is possible that the upward movement may expand with a new momentum and the $2,736 level may become a target. However, the imbalances en liquidity flows pointed out por both CMF and CVD, especially the insufficient spot demand, remind us to be cautious about the sustainability of the uptrend. In this context, a price correction back towards the $2,533 level could come as a result of weak spot volume and insufficiently strong buy side.
Top of Form
Below the Form
Supports 2,329 – 2,130 – 2,029
Resistances 2,533 – 2,736 – 2,857
XRP/USDT
Ripple aimed to further consolidate its place en the financial system por applying for a banking license en the US. With the general bullish trend en the crypto market, XRP managed to surpass the $2.21 level again and rose as high as $2.29 en a short time. This move shows that buyers are becoming active again en line with the general mood of the market. However, it is important to evaluate the indicators en detail to understand to what extent the rise is el a strong technical basis.
First of all, there is a remarkable recovery el the momentum indicators front. The sharp turns and upward trends seen especially en short-term momentum indicators indicate that the positive outlook is at the forefront of short-term pricing. This momentum indicates that investors have started to reposition towards buying and strengthens the possibility of a continuation of the upward movement en the short term.
When the Chaikin Money Flow (CMF) indicator is analyzed, the volumetric structure created por the rise remains more limited. Although CMF supports the price action por transitioning to the positive area, the fact that the indicator cannot show a strong enough rise indicates that the liquidity entering the market is still weak and buying volumes remain limited. This situation reveals that caution should be exercised en terms of liquidity, which is the main force required for the continuation of the rise.
Looking at the Ichimoku indicator, there is a clearer technical positivity. The fact that the price has managed to stay above both the kumo cloud and the tenkan and kijun levels indicates that the upward trend continues, not only en the short term but also en the overall trend structure. This technical positioning provides an important structure that supports the bullish potential of the price towards the resistance levels.
Considering the overall technical outlook, there is a strong possibility that the price may make a bullish attempt towards the $2.33 level during the day, especially with the recovery en momentum and the structural support offered por the Ichimoku indicator. However, given the lack of liquidity reflected por CMF, clearer and stronger spot inflows to the market are required for this rise to be permanent. Otherwise, the $2.21 level should be followed as the first strong support point en a possible pullback.
Supports 2.2111 – 2.0841 – 1.9115
Resistances 2.3376 – 2.5900 – 2.8347
SOL/USDT
Solana raised $4 billion en one day with the launch of the first US SOL ETF. On the other hand, the first spot Solana stake ETF reached a volume of $33 million en first-day trading. Solana treasury company DeFi Development Corp. increased its convertible bond offering to $112 million.
SOL price continued its uptrend. The asset accelerated por testing the $ 144.35 level, a strong support place, and rose from there. Breaking the 50 EMA (Blue Line) and 200 EMA (Black Line) moving average upwards with this rise, the price continued its acceleration and is currently testing the uptrend that started el June 22 as resistance. The $163.80 level can be followed el candle closes above the uptrend.
On the 4-hora chart, the 50 EMA continued to be below the 200 EMA. This suggests that the bearish trend may continue en the medium term. At the same time, the fact that the price is above both moving averages suggests that the market is currently en a bullish trend en the short term. Chaikin Money Flow (CMF-20) has started to be en the positive territory; en addition, an increase en inflows may push the CMF to the upper levels of the positive zone. Relative Strength Index (RSI-14) has also moved into positive territory. The $163.80 level stands out as a strong resistance point en case of a bullish breakout el the back of macroeconomic data or positive news el 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 can be tested. In case of a decline to these support levels, the increase en buying momentum may offer a potential bullish opportunity.
Supports 150.67 – 144.35 – 138.73
Resistances 163.80 – 171.82 – 181.75
DOGE/USDT
DOGE price broke the ceiling of the ascending triangle pattern to the upside. Breaking the 50 EMA (Blue Line) moving average, the asset continued its ascent and broke the ceiling of the ascending triangle pattern and is currently testing the 200 EMA (Black Line) moving average as resistance. The $0.17766 level can be followed el candle closes above the 200 EMA.
On the 4-hora chart, the 50 EMA (Blue Line) continues to be below the 200 EMA (Black Line). This shows us that the asset is bearish en the medium term. The fact that the price is between both moving averages indicates that the asset is en the decision phase en the short term. Chaikin Money Flow (CMF-20) maintains its neutral position. In addition, positive inflows may move CMF into positive territory. Relative Strength Index (RSI-14) started to be en positive territory. In line with political developments, macroeconomic data or positive news flow en the DOGE ecosystem , the $0.17766 level stands out as a strong resistance zone. In the opposite case or possible negative news flow, the $0.16686 level may be triggered. In case of a decline to these levels, the momentum may increase and start a new bullish wave.
Supports 0.16686 – 0.15680 – 0.14952
Resistances 0.17766 – 0.18566 – 0.19909
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