While Glassnode warns of a massive distribution phase and Peter Brandt projects Bitcoin levels towards $76,000, the infrastructure networks face their own test of fire. The partial government shutdown in the U.S. has frozen regulatory activity, leaving altcoins in a liquidity limbo.
Cardano (ADA): Support at $0.27 is the last frontier
Cardano struggles to maintain the psychological level of $0.27. Historically, this point has served as an accumulation base, but the structural weakness of Bitcoin is dragging the bulls down. If ADA loses this support, the drop could extend to $0.24, invalidating any short-term recovery thesis in an administrative "Shutdown" environment.
Stellar (XLM): Following the shadow of XRP?
Stellar has not been immune to panic. After XRP fell below 1.70, XLM shows a dangerous correlation. Despite its real utility in payments, the Chaikin Money Flow (CMF) suggests that institutions are securing profits. The level to defend for Stellar is the immediate support of $0.17; otherwise, the overall deleveraging will lead it to seek January lows.
Hedera (HBAR): Resilience of Hashgraph under pressure
Hedera shows extreme volatility in the face of deleveraging of long positions. Although the Hedera Governance Council provides stability, the market is punishing the lack of global liquidity. The key for HBAR will be its ability to decouple from Bitcoin's bearish sentiment to avoid a break of its current accumulation channel.
