Technical Analysis

Chainlink remains cautiously bullish as long as LINK holds above the $13.20–$13.40 support zone, with tightening price action signaling a potential volatility expansion. Expanding ETF exposure and growing institutional adoption continue to support upside scenarios toward the $14.90–$15.45 range if resistance breaks.

Ethereum is up 14% in 2026, with a major leg on 13 January after a softer U.S. inflation print and President Donald Trump's push for rate cuts. According to Garret Bullish, a self-described White House whale, ETH could target $5,413 in a base case or $7,155 in an aggressive scenario under an Elliott Wave framework. Standard Chartered and other analysts also outline a path for ETH to outperform BTC.

CryptoQuant said Wednesday that Bitcoin derivatives open interest has dropped about 31% since October, a deleveraging move that often coincides with market bottoms. CoinGlass estimates total BTC OI near $65 billion, roughly 28% below the early October peak above $90 billion, while Deribit's $100,000 strike leads with $2.2 billion notional.

Bitcoin climbed more than 5.5% this week, briefly touching $97,000, after U.S. spot Bitcoin ETFs recorded $840 million in inflows over two days. Despite the surge, derivatives and options data suggest the rally is being driven by capital rotation into macro hedges rather than speculative risk-taking.

Dogecoin pulled back from $0.1510 and traded beneath $0.1450, with buyers defending the $0.1420 area. The pair is above about $0.1425 and the 100‑hour SMA, facing resistance at $0.1450, $0.1500, and $0.1510. A close over $0.1510 may target $0.1550, while failure risks dips toward $0.1410 or $0.1350.

According to the analysis using data from Kraken, XRP could not extend above $2.20 and pulled back through $2.150 and $2.120, slipping below the 100-hour Simple Moving Average. Buyers are attempting to defend $2.080 and a trend line support, while $2.120 and $2.150 cap the upside; a break could revisit $2.20.

Chainlink’s price has broken out of a long-running descending channel and is holding above former resistance around the mid-$14 region. Large holders recently withdrew 342,557 LINK worth $4.8 million from Binance, while spot exchange netflows turned negative by about $2.26 million and Open Interest climbed 9.5% to roughly $673.5 million, with funding near 0.0101%. These shifts in supply, leverage, and structure favor bullish continuation as long as price stays above the old channel boundary, though a breakdown could trigger sharper downside if leverage unwinds.

On Thursday, the Crypto Fear & Greed Index registered a 61 "greed" reading, one day after moving to 48 neutral and the first such signal since October. Bitcoin's seven‑day rally took it from $89,799 to a two‑month high of $97,704 on Wednesday. The index had sunk to low double digits in November and December after Oct. 11's $19 billion liquidation.

Ethereum climbed from above $3,220 to a $3,402 high and is now trading over $3,300 and the 100-hourly Simple Moving Average while it consolidates gains. A bullish trend line is forming around $3,280 support, and holding that area could open the way to the $3,400–$3,500 resistance band, while a break lower may expose $3,230 and $3,200. Key intraday indicators show bullish momentum slowing but still keep ETH above the 50 level on the hourly RSI.

Internet Computer ICP advanced 12%, adding about $243 million to reach roughly $1.95 billion in market value. The breakout above a two month downtrend puts $3.78 and $4.34 in focus, with a path toward $5.30 if buyers hold momentum. Community sentiment was 73.68% bullish on 14 January.