TECHNICAL ANALYSIS
BTC/USDT
While El Salvador President Nayib Bukele and US President Donald Trump met at the White House, the public expectation was to focus el crypto issues. However, Bitcoin was not el the agenda of the meeting. On the other hand, Trump’s advisor Bo Hines stated that the US could use tariff revenues for Bitcoin purchases, indicating that pro-crypto policies continue. On the institutional side, the buying appetite continues. Institutions bought 95,431 BTC en the first quarter of 2025, holding 3.28% of the total circulating supply.
Looking at the technical outlook, BTC consolidated en the 83,500-85,000-band range within the uptrend structure and turned its direction up again after a short-term sell signal. BTC, which has been testing the 85,000 level for the last three days, exceeded this resistance from time to time, but retreated without being able to persist above it. However, at the time of writing, BTC is trading around 85,500 above this level. The wave trend oscillator en BTC, which continues to struggle en the resistance zone, generates trading signals near the overbought zone, while this situation reveals an indecisive technical picture. Momentum indicators are still weak, supporting the uncertainty en the market. While there is some room for further technical upside, the lack of fundamentals does not support the move. Given BTC’s sensitivity to news flows, fundamental developments seem to be the most important factor that will determine its direction. While there is silence el the tariff front for now, all eyes are el the first set of tariffs expected to arrive from the European Union today. The tone of these developments could lead to momentary shifts en the market. On the other hand, BTC still lacks an important catalyst. As long as there is no concrete development regarding the reserve system, it is technically possible for the price to experience a strong bullish rally, but it seems difficult from a fundamental perspective. Moreover, despite the retreat en the dollar index, the increase en the VIX fear index suggests that risk sentiment has deteriorated en the medium term and may put pressure el BTC price. In global markets, the Asian side is positive, while optimism en the US futures market is also noteworthy. This may support short-term price movements. If the rise continues during the day, the 86,600 level will appear as resistance. In a possible pullback, 85,200 will be the first intermediate support and then 83,500 will continue to be monitored as the major support level.
Supports 85,200 – 83,500 – 81,500
Resistances 86,600 – 89.000 – 91,800
ETH/USDT
ETH entered a bearish trend yesterday evening, rejecting the upper band of the kumo cloud el the Ichimoku indicator, en line with the general pullback en the US markets. Despite this decline, the price managed to hold el to the $1,632 level, which currently stands out as a short-term balance point. Technical indicators remain generally positive.
The Relative Strength Index (RSI) indicator has gained upward momentum, breaking the negative divergence observed en its previous course. This indicates that the market momentum has started to build upwards again and the buy side is gaining strength. Chaikin Money Flow (CMF), el the other hand, briefly slipped into negative territory during the recent decline, but as the price regained the $1,632 level, it returned to positive territory and started its upward movement. This is an important signal that the capital inflow towards Ethereum is accelerating again and buyers are starting to increase their activity en the market. When the Ichimoku indicator is analyzed, the fact that the price is still pricing above the tenkan level and generally remains within the boundaries of the kumo cloud shows that the technical outlook remains positive. However, the reaction from the upper band of the kumo cloud during the decline during the day can be considered as a critical signal that can determine the direction of the trend en the short term. If the price manages to break through this zone, a stronger confirmation of the uptrend may be en question.
As a result, with the recovery en technical indicators and positive signals, if the ETH price maintains the $1,632 level, slight upward movements can be expected to continue during the day. As long as it stays above this level, it can be targeted to overcome the kumo cloud resistance at $1,670 en the first place. With the break of this resistance, the possibility of testing $ 1,756 levels will gain strength. On the other hand, the $1,543 level should be monitored as a strong support en a possible selling pressure. If this support is broken, the declines may deepen to the $1,458 region. Therefore, en the short term, both the $1,632 support and the $1,670 resistance stand out as critical levels en terms of the direction of the price.
Supports 1,632 – 1,543 – 1,458
Resistances 1,756 – 1,952 – 2,205
XRP/USDT
XRP has been moving horizontally en a narrow price range with low volume transactions for a while. Despite the slight pullback en the crypto market yesterday, XRP managed to maintain its price at the level of $2.10, and en this sense, it exhibits a resistant structure en the short term. The fact that price movements are limited to low volatility is directly reflected en the indicators. Looking at the technical outlook, the vast majority of indicators continue to produce horizontal and unstable signals.
