Technical Analysis

Ethena's ENA fell nearly 4% on May 13, touching about $0.11 as Bitcoin dropped below $79,000 and broader risk appetite weakened. Despite the pullback, on-chain signals pointed to a 5-week peak in ENA whale activity and the strongest daily network growth in more than three months. Technical indicators suggested downside risk toward $0.10, while a rebound in BTC could help stabilize ENA.

On May 26, 2025, XRP traded around $1.42 after failing to sustain a move near $1.50, with traders focusing on whether support around $1.41–$1.40 holds. Short-term charts showed cooling momentum and selling pressure, while the daily structure was described as broadly bullish as long as price remains above $1.38 on a closing basis.

Veteran trader Peter Brandt argues Bitcoin has "NOT NOT NOT" formed a dependable bottom and says the current bounce is only a technical move inside a bearish corridor. U.S. producer inflation data showed PPI YoY rose to 6% versus a 4.8% forecast and Core PPI YoY reached 5.2%, adding macro pressure to his view. Brandt highlights BTC near $79,660 and flags $79,145 as a key daily-close level tied to ATR.

U.S. April PPI data released on May 13 came in well above forecasts, and Bitcoin fell below $80,000, trading around $79,800 during the session. The move left BTC about $1,058 under the MA200 at $80,858 and pushed the 1-hour RSI to 31.31, while on-chain readings tied to short-term holders put added focus on the $80,000–$81,000 "reset" area.

Ethereum is trading near $2.3k and continues to stall below the $2.4k resistance that has defined months of consolidation. The daily structure remains inside an ascending channel from February, with $2.2k–$2.1k acting as nearby downside references and $2.6k–$2.8k highlighted as potential upside targets if $2.4k is reclaimed. Derivatives sentiment has turned more aggressive, with funding reaching +0.0105, raising the risk of either an amplified breakout or a swift long unwind.

Shiba Inu (SHIB) has risen nearly 2% over the past 7 days, pushing into the $0.00000650 area while derivatives open interest climbed above 6 billion tokens. The setup now hinges on SHIB holding the $0.00000650-$0.00000667 demand zone as short positioning slightly outweighs longs, even as Binance users skew more bullish. On the supply side, exchange reserves have dropped to 82.2 trillion coins from 170 trillion two years ago, a shift that could tighten liquidity if demand returns.

On May 13, 2026 at 8 a.m. ET, bitcoin traded around $80,550, consolidating beneath the $82,000-$82,800 resistance band. The asset showed higher lows from the April bottom near $70,480, while support was tracked around $79,000-$80,000 and a key reclaim level was cited near $81,500. Market metrics at that time put BTC’s market cap at $1.61 trillion with 24-hour volume at $40.58 billion.

On May 12, Ash Crypto highlighted copper's May intramonth high of $6.62 and a close at $6.54, arguing past cycles saw altcoins react with a lag while the "Others" altcoin market cap stayed near $200 billion. Michaël van de Poppe instead focuses on the copper/gold ratio, saying its early-2026 turn after a roughly five-year downtrend tracks ETH/BTC closely. Both readings suggest altcoins have not yet responded, but they differ on whether nominal copper strength or the ratio-based risk signal is the cleaner trigger.

U.S.-listed spot XRP ETFs recorded $25.8 million in net inflows on Monday, the largest one-day total since January 5, taking cumulative inflows to $1.35 billion. Franklin Templeton's XRPZ led with $13.62 million, followed by Bitwise at $7.59 million and Grayscale's GXRP at $4.59 million, while Canary's XRPC and 21Shares' TOXR showed no flows. As of May 13, 2026 at 08:33 UTC, XRP traded at $1.4608, down -0.86% on the week.

On May 13, Santiment on-chain data showed the XRP Ledger set a new high in large-holder activity, with 332,230 wallets holding at least 10,000 XRP. The count briefly dipped between February 6 and February 8 as over 4,500 such wallets vanished, but it later recovered and continued rising into May 2026. XRP was last priced at $1.46, down about 0.25% over 24 hours and up 2.5% on the week.