Greener Candles Crypto Market Analysis - 28/05/25

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Each morning, I go through BTC, charts related to BTC, other large caps, my altcoin holdings, alts I have been holding and those that made it to the watchlist. I go through these systematically while also charting the most interesting ones. In this blog, I'm sharing my findings, ideas and setups. Enjoy!

BTC

Yesterday, BTC attempted to break through to the levels at which it had been ranging last week. Even though this failed, Bitcoin still managed to create a higher high and together with lower highs, we can see an emerging uptrend here.

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BTC Dominance

Meanwhile, the BTC.D chart created a lower low, indicating a possible downtrend. To get a confirmation of this, we need to see BTC.D to create another low below 63.87%.

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USDT Dominance

USDT.D is also downtrending, and it has already filled the inefficiency candle made last Friday. It is currently testing the diagonal trendline at 4.53%. Bounce back down from here, together with declining BTC.D, could indicate a shift toward more risk-on assets - alts.

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XRP

One of the altcoins I find particularly interesting in a short time frame is $XRP.

It is trending between 2.28 and 2.35 levels and is currently at the bottom of the range. However, it has already bounced back up, and so has Stoch RSI. In the short term, we could be targeting that $2.355, but there might also be more upside potential as XRP is yet to fill the fair value gap(light blue line) which was made last Friday.

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HYPE

In my yesterday's post, I was speculating if $HYPE could break the diagonal resistance line and move on into the price discovery zone.

I tried to frontrun this a bit and made a small buy near the line. However, HYPE was rejected and is now testing a support line, which, if not holding, would mean a lower low for HYPE and potentially the start of a downtrend. So before adding more HYPE, I'm waiting to see how this plays out.

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Conclusion

All in all, I'm feeling slightly optimistic now that we're halfway through the week. Altcoins are a bit mixed, for example, $S & $BERA are downtrending while $SPX & $SUI are looking healthier.

Besides technical analysis, there's a fundamental factor, an event I wanna raise up. Next Friday, the infamous FTX exchange is distributing $5B in stablecoins to its creditors, and even though we cannot be sure how much of that is going back to crypto, it's such an amount that it can't be ignored. More of this in the link below 👇.

Link to thread.

That's all for today. Thank you for reading, and please, do share your comments, notions, and setups in the comments! 🙏

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