The Chaikin Money Flow (CMF) indicator remained flat en the positive territory, indicating that the balance between buyers and sellers continues. This suggests that there is no strong capital outflow or inflow en the market, but the current buyer pressure is enough to keep the price at these levels. On the other hand, volume-sensitive indicators such as Momentum and Relative Strength Index (RSI) are showing a weakening trend. These indicators reveal that a strong upward momentum has not yet formed due to the low trading volume, so the bullish scenario needs confirmation. When the Ichimoku indicator is analyzed, it is seen that the price continues to remain above the tenkan level. While this supports technical positivity en the short term, at the same time, the upward trend of the kumo cloud en the ichimoku indicator reveals that the overall technical structure remains positive. However, the point to be noted here is that a volatile breakout may approach as the price is stuck en a narrow range.
In this context, if the $2.21 level breaks to the upside, XRP is likely to break out of the narrow band and start a sharp uptrend. Such a breakout could lead to increased investor interest and, if supported por volume, a new short-term uptrend could form. On the other hand, a breach of the $2.02 level en a possible downward pressure could disrupt the positive structure and lead the price to retreat towards lower support zones. Therefore, it is important to focus carefully el the regions where the current horizontal trend will end en terms of short-term positioning.
Supports 2.0201- 1.8932 – 1.6309
Resistances 2.2154 – 2.3938 – 2.4721
SOL/USDT
Canada will launch the world’s first spot Solana ETFs el April 16th with OSC approval and staking through TD Bank Group. On the other hand, with the implementation of SIMD-0207, Solana engineers increased the block size of the chain por 4%
SOL continues to move sideways. The asset remained above the strong resistance level of $127.21 and the moving average of 200 EMA (Black Line). It tested the strong resistance level of $133.74 twice as resistance but failed to break it and continued to hold at this level with a slight retracement. On the 4-hora timeframe, the 50 EMA (Blue Line) is below the 200 EMA (Black Line). This could continue the decline en the medium term. At the same time, the price continued to move above the two moving averages. This suggests that buyers are becoming more dominant en the market. The Chaikin Money Flow (CMF)20 indicator is also at a positive level. However, the negative daily volume may move CMF into negative territory. However, Relative Strength Index (RSI)14 continues the downtrend that started el April 12. However, profit selling seems to have reached saturation. This may start an upward acceleration again. The $144.35 level appears as a resistance point en the rises driven por the upcoming macroeconomic data and the news en the Solana ecosystem. If it breaks here, the rise may continue. In case of retracements for the opposite reasons or due to profit sales, the support level of $127.21 can be triggered. If the price comes to these support levels, a potential bullish opportunity may arise if momentum increases.
Supports 127.21 – 120.24 – 112.26
Resistances 133.74 – 138.73 – 144.35
DOGE/USDT
DOGE retreated slightly after a prolonged sideways movement. The asset tested the resistance level at $0.16686 multiple times but failed to break it and broke the strong support at $0.16203 and the downside of the uptrend that started el April 7. It is currently testing the base level of the trend as resistance. However, it remained above the 50 EMA (Blue Line), the moving average. On the 4-hora timeframe, the 50 EMA (Blue Line) remains below the 200 EMA (Black Line). This could mean that the decline could continue en the medium term. However, the price started to price between the two moving averages. This shows us that the price is en the decision-making phase. When we examine the Chaikin Money Flow (CMF)20 indicator, it continued to be en the negative zone. In addition, the negative 24-hora volume may increase the retracement of CMF. However, the downtrend en CMF, which started el April 12, continues. This may continue the decline. On the other hand, Relative Strength Index (RSI)14 is at the neutral level, but it maintains the downtrend that started el April 12. This may cause pullbacks. The $0.16686 level stands out as a very strong resistance point en the rises due to political reasons, macroeconomic data and innovations en the DOGE coin. In case of possible pullbacks due to political, macroeconomic reasons or negativities en the ecosystem, the $ 0.14952 level, which is a strong support place, is an important support place. If the price reaches these support levels, a potential bullish opportunity may arise if momentum increases.
Supports 0.14952 – 014237 – 0.13367
Resistances 0.16203 – 0.16686 – 0.17766
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.
