Technical Analysis

Over the past week, Bitcoin and Ethereum both slipped less than 2%, while several altcoins saw sharp moves in both directions. Polygon's POL token surged close to 50%, supported by steady on-chain activity, and Virtuals Protocol and JasmyCoin also booked double-digit gains. In contrast, Midnight and Zcash dropped more than 20% from recent highs, with several privacy-focused coins and major tokens like UNI and DOGE also ending the week in the red.

Bitcoin is trading around the $90,000 area while on-chain indicators point to weak U.S. spot demand and ongoing selling from American investors over the past month. Data tied to Coinbase shows a mostly negative Bitcoin Premium Index, with only a brief positive blip during a short move above $94,000 before slipping back. At the same time, global liquidity has been flat in recent weeks, though expectations for looser central bank policy in 2026 are building and could later support Bitcoin.

On January 11, Shiba Inu (SHIB) slipped 0.31% from the prior day and traded around $0.00000860. Intraday pressure is testing local support near $0.00000862, with a possible move toward $0.00000850 if that level fails. A daily close below $0.00000850 could open a test of $0.0000080, while persistent weakness may put $0.00000750–$0.0000080 in view by month end.

On January 11, Zcash (ZEC) gained 3.34% in 24 hours and was trading near $389.24, approaching local resistance around $400.60. If the daily candle closes away from this level, a move back to nearby support is possible, with $371.25 highlighted as the key downside area and $320–$300 mentioned as deeper targets into month's end.

Over the past 24 hours, Cardano's derivatives positioning ticked higher while spot activity thinned. After hitting a Jan. 6 high, ADA has pulled back for five sessions and is hovering within a broad range. Traders are watching for a potential reset and short-term consolidation as leverage has been cleared.

Binance top-trader data shows 76.16% of leading accounts are long XRP, with a 3.19 long/short account ratio and a 1.97 position-based ratio. The price recently rebounded from the $1.80 area to $2.10 and nearly tested $2.40 in early January. A move toward $2.80–$3 is presented as possible if $2.40 breaks before month-end.

XRP's price climbed to $2.41 on Jan. 6, 2026 before pulling back over five consecutive days and attempting a rebound around $2.10. A crypto analyst notes that a gravestone doji pattern seems to be forming on XRP's weekly chart, while the asset trades within a broad $1.77 to $2.41 range and recently saw its first $40.8 million net outflow from U.S. spot XRP ETFs.

Fidelity's Jurrien Timmer identifies $65k as Bitcoin's critical "line in the sand," with the power-law trendline near $45k if 2026 becomes a consolidation year. On January 10, 2026, David Eng argued bear markets persist as cycles lengthen and volatility eases, adding that compressed readings imply price must catch up.

As of early 2026, Bitcoin's weekly RSI sits in the low 30s with price near $80,000, according to the analysis. Two 2025 pullbacks followed bearish divergences, and traders are watching $98,000 (0.382) and $103,000 (0.5) as retest zones, while $91,000–$93,000 may act as a front-run retest if momentum stays weak.

XRP is trading around $2.10 after a 0.24% daily gain, with volume near $1.12 bn, as price compresses above the $2.04–$2.06 support area. Ripple highlighted UK FCA approval on January 9, 2026, and the chart shows that a break above $2.15 could target $2.27 and a retest of $2.40.