BTC/USDT
April witnessed developments that could cause major shocks in global markets. US President Donald Trump announced additional tariffs on China (34%), the European Union (20%), Japan (24%), India (26%), South Korea (25%) and the United Kingdom (10%), while announcing a general 10% tariff decision that could affect the global economy. Citing tariffs as the only way to close the trade deficit, Trump argued that they were “a very good thing” for the US. While it was officially confirmed that the tariffs will take effect on April 9, tension in the markets continues. In this period, ADP Non-Farm Payrolls and NFP data exceeded expectations with 155K and 228K, respectively, indicating that the US labor market remains strong. However, the unemployment rate was above expectations at 4.2%, drawing attention. Treasury Secretary Bessant dismissed concerns of an economic slowdown, calling the fall in the stock market a “short-term reaction”.
Looking at the technical outlook, we left behind a week of high volatility and sharp price movements. While BTC started the week at 82,650, it tested 88,000 levels during the week but failed to persist in this region and faced sharp sales and is preparing to close the week with a decline of about 8.87%. According to the Elliott Wave theory, which we mentioned in previous analyses, BTC, which tested point B, turned its direction down and started moving towards point C, the target level of the pattern. Point C in this theory corresponds to the 72,700 level, the beginning of the pattern, and this level stands out as a critical technical threshold. The technical oscillators analyzed on the daily chart show that the Wave Trend Oscillator maintains its sell signal, while momentum indicators tend to weaken again. This technical outlook suggests that selling pressure is still strong and upside recovery may remain limited in the short term. On the liquidation side, according to monthly data, it is seen that the buying positions accumulated especially in the process that started with Trump have been liquidated to a large extent. The fact that the market has not entered a new accumulation process indicates that the environment of uncertainty and fear continues in general. This week, tariffs are expected to come into force on April 9, and it seems likely that the selling pressure will continue for some more time if compromise policies have not yet taken shape. In this process, the 72,700 level stands out as a critical support point. If this level is tested and the price fails to hold here, the scenario that the bear market will dominate in the medium term will be confirmed and the price may retreat towards pre-Trump levels. On the other hand, if there is a strong reaction from 72,700, this level could act as a new bottom and the start of a new upward trend. In this scenario, the market can be expected to show a rebound trend.
Supports 72,600 – 70,000 – 66,700
Resistances 78,000 – 80,000 – 83,500
ETH/USDT
Last week, global developments caused high volatility in cryptocurrency markets. In particular, trade tensions between the US and China escalated again. With China’s decision to retaliate against the US tariffs, the risk aversion trend in global markets became evident. This process was compounded by the hawkish statements of US Federal Reserve Chairman Jerome Powell, which suppressed expectations of an interest rate cut, and US President Donald Trump’s decisive statements that “I will not back down”. While all these developments further deepened the growing uncertainty in the global economy, they also caused intense sales in cryptocurrency markets, especially in technology stocks and risky assets. Within the framework of this macroeconomic picture, Bank of America’s recession expectation further reduced the risk perception in the market. These global developments created a significant downward momentum, especially in cryptocurrencies, one of the asset classes that price liquidity the fastest. ETH was one of the most affected assets in this process. With the loss of a critical technical support zone at $1,755, the sell-off accelerated and the price retreated sharply below the $1,500 level. This decline is not just a technical breakout; it also shows that investor behavior on the network is starting to change. Looking specifically at on-chain data, the “ETH Total Value Staked” ratio, which has been steadily increasing since February, has paused in recent weeks, and with the recent price movement, it has started a significant downward trend. This also indicates that users on the Ethereum network are losing confidence in staking ETH, and demand has significantly retreated. This decline in staking rates also implies that investors are no longer confident in the stability of prices in the medium to long term.
On the technical analysis side, the weakness in Ethereum is also supported by various indicators. The Chaikin Money Flow (CMF) indicator, which managed to stay strong for a long time, quickly moved into negative territory after breaking the $1,755 support, indicating a significant outflow of liquidity from the market and a tendency for large investors to close positions or avoid risk. Particularly for institutional investors, the CMF turning negative so quickly could be an indication that the downtrend is more widely accepted. Likewise, the Relative Strength Index (RSI) indicator has also entered oversold territory, indicating that the market has lost momentum and the bearish momentum is quite strong in technical terms. Although this decline in the RSI is perceived by some investors as a potential bottom signal, it seems difficult to get a clear turn signal from these levels given the current technical and fundamental conditions. When the Ichimoku cloud is analyzed, the negative technical outlook is much more pronounced. The fact that the price has sagged below both tenkan and kijun levels and the downward movement of these levels clearly reveals that the trend has turned negative in the short and medium term. In addition, the continued downward expansion of the kumo cloud indicates that the market is showing serious resistance to upward movements and possible recoveries may be limited. This technical structure suggests that ETH is not facing strong buyers at current levels and upside price action may remain weak.
