Deep Dive
1. Pre-Deposit Campaign Incentives (Bullish Impact)
Overview: Status entered the final stage of its pre-deposit campaign on January 16, 2026, offering a combined reward pool of 15 million SNT and 20 million LINEA tokens (CoinMarketCap). The campaign is designed to stress-test the network's gas-free economic model ahead of a planned mainnet launch.
What this means: This creates a direct, short-term incentive for users to acquire and lock SNT to earn rewards, increasing buy-side pressure. The sizable token allocation signals treasury confidence and can attract speculative interest, especially as the campaign concludes.
What to look out for: Monitor the campaign's conclusion and the subsequent announcement of the gas-free mainnet launch timeline, expected in Q1 2026.
2. Technical Oversold Bounce (Mixed Impact)
Overview: SNT's price is attempting a rebound from recent lows, but technical indicators remain weak. The 7-day RSI of 41.99 suggests the asset was recently oversold, which can trigger short-term buying.
What this means: The 24h gain is more likely a technical correction within a broader downtrend than a fundamental shift. The price remains well below its 200-day Simple Moving Average (SMA) of $0.02097, a key resistance level that defines the primary bearish trend. For the move to sustain, it must break and hold above nearer-term averages like the 30-day SMA at $0.01465.
Conclusion
The 24-hour price increase is a combination of campaign-driven speculation and a minor technical bounce, yet SNT continues to trade in a long-term downtrend. The key test is whether positive developments like the mainnet launch can overcome the prevailing bearish technical structure.
Key watch: Can SNT reclaim and hold above its 30-day SMA at $0.01465, or will it be rejected and resume its longer-term decline?