Weekly Technical Analysis Report
BTC/USDT
Last week, multifaceted statements and decisions from the US and Europe stood out on the economic agenda, while Fed Chair Powell’s silence and Trump’s call for lifting the debt ceiling increased the uncertainties in Washington. In the data set, ECB cut interest rates while US Non-Farm Payrolls data came in above expectations. While the customs exemption decision for China was extended, work on digital asset regulations also gained momentum. On the institutional investor front, Strategy, Metaplanet and Semler Scientific continued to buy Bitcoin. Towards the end of the week, the increasing tension between Elon Musk and US President Trump caused a sharp sell-off in the markets. This week, US inflation data and jobless claims will be followed in the data set, along with developments regarding the Stablecoin law and the SEC roundtable meeting.
With all these developments, the price fell to the $ 100,300 level with the retracement that started from the ATH level of $ 111,970, which BTC reached after the golden cross structure on the daily chart. BTC, which started the week at 106,000 levels, turned down during the week and tested the 100,300 level and rose above the 107,000 level again with the support it received from this region. With this move, BTC is set to close the week with a rise of about 1.49%. With the recent correction, the wave trend oscillator retreated from the overbought zone to the mid-channel band, where it gave a buy signal again. Momentum indicators, on the other hand, show a recovery trend, indicating that the uptrend continues on a technically healthy ground. However, this time it is noteworthy that fundamental developments, especially macroeconomic uncertainties, have increased the pressure on the price. In previous analyses, we mentioned that BTC usually corrects in the range of 10% to 15% after golden cross structures. The latest move confirms this, as there was a pullback of around 11% from the peak and the price touched the SMA 50 line.
On the other hand, when the current liquidation data is analyzed, it is seen that while the liquidation of buying positions took place, the selling positions opened at ATH levels were largely closed, while the accumulation is concentrated at 108,000 levels this time. This increases the possibility that the price may head towards the liquidity zone and indicates that the ATH level may be tested again. In the opposite case, that is, if the upward momentum is not supported by fundamental developments, the 105,000 level will be followed as the first critical support.
Supports 105,000 – 102,000 – 100,000
Resistances 108,000 – 111,970 – 115,000
ETH/USDT
As highlighted in last week’s technical analysis report, the ETH price remained under pressure due to weaknesses in technical indicators and retreated to $2,385. With the support it received from this level, it recovered and rose to the Tenkan level. However, when analyzed in the daily timeframe, it is clearly seen that the weakness in technical indicators continues. This fragile structure, especially on the momentum side, indicates that short-term recoveries may remain limited. On-chain data also supports this technical weakness. Cumulative Volume Delta (CVD) data reveals that selling pressure is effective in both spot and futures markets. Despite this selling pressure, the funding rate remains in positive territory, suggesting that highly leveraged long positions remain in the market and liquidation risks are still alive. At the same time, the long/short ratio remained long-weighted, suggesting that futures traders have not abandoned their bullish expectations and are treating the decline in prices as a temporary correction. Another important development regarding on-chain activity is that the amount of ETH locked in Beacon Chain and liquid staking (LST) protocols continued to increase this week. This trend reflects that despite short-term volatility, investors remain confident in ETH and the medium-term outlook remains positive.
A detailed analysis of technical indicators reveals that during the last bearish move, the Chaikin Money Flow (CMF) indicator crossed into negative territory, signaling weakness. This outlook indicates that capital outflows from the market have accelerated and selling pressure has become structural. When the Ichimoku indicator is analyzed, the fact that the price continues to remain below both Tenkan and Kijun levels and the classic sell signal formed by the Tenkan level crossing the Kijun level downwards indicates that downward pressures may continue in the short term. However, the fact that pricing is still above the kumo cloud supports the positive medium-term outlook. On the Relative Strength Index (RSI) side, the recovery after the recent declines indicates that the weakness in momentum has been replaced by partial strength and the price is trying to form a bottom in technical terms.
When all these data are evaluated together, the fact that the funding rate remains extremely positive, along with the general weakness signals in technical indicators, suggests that the price may continue to remain under pressure over the next week. In this scenario, while $2,207 is the most important support level, the possibility of the price retreating to this level should not be ignored. On the other hand, strong closes above the $2,589 level could disrupt this negative outlook and pave the way for the start of a new bullish wave.
