BTC is down less than 1% as the market remains choppy.
The leading cryptocurrency could retest the $87k support level before rallying higher.
BTC’s price action remains choppy
The cryptocurrency market continues to underperform as BTC and the other leading coins are in the red. Bitcoin has lost 0.7% of its value in the last 24 hours and is now trading around $89,150.
The broader cryptocurrency market is attempting to stabilize after this week’s sell-off. Bitcoin price started the week on a negative note, closing below key support levels: the 50-day Exponential Moving Average (EMA) at $91,942.
The bulls attempted to defend the $90k psychological level but failed, with Bitcoin retesting the midpoint of a horizontal parallel channel at $87,787 before embarking on a recovery. At the time of writing on Friday, BTC is trading at around $89,175.
Will Bitcoin recover above $91k soon?
If the recovery continues, Bitcoin could extend its rally towards the first major resistance and the 50-day EMA at $91,942.
The Relative Strength Index (RSI) on the 4-hour chart is 39, pointing upward toward the neutral 50 level, indicating fading bearish momentum. For the bullish momentum to be sustained, the RSI must move above the neutral level.
Despite that, the Moving Average Convergence Divergence (MACD) indicator showed a bearish crossover on Tuesday, suggesting a mild downward pressure.
If the recovery fails and Bitcoin’s daily candle closes below the $87,787 support level, it could extend the fall toward the lower consolidation boundary at $85,569.
Currently, the market conditions are choppy, with no clear direction in sight. Bitcoin has eliminated most of the gains it accumulated earlier this month, thanks to the trade tensions between the United States and the European Union (EU) regarding Greenland.
However, while the issue seems to be resolved, Bitcoin’s performance has not significantly improved.
Hedera (HBAR) has intensified its downward trajectory.
The token slipped towards the $0.10 mark amid persistent selling pressure and broader cryptocurrency market weakness.
This decline comes despite the partnership with the McLaren F1 Team.
Hedera’s price fell alongside other cryptocurrencies on Friday, reaching intraday lows near $0.10.
After seeing a sharp decline on January 19, HBAR rebounded slightly to around $0.115.
However, sell-off pressure across the risk assets market has pushed bulls into the woods to leave the brief upside as a mask of a likely deeper rot.
It’s an outlook mirrored across the altcoin ecosystem as Bitcoin struggles below $90,000.
Due to profit-taking amid macroeconomic and geopolitical headwinds, BTC has touched lows of $87,700 and currently hovers around $89,230.
HBAR dips despite McLaren partnership
Struggling altcoins, including HBAR, risk dragging lower. Hedera seems to have failed to capture upside momentum despite the news of a major partnership with McLaren.
The Hedera team announced a multi-year partnership with McLaren Racing on Thursday, revealing that the crypto company is now an Official Partner of the McLaren F1 Team.
Several crypto companies, including Coinbase, Crypto.com and Bybit have previously inked major sports sponsorship deals. Hedera is eyeing expansion via this latest move.
“Working with one of the world’s most recognized sports brands is a big step for the Hedera ecosystem. It gives us a chance to show what Web3 can look like when it’s built on a network people can trust, and when it’s tied to experiences fans actually want,” said Charles Adkins, CEO of HBAR, Inc.
HBAR technical outlook
HBAR’s chart reveals a pronounced bearish structure, with the price well below key moving averages.
The altcoin has been in a prolonged downtrend since it touched highs of $0.35 in January last year.
Technical indicators point to further downside risk, as HBAR breached the $0.12 support earlier this month and now hovers near $0.10, with oscillators like RSI trending lower. Hedera’s token is below all major averages.
If buyers fail to reclaim $0.11, losses could accelerate toward October’s lows around $0.0976.
Hedera’s market capitalization stands at approximately $4.65 billion, reflecting a 65% drop from July 2025 peaks, exacerbated by declining total value locked at $61.5 million and a 16% stablecoin supply reduction over the past week.
