Technical Analysis

Bitcoin is attempting to hold the $90,000–$91,000 area after a rejection at $94,000, with volatility elevated and sentiment split. According to Axel Adler, BTC sits below the Short-Term Holder cost basis near $100,200 and key moving averages. CryptoQuant data places STH MVRV around 0.92, signaling unrealized losses and persistent sell pressure from short-term holders.

Pi Coin's trading volume surged as PI retested support near $0.20 and briefly bounced in the past few hours, according to CoinCodex. The token has gained 2% over the last 7 days, with buyers repeatedly defending around $0.205. If momentum holds, technicians are eyeing $0.35 as the first resistance, with the 200‑day EMA nearby.

Bitcoin dropped from $94.7K to $90K mid‑week as sentiment turned to fear, while spot BTC ETFs saw $729 million net outflows on January 6–7 after inflows in the first two days of 2026. On January 8, Asian equities fell over 1%, BTC slipped 1.4%, and holding the $89.2K 50‑day MA is pivotal, with recovery hinging on reclaiming the $99.1K short‑term holder cost basis.

Crypto analyst Bird said on X that XRP could be primed for its strongest rally, citing a breakdown in Bitcoin dominance that preceded major XRP surges in 2018, 2021, and 2024. He argues a confirmed drop in BTC.D could push the token into double digits. XRP trades around $2.14, down almost 5% in 24 hours, according to CoinMarketCap.

As 2026 begins, KIMI AI issued end‑year price targets for XRP, Solana and Dogecoin. The model projects XRP near $8, SOL around $400 and DOGE near $0.45, versus recent levels near $2.09, $134 and $0.14. Forecasts hinge on a full bull market and rising institutional adoption.

On January 8, Pi Network's PI traded near $0.20, about 2% higher on the week but 93% below its $3 peak from February last year, per CoinGecko. Traders on X split as critics cited exchange inflows and governance concerns, while others eyed a break from an eight-month downtrend and targets near $0.57 amid scheduled token unlocks.

Dogecoin previously moved from roughly $0.10 to about $0.45 in a late-2024 parabolic rally after a period of sideways trading. If a similar 4.5x surge were to play out from a higher base near $0.15, projections indicate the DOGE price could advance into the $0.60 to $0.67 zone, still short of its $0.76 all-time high.

On Sunday, Shiba Inu (SHIB) rose just over 13%, then since Tuesday slipped about 4% while trading between $0.000007 and $0.000014. A bullish divergence and price breakout are cited as signals for a possible 246–300% move toward $0.000032, amid sustained whale accumulation. At press time, SHIB was $0.00000863, down 1.83%.

On January 8, 2026, analyst Ali Martinez shared UTXO Realized Price Distribution charts indicating Dogecoin faces scarce on-chain support near $0.14, with the next major accumulation area around $0.073. As the crypto market enters its first significant 2026 drawdown, DOGE risks losing $0.10 and momentum above $0.12.

Shiba Inu (SHIB) dipped over the past 24 hours as total crypto market value eased to $3.17 trillion, yet it remains up 22% on the week and 25% in January 2026. Momentum signals remain constructive, with RSI above 50 and a narrowing pennant formation. A decisive move above $0.000010 could open $0.000025–$0.000036, while $0.00010 is cited as a longer-term target.