CoinDesk 20 Index Sees Significant Decline
- Market Pullback Impact: On January 29, 2026, the CoinDesk 20 index dropped by 2.3%, with all constituents trading lower, particularly Avalanche (AVAX) which fell by 4.4% and Polkadot (DOT) by 4.1%, indicating overall market vulnerabilities that affect investor confidence.
- AVAX Price Fluctuation: AVAX's price fell to approximately $10.83, and despite this decline, the absence of commentary from key figures like Emin Gün Sirer has left market sentiment unanchored, exacerbating investor anxiety.
- Lack of Leadership Response: During this market pullback, there were no statements from key leaders such as Gavin Wood regarding the declines in AVAX and DOT, and the absence of expert opinions has contributed to increased uncertainty among investors about future trends.
- Widespread Market Effects: The downturn affected not only AVAX and DOT but also other Layer 1 assets, although no specific governance tokens or DeFi protocols were notably impacted, leaving the overall market sentiment low and the lack of historical trend data complicating comprehensive analysis.
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Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI) As of , DeFi (DEFI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for DEFI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, DEFI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
DeFi (DEFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000197 | 0.000246 | 0.000294 | 0.000343 | 0.000391 | 0.00044 | 0.000488 |
| Fibonacci | 0.000246 | 0.000283 | 0.000306 | 0.000343 | 0.00038 | 0.000403 | 0.00044 |
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