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Home Weekly Technical Analysis

Bitcoin Hits ATH: Weekly Crypto Market Outlook

May 26, 2025, in Weekly Technical Analysis

darkex by darkex
May 26, 2025
in Weekly Technical Analysis
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TABLE OF CONTENT hide
1 BTC/USDT
2 ETH/USDT
3 XRP/USDT
4 SOL/USDT
5 DOGE/USDT
6 TRX/USDT
7 AVAX/USDT
8 SHIB/USDT
9 LTC/USDT
10 LINK/USDT
11 BNB/USDT
12 ADA/USDT
13 SUI/USDT

BTC/USDT

Last week, we left behind a week of rallies in the crypto market, especially in Bitcoin, where the new ATH level was tested. When we look at the main factors that triggered the rise, positive developments such as the positive course in ETF flows in Bitcoin, the clarification of regulatory processes with the Genius stablecoin law, the increase in institutional purchases and the governments’ adaptation to cryptocurrency regulations, and the US tax cut bill were the main catalysts. When we look at the important developments to be experienced on behalf of the market this week, the Bitcoin 2025 conference, US macro data and Fed members’ statements will be at the center of the market’s attention.

With all these developments, it is seen on the daily chart that the price tested the 111,960 level and reached a new ATH (all-time high) level, accompanied by the golden cross structure formed with the support of fundamental developments after BTC settled at six-digit levels. BTC, which started the week around 105,000, rose 3.12% during the week with the rally it captured and closed the week strongly. In the technical structure, it is noteworthy that after the double bottom formation at points A and C, the uptrend continued and peaks 3 and 5 were also exceeded. While the Wave Trend Oscillator continues to remain in the overbought zone for a long time on a daily basis, momentum indicators seem to maintain their strong stance despite the sell signal coming from this zone. This suggests that although the technical bullishness is not on an ideal footing, fundamental developments are still the main driver for the price. Considering that BTC price has experienced corrections of between 10% and 15% following previous golden cross crosses on the chart, it is possible that a similar scenario could play out in the current situation. In particular, last year’s deep correction with the double top that formed after the Bitcoin 2024 conference is quite remarkable. Liquidation data also supports this scenario. In this context, the 100,000 level will be monitored as a critical reference support in a possible correction scenario. In the opposite scenario, in the event that the price exceeds the 111,960-level accompanied by fundamental developments, new highs can be expected to be tested, and price movements can be expected to become more aggressive. In this process, volatility is likely to increase, and new psychological resistance levels are likely to come into play.

Supports 105,000 – 102,000 – 100,000

Resistances 111,960 – 115,000 – 120,000

BTCUSDT
BTCUSDT

ETH/USDT

Ethereum has moved within a narrow price range over the past week, entering a period of accumulation after the previous bullish move. This sideways movement indicates that investors are searching for a balance between profit realizations and new position purchases, indicating that a critical process is underway in terms of determining the direction of the market. In this process, the effect of Donald Trump’s 50% tariff rhetoric in the US, which he proposed to impose on European Union products as of June 1, was felt in the short-term retreat experienced across the cryptocurrency market. With the increase in global risk perception, the ETH price retreated to around $2,460. However, ETH, which recovered with strong purchases from this region, managed to rise to the level of $2,589 again, and this level stood out as an important resistance area in the short term. Simultaneously with this price movement, there were important technical developments in the Ethereum ecosystem. Following the Pectra update, the reduction in the total amount of locked assets (TVL) on Ethereum’s layer-2 (L2) solutions was noticeably directed towards the main chain. This migration of liquidity from L2s to the Ethereum mainnet supported economic activity on the network and had a positive impact on spot prices. In addition, on-chain data shows that nearly 900,000 ETH have been withdrawn from centralized exchanges to wallets since the beginning of last month. This trend is considered to be a very positive data in terms of the medium-term outlook, as it shows that investors intend to keep their ETH for the long term and that selling pressure is decreasing.

A joint assessment of technical indicators and on-chain data reveals that the market structure has a cautiously positive outlook. An analysis of the Cumulative Volume Delta (CVD) indicator reveals that there has been selling pressure especially in futures following the recent bullish wave. However, buyers in the spot market remained strong, indicating that this selling pressure was absorbed and the bullish momentum was maintained. This picture is accompanied by an increase in open interest and a decline in the funding rate. This can be considered as a potential continuation signal in the bullish direction. The Chaikin Money Flow (CMF) indicator is trending sideways in the positive territory, confirming that there is a net inflow of money into the market and that capital flows are still working in favor of Ethereum. On the other hand, the Relative Strength Index (RSI) indicator resumed an upward trend after retreating slightly from the overbought zone following the recent rally. This suggests that the price is maintaining its momentum by making a healthy correction from overheating and preparing for a new bullish wave. On the Ichimoku indicator, the fact that the price remains above the Tenkan level indicates that the short-term bullish structure continues and the market perception remains positive.

