Monat: Februar 2026

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Polygon holds $0.10 amid crypto caution: POL recovery ahead?

  • Polygon price rose about 5% in the past 24 hours.
  • The token continues to hold above $0.10.
  • A surge in transactions, stablecoin adoption and POL burning is helping price gains.

Polygon (POL), formerly MATIC, has stabilized above the $0.10 support level despite ongoing market volatility.

As macroeconomic and geopolitical headwinds pressure Bitcoin and Ethereum prices lower, POL is showing great resilience.

The token has gained in the past 24 hours and trends among top performers on the day, outpacing several of its layer 2 peers. Can bulls reclaim key levels and push higher despite overall market weakness?

Why is Polygon price up today?

POL’s uptick today includes a notable rise to intraday highs above $0.11. The token revisited prices around $0.10 but showed resilience amid its bounce from under the psychological level.

Bitcoin’s dip to $65k looks to have allowed for some capital rotation into small cap tokens, including POL.

While this looks to be a plausible reason for the bounce, Polygon’s upward move largely stems from recent momentum, helped by robust stablecoin volume and deflationary dynamics.

The L2 has seen a huge leap in terms of USDC transactions on the network, leading to Ethereum scaling solutions.

DeFiLlama data shows the stablecoin market cap on Polygon stood at around $3.26 billion at the time of writing.

Analysts have noted that more than 100 million POL tokens have been burned on the Polygon network.

The token burn means a cut in circulating supply and potential upward price pressure.

In the past 30 days, about 32.6 million POL have been burned, slashing net issuance.

“Every transaction on Polygon generates fees,” the team wrote on X. “ From each fee: base fees are burned and priority fees are shared among validators, block producers, and stakers.”

The more activity there is, the more fees generated and the more POL burned and permanently removed from circulation. The token’s price could strengthen long-term amid this move.

POL price forecast

Polygon price appears to be riding the above bullish catalysts.

Trading volume rose more than 30% in the past 24 hours on Monday, hitting over $84 million.

In terms of short-term price forecast, POL currently eyes resistance at $0.12. This aligns with the horizontal hurdle of an ascending triangle pattern, and points to a potential uptick to highs of $0.30.

If bulls strengthen above $0.14 and decisively breach $0.20, continuation amid broader market gains will help galvanize this trajectory.

A breakdown of a similar outlook however, saw Polygon’s token plummet to recent lows. In this case, rejection at $0.12 or $0.14 could fuel further declines, with bears likely to eye $0.09 as the initial target.

The post Polygon holds $0.10 amid crypto caution: POL recovery ahead? appeared first on CoinJournal.

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Toncoin price gains amid volume spike: is $2 next for TON?

  • Toncoin price is up 4% as key metrics like volume and TVL rise.
  • A breakout above the $1.50 zone could result in upside momentum.
  • If broader sentiment doesn’t invalidate the outlook, the next target could be above $2.

Toncoin (TON) is demonstrating resilience as a challenging crypto market sees several altcoins slump to new lows.

The token trades around $1.37 with a modest 4% gain in 24 hours, and it’s seeing a notable surge in trading volume.

The total value locked is also up and highlights a potential strength that could embolden bulls and allow them to target the $2.00 mark.

Toncoin’s bullish outlook, however, could be tempered by the broader sentiment across major cryptocurrencies.

Bitcoin, which trades around $65,800 as bulls struggle with macro headwinds, highlights the bearish dangers.

Toncoin gains amid volume spike

Toncoin’s intraday gains to $1.37 buck the trend that saw BTC dip to under $65k before posting a slight recovery.

Other coins, including Ethereum, BNB and XRP, have notched downward moves amid growing negative sentiment in an increasingly risk-averse environment.

The 25% spike in daily trading volume to $80 million reflects the cryptocurrency’s likely upward strength.

Buyers have also bumped up open interest in TON, currently at $182 million.

While long positions account for nearly 70% of the “rekt” value in the past 24 hours, data shows more shorts have been liquidated in the past 12 hours.

Additionally, TON’s Total Value Locked (TVL) in DeFi protocols has climbed to $165 million.

The global defi TVL stood at $204 billion at the time of writing, but was less than 0.7% up in the past 24 hours.

In comparison, TON had its TVL up by nearly 2% to signal increased interest in protocols on The Open Network.

Meanwhile, the stablecoin market cap on TON has also risen to $941 million, with USDT dominance at 79%.

These metrics suggest capital rotation into TON, rather than gains being driven by broad speculation.

TON price prediction: Is $2 next?

