Technical Analysis

In January, the ISM Manufacturing PMI climbed to 52.6, the strongest level since 2022, as U.S. manufacturing returned to expansion while Bitcoin traded near $78,000 in its fifth straight month of correction. Spot crypto volumes have fallen to their lowest levels since 2024 alongside $2.56 billion in liquidations and a total market capitalization of $2.58 trillion, as analysts debate whether the macro rebound can revive demand or if structural weakness will dominate.

Explore the top memecoins to watch this week, including Dogecoin, Pudgy Penguins (PENGU), MemeCore (M), and the rising AI-driven PIPPIN. Stay ahead of the market with BingX’s deep dive into 2026's viral crypto trends and trading volumes.

After a sharp weekend drop below $75,000, Bitcoin bounced back toward $79,000 on Tuesday, supported by renewed net inflows of about $561.9 million into US spot ETFs. Despite this short-term relief and broader altcoin gains, on-chain indicators showing roughly 44% of supply in loss suggest mounting structural weakness and the risk of an extended bear phase.

Moonbirds (BIRB) surges 46% to a $103 million market cap following a major Upbit listing. Explore the utility of the Solana-based token, its Nesting 2.0 rewards, and technical analysis as BIRB enters overbought territory.

On February 2, 2026, several analysts detailed near-term levels for Ripple's XRP after a roughly 4% rebound to just over $1.60. Ali Martinez highlighted supports at $1.42, $1.27 and $1.06, while CryptoWZRD cited a $1.64 reclaim and a path toward $2.00 contingent on Bitcoin dominance. Spot XRP ETFs recorded another small net outflow on February 2.

According to the XRP/USD hourly chart (data source from Kraken), XRP extended losses under $1.550 and then attempted a rebound from the $1.50 area. The pair trades below $1.620 and the 100-hourly Simple Moving Average, with resistance seen near $1.650 and the $1.70 region.

In a Feb. 1 analysis, CryptoQuant CEO Ki Young Ju argued that Bitcoin’s recent decline is driven by persistent selling pressure and a lack of new capital, as signaled by a flat Realized Cap and weakening liquidity. He said a full-cycle style 70% crash would likely require MicroStrategy to shift from aggressive accumulation to substantial selling, while other on-chain data from CryptoQuant contributors show stablecoin market growth has reversed since December and exchange inflows have faded. At press time, BTC was trading at $78,280 amid what Ki expects could become a broad sideways consolidation phase rather than an immediate capitulation.

MOLT is navigating extreme volatility on the Base blockchain as the Moltbook AI social network surpasses 1.5 million agents. Following a 7,000% peak-to-trough surge and a major security patch, analysts are forecasting a potential 2026 price target of $0.025. Discover the key technical levels and market drivers for this emerging AI-exclusive token.

Ethereum slid beneath 2,420 and 2,300 and is trying to rebound from the 2,155–2,150 area, but sellers cap recoveries near 2,350–2,365 with the 100 hour SMA overhead. A decisive move above 2,450 and toward 2,600 could open 2,700, while rejection at 2,365 leaves 2,250, 2,220 and 2,150 as key supports.

Over the last two weeks, US spot bitcoin ETFs saw nearly $3 billion in redemptions, according to Coinglass, as BTC fell from about $84,000 to $74,600 over the weekend into Monday. With combined ETF assets near $113 billion and holdings around 1.28 million BTC, the average cost basis is roughly $87,830, leaving many positions below water.