The crypto market is still in full panic mode. The Crypto Fear and Greed Index sits at 8 points—extreme fear territory—just barely above the all-time low of 5 hit on February 6. But even in a sea of red, there’s some hopium for degens to breathe. The global crypto market cap ticked up 4.3% today to $2.36 trillion, but that's a modest bounce considering that around $2 trillion have been wiped out in recent weeks. On Myriad, a prediction market developed by Decrypt’s parent company Dastan, traders are pri ...

Core Insights - The SKR token has experienced a significant rally, increasing over 200% in the past 24 hours, currently trading near $0.041 after reaching highs close to $0.059, following a large Solana ecosystem airdrop [1] - Despite initial selling pressure from airdrop recipients, the price recovery indicates strong underlying support from smart money and whales, suggesting a speculative rally with structural backing [1][4] Selling Pressure and Exchange Dynamics - Exchange balances of SKR rose by approximately 51%, totaling about 380.9 million tokens, indicating that around 129 million SKR were moved to exchanges, likely for quick profits by airdrop recipients [2] - The initial selling pressure briefly pushed the price below the Volume Weighted Average Price (VWAP), which typically signals aggressive selling [2][3] Price Recovery and Support Levels - The price of SKR quickly reclaimed the VWAP, with the 9-period exponential moving average (EMA) providing support, indicating a strong short-term trend [5][6] - The 21-period EMA was not tested, suggesting that sellers were unable to induce deeper weakness, and the pullback was absorbed, reflecting controlled profit-taking rather than a trend breakdown [7] Accumulation by Smart Money and Whales - Non-exchange wallets accumulated more SKR than what was sold on exchanges, with the top 100 addresses (mega whales) adding approximately 144 million SKR, raising their total holdings to about 8.3 billion tokens [8] - Standard Seeker whale wallets increased their holdings by about 25.6 million SKR, totaling roughly 133.8 million tokens, while smart money wallets added 2.4 million SKR, marking a 32.5% increase in that cohort [9]

Core Viewpoint - XRP has experienced a pullback after a recent rally, but the underlying price structure remains positive, with a potential upside of approximately 34% if the inverse head-and-shoulders pattern completes successfully [1][2]. Price Structure - The recent dip in XRP is contributing to the formation of the right shoulder of an inverse head-and-shoulders pattern, which remains valid as long as the price stays above $1.77. A confirmed breakout above the neckline could target around $3.34, representing a 34% increase [2]. Technical Indicators - A significant technical development is occurring with the 20-day exponential moving average (EMA) approaching the 50-day EMA, indicating a potential golden crossover. This crossover typically signals improving momentum and trend stabilization, favoring continuation rather than a breakdown [3]. Momentum Data - The Money Flow Index (MFI), which tracks the flow of money into or out of XRP, has been trending higher despite the price decline since early November, indicating that demand is building even during pullbacks [4]. Buyer Behavior - On-chain data reveals that two groups of large holders (whales) are actively accumulating XRP. Wallets holding between 1 million and 10 million XRP increased their balances from approximately 3.54 billion to 3.55 billion tokens, demonstrating consistent buying behavior even during price dips [6]. Accumulation Patterns - Larger holders, those with between 10 million and 100 million XRP, initially reduced their exposure during the rally but began accumulating again as the right shoulder formed, increasing their holdings from about 11.07 billion to 11.13 billion XRP, which equates to an addition of roughly 60 million tokens or about $130 million in renewed accumulation [7].

Core Viewpoint - Cardano's price has increased nearly 21% over the past week and around 7% in the last 24 hours, indicating strong performance among large-cap cryptocurrencies. However, momentum indicators suggest a potential cooling phase, leading to a range-bound market before the next directional move [1]. Price Movement and Trends - Cardano is trading within a rising trend structure on the 12-hour chart, with a bullish signal from a potential exponential moving average (EMA) crossover between the 20-period and 50-period EMAs [2]. - The mid-term trend for Cardano remains bullish, supported by the EMA setup, but momentum indicators indicate a slowing trend [3]. Momentum Indicators - A hidden bearish divergence is noted, where Cardano's price trended lower while the Relative Strength Index (RSI) trended higher, suggesting slowing momentum rather than a trend reversal [4]. - If the next price candle forms below $0.43, it would confirm a lower-high price formation, increasing the risk of a pullback [5]. On-Chain Data Insights - On-chain data indicates that a significant pullback is unlikely, as the movement of coins shows holders are not panicking. The Spent Coins Age Bands indicate a decrease in spending among both short-term and long-term holders [6]. - Short-term ADA holders (7–30 days) saw a sharp decline in spending from approximately 58.7 million ADA to 4.1 million ADA, an 87% drop, while very long-term holders (2–3 years) decreased from about 3 million ADA to 382,000 ADA, a 93% decline [7]. - This data suggests that both short-term traders and long-term investors are exercising patience, with no signs of panic selling or aggressive profit-taking following the recent rally [8].

Core Viewpoint - Pi Coin has experienced a 7% drop in the last 24 hours, but its monthly performance remains relatively strong with an 8.7% increase, outperforming Bitcoin and Ethereum [1] Market Performance - The recent decline in Pi Coin's price is part of a broader market pullback, with Bitcoin and Ethereum seeing losses of approximately 21% and 26% respectively over the same period [1] - The price drop was initiated by a bearish crossover on the 12-hour chart, where the 20-period exponential moving average (EMA) fell below the 100-period EMA, indicating short-term downward momentum [1][2] Internal Metrics - The Relative Strength Index (RSI) shows a hidden bullish divergence, indicating potential for upward movement despite the recent price drop [3] - The Chaikin Money Flow (CMF) has increased significantly, suggesting that large investors may be gaining control, which historically correlates with price increases [5] Price Levels and Rebound Potential - For a rebound to be confirmed, Pi Coin needs to close above $0.238, representing a 4% increase from the current price of approximately $0.229 [7] - A successful close above $0.238 could lead to resistance levels at $0.255 and $0.266, with a potential retest of $0.284 if the broader market improves [8] - On the downside, maintaining support around $0.225 and $0.223 is crucial; losing these levels would negate the bullish divergence and shift focus to a demand area near $0.209 [8]

Core Insights - The price of Virtuals Protocol (VIRTUAL) has decreased by 8% in the last 24 hours but remains up nearly 79% over the past week, indicating a potential pause before further upward movement if it maintains above a key support level [1] Accumulation by Mega Whales - Mega whale wallets, comprising the top 100 VIRTUAL addresses, have increased their holdings by 0.06% to 966.01 million tokens, adding approximately 0.58 million VIRTUAL during the recent dip [2] - This accumulation suggests that large holders perceive the current price correction as temporary, while smaller holders are taking profits [3] Market Signals and Trends - The 100-period Exponential Moving Average (EMA) has crossed above the 200-period EMA, indicating a bullish trend in the short term [5] - The Money Flow Index (MFI) is showing signs of upward movement, indicating a return of buying power, particularly from retail traders reacting to whale activity [6] Price Patterns and Projections - VIRTUAL has recently broken out of a flag-and-pole pattern near $1.42, with a projected price target of $3.34, representing a potential gain of 133% from current levels [7] - To confirm renewed strength, the token must close a full 4-hour candle above $1.65, with recent price action showing a higher low while the Relative Strength Index (RSI) made a lower low [8]