Technical Analysis

KITE has advanced from a base near $0.16 to highs around $0.2706, with bulls overcoming the $0.24–$0.25 barrier and now testing a dense resistance area below $0.30. Derivatives data show Open Interest climbing toward $100–$120 million and funding rates turning firmly positive, signaling leveraged long interest but also rising liquidation risk if momentum fades. Technical supports sit near $0.25, $0.20 and $0.18, while a sustained move above $0.27 could open a path toward the $0.30–$0.35 zone.

Bitcoin sentiment remains deep in extreme fear, with the Fear & Greed Index at 7 and stuck in that zone for 22 straight days. BTC has struggled to recover, trading around $67,700 after a bounce from $60,000. Thresholds mark fear below 47, greed above 53, and extreme bands at 25 and 75.

According to Google Trends data cited by AOL Finance, searches for "Bitcoin is dead" and "Bitcoin is going to zero" have climbed to record levels while the asset trades around $67,713. Matrixport analysts describe sentiment as extremely weak, and Bloomberg Intelligence's Mike McGlone outlines scenarios ranging from sharp downside risk to potential inflection after fear peaks.

Bitcoin has moved sideways for over two weeks and has spent more than six weeks consolidating between $85k and $90k, after briefly pushing above $97k before reversing. According to CoinMarketCap, the Fear and Greed Index has dropped into extreme fear, while soft spot demand and ETF outflows leave momentum weak and put focus on whether $65k can hold into late March.

Bitcoin remains under $70,000, and a fresh analysis warns the market may not be forming a durable base. The study highlights three overlapping pressures: fading equity momentum, a structurally lower-volatility and higher-correlation regime shaped by ETF flows, and a Federal Reserve stance that is steady but not supportive. Together, these factors keep downside risks elevated.

Synthetix's SNX rallied 27% in the past 24 hours as trading volume nearly doubled to about $140 million. Market focus now turns to whether buyers can push price toward a nearby liquidity area around $0.4254, with momentum aided by strengthening derivatives participation.

Peter Schiff, chairman of Schiff Gold, tweeted yesterday that Bitcoin may slide toward $20,000 if its long-term $50k support gives way. On February 12, he said the cryptocurrency's "initial support" was around $10k. At press time, Bitcoin was near $68k after a failed move above $70k.

According to Santiment, wallets holding 10 to 10,000 BTC have trimmed their share of the circulating supply by 0.8% since October, pushing it to the lowest level since May 2025. Meanwhile, 0 to 0.01 BTC addresses added 2.5%, reaching the highest since June 2024, as mid-tier balances split: 0.01–1 BTC up 1.05% and 1–10 BTC down 0.49%. Bitcoin trades near $67,400, up 0.7% on the week.

Bittensor's TAO token fell 5.25% in just over 24 hours to $174.2 while its trading volume climbed 15% to $117.50 million, signaling intense selling pressure. Technical readings and market positioning point to a possible decline toward $144 if TAO remains under the $207 resistance, even as derivatives and spot data reveal a split between short sellers and aggressive buyers.

XRP remains under pressure as market depth thins and exchange flow signals are tracked for parallels to the 2024 expansion. The token pulled back from a move above $3.00 in 2025 and now sits between support at $1.30–$1.40 and resistance at $1.80–$2.20. Traders are monitoring liquidity compression and volatility risk before committing capital.