VET is under downtrend pressure at the 0.01 dollar level; critical supports at 0.0066 and 0.0069 dollars. While Bitcoin's decline pressures altcoins, the RSI oversold signal gives hope for recovery.
The enhanced price volatility this week continues, as bitcoin has started to lose value rapidly once again, dropping to a multi-day low of well under $63,600. The latest leg down was likely prompted by the quickly escalating global tension, especially between the two old enemies – Iran and Israel. The breaking story started to develop less than half an hour ago on Saturday morning when multiple news outlets reported that Israel had launched an “preemptive attack” against Iran. The former’s Defense Minister, Israel Katz, announced a state of emergency within the country because they expect retaliation from Iran by drones and other strikes. Similar instances in the past have impacted bitcoin’s price, and this time is no different. Given the fact that the cryptocurrency space is the only financial market open during the weekend, the effects were immediate. In the span of just minutes, bitcoin went from $66,000 to $63,600 before recovering some ground to $64,000. However, the asset is down by over four grand since yesterday when it was rejected at $68,000. Before that, it peaked at $70,000 on Wednesday after it bounced from a multi-week low of $62,500 marked a day earlier. The altcoins have experienced similar volatility, with many dropping by 2% or more in the past hour alone. Consequently, the liquidations are on the rise again, hitting $450 million on a 24-hour scale. $185 million from the total came in just the last hour. Liquidation Data on CoinGlass The post BREAKING: Bitcoin’s Price Plunges Below $64K as Israel Attacks Iran appeared first on CryptoPotato .
Shiba Inu is entering the weekend under significant strain. On-chain data reveals that more than 531 billion SHIB tokens were transferred to exchanges within a single day. That figure is not routine. It signals a meaningful shift in market behavior, tilting conditions toward sellers rather than buyers. Exchange inflows of this magnitude matter because tokens sent to trading platforms become immediately available for sale. When inflows spike sharply and without prior accumulation signals, the dominant interpretation is distribution, not positioning for growth. Traders appear to be preparing to offload holdings rather than build them. Weekend sessions compound the risk. Cryptocurrency markets typically experience thinner liquidity on Saturdays and Sundays. Fewer active buyers mean that even moderate sell orders can generate outsized price movement. If the current inflow trend continues into the weekend, Shiba Inu's price could face sharper swings than the broader market might otherwise absorb. At the time of writing, Shiba Inu trades at around $0.00000571, down 5.03% in the last 24 hours. Technical Structure Remains Weak SHIB's price action offers little encouragement. The token continues to trade below key moving averages, including the 26-period EMA and longer-term trend indicators. This positioning confirms that bearish momentum has not broken down. Buyers have not demonstrated the sustained conviction necessary to flip the trend. Recent consolidation attempts have produced narrow trading ranges near local lows. Each stabilization effort has failed to generate meaningful upward follow-through. Volume during these brief recovery phases has remained well below levels seen during prior rallies. That contrast is important. Without volume, price recoveries lack structural credibility. Short rebounds have emerged, but they have been consistently absorbed by sellers. No significant structural change has taken hold. The asset shows fatigue rather than preparation for a breakout. SHIB is compressing, not building momentum. Inflow Data Points to Distribution, Not Accumulation The on-chain inflow chart tells a clear story. Activity has pushed well above recent averages in a compressed timeframe. Movements of this scale, over half a trillion tokens in under 24 hours, do not typically reflect long-term holders increasing their conviction. They reflect repositioning ahead of potential exits. Distribution phases often look calm on the surface. Prices may hold relatively stable while large quantities of tokens quietly migrate to exchanges. The stability is deceptive. It reflects a temporary balance between supply arriving on exchanges and residual buying demand absorbing it. When that demand fades, prices drop.
QNT market structure maintains the downtrend with LH/LL, $64.31 BOS is critical for bullish reversal. BTC decline increases pressure on altcoins, bearish accelerates below $61.60.
Representatives Scott Fitzgerald, Ben Cline, and Zoe Lofgren introduced the bill to Congress on February 26, seeking to protect software developers who write blockchain applications that don’t handle custody of funds from legal actions and criminal prosecution under Section 1960, Title 8. Promoting Innovation in Blockchain Development Act Introduced In Congress With Bipartisan Support The
ALGO volume at low levels; despite the price drop, selling pressure is weak, signaling accumulation. Even as market participation decreases, divergences carry reversal potential.
Inside Jane Street’s playbook - Extreme Bitcoin shorts don’t always signal a squeeze!
An analyst has pointed out where Solana support levels could lie based on a Parallel Channel forming in the asset’s weekly price chart. Solana Parallel Channel Could Indicate Support At These Levels In a new post on X, analyst Ali Martinez has discussed how support is looking for Solana from the perspective of a Parallel Channel that may be emerging in its 7-day price. Related Reading: XRP Triangle Could Point To Support Between $0.60 And $0.90 The “Parallel Channel” is a pattern from technical analysis (TA) that forms whenever an asset trades between two parallel trendlines. There are a few different ways a Parallel Channel can be categorized based on the orientation of its trendlines. Ascending Channels involve lines that are pointing up, while Descending Channels have a downward slope. These types correspond to periods of parallel consolidation to a net upside and downside, respectively. In the context of the current topic, the third and the most basic type is of interest: a Parallel Channel that’s parallel to the time-axis. As the price moves inside such a channel, it observes a phase of perfectly sideways action. Now, here is the chart shared by Martinez that shows the Parallel Channel that the weekly price of Solana has potentially been moving inside in recent years: As displayed in the above graph, Solana retested the upper level of the Parallel Channel a couple of times during 2025. Each time, the price ended up topping out and a decline followed. The upper line of a Parallel Channel is considered to be a source of resistance, so these rejections may have been signs of the pattern being in action. Since the latest rejection, SOL has been moving down in a sharp manner as the cryptocurrency sector as a whole has observed a bearish shift. So far, the coin is still contained inside the upper half of the channel, but if momentum weakens, it might end up traveling lower. According to the analyst, these levels could act as support in such a scenario: $50.22, $22.47, and $9.98. These levels correspond to a point 50%, 75%, and 100% down the channel, respectively. Solana last tested the lower-most of these levels during the bear market of the previous cycle. Back then, it had helped the cryptocurrency reach a bottom. It now remains to be seen which direction the asset will go next and if a retest of any of these levels will take place. Related Reading: Ethereum Still Undervalued As Bitcoin, XRP Sit Near Neutral, Santiment Says SOL isn’t the only cryptocurrency observing a Parallel Channel setup. As Martinez has highlighted in another X post, the monthly price of Stellar (XLM) has also been moving down such a pattern, with possible support levels existing at 0.147, 0.078, and 0.041. SOL Price At the time of writing, SOL is floating around $81, down 5.5% in the last 24 hours. Featured image from Dall-E, chart from TradingView.com
ARB market structure in LH/LL downtrend; swing support test at $0.10 is critical. Bearish BOS below $0.0973 targets $0.0496, while bullish CHoCH requires a close above $0.1079.
Ripple's XRP endured a choppy week, trading sideways on Friday after a turbulent stretch across the broader cryptocurrency market.