Technical Analysis

PI token posted successive all-time lows, culminating on January 29 at $0.1589, a 94.5% drop from its late February 2025 peak of $2.99. Gemini outlined scenarios for next week, including risk of further downside to $0.12–$0.14 and a brief rebound toward $0.18 on oversold conditions. It also flagged thin volume support below $0.16.

On January 30, Bitcoin dropped to $81,119 as derivatives data showed a cascade of forced long closures. According to on-chain analyst Axel Adler Jr., long-liquidation dominance reached roughly 97% (30-day average 31.4%) while perpetual funding stayed positive at 43.2% annualized, suggesting leverage may not be fully cleared. BTC last traded near $82,968.

Ethereum is holding above the $2,600 support area as traders attempt to steady price action after a bout of volatility, with multiple analysts watching this level on lower‑timeframe charts. Upside scenarios focus on potential recoveries toward $3,050–$3,350, while failure to hold nearby supports around $2,710 and $2,450 could open room for a deeper slide toward the $2,400–$2,100 zone. Persistent weakness in the ETH/BTC pair underscores Ethereum’s underperformance versus Bitcoin and suggests that price swings may remain elevated in the near term.

PEPE has been sliding within a descending channel after rejection at $0.00000688 and briefly touched $0.0000044 before recovering to about $0.000004541. A long‑term whale sold 858 billion PEPE worth $3.88 million, while broader whale outflows and bearish technical indicators point to a potential move toward $0.0000043 unless price can reclaim $0.0000051.

Between Wednesday and Thursday, Bitcoin fell about 10%, retesting $81,000 for the first time in over two months. On Friday, the 2‑month options delta skew jumped to 17% and US‑listed spot BTC ETFs posted $2.7 billion in net outflows since Jan. 16, increasing the odds of a break under $80,000. Traders are reassessing leverage and key support.

On Jan 29, 2026, XRP logged $6.9 million in ETF inflows before a record $98 million outflow pushed net daily losses to $92.92 million. Additional buys from Nasdaq, Bitwise and Franklin partly offset selling, while the price fell roughly 10%. The failure to reclaim key levels leaves downside risk toward $1.26 ahead of February events.

Gold and silver set new records in 2026, while Bitcoin’s October 2025 ATH above $126,000 was followed by weakness. According to analyst Mark Chadwick on X this week, the metals’ surge and Bitcoin’s lag form an unusually wide divergence that could precede rotation into crypto. His mapping outlines a 91.60% move toward $170,000 from the $82,000 area.

The latest crypto market structure points to a transition phase, with XRP's multimonth sell-off showing signs of exhaustion while Shiba Inu remains stuck in a broader downtrend. XRP is compressing near a historically active zone and trading on lighter downside volume, whereas SHIB continues to face resistance from downward-sloping moving averages. Bitcoin is still seen as relatively stable as long as its price stays above the key $80,000 support region, framing the current move as a correction within a larger consolidation.

Bitcoin was originally conceived as a "digital gold" style store of value designed to benefit from de-dollarisation and inflation, but recent market action shows investors favouring physical metals instead. Over roughly the past year, gold has climbed about 55% and silver around 150%, while BTC has traded largely sideways. Analysts Himanshu Sinha and Doctor Profit argue that central bank gold demand and the gold/BTC ratio both suggest gold may keep outperforming and that Bitcoin is currently behaving more like a speculative risk asset.

Ethereum fell 7.5% to $2,725 over the past 24 hours as price broke the $2,750 support. According to Farside Investors, US ETH ETFs drew $117 million on Monday and $28 million on Wednesday, while Bitcoin ETFs saw -$19.6 million and +$6.8 million. Some traders see room for a $2,500 test before a rebound toward $3,000 by end of Q1.