Deep Dive
1. Binance Network Adjustments (Mixed Impact)
Overview: Binance halted DATA transfers via BNB Chain and Polygon on January 16, 2026, to streamline operations and reduce technical risks (source). While initially bearish, the 24h price rise suggests reduced uncertainty as users adapted to alternative networks.
What this means: The deadline for affected transfers has passed, lowering immediate sell pressure from stranded assets. Trading remains active on other networks, and the resolution of operational risks may have restored short-term confidence.
What to look out for: Sustained liquidity on alternative networks (e.g., Ethereum) and Binance’s next review of DATA’s monitoring tag (added January 2, 2026).
2. Oversold Technical Rebound (Bullish)
Overview: DATA’s RSI14 hit 31.89 (approaching oversold territory) before the rally, while its price ($0.00433) trades below the 7-day SMA ($0.00444) but above the pivot point ($0.00397).
What this means: Short-term traders likely capitalized on oversold conditions. The MACD histogram (-0.000089) shows bearish momentum, but the bounce from the $0.00374 swing low aligns with a 78.6% Fibonacci retracement level ($0.00440), a key resistance to watch.
3. Market Sentiment Shift (Neutral)
Overview: The broader crypto market rose 0.45% in the last 24h, with altcoin season sentiment improving (+76.47% over 30d). DATA’s 24h volume ($1.85M) rose 10% vs. the prior period, signaling renewed interest.
What this means: DATA’s rebound aligns with a risk-on tilt in altcoins, though the Fear & Greed Index (34/100) remains cautious. Its underperformance vs. the 30d market (+1.46%) suggests coin-specific factors dominate.
Conclusion
DATA’s rally reflects a mix of technical buying, reduced post-Binance-deadline risks, and fleeting altcoin momentum. However, its long-term downtrend (-88.35% YoY) and high circulating supply (1.24B DATA) warrant caution.
Key watch: Can DATA hold above the 78.6% Fibonacci level ($0.00440)? A break could target $0.00493 (61.8% retracement), while failure may retest $0.00397 support.