Drift Protocol DRIFT
DRIFT cycle analysis · chart, confirmed lows and fundamentals
Red List Recovering Phoenix · monthly · score 65 mixed
97.1% below its 365-day high of $0.5330 (2025-10-27), +45.9% off the 365-day low. Snapshot 2026-10-21 UTC.
On the Red List.
97% below its rolling 365-day high, 359 days after the high.
Recovering: a monthly swing low has confirmed. The badge coexists with the tier; it is not a completed recovery.
Phoenix monthly: stopped falling by the rules, +45.9% above the Jul 2026 trough. Details below.
Since the previous scan.
Tier, recovering badge and Phoenix state are unchanged between these two observations.
Comparing 2026-10-20 with 2026-10-21 UTC. Classification, not price returns.
Recorded timeline →Where it sits in each cycle
a swing low confirms only when a later bar takes out the low bar's highMonthly
- Last bars
- 2Dr 2Dr 1g 2Ug 1r
- Confirmed low
- $0.0107 · 2026-07-31
- Position
- 3 of median 11.5 (max 13)
- Current low
- $0.0107 · confirmed
- Cycle-low confidence
- 68% · in band
- Confirmed lows
- 3
Weekly
- Last bars
- 2Ug 1g 3r 2Dr 1g
- Confirmed low
- $0.0110 · 2026-09-20
- Position
- 5 of median 5.5 (max 17)
- Current low
- $0.0147 · unconfirmed
- Confirms above
- $0.0184
- Cycle-low confidence
- 31% · in band
- Confirmed lows
- 19
Daily
- Last bars
- 2Dr 2Dg 2Ur 3g 1g
- Confirmed low
- $0.0147 · 2026-10-18 (daily)
- Position
- 3 of median 5.0 (max 23)
- Current low
- $0.0147 · confirmed
- Cycle-low confidence
- 18%
- Confirmed lows
- 161
The full read, in sentences
- Monthly: forming bar is a red inside bar. Last confirmed swing low 0.01069 (Jul 2026), month 3 of a cycle that has typically run 11.5. Cycle-low confidence 68%.
- Weekly: forming bar is a green inside bar. Last confirmed swing low 0.011 (Sep 2026), week 5 of a cycle that has typically run 5.5. Current low 0.01467 is unconfirmed — it confirms above 0.01844. Cycle-low confidence 31%.
- Daily: bar is a green inside bar. Last confirmed swing low 0.01467 (2026-10-18), day 3 of a cycle that has typically run 5. Cycle-low confidence 18%.
- Red List: 97% below the 2025-10-27 high; +46% off the 365-day low.
- Phoenix: 100% decline over 20 months, monthly swing low confirmed (late (2 bars)), now +46% above the trough; pullback #2 confirmed 2026-09-27.
- Gauges: Mayer multiple 0.77 (cheap); -99% from the all-time high.
Has Drift Protocol bottomed?
A confirmed swing low is evidence of a price pattern, not proof of a final market bottom. Here is what the DRIFT snapshot records on 2026-10-21 UTC:
Monthly: the last confirmed swing low is $0.0107 from 2026-07-31. The current candidate is marked confirmed. The latest monthly bar is still forming.
Weekly: the last confirmed swing low is $0.0110 from 2026-09-20. A newer candidate at $0.0147 is unconfirmed; its confirmation level is above $0.0184, provided the candidate low is not undercut first. The latest weekly bar is still forming.
Daily: the last confirmed swing low is $0.0147 from 2026-10-18. The current candidate is marked confirmed.
How bottom confirmation works. Cycle-low confidence is a heuristic score, not a calibrated probability of a profitable trade.
How far is Drift Protocol below its high?
The Coinbase price snapshot is 97.1% below its rolling 365-day high of $0.5330 from 2025-10-27. Separately, CoinGecko reports -99.4% relative to its all-time high of $2.60 in the fundamentals snapshot pulled 2026-10-21.
Different sources and observation times can produce different drawdowns. Compare crypto drawdowns and reference highs.
The recorded history
scan observations, not exact transition timesFirst observed 2026-09-19. 33 observations; absence from a captured scan is unmatched, never recovery.
- First observed: Red List; recovering · Phoenix monthly
Phoenix
stopped falling, by the rules- Peak
- $2.99 · Nov 2024
- Trough
- $0.0107 · Jul 2026
- Decline
- -99.6% over 20 months
- Above trough
- +45.9%
- Monthly
- confirmed (late (2 bars)) · trigger $0.0172
- Weekly
- confirmed (next-bar)
- False bottom
- $0.3470 · Jun 2025 (3 higher highs, then undercut)
- Entry
- pullback #2 low $0.0110 confirmed 2026-09-27 · trigger $0.0192
| decline | 30 |
| confirmation | 25 |
| earliness | 0 |
| stale | 0 |
| false bottom | 10 |
| bluechip | 0 |
Fundamentals
| Liquidity (24h volume / market cap) can you get out | 13.42 % | 15.0 / 15 |
| Supply overhang (FDV / market cap) unlocked supply waiting to sell | 1.4 x | 12.0 / 15 |
| Size (market-cap rank) survivorship | 1059 # | 0 / 15 |
| Age on Coinbase survived a cycle | 2.4 yrs | 5.5 / 10 |
| usage | could not look — no source data | |
| tvl | could not look — no source data | |
| momentum | could not look — no source data | |
4 of 7 measurable; score renormalized over what was measurable.
- Market cap
- $14.2M
- Fully diluted
- $19.9M
- 24h volume
- $1.9M
- Circulating
- 716,134,160 of 1,000,000,000 max
- All-time high
- $2.60 · 2024-11-08 (-99.4%)
- Mayer multiple
- 0.765 · cheap
- Pi cycle
- 0.093
- On Coinbase since
- 2024-05-17 (888 bars)
- CoinGecko id
- drift-protocol
Continue your cycle research
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