Supports 2,207 – 2,001- 1,755
Resistances 2,589 – 2,826 – 3,053
XRP/USDT
The XRP price fell sharply to the $2.06 level last week amid a pullback in global markets and cryptoassets as well as weakness in technical indicators. This level also worked as a strong technical support zone as it coincided with the lower band of the kumo cloud on the ichimoku indicator. Recovering from this support, XRP managed to regain the $2.24 level later in the week. This recovery offered the first signals that the price could regain bullish momentum in the short term. In this process, the most remarkable development in terms of on-chain data was the release of 1 billion XRP in June within the framework of the XRP supply mechanism, which is carried out regularly every month. However, with 670 million of this amount being re-locked, the net supply increase was only about 330 million XRP. This transparent and regulated supply model is seen as positive in terms of balancing the supply pressure on the market and has the potential to contribute to price stability. Given investors’ sensitivity to the supply-demand balance, this development can be expected to have a steady and positive impact on the XRP price in the medium term.
Taking a closer look at the technical indicators, it is noteworthy that although the Chaikin Money Flow (CMF) indicator is still in negative territory, it has started to trend upwards with the recent rebound in the price. This suggests that liquidity inflows to the market, albeit limited, have begun and investor interest is rebuilding. At the same time, on the ichimoku indicator, the price rose above the Tenkan level with support from the lower band of the kumo cloud, revealing a positive picture in the short-term outlook. This development indicates that the market tends to consider the current levels as a temporary bottom and that upside attempts may increase. The Relative Strength Index (RSI) indicator supports this positive picture. The RSI has settled above the based MA line, accompanying the price’s rise and maintaining its upward momentum. This technical structure confirms that momentum-based buying interest is strengthening in the market and XRP tends to hold at current price levels.
Overall, with the majority of technical indicators generating short-term positive signals, there is a strong possibility that XRP will exhibit an upward movement in the coming days. In this scenario, the resistance level to be followed as the first target above stands out as $ 2.59. However, in order for this bullish scenario to remain valid, it is critical to persist above the $ 2.24 level. Otherwise, in a possible selling pressure, it may become possible for the price to test the lower band of the kumo cloud at the level of $ 2.14 and experience a retreat towards this level.
Supports 2.2436 – 2.0196 – 1.7826
Resistances 2.5925 – 2.8521- 3.1969
SOL/USDT
Last week in the Solana ecosystem;
- fun sent another 156,000 SOLs to a centralized exchange, equivalent to two weeks’ wages.
- The probability of approval of the Solana spot ETF rose above 78%.
- Classover Holdings has agreed a $500 million deal to develop its SOL treasury strategy.
- Solana Trump NFTs sent as airdrops to crypto dinner guests.
- fun is considering a token launch with a fully diluted value of $4 billion and $1 billion in sales.
- Web3 healthcare firm CUDIS launches Solana-based token to power its decentralized healthcare platform.
- Solaxy has raised 44 million dollars for Solana Layer 2.
- Maple Finance launches syrupUSDC in Solana with a $30 million liquidity incentive, increasing institutional DeFi opportunities and cross-chain stablecoin adoption.
SOL price was bearish on the daily chart and continued to stay within the uptrend that started on April 9. After testing the 200 EMA (Black Line) as resistance, the price failed to break it and turned bearish. The asset then tested the bottom of the trend, accelerated to rise by about 6.16% and is currently testing the strong support at $150.23. If it breaks here, it may retest the bottom of the trend. Otherwise, the 200 EMA moving average should be followed.
The asset is trading below the 50 EMA and the 200 EMA, which signals that the asset is bearish. Moreover, the fact that the 50 EMA continues to remain below the 200 EMA indicates that a “death cross” continues to form from a technical perspective. This suggests continued bearish potential in the medium term. RSI (14) rose from the oversold level to the mid-level of the negative zone. In addition, it is currently testing the uptrend that started on February 26 as resistance. If it breaks here, bullish acceleration can be seen. Chaikin Money Flow (CMF-20) has moved into negative territory; the decline in money inflows has increased selling pressure by breaking the downward uptrend that started on April 3. If macroeconomic data remains positive and ecosystem developments remain positive, the first major resistance point of $185.60 could be retested. Conversely, in case of possible negative news flow or deterioration in macro data, the $ 141.80 level can be monitored as a potential buying opportunity.
Supports 150.23 – 141.80 – 127.62
Resistances 162.99 – 185.60 – 209.39
DOGE/USDT
Elon Musk warns of recession and criticizes Trump’s tariffs. Elon Musk criticized Trump’s tariffs, warning that they could trigger a recession. This conflict caused declines in DOGE coin, which Elon supports . The dispute led to a drop of about 15.75% in Dogecoin.
