Flipster Crypto Weekly (May 30)

May 30, 2025

Crypto traders remain cautious, with prices holding within a narrow range this week amid persistent macroeconomic uncertainty. Minutes from the Federal Reserve’s May meeting highlighted concerns over stubborn inflation and early signs of labor market softening, leading officials to keep rates steady at 5.25%–5.50% and hint at potential delays to rate cuts. Jobless claims rose to 240,000, while continuing claims hit their highest level since November 2021—both signaling potential cracks in employment trends. Against this backdrop, the lack of a clear macro catalyst has left crypto markets adrift with traders seemingly waiting for stronger signals before reallocating risk.

Bitcoin (BTC)

Weekly performance: -4.98%

Year-to-date (YTD) performance: +13.74%

After reaching all-time highs (ATHs) last week, Bitcoin (BTC) has since retreated below the $106,000 level, which had previously acted as resistance and is now serving as a support threshold. BTC has also slipped below its 10-day moving average (MA)—a key technical indicator it had consistently traded above since the early-April lows. The cryptocurrency, with the largest market capitalization, is currently testing support at the 21-day MA; a decisive break below this level could signal a loss of bullish momentum and potentially lead to further consolidation.

Ethereum (ETH)

Weekly performance: -0.96%

Year-to-date (YTD) performance: -20.81%

Following a rebound of over 80% from its recent monthly lows, Ethereum (ETH) has entered a consolidation phase, trading just below the $2,690 mark. This level corresponds with the 200MA, which is currently acting as a resistance barrier. A sustained move above this threshold would be essential for ETH to maintain its upward momentum. As such, these levels remain critical indicators to monitor in the short term.

Solana (SOL)

Weekly performance: -7.84%

Year-to-date (YTD) performance: -12.52%

Similar to ETH, Solana (SOL) is encountering resistance at the 200MA, which is acting as a key overhead barrier. The long upper wick observed during the May 23 session suggests significant selling pressure above, indicating ample supply at higher levels. This resistance is likely to persist until buying interest strengthens enough to absorb the excess supply. On the downside, SOL appears to be finding support around the $160 level. Together with the $180 mark, these levels currently define the trading range within which SOL is consolidating.

WalletConnect Token (WCT)

While the broader crypto market remains range-bound, WalletConnect Token (WCT) is distinguishing itself with its strong move. WCT has surged over 200% in the past month, and if it closes in positive territory today, it will mark its seventh consecutive day of gains—underscoring the strength of its current rally. This sustained momentum firmly secures WCT’s position on Flipster’s Top movers list.

Disclaimer: This material is for information purposes only and does not constitute financial advice. Flipster makes no recommendations or guarantees in respect of any digital asset, product, or service. Trading digital assets and digital asset derivatives comes with a significant risk of loss due to its high price volatility, and is not suitable for all investors. Please refer to our Terms.