Türkçe
Español
Recent fluctuations in the cryptocurrency market have led to notable price increases in major digital assets. Particularly, the surges in Bitcoin 
$103,571 and Ethereum 
$2,506 have rekindled optimism among traders. In just 24 hours, Bitcoin gained 6%, testing the $79,000 level, while Ethereum rose over 10%, surpassing $1,500. Additionally, many altcoins and popular meme tokens experienced double-digit increases. However, the market still lacks a clear direction, with global developments, such as proposed tariffs by a former US official, intensifying uncertainties. As a result, market participants are adopting a cautious approach regarding the sustainability of the current uptrend.
Technical Signals Strengthen
According to Bitcoin’s technical analysis, an overall improvement trend is emerging in the market. Renowned trader Conor Kenny emphasized that the market is “recovering quite well” while evaluating intraday price movements. Technical indicators, particularly tools like MACD and Supertrend, have started to produce bullish signals. Analyst Javon Marks highlighted that the MACD indicator has issued a hidden bullish signal, and Titan of Crypto noted that significant support levels have been maintained in weekly charts, indicating a bounce.
Crypto Rover pointed out that the price gap created in Bitcoin futures over the weekend has been filled, suggesting that such corrections are normal in bull markets. This sentiment reinforces the view that, despite short-term volatility, a long-term upward momentum might be forming.
Investors are carefully monitoring technical signals while searching for a clearer direction before establishing new positions. Leading cryptocurrencies like Bitcoin and Ethereum continue to play a decisive role in determining market sentiment.
Activity in Altcoins and Investor Interest
There is also notable activity in the Ethereum market. A recent sale of 2,000 units from a previously inactive wallet created short-term selling pressure, indicating that some investors are taking profits. Nonetheless, the nearly 10% increase in Ethereum’s price demonstrates sustained buyer interest.
Additionally, price hikes of around 40% in certain meme tokens are drawing attention. Analyst RookieXBT indicated that trading volumes in these assets have noticeably surged, rising much faster compared to other cryptocurrencies. However, it is also noted that this rapid movement could lead to volatility in the short term.
Overall, investors are observed to be navigating the market cautiously. While technical signals are generating positive indicators, the prevailing uncertainty is leading to a tendency for measured actions. Experts note that supporting and resistance levels are being retested, which is crucial for building confidence in the market.