DOGE has declined on the daily chart since last week. Testing the 50 EMA (Blue Line) and the 200 EMA as support, the asset broke them to the downside and continued to decline. It is currently testing the $0.18224 level, which is a strong support. If it breaks this level downwards, the support level of $ 0.16131 may be triggered. On the other hand, the 50 EMA continued to remain below the 200 EMA (Black Line), suggesting that the death cross pattern remains valid. This indicates that bearish pressure may continue in the medium term. Chaikin Money Flow (CMF-20) indicator moved into negative territory. In addition, it remains below the downtrend that started on May 10. If the decline in money inflows continues, it may reach the depths of the negative zone. When we look at the Relative Strength Index (RSI-14) indicator, it continued to be in the negative zone and is currently testing the downtrend that has been continuing since May 10 as resistance. If it breaks upwards, the 50 EMA moving average may be tested. If the retracements continue, the 0.16131 dollar level should be followed. In case of macroeconomic risks or negative news from the ecosystem, the 0.16131 dollar level can be monitored as a strong support. On the other hand, if the upward movement gains strength, $0.20472 stands out as the first strong resistance level.
Supports: 0.18224 – 0.16131 – 0.15045
Resistances: 0.20472 – 0.22234 – 0.25025
TRX/USDT
Last week, AEON Pay launched a strategic alliance with TRON to integrate with the TRON network, enabling real-world payments to be processed through the blockchain infrastructure. Through this integration, payments made through AEON Pay can be processed quickly, cost-effectively and securely through the TRON network. The system is currently available at more than 20 million physical and digital points of sale across Southeast Asia.
A total of 47.8 million TRX was burned on the TRON network between June 2 – 8, 2025. This continues to create a deflationary effect by reducing the total supply of TRX. By limiting the supply of tokens, this mechanism creates a stable supply-demand balance against demand that may increase over time. This controlled reduction of circulating supply is often supported by burn mechanisms or low emission rates. This structure underpins a deflationary tokenomics model, thereby increasing the asset’s potential for appreciation over time.
During the week, the TRON network generated $67.7 million in total revenue, maintaining its position as the highest revenue-generating ecosystem among all blockchain networks. This level of revenue reflects the strong performance of key network efficiency indicators such as transaction volume, total locked assets (TVL), daily active addresses, and user interaction on DeFi protocols.
TRX, which started last week at 0.2707, rose by about 4% during the week and closed the week at 0.2816. TRX, which is currently trading at 0.2840, continues its movement within the bullish channel on the daily chart and is located in the upper band of the channel. With a Relative Strength Index (RSI) value of 61, the price has approached the overbought zone. TRX price can be expected to move towards the middle band of the channel by falling slightly from its current level. In such a case, it is expected to test the 0.2755 support. If it closes daily below the 0.2715 support, it may continue to decline and may want to test the 0.2555 support. If it cannot close daily under 0.2715 support, it may rise with possible purchases that may occur. In such a case, it may test 0.2880 and 0.2975 resistances respectively. On the daily chart, 0.2411 is an important support and as long as it stays above it, the bullish demand can be expected to continue. If this support is broken, selling pressure may increase.
Supports 0.2715 – 0.2555 – 0.2411
Resistances 0.2880 – 0.2975 – 0.3080
AVAX/USDT
In AVAX, which started last week at $ 20.86, the momentum clearly turned negative after the bullish channel broke down and fell below the Exponential Moving Average (EMA) levels. AVAX declined to the $ 18.25 support level after experiencing a daily close below the $ 20.23 support level. AVAX, which recovered again with the purchases coming at this level, increased by 0.8% on a weekly basis and the weekly closing was realized at $ 21.03. Although the purchases in the last part of the week provided a partial recovery, there has not yet been a strong sign that the momentum has changed direction. In particular, exceeding the EMA50 level can be considered as a critical threshold for a return to positive momentum.
On the daily chart, the Moving Average Convergence/Divergence (MACD) line is below the signal line and in negative territory. Momentum is negative and we see that AVAX failed to build a strong momentum in its rise last week. Selling pressure is technically stronger. AVAX needs a strong momentum for an uptrend.
