Classic chuvashov fork + rounded bottom forming. I expect an $EIGEN comeback now that the market is stabilizing. It still has the verifiable AI & app cloud narrative going for it and there aren't many of these infra plays that are interesting.
It's interesting how $XMR's price action has been completely uncorrelated to the rest of the market. And it's been in a surprisingly strong uptrend too.
$BTC took out the local high so I think that it's reasonable to assume a bit of mean reversion back to the POC of the range. But overall still looks pretty solid. 90k is probably a good level to go long again. We'll see when we get there.
It's the spot market that drove today's push higher. It's not even liquidity hunting either because whoever is bidding doesn't seem to care about perp positioning. Perhaps it's simply new year spot positioning. $BTC