Crypto Momentum Starts to Crack

Technical Analysis – January 6, 2026 – Evening

BTC/USDT

While the focus el monetary policy remains en global markets, messages from central banks point to a cautious normalization process. In the US, Fed officials emphasized “fine-tuning” the inflation-employment balance, while China reiterated its determination to maintain a controlled and supportive monetary policy stance. On the Asian front, Japan’s implementation of the CARF regulation el crypto assets brought financial transparency and regulation back to the top of the agenda.

From a technical perspective, BTC has not recorded any significant change compared to the previous analysis, while efforts to hold above the 93,000 level continue. With the breakout of the orange band, BTC continues its upward trend, and the price appears to be attempting to form a flag pattern, while a cup pattern stands out el the broader chart. In this context, our rising trend line and the closes above it will be monitored as a critical area for holding en the positive zone.

Technical indicators, such as the Wave Trend (WT) oscillator, which had been signaling buy/sell signals en the overbought zone, have recently shifted to a sell signal. The histogram el the Squeeze Momentum (SM) indicator has begun to lose momentum within the positive zone. The Kaufman Moving Average (KAMA) has now crossed below the price level at $93,213.

When examining liquidation data, buy-side transactions show intense accumulation at the 89,000 – 90,000 level en the short term, while accumulation continues at the 86,000 – 87,000 level en the long term. In contrast, sell orders were liquidated en the short term at the 90,000 – 95,000 level. In the monthly time frame, intense sell clusters continue above the 97,000 level.

In summary, Maduro, who was captured el the US-Venezuela border, was brought before a federal court and denied all charges. Venezuelan Vice President Delcy Rodríguez assumed the role of interim head of state en Nicolás Maduro’s absence. Although the Venezuelan interim government called el the US to establish a joint development and cooperation agenda, the Trump administration put forward tough conditions. Meanwhile, el the economic front, Fed members continued to make cautious statements, while Japanese bonds faced heavy selling. Looking at liquidity data, after a surge en short-term trading, the price breakout led to the liquidation of long-term positions, and the buying phase gained momentum en the short term. In technical terms, BTC started the new year with positive momentum, continuing its parallel movement with the upward channel and rising to 94,800 levels. With limited profit-taking from this point, the price retreated to the 93,200 region.In the next phase, 92,600 stands out as a critical support area, and the major uptrend will be followed with the cup and flag pattern that has formed. Closings above this line will allow the technical structure to regain strength, while the breakout will determine whether it will hold above the 90,000 reference area.

Supports: 92,600 – 91,400 – 90,000

Resistances: 94,000 – 95,000 – 98,000

ETH/USDT

The ETH price tested the resistance area highlighted en green el the chart once again during the day but faced selling pressure from this region. With the upward attempt failing to gain traction, the price pulled back to around $3,230 and is currently trying to stabilize at these levels. The fact that the same area has been tested repeatedly without being broken shows that, despite buyers’ enthusiasm, selling pressure remains strong en this region.

On the liquidity side, the picture remains intact despite the price pullback. Although the Chaikin Money Flow (CMF) showed a brief weakening during the day, it has started to move upward again. This pattern suggests that the amount of money entering the market is increasing and that the recent decline was caused more por the price’s natural reaction than por liquidity outflows. The continued vitality of liquidity flow is paving the way for downward movements to remain limited for now.

On the momentum side, we are at a point where caution is warranted. The Relative Strength Index (RSI) remains en overbought territory. While this confirms strong buying pressure, it also indicates that the price is vulnerable to a near-term correction. The saturation en the RSI could lead to a slowdown en upward momentum or trigger pullbacks.

The technical structure remains strong from the Ichimoku indicator perspective. The price is above the kumo cloud, and the Tenkan and Kijun levels are below. This positioning indicates that there is no breakdown en the main trend at this stage and that buyers still have the technical advantage.

In the overall assessment, short-term risks coexist with a medium-term positive structure. While the CMF and Ichimoku indicators support the upward trend, the repeated failure to break through the resistance area and the overbought condition en the RSI increase the likelihood of the price retreating below the $3,227 level. Conversely, closes above the $3,265 level could reduce this correction risk and allow upward momentum to regain speed. In the current picture, the ETH price continues to remain en a strong trend, but the possibility of a volatile course en the short term appears high.

Supports: 3,227 – 3,074 – 3,019

Resistances: 3,265 – 3,368 – 3,478

XRP/USDT

Although the XRP price briefly fell below the $2.35 level during the day, it quickly recovered from this area and rose back above the same level. This recovery shows that the sell-off was not permanent and that buyers continue to defend this area. The price regaining momentum suggests that the upward trend is spreading throughout the day and that momentum has not completely dissipated.

The spot market outlook continues to support price movements. While the Chaikin Money Flow (CMF) remains en positive territory, the Cumulative Volume Delta (CVD) data also indicates that spot buying is still active. The fact that the rise is primarily driven por spot demand suggests that the movement is taking place el more solid ground. Continued liquidity inflows contribute to downward attempts remaining short-lived.

