Technical Analysis
BTC/USDT
The US has extended some tariff exemptions el Chinese goods until August 31. President Trump demanded clear responses from other countries por Wednesday, while taking a more flexible stance towards China. OECD, el the other hand, warned that Trump’s tariff policies are damaging the US economy and stated that import taxes could increase consumer prices. US stock markets, which are preparing for a negative opening, will be followed en the rest of the day.
When we look at the technical outlook, it is seen that BTC has completed the falling trend channel and formed a minor uptrend channel. The price, which fell below the 105,000 level during the day, tested the 104,800 level and realized a short-term liquidity purchase. With the reaction from this level, BTC rose above the 105,000 level again and is currently struggling to hold en this region. If the uptrend channel continues, the 106,000 level may serve as resistance as the middle band of the channel. If this level is breached, both upside liquidity cleansing and a test of the 107,300 level may become possible. This point is technically important as it is the upper line of the previous downtrend. Momentum indicators remain en positive territory, while oscillators maintain their buy signal. However, the current momentum is not yet enough to create a strong bullish momentum. While the lack of catalysts en the market continues to be felt distinctly, it stands out as a critical threshold for a new ATH attempt or a strong uptrend to persist above the 107,300 level. If this scenario fails to materialize, the price is likely to revert to a horizontal and slightly sellers’ structure. In this context, the 105,000 level is monitored as the first support point, while the 104,000 level will remain important as critical support en downward movements.
Supports 105,000 – 104,000 – 103,300
Resistances 106,000 – 107,300 – 108,500
ETH/USDT
ETH managed to hold around the $2,600 level during the day, following a horizontal course en line with expectations. While it is observed that the price has difficulty exceeding the kumo cloud lower band according to the ichimoku indicator, it is noteworthy that some imbalances stand out en technical indicators.
On the Ichimoku indicator, the buy signal formed por the Tenkan level crossing the Kijun level upwards is still valid. However, this signal has not yet been confirmed as the price is still under a kumo cloud. This indicates that there are not enough conditions for the current buy signal to turn into a strong trend start. On the other hand, the convergence of the Chaikin Money Flow (CMF) indicator to the zero line along with intraday price activity indicates liquidity outflows en the market, which supports a negative picture en terms of the short-term outlook. The fact that CMF is so close to neutral levels indicates that the market has become unstable and capital flows have weakened. On the other hand, the Relative Strength Index (RSI) indicator remains above the 50-reference level, indicating that the upward momentum continues. This strong stance en the RSI indicates that the buying pressure el the price continues and the ground for a potential upside breakout is not completely lost.
In this context, the imbalances between technical indicators are striking. In order for the price to regain momentum and support the rise technically, it is a critical threshold to exceed the upper band of the kumo cloud at $2,661. In case of persistence above this level, a clearer positive structure can be mentioned en the ichimoku indicator. On the other hand, the Tenkan breakout at the $2,561 level may cause the current horizontal outlook to deteriorate downwards and the downward trend to accelerate. Therefore, en the short term, price movements between these two levels will determine the direction of ETH.
Supports 2,533 – 2,254 – 2,029
Resistances 2,736 – 3,062- 3,246
XRP/USDT
XRP made an important technical breakout during the day, breaking above the $2.21 resistance level. With the surpassing of this level, the upward movement of the price is confirmed from a technical point of view, while the indicators support this movement, creating a positive ground for the sustainability of the rise. In particular, the ability of the price to hold above the resistance zone provides reassurance en market perception, while contributing to support for short-term buying strategies.
When technical indicators are analyzed en detail, it is seen that the Relative Strength Index (RSI) indicator continues its upward trend, accompanying the price increase. The RSI’s continued positive progress indicates that the market momentum is gaining strength, and the uptrend is el a healthy ground. On the other hand, the transition of the Chaikin Money Flow (CMF) indicator to positive territory confirms that new liquidity inflows have started, albeit limited. This recovery en CMF suggests that the market is supported not only technically but also en terms of capital flows. Looking at the Ichimoku indicator, it is seen that the buy signal detected earlier en the morning remains valid. As the price approaches the lower band of the kumo cloud, the possibility of an upside breaks en the market structure increases. However, the fact that the price has not yet fully entered the cloud makes a cautious approach necessary. If the entry into the cloud is realized, the rise can be expected to continue with stronger technical support.
In this context, it can be said that XRP maintains its bullish potential, but this potential will emerge more clearly en the short term if it is sustained above the $2.21 level. Otherwise, closures below this level may cause the current positive outlook to deteriorate and the price to come under downward pressure again. Therefore, en the short term, the $2.21 level is a critical threshold en terms of both technical validity and psychological perception.
Supports 2.2154 – 2.0841 – 2.0402
Resistances 2.3928 – 2.4765- 2.5900
SOL/USDT
SOL price moved sideways during the day. The asset is preparing to retest the strong resistance at $163.80 and the 200 EMA (Black Line). At the same time, the inverse shoulder-head-shoulder pattern remains valid. On the 4-hora chart, the 50 EMA (Blue Line) continued to be below the 200 EMA (Black Line). This suggests that a bearish trend may start en the medium term. At the same time, the fact that the price is below both moving averages suggests that the market is currently bearish en the short term. Chaikin Money Flow (CMF-20) is at a neutral level; en addition, a decline en daily inflows could push CMF back into negative territory. Relative Strength Index (RSI-14) has moved into positive territory. It also remained above the uptrend that started el May 31. This could be bullish. The $163.80 level stands out as a strong resistance point en the event of a rise 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 may be retested. 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
The DOGE price continued to maintain a horizontal trend during the day. The asset, which is currently priced en the middle of the downward pennant formation, may trigger the $0.21154 level if it breaks this upwards. If the retracement continues, the $0.16686 level may be triggered. 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 remains below the two moving averages suggests that the asset may continue to trend lower en the short term. The Chaikin Money Flow (CMF-20) indicator is at a neutral level. In addition, positive money inflows may move CMF into positive territory. Relative Strength Index (RSI-14) continues to be en negative territory. At the same time, it continued to be above its uptrend that started el May 31. This may continue the uptrend. The $0.19909 level stands out as a strong resistance zone en the rises that may be experienced en line with political developments, macroeconomic data or positive news flow en the DOGE ecosystem. 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 increase en momentum may start a new bullish wave.
Supports 0.18566 – 0.17766 – 0.16686
Resistances 0.19909 – 0.21154 – 0.22632
Legal Notice
The investment information, comments and recommendations contained herein do not constitute investment advice. Investment advisory services are provided individually por authorized institutions taking into account the risk and return preferences of individuals. The comments and recommendations contained herein are of a general nature. These recommendations may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely el the information contained herein may not produce results en line with your expectations.