As a result, both macroeconomic developments and weakness in technical indicators suggest that the pressure on ETH may continue for some time. Although the levels of the RSI suggest that the $1,400 band could be a potential technical bottom, the ability to build lasting support from this area is largely dependent on macroeconomic factors. In particular, developments such as a de-escalation in the US-China trade war, a change in the direction of interest rate policies or weakening recession expectations could create a recovery trend in the markets and support ETH. However, unless such an improvement occurs, there is a high risk that the decline will deepen to $1,200 with a breach of the $1,400 level. While these are important thresholds, both technically and psychologically, it would not be surprising to see a wider sell-off if they are broken. On the other hand, the ETH price’s persistence above the $1,527 level could set the stage for a recovery in the short term. Daily closes above this level can be considered as the first signals that the selling pressure is weakening, and buyers are re-entering the market. However, for the recovery to be sustainable, both technical indicators should show signs of recovery and macroeconomic uncertainties should ease.
Supports 1,401 – 1,202 – 1,075
Resistances 1,527 – 1,755 – 2,001
XRP/USDT
A remarkable decline was observed in the XRP price due to the developments in global markets over the weekend. In particular, China’s retaliatory statements against the US tariffs and the re-ignition of global trade tensions led to a serious decrease in investors’ risk appetite. Following these developments, XRP broke the $1.98 and $1.78 zones, two extremely important support levels in technical terms, and these breaks triggered a rapid retreat to the $1.62 levels. XRP has been showing a resilient outlook for some time, thanks to the positive divergence that has recently become evident in the attitudes of US-based regulators towards cryptocurrencies. In the US, relatively more support for US-based projects has created a backdrop where XRP has priced more favourably compared to other altcoins despite the pressure. However, the current decline shows that XRP is pricing macroeconomic developments quite closely and is under the direct influence of global risks, regardless of this positive divergence. On the other hand, if these macro risks prove to be temporary and uncertainties diminish, XRP could be at the forefront of coins with the potential to recover.
When technical indicators are analyzed, the picture can be understood more clearly. Although the price has experienced a deep pullback, it is noteworthy that the Chaikin Money Flow (CMF) indicator has not moved into negative territory. This technical detail reveals that the main selling pressure in the XRP market is concentrated in the futures markets rather than the spot markets and that investors have not yet abandoned their general expectations for the coin. In other words, it seems that the long-term players in the market are still not ruling out the potential for XRP’s recovery. The fact that CMF remains positive means that large investors in particular have yet to make a serious exit, suggesting that the current decline may not be structural, but rather speculative or short-term position driven. However, the RSI (Relative Strength Index) indicator has fallen to the edge of the oversold zone with the recent decline. This suggests that market momentum has severely weakened, and investor interest has declined markedly. The RSI’s decline to these levels may signal a potential bottom for some investors. However, the lack of confirmation from other technical indicators suggests that the decline is far from over and the recovery may take some time. A more pessimistic picture emerges when looking at the Ichimoku indicator. Both Tenkan-sen and Kijun-sen levels continue their downward movement. This technical structure suggests that the negative trend in the short and medium-term outlook of the market remains intact and any rebound will be met with strong resistance levels. Moreover, there is no sign of an upward reversal in the Kumo cloud structure yet, indicating that the market will remain under pressure at this stage.
When an overall assessment is made, the current levels in the XRP price point to a very critical threshold. The $1.62 level stands out as a strong support zone both technically and psychologically. Although the strong stance of the CMF indicator suggests that this level could be a potential bottom, the continued pressure from other technical indicators such as RSI and Ichimoku suggests the risk that much steeper declines could be triggered if this level is lost. Especially if this support is broken, retracements to $1.42 and below may be possible. On the other hand, a possible recovery in macroeconomic data or a reduction in global risks could trigger a rapid turnaround in XRP. Since XRP is an asset that has historically reacted quickly to strong news flows, it also has the potential to accelerate towards the $1.78 and $1.98 levels with positive developments. For this reason, it is of great importance for investors to closely monitor both technical levels and macro developments in the short term.