In the light of this data, when the technical and fundamental outlook is evaluated together, ETH is likely to exhibit an upward movement towards the $2,826 level with daily closes above the $2,589 resistance in the coming days. If this scenario materializes, the $2,826 level will be an important monitoring area as a short-term target. However, a daily close below the Tenkan level, which corresponds to the $2,524 level, may weaken this positive technical structure and bring the risk of deepening downward movements.

Supports 2,207 – 2,001- 1,755

Resistances 2,589 – 2,826 – 3,053

ETHUSDT
ETHUSDT

XRP/USDT

Over the past week, XRP has fluctuated between $2.48 and $2.27, with no clear direction. While price movements remained more limited in technical terms compared to the previous week, some changes, especially in on-chain indicators, started to produce remarkable signals in terms of short and medium-term pricing. After the price peaked at $2.65, there was a notable drop in open interest. This decline suggests that interest in futures is waning, and traders are closing positions or withdrawing from the market. On the other hand, the funding rate continued to trend upwards, suggesting that interest in long positions remains, but this interest is not supported by price. Cumulative Volume Delta (CVD) data also confirm this picture. Selling volumes in both spot and futures markets continue to be intense and this brings a negative outlook for the weekly outlook.

Weakness signals also stand out when technical indicators are analyzed. The double top pattern observed in the Chaikin Money Flow (CMF) indicator and the subsequent downside breakout indicate that the outflow of liquidity out of the market may accelerate. According to this indicator, investors may have become risk averse, suggesting that selling pressure may increase in the medium term. On the Ichimoku indicator, the fact that the price remains below both Tenkan and Kijun levels indicates that the market is moving behind its short and medium-term averages, and a technically negative structure is forming. In particular, the downward trend of the Tenkan level down to the Kijun level indicates that we are in the early stages of a trend reversal. This suggests that buyers are losing momentum, and the market is looking for direction. The Relative Strength Index (RSI) indicator also supports this negative picture. The fact that the RSI continues to remain below the based MA line and fails to gain strong upside momentum suggests that the market’s overall momentum is weakening and short-term recovery efforts are insufficient. This suggests that the buying power required for the price to start a new uptrend has yet to kick in.

In light of all this technical and on-chain data, XRP is more likely to move downward in the coming days. In particular, the $2.24 level stands out as an extremely critical support point in terms of technical structure. If it sags below this level, it seems likely that the selling pressure will accelerate, and a deeper correction will take place. On the other hand, if the price can make daily closes above the $2.46 level, the current negative technical structure can be overridden and an upward correction or a new recovery process may begin.

Supports 2.2436 – 2.0196 – 1.7826

Resistances 2.5925 – 2.8521 – 3.1969

XRPUSDT
XRPUSDT

SOL/USDT

Last week in the Solana ecosystem.

  • The SEC postponed its decision on the Solana ETFs of 21Shares, Bitwise, VanEck, Canary Capital and Fidelity.
  • Canary presented an updated version of the spot SOLANA ETF S-1 application.
  • Anza, a Solana blockchain infrastructure firm spun off from Solana Labs, has proposed a new proof-of-stake consensus called Alpenglow, which it claims will be “the biggest change to Solana’s core protocol” and will compete with existing internet infrastructure.
  • JA Mining launches scalable crypto mining with FCA Certification and $100 bonus.
  • Alchemy acquires Dexter Lab to strengthen Solana infrastructure.
  • Poof launches open beta for code-free Solana app creation. S
  • Solana Mobile has announced plans to launch its own token, SKR, and introduce its decentralized architecture called TEEPIN.
  • Marinade Labs launches enterprise staking platform for Solana.
  • A central exchange will launch tokenized stocks on Solana for global users.
  • Ledger is launching the Solana-branded Ledger Flex hardware wallets.