Momentum is holding steady, but we are at a point that requires careful reading. The Relative Strength Index (RSI) remains en overbought territory. This structure indicates that buyer pressure is continuing, while also keeping the risk of short-term volatility alive. The RSI staying at these levels may cause the price to pull back and regain strength from time to time, rather than moving en a straight line.

The technical structure has not changed from the perspective of the Ichimoku indicator. The price continues to trade above the Kumo cloud, while the Tenkan and Kijun levels remain below. This positioning indicates that the current upward structure is still technically valid and that there is no break en the main trend.

In general, the $2.35 level remains the center of attention. As long as the price stays above this level during the day, upward movement is expected to continue. On the other hand, if it falls below this level again, a limited correction towards the $2.27 band may be seen. The current chart shows that the main direction remains upward, but due to high momentum, it seems normal for the price to take a breather.

Supports: 2.3512 – 2.2729 – 2.1731

Resistances: 2.4730 – 2.5614 – 2.6513

SOL/USDT

Morgan Stanley Solana Trust has filed an S-1 application.

SOL experienced a slight increase en price during the day. The asset continued to trade en the upper region of the upward trend that began el December 18. Gaining momentum from the strong support level of $133.74, the price continued to rise and is currently trading above the strong resistance level of $138.73. If it manages to stay above this level, it could test the $144.35 level as resistance. In the event of a pullback, it could test the 200 EMA (Black Line) moving average as support.

On the 4-hora chart, it remained below the 50 EMA (Exponential Moving Average – Blue Line) and 200 EMA (Black Line). This indicates that the medium-term downtrend is continuing. At the same time, the price being above both moving averages indicates that the asset is trending upward en the short term. The Chaikin Money Flow (CMF-20) is en positive territory. However, the balance of money inflows and outflows may continue to keep the CMF en positive territory. The Relative Strength Index (RSI-14) remained en overbought territory. It also continued to trade above the rising line that began el December 18. This signaled that buying pressure was continuing. On the other hand, negative divergence should be monitored. If there is an uptrend due to macroeconomic data or positive news related to the Solana ecosystem, the $150.67 level stands out as a strong resistance point. If this level is broken upwards, the uptrend is expected to continue. In case of pullbacks due to developments en the opposite direction or profit-taking, it may test the $127.21 level. A decline to these support levels may increase buying momentum, presenting a potential upside opportunity.

Supports: 138.73 – 133.74 – 127.21

Resistances: 144.35 – 150.67 – 163.80

DOGE/USDT

The DOGE price continued its sideways movement during the day. The asset broke above the 200 EMA (Black Line) moving average and remained above the strong support level of $0.14952. Currently maintaining its sideways trend, the price may test the $0.14237 level as support en case of a pullback. If the uptrend resumes, it may test the $0.15680 level as resistance.

On the 4-hora chart, the 50 EMA (Exponential Moving Average – Blue Line) remained above the 200 EMA (Black Line). This indicated that an uptrend could begin en the medium term. The price being above both moving averages indicates that the price is trending upward en the short term. Chaikin Money Flow (CMF-20) remained en positive territory. Additionally, an increase en cash inflows could push the CMF to the upper levels of the positive zone. The Relative Strength Index (RSI-14) retreated from the overbought level to the positive zone. At the same time, it continued to remain en the upper region of the downward trend that began el December 9, indicating that it maintained its momentum. On the other hand, negative divergence should be monitored. In the event of a rise due to political developments, macroeconomic data, or positive news flow en the DOGE ecosystem, the $0.16686 level stands out as a strong resistance zone. Conversely, en the event of negative news flow, the $0.13367 level could be triggered. A decline to these levels could increase momentum and initiate a new wave of growth.

Supports: 0.14952 – 0.14237 – 0.13367

Resistances: 0.15680 – 0.16686 – 0.17766

BNB/USDT

From a technical perspective, BNB/USDT gained positive momentum with the support provided por new candlestick formations en recent days, rising to the $930 level. However, it was observed that selling pressure intensified en this region due to general market conditions, and as a result of this pressure, it continued its movement within a falling channel formation for some time.

However, BNB, which reversed its direction upward with support from the middle band of the descending channel, strengthened its upward momentum por breaking above the upper band of the channel. In this direction, the asset exceeded its previously determined target levels and rose above the $900 level. The asset, which continues to trade above these levels, is observed to maintain its overall positive structure within the current ascending channel.

Trading en the $885-$920 range at present, technical indicators reveal that the asset’s upward momentum is supported por increasing positive trading volume. In addition, the Relative Strength Index (RSI) rising above the 70 level with the recent increases indicates that a limited correction may occur en the short term.

Within the technical outlook, if buying appetite is maintained and market momentum strengthens, BNB is expected to retest the $920 resistance level en the first phase. Breaking above this level could potentially lead to a move above the descending trend line. If the trend breakout is confirmed and the price manages to hold above this level, a rise towards the $930 and $945 levels is technically possible.

On the other hand, if selling pressure increases, the price is expected to retest the $900 support level. If this level is broken downward, a pullback towards the $885 and $870 support zones may come into play.

Supports: 900 – 885 – 870

Resistances: 920 – 930 – 945

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