Supports 1.6294 – 1.5358 – 1.3991
Resistances 1.7826 – 1.9867 – 2.2436
SOL/USDT
Last week in the Solana ecosystem.
- The SEC accepted Fidelity’s application for a spot Solana ETF to trade on the Cboe BZX Exchange.
- Miller Whitehouse-Levine, who previously ran the DeFi Education Fund, is launching a new nonprofit focused on advocating for Solana in the national capital.
- Kristin Smith, a leading figure in the blockchain community, will leave her position at the Blockchain Association to lead the newly established Solana Policy Institute.
- North Korean cyber operators’ threats against Solana-based crypto projects are increasing
- Pump Fun launched PumpFi to fund memecoin and NFTs.
- Grayscale has applied to convert its Digital Large Cap Fund into an ETF that will include SOL. At the same time, Solana applied for an ETF.
On the onchain side,
- According to Block Beats, Circle has increased its USDC supply on the Solana network by 250 million tokens.
- Pump Swap DEX reached $10 billion in volume in 10 days and captured 67.4% of the Solana market with a trading volume of $2.43 billion.
- 4 wallets removed a total of 395,000 SOL from their staking pool.
- Meme tokens accounted for more than 92% of Solana DEX volumes.
- Solana experienced its largest single-day token lock as more than $200 million worth of SOL entered circulation.
With these developments, when we look technically at SOL, the local token of the network, it has declined by about 21% since last week. The downtrend, which started on March 3, continues, but despite testing the resistance level for the 3rd time, it failed to break the resistance places and is currently priced at the mid-level of the trend . The asset is below the 50 EMA (Blue Line) and the 200 EMA, while the 50 EMA (Blue Line) continues to be below the 200 EMA (Black Line). With the death cross, the downward momentum may continue and cause the asset to fall further in the medium term. Relative Strength Index (RSI)14 is at the oversold level. This may signal that the asset may recover by increasing profit-taking. At the same time, it continues to be below its uptrend since February 26. The Chaikin Money Flow (CMF)20 indicator is in negative territory, but an increase in volume could strongly increase inflows. If the positive results in macroeconomic data and positive developments in the ecosystem continue, it may test the first major resistance level of $ 127.62. In case of negative news from macroeconomic data or the Solana ecosystem, the $ 67.46 level can be followed and a buying point can be determined.
Supports 99.95 – 89.78 – 79.63
Resistances: 116.81 – 127.62 – 141.80
DOGE/USDT
Elon Musk said the Department of Government Efficiency has nothing to do with Dogecoin. On the other hand, Mark Uyeda is examining the SEC’s digital asset frameworks affecting DOGE. On-chain data revealed that more than 220 million DOGE tokens were accumulated by whale addresses.
If we examine DOGE technically in the focus of all these developments, when we look at the daily chart, the asset, which has been in a downtrend since January 17, has experienced a retracement of about 18% since last week. The wedge pattern formed remains valid. The asset, which made an upward rise last week, is again at the base level of the rising wedge. This could move the asset up. As of now, it has tested the strong support level of 0.13107 dollars and has risen slightly. On the other hand, the 50 EMA (Blue Line) is pricing below the 200 EMA (Black Line) and the death cross pattern shows us that the downtrend continues. When we look at the Chaikin Money Flow (CMF)20 indicator, it is at a negative level. Positive money inflows indicate that price increases may start and CMF may move into positive territory. Relative Strength Index (RSI)14 is in the negative zone near the oversold level. At the same time, there is a positive divergence. This could be a bullish start. In case of possible macroeconomic conditions and negative developments in the ecosystem, the $0.10495 level can be followed as a strong support. In case the retracement ends and the rises begin, the 0.18224 dollar level should be followed as a strong resistance.
Supports: 0.13107 – 0.10495 – 0.09334
Resistances: 0.15045 – 0.16131 – 0.18224
TRX/USDT
With another 1 billion USDT minted on the Tron network last week, the amount of USDT in circulation on the network reached an all-time high of $66.7 billion. Tron founder Justin Sun was featured on the cover of the English edition of Forbes, emphasizing his importance in the crypto market. In addition, the Tron network’s 7-day total revenue last week was $11.93 million, continuing to rank first among all networks. Despite these positive developments in the Tron network, selling pressure continues in the markets with the fear of possible recession and tariffs in the US.
