Daily Crypto Analysis
Introduction
Cryptocurrency markets remain under pressure as investors brace for key US inflation data and reassess Federal Reserve rate expectations. Bitcoin, Ethereum, XRP, and Dogecoin are all showing technical weakness, with broader risk-off sentiment and fading bullish momentum driving cautious positioning across the digital asset space.
Markets In Focus Today – BITCOIN
Bitcoin slips to $66K, on track for a fourth consecutive weekly decline ahead of key US CPI data.
Bitcoin hovered near $66,000 on Friday, extending its subdued price action and remaining on track for a fourth consecutive weekly loss. Investor sentiment has stayed cautious amid broader weakness in risk assets and ahead of the release of key US inflation data later in the day. For the week, Bitcoin is down nearly 6%, marking its fourth straight weekly decline. Despite rebounding from earlier lows, the cryptocurrency has struggled to build sustained upside momentum and has drifted back toward last week’s support area around $60,000. Markets are closely watching the upcoming US Consumer Price Index (CPI) report, which is expected to offer fresh clues on inflation dynamics and shape expectations for the Federal Reserve’s interest-rate trajectory. Earlier this week, stronger-than-expected US labor market data, including solid payroll growth and a drop in the unemployment rate, dampened expectations of near-term rate cuts, adding further pressure to risk-sensitive assets like Bitcoin.
Technical Overview With Chart :
Moving Averages :
Exponential :
- MA 10 : 69830.1024 | Negative Crossover | Bearish
- MA 20 : 74503.4591 | Negative Crossover | Bearish
- MA 50 : 82052.9558 | Negative Crossover | Bearish
Simple :
- MA 10 : 68483.4700 | Negative Crossover | Bearish
- MA 20 : 75837.2660 | Negative Crossover | Bearish
- MA 50 : 84949.6594 | Negative Crossover | Bearish
RSI (Relative Strength Index) : 30.8579 | Sell Zone | Bearish
Stochastic Oscillator : 25.8308 | Sell Zone | Neutral
Resistance And Support Levels :
- R1 : 92551.7407 R2 : 97796.1327
- S1 : 75574.1327 S2 : 70329.7407
Overall Sentiment : Bearish Market Direction : Sell
Trade Suggestion : Limit Sell : 69041 | Take Profit : 63707 | Stop Loss : 73145
ETHEREUM
Ethereum deepens its pullback after being unable to secure a close above the critical $2,149 resistance level.
Ethereum revisited the 78.6% Fibonacci retracement level near $2,149 on Monday but faced firm rejection, sliding nearly 8% through Wednesday. As of Friday, ETH is trading around $1,949. If the bearish momentum persists, the price could drift lower toward the February 6 trough at $1,747. Conversely, a decisive daily close above $2,149 would signal renewed strength and potentially open the door for a move toward the next resistance zone near $2,500.
Technical Overview With Chart :
Moving Averages :
Exponential :
- MA 10 : 2077.1357 | Negative Crossover | Bearish
- MA 20 : 2288.9372 | Negative Crossover | Bearish
- MA 50 : 2649.8226 | Negative Crossover | Bearish
Simple :
- MA 10 : 2017.8290 | Negative Crossover | Bearish
- MA 20 : 2338.5230 | Negative Crossover | Bearish
- MA 50 : 2797.3858 | Negative Crossover | Bearish
RSI (Relative Strength Index) : 29.0581 | Sell Zone | Bearish
Stochastic Oscillator : 17.8770 | Sell Zone | Neutral
Resistance And Support Levels :
- R1 : 3137.1060 R2 : 3408.4706
- S1 : 2258.6206 S2 : 1987.2560
Overall Sentiment : Bearish Market Direction : Sell
Trade Suggestion : Limit Sell : 2070.2 | Take Profit : 1842.0 | Stop Loss : 2248.6
RIPPLE
XRP extends its decline after encountering resistance near the lower boundary of its trendline.
XRP has entered a corrective phase after failing to overcome a key resistance barrier. On February 6, the token retested the previously broken trendline of a falling wedge pattern but encountered renewed selling pressure, slipping around 7% through Thursday. As of Friday, XRP is trading below the $1.36 mark. Should the bearish momentum persist, the price could move lower toward the weekly support level near $1.30. On the other hand, a decisive break and daily close above the lower boundary of the pattern would signal renewed bullish strength, potentially paving the way for a recovery toward the 50-day Exponential Moving Average around $1.79.
Technical Overview With Chart :
Moving Averages :
Exponential :
- MA 10 : 1.4333 | Negative Crossover | Bearish
- MA 20 : 1.5508 | Negative Crossover | Bearish
- MA 50 : 1.7621 | Negative Crossover | Bearish
Simple :
- MA 10 : 1.3978 | Negative Crossover | Bearish
- MA 20 : 1.5754 | Negative Crossover | Bearish
- MA 50 : 1.8393 | Negative Crossover | Bearish
RSI (Relative Strength Index) : 32.4111 | Sell Zone | Bearish
Stochastic Oscillator : 34.7252 | Sell Zone | Neutral
Resistance And Support Levels :
- R1 : 2.2032 R2 : 2.4187
- S1 : 1.5057 S2 : 1.2902
Overall Sentiment : Bearish Market Direction : Sell
Trade Suggestion : Limit Sell : 1.40 | Take Profit : 1.22 | Stop Loss : 1.54
DOGECOIN
Dogecoin slips under $0.09 as broader market weakness overshadows Musk-driven optimism.
Dogecoin’s decline has mirrored the broader downturn across the cryptocurrency market. Bitcoin’s drop below the $65,000 mark and key support zones sparked widespread liquidations, weighing heavily on higher-risk assets such as meme coins. Technically, Dogecoin has slipped beneath the $0.10 and $0.0950 support levels, briefly dipping toward the $0.08 area. The price continues to trade below important moving averages, reinforcing the prevailing bearish structure. Momentum indicators remain tilted to the downside, although some oscillators are nearing oversold territory. Rising trading volume during the sell-off suggests strong market participation rather than low-liquidity conditions. The near-term outlook now largely depends on broader macroeconomic developments.
Technical Overview With Chart :
Moving Averages :
Exponential :
- MA 10 : 0.0968 | Negative Crossover | Bearish
- MA 20 : 0.1040 | Negative Crossover | Bearish
- MA 50 : 0.1188 | Negative Crossover | Bearish
Simple :
- MA 10 : 0.0952 | Negative Crossover | Bearish
- MA 20 : 0.1049 | Negative Crossover | Bearish
- MA 50 : 0.1226 | Negative Crossover | Bearish
RSI (Relative Strength Index) : 33.6918 | Sell Zone | Bearish
Stochastic Oscillator : 32.2313 | Sell Zone | Neutral
Resistance And Support Levels :
- R1 : 0.1420 R2 : 0.1566
- S1 : 0.0950 S2 : 0.0804
Overall Sentiment : Bearish Market Direction : Sell
Trade Suggestion : Limit Sell : 0.09 | Take Profit : 0.08 | Stop Loss : 0.10
Elsewhere In The Crypto Market
Bitcoin up (1.14%) at 66962, Ethereum up (0.53%) at 1956.02, Litecoin up (2.14%) at 53.36, Solana up (3.35%) at 81.94, Dogecoin up (1.09) at 0.093.
Key Economic Events & Data Release Today:
(USD) U.S. CPI (MoM) (Jan) (Forecast 0.3%, Previous 0.3% at 19:00. (USD) U.S. CPI (YoY) (Jan) (Forecast 0.3%, Previous 0.2% at 19:00.
