Latest RSS3 (RSS3) Price Analysis

By CMC AI
02 February 2026 04:29AM (UTC+0)

Why is RSS3’s price down today? (02/02/2026)

TLDR

RSS3 fell 5.13% over the last 24h, underperforming the broader crypto market (-3.83%) and extending its 7-day decline to -12.29%. Here are the main factors:

  1. Technical Breakdown – Price broke below key support at $0.00967, triggering bearish momentum.

  2. Market-Wide Risk Aversion – Extreme fear sentiment (CMC Fear & Greed Index: 15) pressured altcoins.

  3. Low Network Demand – Query fees and staking activity haven’t offset selling pressure.

Deep Dive

1. Technical Breakdown (Bearish Impact)

Overview: RSS3 broke below the Fibonacci 78.6% retracement level ($0.00967) on February 1, 2026, with the RSI14 at 40.85 signaling weakening momentum. The MACD histogram turned negative (-0.00015227), confirming bearish control.
What this means: Technical traders likely liquidated positions after the breakdown, exacerbated by thin liquidity (turnover ratio: 0.222). The next support sits at the 2025 low of $0.00959. A close below this level could target $0.00850.
What to look out for: Whether the price stabilizes above the 2025 low – a breach could accelerate selling.

2. Market-Wide Risk Aversion (Bearish Impact)

Overview: The crypto market cap fell 3.83% amid extreme fear sentiment (index: 15), with altcoins underperforming Bitcoin (BTC dominance: +59.24%). RSS3’s beta to crypto markets magnified the drop.
What this means: Investors rotated into safer assets during the selloff, and RSS3’s high volatility (-35.96% over 60d) made it a target for risk reduction. Derivatives data shows open interest fell 3.42%, indicating leveraged traders exited positions.

3. Stagnant Network Metrics (Neutral Impact)

Overview: Despite November’s infrastructure upgrades (RSS3 Foundation), recent data shows no surge in protocol usage. The token’s value accrual depends on query fee demand, which remains muted.
What this means: Without clear catalysts like partnerships or usage spikes, the token struggles to attract buyers in a risk-off environment.

Conclusion

RSS3’s drop reflects technical triggers and macro caution, compounded by its high-volatility profile. While the project continues building its decentralized data layer, near-term price action hinges on whether Bitcoin stabilizes and if network activity rebounds.

Key watch: Can RSS3 hold the $0.00959 support, and will the Fear & Greed Index exit “extreme fear” this week?

Why is RSS3’s price up today? (29/01/2026)

TLDR

RSS3 rose 1.02% over the last 24h. This modest gain aligns with a positive 30-day trend (+6.14%) but lacks strong volume confirmation, as 24h trading volume fell 47.77%. Here are the main factors:

  1. Project Development Updates – Recent Foundation Letters highlighted infrastructure upgrades and 404M+ data requests in October 2025, reinforcing long-term utility.

  2. Technical Consolidation – Price is testing a key Fibonacci resistance level near $0.01169, with neutral RSI suggesting a pause in recent selling pressure.

  3. Low-Conviction Market Move – The uptick occurred on sharply lower volume, indicating a lack of broad market participation or strong new buying.

Deep Dive

1. Project Development Updates (Bullish Impact)

Overview: The RSS3 Foundation released updates in its September and October 2025 Foundation Letters, detailing core infrastructure upgrades and reporting over 404 million data requests served in October (RSS3). These communications emphasize network reliability and growing usage.

What this means: Consistent development updates can bolster investor confidence in the project's roadmap and real-world utility. The reported surge in data requests (from 19M/month in 2021 to 404M+ in October 2025) signals expanding adoption of the Open Information Layer, which could translate to future demand for the RSS3 token as the network's fee and staking asset.

What to look out for: Continued growth in network metrics like monthly active users or query fees, which would directly link usage to token value.

2. Technical Consolidation (Mixed Impact)

Overview: The price is currently interacting with the 78.6% Fibonacci retracement level at $0.01169, drawn from a prior swing high and low. The 14-day RSI sits at 51.31, indicating neither overbought nor oversold conditions.

What this means: After a significant downtrend over 90 days (-54.68%), the price finding support near a major Fibonacci level can attract technical buyers looking for a reversal. The neutral RSI suggests the aggressive selling pressure has abated, allowing for a minor rebound. However, until price decisively breaks above this resistance, the move remains vulnerable to rejection.

3. Low-Conviction Market Move (Bearish Context)

Overview: The 24h price increase of 1.02% was accompanied by a 47.77% drop in trading volume to just over $3 million. The broader crypto market is in "Fear" territory with an index of 37.

What this means: Rising price on falling volume often signals weak conviction and a lack of sustained buying interest. It suggests the move may be driven by a limited pool of buyers rather than a fundamental shift in sentiment. In a fearful macro environment, such low-volume bounces are common but can reverse quickly if broader market sentiment worsens.

Conclusion

The 24-hour price increase for RSS3 appears driven by a combination of positive project-specific updates and a technical pause in selling, but it lacks the robust volume needed to confirm a strong trend reversal. For holders, this suggests cautious optimism is warranted, with the need to watch for sustained network growth to support higher prices.

Key watch: Can RSS3 break and hold above the $0.01169 Fibonacci resistance on increasing volume, or will it retreat back into its longer-term downtrend?

CMC AI can make mistakes. Not financial advice.