SOL trended sideways on the daily chart and the inverse shoulder-head-shoulder pattern continued to hold. After testing the 200 EMA (Black Line) as support, the price managed to stay above this level and is set to test the strong resistance at $185.60. Otherwise, the $162.99 level should be monitored in downward movements. The asset is trading above the 50 EMA and the 200 EMA, indicating that the asset is bullish. Also, the fact that the 50 EMA continues to remain below the 200 EMA indicates that a “death cross” continues to form in technical terms. This suggests that bearish potential remains in the medium term. RSI (14) has retreated from the overbought level to the middle level of the positive zone and selling pressure has not yet formed. However, the uptrend that started on February 26 may test the support. This means that the price may continue its upward movement. Chaikin Money Flow (CMF-20) is in positive territory; a decline in money inflows could push this indicator lower and test the 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 $150.23 level can be monitored as a potential buying opportunity.

Supports 162.99 – 150.23 – 141.80

Resistances 185.60 – 209.39 – 228.35

SOLUSDT
SOLUSDT

DOGE/USDT

DOGE has been flat on the daily chart since last week. The asset, which managed to stay above the 50 EMA (Blue Line) and the 200 EMA, has tested the 200 EMA as support and has been slightly bullish from there. The inverse shoulder-head-shoulder pattern and diamond pattern continue to support the upward movement of the asset. On the other hand, the 50 EMA remained below the 200 EMA (Black Line), indicating that the “death cross” pattern remains valid. This indicates that bearish pressure may continue in the medium term. The Chaikin Money Flow (CMF-20) indicator remained in positive territory and is currently testing the uptrend that started on May 3 as support. Declining inflows suggest that this indicator may fall into negative territory. The Relative Strength Index (RSI-14) is still in positive territory and above the uptrend that has been in place since April 8, but is currently testing the trend as support. This shows us that the possibility of an uptrend will continue in the short term. In case of macroeconomic risks or negative news from the ecosystem, the $0.20472 level can be monitored as a strong support. On the other hand, if the upward movement gains strength, $0.28164 stands out as the first strong resistance level.

Supports 0.22234 – 0.20472 – 0.18224

Resistances 0.25025 – 0.28164 – 0.31107

DOGEUSDT
DOGEUSDT

TRX/USDT

Last week, the US Securities and Exchange Commission (SEC) approved the staked TRX-based exchange-traded fund (ETF) application submitted by Canary Capital. With this approval, the TRON network became the first blockchain network to receive regulatory approval under the ETF structure based on the staking mechanism.

In addition, with another 2 billion USDT printed on the Tron network last week, the total USDT supply on the network reached $77.7 billion and Tron maintained its position as the leading blockchain network in terms of USDT supply.

Between May 19 – 25, 2025, a total of 49.3 million TRX were burned on the network. These burns continue to have a deflationary effect on the supply of TRX. This keeps the circulating supply of TRX in check and creates a more disciplined supply structure against demand-driven volatility over time.

In the week in question, the Tron network generated a total of $79.8 million in revenue, maintaining its position as the highest revenue generating network among all blockchain networks. This revenue is a direct result of Tron’s key usage metrics such as the number of transactions, TVL (total locked assets), number of active wallets and DeFi interaction density.

TRX, which started last week at 0.2680, rose about 1.5% during the week and closed the week at 0.2723. TRX, which is currently trading at 0.2640, continues its movement in the bullish channel it has been in for a long time on the daily chart and tried to break the channel upwards but was rejected. It is currently in the upper band of the channel. The Relative Strength Index (RSI) value has approached the overbought zone with 61 and accordingly, 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 0.2555 support. If it closes daily below 0.2555 support, it may continue to decline and may want to test 0.2411 support. If it cannot close daily under 0.2555 support, it may rise with possible purchases that may occur. In such a case, it may test the 0.2715 and 0.2815 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 0.2815 – 0.2975 – 0.3100

TRXUSDT
TRXUSDT

AVAX/USDT

After starting last week at $23.04, AVAX fluctuated between critical Exponential Moving Average (EMA) levels throughout the week. Retesting the EMA50 level on the last day of the week, AVAX recovered with purchases from this level and closed the week at $23.43. The fact that AVAX found support after approaching the lower band of the bullish channel and headed towards the middle level of the channel indicates that the upside potential technically continues. However, AVAX, which moves tightly between critical EMA levels, displays an indecisive outlook in terms of momentum.

On the daily chart, the Moving Average Convergence/Divergence (MACD) indicator is still below the signal line. This suggests that momentum is weak and the bullish move is not strongly supported. The RSI, on the other hand, is in neutral territory, suggesting that upside momentum is possible but the potential is limited for now. Although the price is technically under pressure, it has not yet reached the overbought or oversold zones.

