Technical Analysis

ETH’s estimated leverage ratio eased from 0.79 on Jan. 2 to 0.67 by Jan. 11 while open interest climbed, and spot-led buying strengthened. Aggregated futures OI has rebounded toward pre-Q4 2025 drawdown levels, yet ETH trades about 27% below its Oct. 10, 2025 opening price. Staking inflows and macro signals add potential tailwinds for a push toward $4,000.

On Monday, Jan. 12, XRP slipped despite bullish on-chain signals. Exchange reserves fell about 0.44% in the prior 24 hours, and roughly 2,692,600,000 XRP sat on Binance as millions moved off the platform. Trading volume surged 205.8%, while price was down 1.63%, pointing to resilient buying interest.

Dogecoin has risen about 17% from its December 31 low, with analyst Cantonese Cat highlighting a clear shift in how the coin trades around its daily Bollinger Bands. Price has moved from persistent pressure near the lower band to the upper half of the range, with DOGE recently closing around $0.1405 above a 20‑day basis near $0.1348. On higher timeframes, the analyst frames the structure as a Wave 2 correction between Fibonacci levels at roughly $0.1177 and $0.1542, with multiple upside extensions mapped out. The key near term focus is whether DOGE can hold above the daily basis line and eventually clear the upper band region near $0.1564 while trading around $0.13674 at press time.

Dormant Bitcoin moved on-chain, with OG whale spent value hitting about $286 million on Jan. 10, the largest revival since Nov. 3, 2025. Long-term holder distribution has cooled and accumulator wallets added nearly 136,000 BTC in 11 days, supporting momentum even as near-term volatility could test the $86,000–$87,000 zone before a $100,000 push.

Monero jumped over 20% to around $597, its highest level since 2021, while Zcash fell roughly 20% to about $382 amid governance and developer turbulence. Bitcoin held above $91,000 and Ethereum hovered near $3,100 in early 2026. Trader Melarin said on January 12, 2026 that XMR's long base could target higher levels.

Bitcoin trades near $91,500 after a brief push above $92,000 earlier today fizzled, leaving a minor daily gain but a 1% weekly decline. The monthly RSI slipped below 60, and analysts flag 60 as a pivotal reclaim for the cycle. Monday’s $92,400 high and resistance at $94,000 frame near-term risk and upside targets.

On Monday, Bitcoin underperformed gold and silver in what some analysts describe as the debasement trade, with BTC trading near its lowest level against gold in two years. Investment specialist Karel Mercx argued that investors now favor physical precious metals over Bitcoin as a hedge against fiat currency dilution, while gold also strengthens against the S&P 500. Other crypto commentators warned that Bitcoin’s market needs a stronger breakout as gold and silver notch fresh all-time highs.

In August 2020, Michael Saylor said Strategy began with a $250 million Bitcoin purchase. On Jan. 11, 2026, he noted the position had reached $60.25 billion, while MSTR pulled back to its monthly supertrend support. A StrategyTracker chart counted 673,783 BTC with an average cost near $75,026 and an unrealized gain of about 21%.

On January 12, Solana traded around $139.98 while broader crypto markets turned red. The price hovered near local support at $139.05, with short‑term charts suggesting a possible move toward $138 and daily signals pointing to a $130–$135 test if the candle closes weak. In the midterm, attention centers on the $144.80 level, as a close above it could open the way to the $150–$160 range before the end of the month.

According to Arkham, a single address withdrew 48.53 billion SHIB from a Coinbase hot wallet about eight hours ago, valued near $422,700 at transfer. The wallet carries 410 ETH and a total portfolio of $2.54 million, while SHIB's price fell 2.8% to $0.00000839 amid traders watching $0.00000699 support and targets at $0.00001102 and $0.00001203.