Crypto Market Technical Analysis – Sept 12 Evening Update

BTC consolidates at $115K, ETH climbs $4.5K, SOL breaks trend, XRP tests $3.03. Evening market outlook with key levels.
Crypto Evening Analysis
BTC, ETH, SOL, XRP Daily Chart Review - Sept 12 Evening

Technical Analysis

BTC/USDT

Fidelity Digital Assets announced that BTC’s correlation with US 10-year bond yields has changed and the asset has entered a maturation phase. CryptoQuant data showed that wallets holding 100-1,000 BTC bought another 65,000 BTC in the last week, bringing their total holdings to a record high of 3.65 million BTC. On the other hand, with the recent rise, Bitcoin is said to have completed the cyclical September decline, bottoming out at around $107,000 on September 1, 2025.

When we look at the technical outlook, BTC, which has been moving within the horizontal band range for a long time, expanded its bullish channel by testing the 116,300 level. BTC, which experienced a slight pullback after testing this region, continues to trade at 115,000.

Technical indicators point to a trend reversal with the Wave Trend oscillator (WT) giving a sell signal in the overbought zone, while the  histogram in the Squeeze Momentum (SM) indicator supports the rise by regaining momentum in the positive area. Kaufman moving average is currently moving below the price at 114.245.

Looking at the liquidity data, short-term accumulating sell trades were liquidated at 113.200, while broader timeframe sell accumulation was liquidated above 114.000. With the recent rally, sell trades were liquidated once again around 115,000. On the other hand, while the buying tier provides an intense accumulation at 113,000 in the short term, the 108,000 – 109,000 band continues to be the accumulation zone in the long term.

To summarize, the optimistic sentiment, which had been lost recently due to fundamental developments, regained strength ahead of the upcoming meeting as US macro data and interest rate cut expectations became almost certain. Following the favorable backdrop provided by the technical outlook, the price completed the consolidation in the horizontal band it has been in for a long time and tested the 116,300 level with the minor bullish channel. When the liquidity data is analyzed, it is seen that the selling positions are liquidated and the buying transactions are gaining weight, which confirms the rise. In the next period, it will be critical for the price to maintain the bullish channel in terms of the sustainability of the rise. In particular, closures above the 115,000 level will be monitored as an important reference point for the continuation of the rise. In a possible selling pressure, the 113.500 – 113.000 band will be followed as the first support and liquidity zone.

Supports 115,000 – 114,000 – 113,500

Resistances 116,100 – 117,400 – 119,000

BTCUSDT

ETH/USDT

According to On-chain data, the ETH address deposited 25,754 ETH to a centralized exchange after nine months. Similarly, another staking whale transferred 25,755 ETH to the exchange. This whale had previously moved $173M USDT to a centralized exchange and staked 32,164 ETH at $2,649; it was stated that it made a profit of approximately $60.5M from the last sale.

Looking at the technical outlook, ETH exceeded the falling trend structure in the previous analysis and settled above the 4,400 level. ETH, which experienced a retreat after the macro data released, fell to 4,350 levels. Then the price, which recovered again, passed the 4,490 level and tested the 4,560 level. At the time of writing, it continues to trade at 4,515.

Technical indicators are pointing to a trend reversal with the Wave Trend oscillator (WT) giving a sell signal in the overbought area, while the histogram of the Squeeze Momentum (SM) indicator continues its momentum in the positive area. The Kaufman moving average is currently moving below the price at 4.456.

Looking at the liquidity data, short and long term sell trades continue to be sparse, while buy trades have accumulated heavily at the 4,260 level with the recent rise.

In summary, ETH continues to move in line with the general trends in the market. Looking at the fundamental dynamics specific to ETH, the return to positive ETF inflows keeps institutional interest alive. On the technical side, the price’s recovery effort is noteworthy, while the limited sell-side transactions in liquidity data and the increase in buy-side transactions support the rise. For the sustainability of the rise in the coming period, it is important for the price to hold above critical support levels. In this context, while the 4,490 level stands out as the main support point, we will follow the 4,385 level in case of a breakout. In the continuation of the upward movement, the 4,650 level will be followed as a target point.

Supports 4,490 – 4,385 – 4,330

Resistances 4,560 – 4,650 – 4,735

ETHUSDT

XRP/USDT

From a technical perspective, XRP/USDT has managed to break the downtrend by strengthening its uptrend, which is currently above the Ichimoku indicators, with the support it received from the $ 2.9383 level. Maintaining this momentum and persistence above the downtrend indicates that the price may accelerate and continue its upward trend.

Yesterday, in line with our expectations, the positive momentum in the XRP price continued and rose above our first target level of $3.0300. During the day, $3.0700 levels were tested, but the price retreated slightly with the reaction sales. Nevertheless, XRP continues to maintain its overall positive outlook.

In this context, when technical indicators are analyzed for XRP, which is currently trading in the upper band of the downtrend, the Relative Strength Index (RSI) has risen above the 60 level with the recent rise and turned its direction upwards.

Within the framework of the current outlook, if the selling pressure strengthens, the price is likely to fall back to the $3.0300 support level. In case this level is broken down, the price is likely to head towards $2.9383 and $2.8800 levels, respectively. On the other hand, if the purchases strengthen, is expected to test the $3.1050 resistance level in the first place. If this level is exceeded, it is possible that the price may head towards the $3.1750 and $3.2250 levels, respectively.

Supports: 3,0300 – 2,9383 – 2,8800

Resistances: 3,1050 – 3,1750 – 3,2250

BNBUSDT

SOL/USDT

SOL price continued its uptrend during the day. The asset broke the uptrend that started on August 14 to the upside and continues to rise. As of now, the price, which broke the $ 237.53 level upwards, is preparing to test the $ 247.53 level. In retracements, the ceiling level of the rising trend can be followed.

