Technical Analysis

Bitcoin is consolidating below the $95K resistance after a sharp November sell-off, trading inside a rising wedge on both the daily and 4-hour charts. Price remains capped under the 100-day and 200-day moving averages near $98K and $105K, while key support sits in the $88K–$80K zone. A negative Coinbase Premium Index points to softer U.S. spot demand, suggesting any break above $95K and toward $100K should be viewed cautiously.

According to BlockchainCenter's Ethereum Rainbow Chart, ETH's valuation bands for January 31, 2026 span from $993 at the low end to $22,453 at the top. At press time, Ethereum traded near $3,102, down less than 0.1% over 24 hours and over 2% week-on-week, placing it in lower-mid zones of the model.

Ethereum is trading near $3,140 after spending roughly two months in a $2,600–$3,350 range, with the broader trend still unclear. Analysts are monitoring resistance around $3,350 and upside zones toward $3,800 and potentially $4,000–$7,000 if a decisive breakout occurs.

On 12 January 2026, Solana's price hovered just under a key resistance zone around $145 after briefly touching the mid-$140s. Network data shows weekly new wallet creation has dropped from about 30.2 million at its November 2024 peak to roughly 7.3 million, raising doubts about the strength of the current move. Traders are watching whether a rebound in on-chain activity and speculation over a potential X integration can support a sustained breakout.

Bitcoin whale balances shifted to net accumulation over the past 30 days in early January as price action stayed relatively muted. An analyst flagged a weekly close above $88,500 as a key trigger after roughly eight weeks above $80,000, noting $76,600 as near-term risk and upside markers around $97,636 to $110,709.

Since October 13, 2025, Bitcoin short-term holders have been selling coins below their purchase prices, with the weekly STH SOPR stuck under 1.0 and a Z-Score at -0.58. As of January 11, the 7-day STH SOPR stands at 0.994 and the daily value at 0.9817, indicating a loss-dominated environment that may only shift once the 7-day average climbs back above 1.0 and the Z-Score turns positive.

On 12 January 2026 at 09:35, analyst Ran Neuner said the crypto market appears to be leaving a free‑fall phase and building a tentative base, with Bitcoin breaking a short‑term downtrend and defending former resistance. He cautioned that a major long‑term resistance lies ahead, while broader participation and venue spreads imply confidence is returning but still unconfirmed.

An anonymous 4chan poster known for previous Bitcoin cycle calls has outlined fresh macro targets, projecting BTC at $200,000, ETH at $10,000 and SOL at $1,000 in 2026. The outlook ties these levels to shifting liquidity dynamics and rotation into higher-risk assets, while Solana’s recent move to around $141, with support defended near $128–$131, keeps technical sentiment constructive despite moderating network growth.

Monero (XMR) has surged back into price discovery, trading near $577 after a 19% daily jump, as capital rotates into privacy coins amid rising regulatory and governance risks elsewhere. Strong volume, a clean daily breakout, and spillover from Zcash’s governance crisis have positioned XMR as the primary beneficiary of renewed demand for censorship-resistant assets in early 2026.

Solana's price extended above $140 and is consolidating near $142 on the hourly chart. Based on Kraken's SOL/USD data, trendline support sits at $138, while resistance levels are $144 and $145; a close above $150 could open $162 and $170. If $145 holds, supports are $142 and $140, with the 50% Fib of $135–$144 near $140.