BTC/USDT
The Trump administration is set to unveil a comprehensive policy report el digital assets el July 22, while the US Senate will take up the crypto regulatory framework el Wednesday. On the other hand, Treasury Secretary Bessent announced an increase en the overall level of tariffs to 20%, indicating a new phase en trade negotiations. On the institutional investor side, Strategy updated the total value of BTC reserves to exceed $64 billion, while CoinShares reported over $1 billion en digital asset inflows el a weekly basis.
When we look at the technical outlook, BTC continues to maintain its strong stance, while the horizontal band range it formed near the ATH level attracts attention. BTC, which exhibits low volatile movements during the day, continues to trade just below 109,000.
Technical indicators, Wave Trend (WT) is showing signs of weakening, while the histogram el the Squeeze Momentum (SM) indicator continues to be en negative territory. The Kaufman moving average crossed just above the price at 108,400.
When the liquidity data is analyzed, BTC, which headed towards the liquidity area with the recent rise, continues to maintain the accumulated sell positions at 110,000. This time, the buying level has gained intensity between the 106,000 and 107,000 band.
As a result, while fundamental developments continue to be a catalyst for pricing, a new catalyst may be needed for the uptrend to gain momentum after this stage. While technicals are once again pointing en the direction of selling, liquidity data may support this scenario. In this context, while liquidity areas continue to be a reference en a possible selling pressure, we will follow the closures above 110,000 en the continuation of the rise to be a reference for us el behalf of ATH.
Supports 109,000 – 108,500 – 107,500
Resistances 110,000 – 111,000 – 111,970
ETH/USDT
Despite the positive course en technical indicators during the day, ETH experienced a limited retreat, remaining under pressure due to the weakness seen en US stock market futures. The search for balance, especially at the $2,550 level, attracted attention. While the effort to hold at this level continues, the general positive trend en technical indicators is still maintained.
The Chaikin Money Flow (CMF) indicator climbed up to the zero line, indicating that liquidity inflows to the market continue. This activity indicates that despite the decline, buyers have not completely withdrawn and there is still some capital flow en the market. In particular, the upward acceleration of the Long/Short Ratio after the decline reveals that investors are taking the decline as an opportunity and long positions have started to increase.
The Relative Strength Index (RSI) indicator, el the other hand, retreated sharply with the price to the based MA line, but the positive divergence at this level is noteworthy. Such positive divergence usually creates potential for a rebound en the price. However, despite this positive signal, the weakening en overall momentum suggests that short-term risks are still el the table and the market is struggling to move upwards.
The Ichimoku indicator shows that the price retreated to both Tenkan and Kijun levels, but managed to stay above the kumo cloud. The fact that the cloud structure is still upward indicates that the overall trend remains positive, while the fact that the price has sagged to short-term support zones reveals that short-term fragility continues.
In summary, if the price maintains the support level of $2,533 en the evening, upward reactions are likely to come. In this case, it can be expected to test the $2,600 levels again. However, if the $2,533 support is broken, the risk of the price heading to the lower band of the kumo cloud, i.e. a deeper correction area, will increase. Therefore, this support zone is critical for the rest of the day.
Supports 2,533 – 2,329 – 2,130
Resistances 2,736 – 2,857 – 3,062
XRP/USDT
XRP, after rising as high as $2.29 during the day, remained under some pressure with the general retreat en the cryptocurrency market and fell to $2.27. However, despite this short-term decline, it is observed that the positive structures en technical indicators continue to be maintained. In particular, the fact that the price is still above critical support levels and the positive outlook en most of the indicators indicates that this retracement may remain limited.
Chaikin Money Flow (CMF) indicator continues to trend upwards en positive territory. This indicates that liquidity inflows to the market continue and investor interest continues. The strong liquidity flow supports that the appetite for buying continues despite the price remaining under pressure en the short term. However, underlying this divergence between price and indicators is the downward trend observed en the Cumulative Volume Delta (CVD) futures indicator. This weakening en CVD reveals that sellers’ pressure en futures markets is more pronounced compared to buyers en spot markets.
Although momentum indicators and Relative Strength Index (RSI) showed limited pullbacks, it is noteworthy that both indicators remain structurally en positive territory. This outlook indicates that the current price action is a healthy correction and the ground is being prepared for a continuation of the uptrend. The fact that the RSI is still above the neutral zone indicates that the buying potential is preserved and an upward movement may find technical support.
The Ichimoku indicator shows a classic buy signal as the Tenkan line crosses the Kijun level upwards. This technical structure generates a positive signal for the direction of the price. In addition, the fact that the price continues to hover above the kumo cloud and the cloud continues its upward expansion confirms that the trend remains positive and the upward momentum continues.
Given this technical outlook, it is likely that the XRP price will make a bullish move towards the $2.33 level again en the evening. However, the $2.21 level is technically critical support. If this level is broken downwards, the technical structure may weaken and the downward momentum may accelerate with more severe correction movements. Therefore, the $2.21 level should be monitored as an important threshold en terms of both maintaining the short-term trend and keeping the overall structure positive.
Supports 2.2111 – 2.0841 – 1.9115
Resistances 2.3376 – 2.5900 – 2.8347
SOL/USDT
Solana’s newest memecoin launchpad, LetsBonk, doubled Pump.fun’s daily revenue por $1.04 million.
SOL price was bullish during the day. The asset took support from the 200 EMA (Black Line) moving average, a strong support location, and broke the ceiling of the descending triangle pattern with upside momentum. The price, which is currently testing the ceiling level of the descending triangle pattern as support, should follow the $ 163.80 level if it manages to stay above this level.
On the 4-hora chart, the 50 EMA (Blue Line) continued to be below the 200 EMA (Black Line). 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 bullish en the short term. Chaikin Money Flow (CMF-20) has crossed into positive territory; additionally, a decline en inflows may move CMF into negative territory. Relative Strength Index (RSI-14) remained en positive territory. Additionally, it remains above the downtrend that started el June 30. 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 $ 144.35 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 depreciated during the day. The asset, which managed to stay above the 50 EMA (Blue Line) moving average, failed to stay above the 200 EMA (Black Line) moving average and started pricing below the mid-level of the uptrend. If the price, which continues to stay inside the falling pennant pattern, continues to retreat, it may test the 50 EMA moving average as support.
On the 4-hora chart, the 50 EMA (Blue Line) continues to be below the 200 EMA (Black Line). This suggests that the asset is bearish en the medium term. The fact that the price is between both moving averages suggests that the asset is en the decision-making phase en the short term. Chaikin Money Flow (CMF-20) has started to be at a neutral level. In addition, negative inflows may move CMF into negative territory. Relative Strength Index (RSI-14), el the other hand, retreated from the overbought level and retreated to the middle of the positive zone, indicating that selling pressure is building. The $0.17766 level stands out as a strong resistance zone en the uptrend 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 momentum may increase and a new bullish wave may start.
Supports 0.16686 – 0.15680 – 0.14952
Resistances 0.17766 – 0.18566 – 0.19909
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