HBAR futures traders have ramped up short positions, anticipating continued pressure amid absent ETF inflows.
Analysts note that while a bounce could bring the $0.16 mark into view, current metrics favor consolidation or deeper correction unless Bitcoin stabilizes.
Currently, BTC is facing pressure as investors pile into gold.
PI is down 1.6% in the last 24 hours, reversing some of its Thursday gains.
The bearish performance comes despite Pi Network announcing a creator event and new updates to support easy Pi payment integration.
PI dips below $0.19 as bearish trend resumes
PI, the native coin of the Pi network, has lost 1.6% of its value in the last 24 hours and is now trading above $0.18.
The bearish performance comes despite Pi Network announcing plans on Wednesday to boost the ecosystem, including a creator event, integration of the PI payments system into apps built on the network, and extended access to app creation.
The team revealed that the PI payments support is limited to Test-Pi, and new or non-migrated Pioneers can now deploy app iterations by watching ads instead of paying fees.
Furthermore, Pi Network believes that the ad-supported application building on Pi App Studio could reduce the financial burden of creating Pi applications.
In addition to that, retail demand continues to increase despite PI’s price decline over the past few days. Data obtained from PiScan shows that the users have removed 1.17 million PI tokens from CEXs over the past 48 hours.
The removal from central exchanges will decrease selling pressure on PI as the tokens are transferred to long-term wallets.
PI remains bearish and could dip lower
The PI/USDT 4-hour chart is bearish and efficient as Pi has lost 1.6% of its value in the last 24 hours. PI failed to maintain its rally above the $0.1919 support-turned-resistance level, marked by the October 11 low.
At press time, PI is trading at $0.1839. If the selloff continues, PI could retest the October 10 and January 19 lows at $0.1533 and $0.1502, respectively.
Technical indicators on the 4-hour chart suggest that the bears remain in control. The Relative Strength Index (RSI) is 40, below the neutral 50, while the Moving Average Convergence Divergence (MACD) extends below the signal line.
However, if the bulls regain control and PI closes its daily candle above $0.1919, it could further extend the rally, potentially targeting the December 19 high at $0.2177.
Tether Gold (XAUt) outperforms crypto as investors rotate into gold-backed safety.
Whale accumulation and new liquidity channels reinforce bullish momentum.
Key levels to watch are the support at $4,800 and the resistance at $5,000.
Tether Gold (XAUt) is drawing intense market attention as its price surges alongside a historic rally in physical gold.
The token, which is backed 1:1 by allocated gold stored in Swiss vaults, has benefited directly from growing global demand for safe-haven assets.
As geopolitical tensions, especially in the Middle East, rise and uncertainty weighs on risk assets, investors are increasingly turning to gold and gold-linked digital instruments.
This shift has pushed XAUt firmly into the spotlight as one of the strongest-performing real-world asset tokens in the crypto market.
Tether Gold (XAUt) outperforms a weakening crypto market
XAUt is up 2.3% over the past 24 hours, clearly outperforming a broader crypto market that has remained flat to slightly negative.
This daily move extends an already strong trend, with gains of roughly 7.3% over the last seven days and nearly 10% over the past month.
At the time of writing, Tether Gold (XAUt) is trading near $4,950, just shy of its recent all-time high around $4,960.
The token’s market capitalisation stands at approximately $2.57 billion, supported by a circulating supply of just over 520,000 tokens.
Trading activity has also surged, with more than $220 million in 24-hour volume highlighting growing liquidity and participation.
These figures confirm that XAUt’s rally is not thin or speculative, but backed by meaningful capital flows.
Gold’s safe-haven rally fuels XAUt demand
The primary driver behind XAUt’s surge is the powerful rally in physical gold prices.
Over the past year, gold has climbed nearly 70%, with prices now pushing toward the psychologically critical $5,000 per ounce level.
