Ethena's ENA token climbed back above the $0.1 mark as its daily trading volume rose 66% and prices advanced 5.08%. Open Interest increased 11.55% while the token rebounded from support near $0.094, but technical signals suggested this move could be a short-lived retracement toward $0.120-$0.125 rather than a sustained bullish reversal.

PEPE has fallen 2.66% in the last 24 hours and 14.71% over the past week, making it one of the weakest major memecoins as it retests local support near $0.00000342. Technical indicators on both the daily and hourly charts show a bearish structure with declining OBV and weak RSI, suggesting sellers remain in control. Traders are watching the $0.00000358–$0.0000037 retracement zone for potential short setups, while a move above $0.00000379 would invalidate this view.

PUMP's price has stayed locked in a range between $0.0017 and $0.0034 since December, with a recent shift toward a bearish bias as the $0.00225 higher low gave way. Despite a 7.9% daily gain and a 9.61% rise in trading volume, indicators show indecision, and traders are cautioned to treat rallies toward $0.0022–$0.0024 as potential liquidity hunts and be ready to sell into short-term strength if real spot demand fails to appear.

Over the past week, Bitcoin's swings coincided with mixed altcoin performance, as DOT climbed 18.4% from a $1.36 open and NEAR gained 15.94%. In contrast, BCH fell 21.1% and PEPE dropped 11.43%, while sector metrics noted a 0.57% decline for altcoins excluding ETH.

Hyperliquid's HYPE token bounced 19.73% from a low of $25.63 on Monday, 23 February, keeping its broader market structure bullish. Analysts expect a pullback toward the $27.27–$28.17 Fibonacci golden pocket to offer a potential entry, with upside levels at $38 and $42 while a drop below $26.1 could negate the short-term bullish view.

Solana climbed from $75.6 to $92.1 in a 21.78% move over 32 hours, but then slipped back toward the lower end of its February range. Derivatives data, on‑chain Coin Days Destroyed, and a bearish weekly structure point to persistent selling pressure and a long‑term extension target near $47.93. Traders are watching the $76 range lows and Bitcoin's ability to hold $64k–$66k for clues on the next major move.

Options positioning indicated elevated caution, with Glassnode noting 47% implied volatility on 1‑month and 3‑month contracts that implies a 14% move over the next 30 days. CryptoQuant Insights observed the Coinbase Premium briefly turned positive for the first time since December but said it must stay above zero for 3–5 days to confirm U.S. demand, while realized volatility hit 0.83 earlier this month.

In the first week of February, Bitcoin’s MVRV Z-score dropped to -3.38, far below the roughly -1.6 and -1.4 readings seen at the December 2018 and November 2022 cycle lows. Around 24-25 February, BTC swung between $62.5k and $70k before retracing to about $66k, while on-chain indicators such as NUPL and long-term holder MVRV suggested that a full capitulation phase and durable reaccumulation could still be some distance away.

Dogecoin sits at a key technical area amid what looks like a rare historical discount. The "days spent at profit" metric reached 1100, an all-time high that implies many holders are underwater. MVRV bands suggest the coin has historically hovered near or below 0.8x realized price for about two years before recovering, with realized price at $0.140.