The possible scenario for AVAX at the moment is that it cannot rise above the EMA50 and especially in case of a daily close below the $ 20.23 level, the decline will first fall to $ 19.31 and then to $ 18.25. AVAX, which started the new week with a decline, is testing the $ 20.23 support level. If it closes below this level, the scenario we mentioned may happen again. On the contrary, if the momentum in AVAX changes direction, that is, if it rises with strong purchases and positive news, if AVAX rebounds and breaks the EMA50 level upwards, $ 23.05 and then EMA100 levels can be targeted in the first place. If these regions are crossed, the EMA200 level will come to the agenda again. Technically, selling pressure continues for AVAX. In the current situation, negative momentum indicates that downward pressure continues in the short term. For a positive turnaround, AVAX will need to at least rise above the EMA50 level again and close above this level.
(EMA50: Blue Line , EMA100: Green Line , EMA200: Purple Line)
Supports 20.23 – 19.31 – 18.25
Resistances 21.79 – 23.05 – 25.12
SHIB/USDT
The Shiba Inu ecosystem was characterized this week by a spike in the cremation rate and sharp movements in on-chain activity. While the daily burn rate increased by an extraordinary 5.762%, 26.2 million SHIBs were permanently removed from circulation. Although this development signals a periodic tightening on the supply side, the total amount of burns, which declined by 19.5% on a weekly basis, reveals that sustainability requires a cautious assessment. During the same period, whale activity on the SHIB network reached 24.3 trillion SHIBs. This volume was the highest level in the last six months, indicating a repositioning of deep liquidity in on-chain data. Three large transfers to Coinbase Institutional, totaling 7.5 trillion SHIBs, may indicate institutional restructuring or potential selling pressure. On the other hand, the long-term stance of the community in terms of investor behavior is maintained. The number of wallets holding SHIBs reached an all-time high, exceeding 1.51 million. This increase shows that despite market uncertainties, confidence in the ecosystem remains and SHIB continues to expand its user base.
The weakening technical outlook that started last week continues in the new week. SHIB is moving around the $0.00001230 level, while a significant decrease in trading volume is observed. This suggests that market participants are in the decision phase and waiting for liquidity support to set a strong direction. Momentum indicators point to continued downward pressure, while the narrowing in volatility suggests that the price is consolidating in a narrow band, setting the stage for a potential breakout. Chainkin Money Flow (CMF) is in negative territory, confirming that capital inflows are decreasing and the sell side is still dominating. Under this outlook, if the 0.00001230 dollar level breaks down, the 0.00001190 dollar level can be followed as the first support. On the other hand, the positive mismatch (Black Line) on the Commodity Channel Index (CCI) oscillator is an important leading signal that buyers may gain momentum despite falling prices. While this technical mismatch indicates that the potential for a short-term recovery may strengthen, it also raises the possibility of a technical reaction to the $0.00001380 level, which stands out as the first resistance. In this environment where market psychology is still cautious and looking for direction, volume and momentum changes at support and resistance levels should be carefully monitored. In particular, contrarian signals in indicators such as Chainkin Money Flow (CMF) and Commodity Channel Index (CCI) may provide critical preliminary signals for the upcoming volatility increase and direction determination. Before a clear break in the technical outlook, the increase in trading volume and the directional change in momentum should be considered as important confirmation factors.
Supports 0.00001230 – 0.00001190 – 0.00001020
Resistances 0.00001380 – 0.00001480 – 0.00001745
LTC/USDT
Litecoin (LTC) closed the last week with a 1.37% decline and started the new week at $87.18. LTC, which also lost 1.44% against Bitcoin in the same period, has a market capitalization of approximately $6.64 billion and continues to maintain its 21st place in the crypto market rankings. This table shows that Litecoin does not exhibit a movement contrary to the general market movements. On the futures side, open positions decreased by 1 million dollars compared to last week, the total amount of open positions decreased to 262 million dollars and funding rates remain positive.
As of this week, Litecoin is trading below its 50-period moving average (purple), 100-period moving average (orange) and 200-period moving average (blue). This technical structure indicates that the price continues to remain under pressure, while upside attacks may remain limited. Currently, the first horizontal resistance level of $89.51 is an important barrier for the price. The $ 98.74 level, just above this level, stands out as a critical region where intense selling pressure has been seen in the past, profit realizations have increased and the price has often been rejected. The fact that there are also 100 and 200 period moving averages between the two resistances reveals that exceeding this area is very important for positive acceleration. Exceeding this area could enable Litecoin to accelerate towards the intermediate resistance zone at $110.00.
In the bearish scenario, the first important support level for Litecoin stands out as $ 81.00. If it sags below this level, the price is likely to retreat to the $ 75.00 level. If this level cannot be maintained, the main trend support of $ 56.33 may come into play. This support may be an important opportunity point for traders in possible sharp declines, as it is an area where the price has reacted strongly in the past and bottoms have formed.