If AVAX maintains above the EMA100, the rise can be expected to continue towards $25.12 and EMA200 levels. If these levels are exceeded, resistance levels of $27.02 and then $28.72 may come to the agenda again. On the contrary, if AVAX remains below the EMA100 and breaks the EMA50 support, a retracement to $21.79 and then $20.23 can be expected. In particular, a break of the lower band of the bullish channel could technically lead to an increase in bearish momentum. AVAX is currently stuck between important moving averages and is not generating a clear signal on direction. Technical indicators suggest that momentum is weak, but consolidation is underway in critical areas ahead of a major breakout. In particular, a breakout between the EMA50 and EMA200 levels will determine the short-term direction of AVAX.

(EMA50: Blue Line, EMA100: Green Line, EMA200: Purple Line)

Supports 21.79 – 20.23 – 19.31

Resistances 25.12 – 27.02 – 28.72

AVAXUSDT
AVAXUSDT

SHIB/USDT

In the Shiba Inu ecosystem this week, on-chain data and shifts in investor behavior point to a reshaping of short-term prospects for the project. In the first half of the week, the daily burn rate fell by 85% to 2.14 million SHIBs. While this decline indicated that the pressure for supply constraints weakened, it limited the potential positive impact on the market. However, with 37.9 million SHIBs removed from circulation towards the end of the week, the daily burn rate increased by 22.6% . However, Santiment data shows that large investors (whales) continue to sell. These addresses, which held 743 trillion SHIB in January, are currently down to 725 trillion SHIB. This outflow of around 18 trillion SHIBs shows that institutional and high-volume investors tend to be risk-averse in the short term and are cautious about potential pullbacks. In addition, SHIB’s inability to show a parallel momentum to this rise even on the days when Bitcoin reached record highs indicates that the current momentum remains weak. On the other hand, new updates announced on the Shibarium front reveal that the project continues its infrastructure-oriented development. In particular, the limitations imposed on public RPC endpoints aim to strengthen the principle of decentralization on the network. With this step, the Shiba Inu developer team aims to increase the security and continuity of the network by encouraging more users to run independent nodes. In addition, technical problems in Shibarium’s snapshot access have been resolved, allowing users to access historical transaction data again. These developments can be considered as part of a long-term strategy to increase the functionality of the network. The increase in trading volume reveals a revival of short-term investor interest. According to CoinMarketCap data, 24-hour trading volume increased by over 19% to $367 million. This reflects the fact that despite the price pressure, SHIB still remains strong in terms of liquidity and market participants tend to take active positions.

Shiba Inu (SHIB), despite its upside attempts last week, faced selling pressure from the Point of Control (POC) level of $0.00001583 and ended the week at around $0.00001400. This retracement confirms the impact of the POC level, which is still below according to the Volume Range Volume Profile (VRVP) indicator, which stands out in volume-based analysis and represents the area where the price is most heavily traded. While the price turned down with the sales coming from this region, the significant decrease in volatility in the same period indicates that the market is looking for direction in the short term and has entered the consolidation process. Another noteworthy development was that the price remained under downward pressure despite the increase in trading volume. This situation reveals that sell orders are intensifying and the current volume increase cannot find enough support for buying. The weakness on the momentum side suggests that buyer interest is still limited and the technical structure needs to gain strength in order for the rises to become permanent. In the medium-term technical outlook, the convergence between the 50-day Exponential Moving Average (EMA-Blue line) and the 200-day EMA (Red Line) levels draws attention. In particular, the 50-day EMA is close to crossing the 200-day EMA upwards, suggesting a possible “Golden Cross” pattern. If this intersection materializes, it may generate a significant strengthening signal in the technical outlook. However, it should be kept in mind that for this pattern to be effective, the price must remain above the averages.

If the downward movement continues, the 0.00001360- and 0.00001280-dollar levels can be followed as support in the short term. A fall below these areas may cause a deepening of technical weakness and create a new retracement area towards the 0.00001200-dollar level. In the upside scenario, the 0.00001583-dollar level can be expected to be retested first. If this level is broken in volume, the technical structure may create a recovery area towards the $ 0.00001745 level. Crossing this resistance zone could allow buyers to regain activity in the market. The overall outlook reveals that the price is still moving close to the decision zones and the EMA crossover and volume-supported breaks will be decisive in determining the direction.