This move has been fueled by escalating geopolitical tensions, renewed tariff concerns, and growing fears of macroeconomic instability.
Because Tether Gold (XAUt) is directly pegged to the price of physical gold, any sustained upside in gold creates immediate upward pressure on the token.
The redemption and arbitrage mechanisms behind XAUt help keep its price closely aligned with spot gold markets.
As analysts and industry leaders increasingly project gold prices approaching or testing $5,000, sentiment around gold-backed digital assets has strengthened.
This macro-driven demand gives XAUt a structural advantage over many crypto assets that rely primarily on speculative momentum.
Whale accumulation signals defensive positioning
On-chain data suggests that large investors are actively accumulating XAUt as part of a defensive strategy.
Recent reports indicate that several linked wallets purchased more than 3,100 XAUt, worth roughly $13.7 million, at an average price near $4,422.
Another whale reportedly spent over $2 million to acquire more than 430 XAUt just days ago.
These purchases point to a broader rotation from volatile crypto assets into tokenised real-world assets.
Such accumulation adds concentrated buy-side pressure and often precedes sustained price strength.
It also reinforces the narrative that XAUt is increasingly being used as an on-chain hedge rather than a short-term trade.
Liquidity and technical momentum strengthen the trend
XAUt’s recent integration on the Mantle network via Bybit has further improved accessibility and reduced transaction costs.
Bears could target lows of $0.10 if memecoins continue selling off.
The macroeconomic and geopolitical headwinds give bears an upper hand.
Dogecoin continues to exhibit signs of vulnerability amid broader market pressures.
The token’s price hovered lower and hit lows near the critical support level of $0.12.
The intraday decline of 2% aligns with broader losses across the altcoin market.
But with memecoins showing greater weakness, analysts are warning that an extended dip risks deeper pain for DOGE.
Struggles for Pepe, Shiba Inu and other top memecoins are testing investor resilience.
Dogecoin price today
Dogecoin’s price has dipped from above $0.14 to $0.12 in recent sessions.
The drop to a daily low of $0.12 comes amid a 10% slide and 39% crash over the past week and three months, respectively.
Dogecoin now risks slipping under a key psychological barrier.
The heightened selling volume doesn’t help the bulls’ cause.
Dogecoin price outlook amid broader market downturn
Analysts have recently said broader market sentiment reflects fading retail participation.
Heightened concern over macroeconomic conditions and rising geopolitical tensions has pushed Bitcoin sharply lower, with prices falling below $90,000 earlier this week.
The resulting risk-off mood and liquidation pressure have also weighed on memecoins, contributing to a roughly 10% drop in Dogecoin over the past seven days.
Technical indicators continue to point to a weak near-term outlook.
On the four-hour chart, the Alligator indicator remains neutral to bearish, with the green line positioned below the red and blue lines, signalling limited bullish momentum.
Key resistance is seen at $0.1279, while immediate support near $0.1242 is at risk of breaking.
A sustained move lower could open the door to further tests toward $0.10 or below if selling pressure persists.
Dogecoin’s 50-day moving average stands at $0.1356, well above current price levels, which analysts say underscores the short-term downtrend that has been in place since late 2025.
At the moment, DOGE is navigating a descending channel pattern formed since October.
If price fails to hold $0.12, it could further strengthen the bearish structure, with historical patterns like lower highs reinforcing seller dominance.
The asset’s struggle against resistance at $0.14, where prior rallies have faltered, also outlines this negative trend.
Both the RSI and MACD indicators point to short-term selling.
Despite this, a falling wedge structure signals a breakout with potential targets above $0.20. The main bullish goal is to reclaim $0.50.
Potential support for Dogecoin could come from the launch of the 21Shares Dogecoin ETF, an exchange-traded fund endorsed by the Dogecoin Foundation.
Analysts say broader adoption, as investors seek new exposure through a physically backed DOGE product, could provide a tailwind for bullish sentiment.