TRX, which started last week at 0.2318, fell about 1% during the week and closed the week at 0.2300. TRX, currently trading at 0.2242, is in the upper band of the bearish channel on the daily chart. With a Relative Strength Index value of 41, it can be expected to move towards the middle and lower band of the bearish channel by falling a little more from its current level. In such a case, it may test 0.2020 support. If it closes daily below 0.2020 support, it may continue its decline and may want to test 0.1860 support. If it cannot close daily under 0.2020 support, it may rise with the buying reaction that may occur and may try to break the channel upwards. In such a case, it may test the 0.2411 resistance. As long as it stays above 0.2020 support on the daily chart, the bullish demand may continue. If this support is broken, selling pressure is expected to increase.
Supports 0.2243 – 0.2020 – 0.1860
Resistances: 0.2411- 0.2555 – 0.2715
AVAX/USDT
After starting last week at $ 18.85, AVAX fell sharply due to the new tariffs imposed by the US on April 2, 2025. Following these developments, AVAX closed the week at $ 16.03. AVAX, which started the new week with similar selling pressure, continues to trade close to the support level of $ 15.97.
On the daily chart, the MACD (Moving Average Convergence/Divergence) indicator remains in negative territory. Especially with the sharp decline on April 2, the MACD line has crossed the signal line to the downside. Technically, this intersection signals a confirmation of the downtrend. Moreover, AVAX is still pricing below the critical Exponential Moving Average (EMA) levels, especially the EMA50. This indicates that the short-term selling pressure is technically sustained.
AVAX has started the new week with a decline and is testing the $15.97 support level. If a candle closure occurs below this level and selling pressure increases, the downward movement can be expected to deepen. If global risks persist, a decline to the main support level of $ 12.52 may be seen. On the other hand, if there is a recovery in risk appetite in global markets and an upward crossover of the MACD occurs, a technical upward recovery in AVAX may be possible. In this case, the resistance level of 16.65 dollars can be tested first. If this level is broken, the rise may continue up to $ 17.89, $ 19.48 and potentially $ 21.79, respectively.
AVAX remains under selling pressure in terms of both fundamental developments and technical indicators. The fact that the price is hovering below the EMA levels and the MACD is in negative territory indicates that upside movements may remain limited in the short term.
(EMA50: Blue Line, EMA100: Green Line, EMA200: Purple Line)
Supports 15.97 – 15.06 – 14.19
Resistances 16.65 – 17.89 – 19.48
SHIB/USDT
Shiba Inu (SHIB) has suffered from selling pressure in recent days, while the community has been warned against phishing scams. Last week, the number of active wallets and transfers dropped significantly, while the increase in exchange reserves supported the selling pressure. On-chain data shows that the number of long-term investors and the amount of SHIB they hold broke records this week. Spot NetFlow turned negative and buy orders increased, indicating renewed buyer interest. While SHIB burn has fallen, the Shibarium network surpassed 10 million block production, reflecting the stability and growth in the network’s transaction capacity.
From a technical perspective, Shiba Inu (SHIB) price continued to increase in volume this week, while momentum and volatility weakened. The $0.00001240 level, which stood out in last week’s analysis, could not be sustained and the price broke the $0.00001160 level downwards. This shows that the selling pressure continues, and the market remains weak. When the CMF (Chaikin Money Flow) oscillator is analyzed, it is clearly observed that the pressure on the sell side continues. This indicates that the money entering the market is limited and investor confidence remains weak. If the downward movement continues in the short term, the 0.00001085-dollar level can be followed as the next support. For the possibility of an upward recovery, closures above the 0.00001160 level should be seen first. If this is achieved, the first resistance level of 0.00001390 can be targeted again.
Supports 0.00001085 – 0.00001000 – 0.00000970
Resistances 0.00001390 – 0.00001530 – 0.00001745
LTC/USDT
Litecoin started this week at 70.63, down 17.98% over the past week. In this process, LTC lost 13.66% compared to Bitcoin. With a market capitalization of $4.88 billion, Litecoin fell 5 places to 24th place in the market rankings. Futures open interest decreased by $45 million to $196 million earlier this week, while funding rates remain positive for now.
On Litecoin’s daily chart, the price continues to remain below the 50-period moving average (purple line / MA50), 100-period moving average (orange line / MA100) and 200-period moving average (yellow line / MA200), while closing below the 50-period moving average on the weekly chart indicates a strengthening downtrend. Moreover, the weekly trading volume and open positions decreased, while the RSI (relative strength index) fell below 25, indicating that the market is in a weak position. With this decline, along with the moving averages and critical breakout levels that were previously above, there has been a transition to a market environment where intermediate supports are more easily broken and price movements have hardened.