Resistances 89.51- 98.74 – 110.00
Supports 81.00 – 75.00 – 56.33
LINK/USDT
LINK made a significant recovery from its low on April 7, exhibiting a strong uptrend until May 12. However, after this date, it lost about 30% of its value and fell to $ 12.00 last week. The price, which recorded a reaction rise of about 10% with the purchases from this region, encountered resistance at $ 14.11.
In the current technical outlook, the first support zone where the price can be met in possible pullbacks is the $ 12.86 level. We can say that this level also overlaps with the rising trend support, creating a technical intersection that may increase buying interest. Therefore, the $ 12.86 level can be monitored as an important demand zone in the short term. If the upward movements continue, the $ 14.11 level stands out as the first resistance point. If this level is exceeded, the price can be expected to head towards the main resistance zone at $ 15.02-15.37. This level is a critical threshold for the price to determine its medium-term direction. The Relative Strength Index (RSI) continues to hover in negative territory and is currently at 41. This weakness in the RSI suggests that the price is pressured below the $14.11 resistance and downside risks are still on the table. Finally, the $12.08-11.50 range remains important as a strong support zone. Maintaining this zone is critical for medium-term bullish expectations to remain valid.
Supports 12.86 – 12.08 – 11.50
Resistances 14.11 – 15.02 – 15.37
BNB/USDT
From a technical perspective, the BNB/USDT pair made a positive start to the week on Monday, June 2. Although it moved towards the 670 level with this momentum, it saw resistance from this level and entered the suppression process. On June 5, the asset, which experienced a sharp retreat with the pressure in the markets, retreated to the 630 level. Finding support from these levels and gaining an upward momentum again, BNB rose towards the $ 655 level. However, at this level, it made a negative start to the new week with selling pressure from the EMA 20 (red line) level.
When the BNB/USDT pair, which is currently trading in the range of 640-655 dollars, is analyzed in the light of technical indicators, a weak course in trading volume is observed in the last one-week period. This situation indicates that the buying appetite has decreased. On the other hand, the Relative Strength Index (RSI) has turned down and moved below the average with the recent pullback. This outlook reveals that the short-term negative movement is effective.
Within the framework of the current technical structure, if the negative momentum continues, the BNB price is expected to test the $ 640 level in the first place. If this support is broken, the $ 620 and $ 600 levels should be followed as the next strong support zones. On the other hand, if the $ 640 level is maintained and the buying appetite increases, the price is likely to rise towards $ 655 again. If this level is broken upwards, 675 and 700 dollar levels stand out as important resistance zones, respectively.
Supports 640 – 620 – 600
Resistances 655 – 675 – 700
SUI/USDT
Sui started the week with network updates after the hack. Cetus Protocol, one of the largest decentralized exchanges (DEX) on the Sui blockchain, has been back up and running as of June 8th and announced a recovery plan. This plan includes restoring 90% liquidity, providing a $30 million Sui loan, and launching CETUS token compensation. Further optimizing network performance after the hack, expanding cross-chain capabilities and developing enterprise-focused solutions were updated and completed on June 9. They also shared with investors that they will provide support to developers to encourage the development of decentralized applications (dApps) in areas such as DeFi, NFTs and blockchain games.
When technical indicators are analyzed, it can be said that the weekly fund is 8.3 million dollars. Sui is priced at $3.26 on a weekly basis, while the Relative Strenght Index (RSI) is in the value range of 45.86 – 43.07. At the RSI point, the value range of 50 – 65 may be suitable for purchase. Movement towards Sui 3.35 – 4.22 – 5.36 dollar resistances can be expected respectively. If the price makes new lows, while the 20 – 30 RSI value range expresses the selling pressure to us, the support of 2.89 – 2.44 dollars can work. A retreat to the support of $ 2.89, which we observe as a trend line, may occur. Strengthening purchases at the RSI point can carry us to the price of $ 3.35. When we examine the Simple Moving Averages (SMA) indicator on the Sui chart, we observe that the simple moving average is trading at $ 3.21. Generally speaking, Sui will continue to remain positive above $ 2.89, despite the hacking events.
Supports 1.75 – 2.44 – 2.89
Resistances 3.35 – 4.22 – 5.36
LEGAL NOTICE
The investment information, comments and recommendations contained in this document do not constitute investment advisory services. Investment advisory services are provided by authorized institutions on a personal basis, taking into account the risk and return preferences of individuals. The comments and recommendations contained in this document are of a general type. These recommendations may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained in this document may not result in results that are in line with your expectations.