On the 4-hour chart, it continued to be above the 50 EMA (Exponential Moving Average – Blue Line) and the 200 EMA (Black Line). This suggests that the uptrend may continue in the medium term. At the same time, the fact that the price is above both moving averages suggests that the market is bullish in the short term. Chaikin Money Flow (CMF-20) continued to be in positive territory. However, an increase in inflows may keep CMF above the positive zone. Relative Strength Index (RSI-14) continued to be in positive territory. However, the indicator is in overbought territory, which could lead to profit selling and a pullback. The $247.53 level stands out as a strong resistance point in the event of a rally on the back of macroeconomic data or positive news on 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 $ 222.61 level can be tested. In case of a decline to these support levels, the increase in buying momentum may offer a potential bullish opportunity.

Supports 237.53 – 222.61 – 209.93

Resistances 247.53 – 259.13 – 275.00

SOLUSDT

DOGE/USDT

The DOGE price was flat during the day. The asset is testing the ascending line that started on August 3 as resistance. Above the 50 EMA (Exponential Moving Average – Blue Line) and 200 EMA (Black Line) moving averages, the price has maintained its momentum and continues to appreciate above the moving averages. The price, which currently breaks the $0.25025 level, may continue its uptrend if it breaks the rising line upwards. In case of a possible pullback, the $0.25025 level may be triggered.

On the 4-hour chart, the 50 EMA (Blue Line) remained above the 200 EMA (Black Line). This indicates that the uptrend continues in the medium term. The fact that the price is above both moving averages suggests a strong bullish bias in the short term. Chaikin Money Flow (CMF-20), on the other hand, remained neutral. In addition; an increase in money inflows may move CMF into positive territory. Relative Strength Index (RSI-14) continues to be in overbought territory. At the same time, it remains in the upper zone of the uptrend that started on August 26. This signaled that momentum may continue. However, the negative divergence may cause pullbacks. The $0.28164 level stands out as a strong resistance zone in the uptrend in line with political developments, macroeconomic data or positive news flow in the DOGE ecosystem. In the opposite case or possible negative news flow, the $0.22632 level may be triggered. In case of a decline to these levels, the momentum may increase and a new bullish wave may start.

Supports 0.25025 – 0.22632 – 0.21154

Resistances 0.28164 – 0.30545 – 0.33668

DOGEUSDT

BNB/USDT

From a technical perspective, BNB/USDT, which is currently moving within the ascending channel, faced some selling pressure in the markets yesterday as the annual inflation data released from the US came in line with expectations. With this selling wave, BNB fell to the middle band of the ascending channel; however, it recovered from this level and maintained its positive momentum and managed to rise to the upper band of the ascending channel as well as our first target price level of $ 910.

Technical indicators for BNB/USDT, which is currently trading in the $900-910 range, reveal that the recent increase in trading volume has strengthened the buying appetite. This picture indicates that the positive outlook stands out in the market.

In addition, the Relative Strength Index (RSI) has risen above the 70 level with the recent rises; although short-term correction movements are observed, it is still holding at these levels. This technical structure indicates that the positive momentum in BNB is strengthening.

Within the framework of the current outlook, if the buying appetite is maintained, BNB is expected to test the $ 910 resistance level in the first place. If this level is exceeded, the price is likely to head towards $ 920 and $ 930 levels, respectively. On the other hand, if selling pressure increases, the price is likely to retreat back to $ 900 support. If this level is broken downwards, the $ 885 and $ 870 levels stand out as critical follow-up zones.

Supports 900 – 885 – 870

Resistances 910 – 920 – 930

BNBUSDT

ADA/USDT

Cardano price made its first liquidations at the short liquidation level of 0.8872 dollars, falling with the speeches made by US President Trump during the day. Starting its horizontal movement on the 4-hour chart, it continues its course at 0.8892 levels.

In the major range, ADA is still moving within the ascending channel band. In this context, it is expected that leveraged long leveraged positions of about 808 thousand dollars at the level of $ 0.9176 will be liquidated. This movement may cause the price to head towards the first resistance level of 0.9176 dollars with reaction purchases during the day. If this level is exceeded, it is likely to reach $0.9280, the peak of the ascending channel within the major trend. The fact that the price is currently above all moving averages indicates that the uptrend is strengthening. In particular, staying above the 20-day exponential moving average (EMA-20, Red Line) and 50-day exponential moving average (EMA-50, Blue Line) levels is critical for the sustainability of the uptrend. Relative Strength Index (RSI) fell to 56 and approached the negative territory. On the other hand, the Chaikin Money Flow (CMF-20) indicator fell to -0.12, indicating that the sell-side potential in the market remains strong. The decline in money inflows supports CMF to remain in negative territory and creates a bearish correlation with the RSI. Momentum indicators are also generating negative signals. This alignment increases the likelihood of a sustained sell-side bias.

In terms of fundamental factors, possible statements by US President Donald Trump or institutional/strategic purchases that may take place in the Cardano ecosystem are among the factors that may support the price to head towards the strong resistance point at $ 0.9280. However, in case of a possible selling pressure in the markets, the 0.7851 dollar level should be followed as a critical support point.

Supports 0.7851 – 0.7566 – 0.7170

Resistances 0.9982 – 0.9636 – 0.9280

ADAUSDT

Legal Notice

The investment information, comments, and recommendations contained herein do not constitute investment advice. Investment advisory services are provided individually by 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 on the information contained herein may not produce results in line with your expectations.

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