With the negative pressure failing to be overcome and Bitcoin’s pullbacks continuing, one of the key support levels for Litecoin lies at 60.07. It then crosses its recent uptrend at 54.82, which is an important support to consider. Should this level be broken, a quick pullback towards 49.53 can be expected.
In the event of a rebound in Bitcoin, Litecoin is likely to follow suit. In this scenario, the support broken at 76.34 can be expected to work as resistance. Subsequently, the resistance at 86.86 is expected to be a level where selling pressure will increase in upward movements. In the continuation of the uptrend, very high selling pressure can be expected to be encountered in the red zone at 98.74 as the main resistance.
Resistances 76.34 – 86.86 – 98.74
Supports 60.07 – 54.82 – 49.53
LINK/USDT
LINK is trying to hold just above the 10.72 level. If the 10.72 support is also broken, we can expect the sell-off to deepen and the price to retreat towards the 10.04 and 9.42 support zones respectively. These areas will be especially critical for short-term buyers. On the other hand, in case of a reaction buying from the current levels, the price is likely to test the 11.30 resistance first. If LINK manages to hold above this level, it is possible that the upward movement will gain strength and the price will accelerate towards the 11.86 and 12.62 resistance levels.
The RSI (Relative Strength Index) indicator is at 29.46, indicating that the market is in oversold territory. Being in oversold territory signals that a reaction rally may be possible, especially at these levels. However, it is important to keep in mind that the overall trend is still downwards and the uptrend could potentially remain corrective for now.
Supports 10.72 – 10.04 – 9.42
Resistances 11.30 – 11.86 – 12.62
BNB/USDT
BNB/USDT, which rose to $615 at the beginning of last week (Monday, March 31) with the support it received from the $595 level, came under pressure in parallel with the general market after President Trump announced tariffs on approximately 90 countries on April 2. In the last two days, it started to retreat with increasing selling pressure at the $595 level and continued to be priced in the negative zone.
BNB/USDT, which continued its downward trend with the start of the new week, is currently trading in the $525-$565 band. In terms of technical indicators, a break below the EMA 20 (red line), EMA 50 (orange line) and EMA 100 (blue line) levels indicates that the current negative outlook continues.
Volume indicators, on the other hand, displayed a generally weak and negative outlook, especially in the last three days. This indicates that the selling pressure on the asset has increased, and price movements have been supported downwards. On the other hand, the RSI indicator has also fallen below the 50 level in line with the price movements and continues to remain below this level. The inability of the RSI to hold this level indicates that downward pressure may continue.
Within the framework of the current technical outlook, if the negative momentum continues, the price is expected to fall to the $525 level first. If this level is broken down, the $510 and $490 levels stand out as the next support zones. On the other hand, if strong support is encountered at the $525 level, it is possible for the price to rebound to $565. If the $565 resistance breaks upwards, the $580 and $595 levels will be followed as the next resistance areas.
Supports 525- 510- 490
Resistances 565- 580- 595
ADA/USDT
Since the beginning of the week, Powell’s hawkish statements and Trump’s tariffs decision led to a decline in cryptocurrencies. Cardano lost 18% in a week, testing the 0.5140 level. With the increase in selling positions it encountered at this level; it retreated to 0.6424 and completed the week with a decline of 18.84%.
Looking at the technical chart, ADA tested the sideways trend that started on March 31 as resistance but failed to break it, deepening its decline. The price remained below the 50 EMA (Red Line) 200 EMA (Blue Line) on the daily timeframe. This could deepen the decline further in the medium term. The Chaikin Money Flow (CMF)20 indicator is in negative territory, but the negative daily volume may reduce inflows and cause CMF to move into negative territory. However, the Relative Strength Index (RSI)14 indicator retreated to the lower level of the negative zone. If the uncertainty in the markets increases and risk appetite decreases, it may retest the $0.4567 support level and the $0.3159 support level. If these support levels are broken, the decline may deepen. For the rise, US Trade Secretary Lutnick announced that the tariffs will not be delayed and will be implemented as of April 9. If the 200 EMA (Blue Line) and 50 EMA (Red Line) remain above the $0.6492 level, the trend may change direction and test the 0.7134 and 0.8235 levels. If the price hits these resistance levels, a potential bullish opportunity may arise if momentum increases.
Supports: 0.3237 – 0.4704 – 0.4888
Resistances: 0.8280 – 0.6538 – 0.7088
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