23 – 28 February 2026
Bitcoin gained 2.4% to trade near $65,600 within its three-week range, while altcoins including VIRTUAL, ETHFI, and MORPHO surged over 10%, with SOL and ADA each gaining 4.5%. Bitcoin hovered near $86k-$90k while Ethereum attempted gradual recovery. The RSI bounced from oversold to neutral, hinting at consolidation.
BTC/USD Price: $65,600
▲ +2.4% 🔵 Outlook: Neutral | Support: $63,000 · Resistance: $70,000
Week in Review
Bitcoin experienced volatile overnight trading, rising as much as 3.7% before giving back gains to trade up 2.4% around $65,600. The price remains within a range that has persisted over the past three weeks.
Key Drivers: Oversold technical bounce from three-week consolidation range · Improved risk appetite with silver’s 4% jump signaling speculative demand · Stable institutional interest despite mixed macro sentiment
Forward Outlook
The RSI bounced from oversold to neutral territory, hinting at potential consolidation. Bitcoin faces resistance near $68,000-$70,000 after repeated failures to break out. Support at $63,000 remains critical for maintaining near-term bullish structure.
ETH/USD Price: $2,729
▼ -1.2% 🔴 Outlook: Bearish | Support: $2,900 · Resistance: $3,400
Week in Review
ETH traded around $2,729, hovering well below all major EMAs, indicating continued consolidation within a broader downtrend. The RSI at 32.5 near oversold zone suggests potential for a mild rebound.
Key Drivers: Persistent underperformance relative to Bitcoin and major altcoins · Consolidation below key moving averages reflecting weak momentum · Network competition from Layer-1 alternatives like Solana
Forward Outlook
A close above $3,400–$3,565 could confirm a short-term recovery attempt, while failure to hold above $3,000 may extend the decline toward $2,900. Ethereum requires catalyst for breakout as technical structure remains defensive.
VIRTUAL/USD Price: $1.42
▲ +12.8% 🟢 Outlook: Bullish | Support: $1.20 · Resistance: $1.50
Week in Review
VIRTUAL climbed more than 10% during the week, emerging as a top performer during the altcoin rotation. Strong momentum follows increased interest in AI-related tokens and decentralized compute narratives gaining traction.
Key Drivers: AI narrative momentum driving speculative capital rotation · Strong technical breakout above resistance after consolidation · Increased trading volumes reflecting renewed retail interest
Forward Outlook
VIRTUAL shows strength as speculative flows target high-beta AI tokens. Continuation depends on broader altcoin season sustainability and ability to hold recent gains. Profit-taking likely near psychological resistance at $1.50.
MORPHO/USD Price: $2.18
▲ +14.3% 🟢 Outlook: Bullish | Support: $1.85 · Resistance: $2.40
Week in Review
MORPHO posted advances of more than 10%, outperforming the broader market during this week’s altcoin rally. DeFi lending protocol tokens benefited from rotation into utility-driven assets with clear revenue models.
Key Drivers: DeFi sector rotation as investors seek yield-generating protocols · Protocol growth metrics showing strong TVL expansion · Technical breakout from multi-week accumulation zone
Forward Outlook
MORPHO exhibits strong fundamentals as lending protocols capture mindshare in current market conditions. Risk remains tied to overall DeFi sentiment and Ethereum network activity. Watch for resistance near $2.40 level.
ETHFI/USD Price: $1.67
▲ +11.2% 🟢 Outlook: Bullish | Support: $1.45 · Resistance: $1.85
Week in Review
ETHFI climbed more than 10% as liquid staking narrative regained attention amid Ethereum’s technical oversold conditions. Restaking protocols seeing renewed interest as investors position for potential ETH recovery.
Key Drivers: Ethereum restaking thesis gaining traction despite ETH weakness · Liquid staking derivatives capturing institutional attention · Technical bounce from deeply oversold RSI conditions
Forward Outlook
ETHFI benefits from structural Ethereum staking demand despite price weakness. Forward performance tied to ETH’s ability to reclaim $3,000+ levels. Near-term consolidation likely before next leg higher.
HYPE/USD Price: $18.50
▲ +8.7% 🟢 Outlook: Bullish | Support: $16.20 · Resistance: $21.00
Week in Review
HYPE displayed modest gains while Bitcoin and Ethereum dropped, emerging as a bright spot during the market weakness. Only 140,000 HYPE tokens set to unlock in February compared to 1.2 million in January, significantly reducing selling pressure.
Key Drivers: Reduced token unlock schedule alleviating supply overhang concerns · HIP-3 upgrade introducing commodities and equities markets to platform · Decentralized exchange narrative with orderbook model gaining adoption
Forward Outlook
The upcoming HIP-4 upgrade will introduce outcome trading, opening doors to prediction markets. Hyperliquid positioned well as institutional-grade DEX alternative. Momentum sustainable if broader market stabilizes.
⚠️ Risk Events — Next Week
| Event | Date | Impact | Affected |
|---|---|---|---|
| US PCE Inflation Data Release | February 28, 2026 | high | BTC, ETH, broader crypto market |
| SUI Token Unlock (53.82M tokens) | March 1, 2026 | medium | SUI |
| FOMC Minutes Publication | March 3, 2026 | medium | BTC, ETH, risk assets |
Analyst Note
Altcoin season metrics returned to January highs as rotation intensified this week, with DeFi and AI tokens leading. The crypto market maintained a neutral to cautiously optimistic outlook through February 2026, with overall stability backed by improving macro conditions and steady institutional investment. Selective altcoin strength suggests tactical opportunities remain despite Bitcoin’s rangebound behavior.
This report is for informational purposes only and does not constitute financial advice. Published by Elven Financial Research.