Supports 0.00001360 – 0.00001280 – 0.00001200

Resistances 0.00001745 – 0.00001850 – 0.00001970

SHIBUSDT
SHIBUSDT

LTC/USDT

Litecoin closed last week with a 5.29% decline and entered the new week at $95.59. The fact that it lost 7.68% against Bitcoin in the same period shows that it is slightly behind the market average. LTC, which has a current market capitalization of approximately $7.33 billion, lost its 21st place position in the cryptocurrency rankings last week, dropping 1 place and settling in 22nd place. This supports the fact that Litecoin has underperformed in the past week compared to the market-wide movements. On the futures side, open positions decreased by $3 million compared to last week, bringing the total open interest to $287 million. Although this decline indicates that market participants are cautious in the short term, the fact that funding rates remain positive indicates that long positions are still predominant on the investor side and therefore bullish expectations are dominant.

As of this week, Litecoin remains above the 50-period moving average (purple line) and the 100-period moving average (orange line). In upward movements, the first critical resistance level stands out as 110.00 dollars. This is an important threshold where selling pressure has intensified in the past and profit realizations have increased. Above $110.00, the next target will be the major resistance zone (red area) in the $130.00-143.00 band. Looking at past price action, the rises between $110.00 and $130.00 have generally been very rapid. In the $130.00-143.00 band, the increase in volume is noteworthy as the candle lengths remain short. This situation signals that market participants remain indecisive in that region and that selling pressure is increasing. In summary, if $110.00 is broken, LTC can be expected to rise quickly to the $130.00 band. Afterwards, a clear direction can be determined by following the market dynamics and developments in the 130.00-143.00 band.

In a bearish scenario, the first important support level for Litecoin, which it is currently testing, stands out as the green thin band starting at $98.74. Although this area is considered a critical region that can stretch up to around $97.00 . On the daily chart, this support is seen as one of the key points in the bullish-bearish struggle, where buyers still remain strong, although they are tested from time to time with needles. If the price makes permanent closes below this area, the downward momentum is likely to accelerate. In such a case, the next important horizontal support is the $89.51 level. If $89.51 is also broken, the $81.00 region stands out as a strong support point where a potential reaction can be taken.

Resistances 110.00- 130.00 – 143.00

Supports 98.74 – 89.51 – 81.00

LTCUSDT
LTCUSDT

LINK/USDT

After the low made on April 7, LINK has entered a steady uptrend with a higher low and higher high structure, exhibiting an accelerated upward movement on May 6. Since March 11, the price action shows that an inverted shoulder-head-shoulder pattern has formed. The first criterion we look for in pattern analysis is an upward break of the neckline of the pattern. On May 8, this breakout occurred and confirmed the existence of a clear pattern. After this breakout, the price retraced back to the 100-day moving average (SMA100) twice and successfully completed the retest. In the current outlook, the price is trying to break the resistance at $16 to the upside. The 100-day moving average support along with the hammer candle structure is a signal that the retracement that started on May 11 may be coming to an end. In light of this technical structure, our expectation is that the price will continue its uptrend, supported by two successful retests after the pattern breakout and the hammer candle structure. This move can be expected to continue up to the $20 band, which is the pattern target, working together with a potential double bottom.

The first resistance level to be followed in the short term is $16.01 and the critical resistance level stands out as $16.72. A voluminous negative close from this level has the potential to pull the price back to $14.31. However, the fact that the Relative Strength Index (RSI) indicator is in the positive zone (52.81) reduces the possibility of this pullback and strengthens the impression that the upward movement may continue.

Supports 15.22 – 14.72 – 14.31

Resistances 16.01 – 16.72 – 17.95

LINKUSDT
LINKUSDT

BNB/USDT

In the BNB ecosystem this week, HUMA, the PayFi protocol that aims to accelerate cross-border and card payments, provide instant liquidity access and combine traditional finance with decentralized infrastructure, is scheduled to be listed on Launchpool. This listing is expected to have an overall positive impact on the BNB price as it increases demand for BNB used in transaction fees and reduces the circulating supply as users stake BNB.

In technical terms, the BNB/USDT pair gained upward momentum at the beginning of last week (Monday, May 19), rising to $ 690. However, the pair, which entered the correction process with the effect of profit sales at this level, retreated to $ 655 later in the week. Finding support from this level, BNB regained bullish momentum. With this momentum, it maintained its positive outlook at the beginning of the new week.

