Technical Analysis

On February 23, 2026, the Coinbase Bitcoin premium moved back above zero after spending most of the month negative since heavy selling on February 6. Market data showed BTC around $66,150 on Binance futures with a 0.40% hourly uptick, while spot was near $65,070 and down roughly 3% for the day.

On February 24, Glassnode said its 90‑day SMA of Bitcoin's Realized Profit/Loss Ratio slipped below 1, marking loss‑dominant selling. The firm noted that such breakdowns have often persisted for six months or longer before liquidity returns. Bitcoin traded near $63,200, down 3.6% on the day and almost 29% over a month.

Bitcoin is approaching a major bearish "death cross" on its three-day chart around February 27, with the 50-day SMA set to cross below the 200-day SMA as the asset trades near $63,158. The cryptocurrency has already dropped more than 52% from its October 2025 high above $110,000 to around $68,000, and analysts warn that historical patterns point to further potential downside toward $40,000 or even $30,000. Recent selling has pushed BTC below the $60,000 support and under both key moving averages, with broader risk-off sentiment and leverage unwinds adding pressure.

On February 10, 2026, XRP Ledger active addresses peaked at 32,684; by February 24 they fell to 14,551, a 55% drop. Active addresses are a key engagement indicator, and the slump coincides with whales moving over 31 million XRP to Binance while price trades near $1.33, raising the risk of a move below $1.

On Feb. 24, trader Cheds Trading posted a weekly DOGE/USD chart on X and said DOGE "looks headed for 6 cents .06 range." The screenshot shows price at $0.09135, below EMA 8 $0.10823, SMA 200 $0.13578, EMA 34 $0.15734 and SMA 50 $0.17912, with Bollinger Bands basis $0.13861 and lower at $0.07328.

On February 23, 2026, Step Finance announced an immediate shutdown after a late‑January breach, with SolanaFloor and Remora Markets also winding down. The hack reportedly drained over 260,000 SOL; STEP plunged nearly 100%, while Remora's rTokens remain redeemable for USDC. SOL slid below $77 amid negative funding and bearish derivatives positioning.

According to crypto trader Surf, Dogecoin is showing a slight weekly RSI uptick against Bitcoin, a setup he says could precede a breakout in the DOGE/BTC pair. Over the past day, Bitcoin fell 4.85% to $63,219 while Dogecoin slipped 5.61%, before recovering to $0.09091 at press time.

The U.S. SEC appointed Taylor Lindman, formerly a senior legal officer at Chainlink Labs, as chief counsel for its Crypto Task Force. According to the report, LINK traded around $8.18 after rebounding from $8.13, with support near $6.80 and resistance at $8.19, while its price is roughly 51% lower year over year.

Espresso (ESP) surged more than 123% over the last 24 hours, hitting a record high of $0.219 as simultaneous listing announcements from South Korea’s top exchanges, Upbit and Bithumb, triggered an explosive wave of accumulation. While technical indicators suggest the rally is currently overextended, the token’s massive volume spike indicates strong buyer conviction as it defies a broader market downturn.

Seeker (SKR) surged more than 41% today, hitting an intraday high of $0.032 as a major listing on South Korea’s largest exchange, Upbit, triggered a massive wave of accumulation. While technical indicators point toward a potential retest of its all-time high, the token’s performance stands in stark contrast to a broader market Extreme Fear phase, with traders eyeing the $0.035 resistance level and a sustained breakout into the $0.040 range.