Currently trading in the range of $655-675, BNB/USDT, when evaluated in terms of technical indicators, an increase in trading volume has been observed in the last one-week period. This situation shows that buying directional transactions continue. On the other hand, the Relative Strength Index (RSI) approached the 70 level with the rise at the beginning of the week; however, with the pullback in recent days, it turned down and fell below the average. This outlook suggests that the short-term negative mismatch is working.

Within the framework of the current technical structure, if the upward momentum continues, the BNB price is expected to test the $ 675 level in the first place. If this resistance is overcome, the $700 and $730 levels should be monitored as the next strong resistance zones. On the other hand, if the $675 level cannot be crossed and selling pressure increases, the price is likely to fall towards $655. If this level is also broken down, the $640 and $620 levels stand out as important support zones, respectively.

Supports 655 – 640 – 620

Resistances 675 – 700 – 730

BNBUSDT
BNBUSDT

ADA/USDT

Based on the Japanese government’s expectations for the Cardano network and current on-chain data, trading activity for the ADA/JPY pair reached $121 million, accounting for 10% of all ADA trading and surpassing even ADA/USDT, which recorded $114 million in volume with a 10% share.

ADA saw a strong increase in its price last week, rising from around $0.7250 to above $0.8380 by May 23. ADA posted a weekly rise of 15%, suggesting that the buying pressure has been replaced by selling pressure compared to the previous week. Although the Relative Strength Index (RSI) 14 indicator is moving around 53 levels, momentum suggests that this uptrend may weaken and give way to a downtrend in the short term. On the chart, the first bowl of the double bottom pattern has been completed, while the second bowl is set to be completed by the intersection of the 200 EMA (Green Line) with the 50 EMA (Blue Line). Once this crossover occurs, the price is expected to continue in the sideways zone at 0.7260. If the price stays above the $1.0627 resistance level after the macro data releases and Trump’s speeches, it may change the trend direction and approach bullish. In this case, it may test the $1.1700 resistance level with the rise of ADA. In a possible volatility scenario, in case ADA’s price falls, the 200 EMA (Green Line) may retest the $0.6444 support level and the $0.5049 support level. In case these support levels are broken, the fall may deepen.

Supports 0.6444 – 0.5049 – 0.3158

Resistances 1.3286 – 1.1700 – 1.0627

ADAUSDT
ADAUSDT

SUI/USDT

While Sui has been experiencing a remarkable level of fund inflows this week, there was news of a serious hack.  On May 22, 2025, the Cetus Protocol, one of the largest decentralized exchanges (DEX) on the SUI blockchain, suffered a massive $223 million hack. Cetus offered on-chain voting and a $6 million reward for the return of the affected funds. Haedal Protocol also suspended its haeVault feature after this incident at Cetus. While the type of attack is thought to use methods such as smart contract vulnerabilities or flash loan attacks, it was observed that the attackers first converted the funds to stablecoins such as USDC, then bridged to the Ethereum network and purchased ETH. The realization of this situation caused serious declines in Sui. Especially after being rejected at the level of $3.95, it experienced a 6% decline and retreated to around $ 3.60. In general, it has dropped more than 7% in the last 7 days.

If we examine the technical analysis point, we can say that the weekly fund was $9.3 million before the hacking events. In the Sui weekly, it was observed that the Relative Strenght Index (RSI) at $3.56 levels was in the value range of 60.04 – 65.89. At the RSI point, the value range of 50 – 65 may be suitable for purchase. Movement towards Sui 4.10 – 4.75 – 5.36-dollar resistances can be expected respectively. If the price makes new lows, while the 30 – 50 RSI value range expresses the selling pressure to us, the support of 2.89 – 3.50 dollars can work. The retreat to the support of $ 2.89, which we observe as the trend line, may not materialize. Strengthening purchases at the RSI point can carry us to the price of $ 4.10. When we apply the Average True Range (ATR) indicator on the Sui chart, we observe the size of the fluctuations in the range of 4.51 – 3.20 dollars of the band range possible volatility values. When we examine the Simple Moving Averages (SMA) indicator on the Sui chart, we observe that the simple moving average is trading at $3.89. Generally speaking, it seems likely that Sui will continue to remain positive above $3.50, despite the hacking events.

Supports 2.10 – 2.89 – 3.50

Resistances 4.10 – 4.75 – 5.36

SUIUSDT
SUIUSDT

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.

Tags: AltcoinTrendsBitcoinTechnicalAnalysisCryptoMarketOutlookEthereumPriceUpdateWeeklyCryptoAnalysis
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