Toncoin approaches a pivotal technical juncture on the daily chart. Gains to intraday highs have bulls testing resistance from a descending trendline that has capped upside since late 2025.

Toncoin Price Chart
Toncoin price chart by TradingView

A successful breakout could allow bulls to target the 50-day EMA. This hurdle currently sits near $1.48, a level aligning with recent consolidation zones and a key resistance line since Dec. 2024.

If the supply zone paves the way amid overall bullish sentiment, momentum could drive TON toward the 200-day EMA around $2.0.

This outlook might strengthen if neutral RSI readings near 43 flip higher and the daily MACD invalidates the bearish hint.

However, Bitcoin’s ongoing selloff pressure amid deleveraging and ETF outflows might pose a downward risk for the token.

Currently, macroeconomic headwinds have dragged BTC back to the $65k area.

A similar outlook for TON could bring the $1.12 support level into view.

The post Toncoin price gains amid volume spike: is $2 next for TON? appeared first on CoinJournal.

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Ethereum price outlook as investors pull $36M from ETH products

  • Ethereum traded around $1,921 as Bitcoin bounced from lows of $65,000.
  • Analysts are bullish on ETH despite $36 million in weekly outflows from ETH investment products.
  • ETH could revisit $1,500 or bounce as macro pressures ease to target $3,000.

Ethereum price is struggling to break above $2,000 as losses seen over the weekend extend into early US trading hours on Monday.

Bitcoin fell to below $65,000, ETH dropped to $1,848, and Solana pared gains to under $80.

The sell-off across crypto has accelerated in recent weeks amid negative sentiment, resulting in huge capital outflows from crypto-related investment products.

Ethereum sees further capital outflows

Downside pressure for BTC has cascaded into top altcoins, and the latest down move for ETH coincides with losses for US equity futures ahead of opening on Monday, February 23, 2026.

Risk-off sentiment has flared after an initial risk-on outlook hit markets amid the US Supreme Court’s decision on President Donald Trump’s tariffs.

The dump for top coins alludes to overall weakness, and one indicator of this trajectory is the fifth consecutive week of net outflows from digital asset investment products.

Ethereum hit over $36 million in weekly outflows last week, bringing month-to-date flows to -$117 million and year-to-date flows to over $494 million.

That marked a fifth consecutive week of outflows and coincides with ETH struggling to decisively breach the $2k level.

Analysts on ETH price outlook

ETH’s slump below $2k aligns with institutional selling and macro and geopolitical risks.

According to analysts at QCP, investors have priced in new tariff risks as well as geopolitical tensions, and ETH has shown weakness similar to BTC.

ETH has witnessed nearly $500 million in ETF outflows year-to-date, but rather than being bearish about it, analysts say outflows mirror trade unwinds and are not a “structural exit”.

“Options still show a downside bias in both $BTC and $ETH, but skew is less extreme, suggesting positioning is cleaner and panic hedging has eased. ETF outflows also appear more consistent with trade unwinds than a structural exit,” QCP posted on X.

Short-term price movement for ETH may also align with whale selling, with Ethereum co-founder Vitalik Buterin among those who have recently sold ETH.

Crypto Rover says “large ETH whales are underwater,” and previous instances have historically highlighted bottoms.

Despite this, some crypto treasury companies, led by Bitmine, have doubled down on the altcoin as they weigh the “buy-the-dip” opportunity.

Whales who sold earlier, like ShapeShift founder Erik Voorhees, are also buying ETH again.

As such, there’s a possibility the coin may fail to reclaim and hold above the psychological level, risking further declines to the $1,500 level.

However, recovery for Bitcoin to above $74,000 could signal a shift in broader market sentiment. Ethereum will target $2,300-$3,000 as initial supply wall risk areas.

The post Ethereum price outlook as investors pull $36M from ETH products appeared first on CoinJournal.

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Cosmos (ATOM) forecast as $2 flips into key support

  • Cosmos price traded around $2.23 on Monday,
  • Bulls eye a rebound to above $3 despite broader crypto market losses.
  • A key bullish pattern signals the potential for an upside continuation.

Cosmos (ATOM) faces continued sell-off pressure as overall sentiment threatens a sharper correction for altcoins.

This is due to seller dominance as Bitcoin retests $65,000 amid macroeconomic pressures.

However, while the latest downturn has seen bulls fail to decisively test sellers above $2.50, a potential double bottom formation suggests the altcoin could soon explode to a multi-month high.

ATOM price today

As of February 23, 2026, Cosmos (ATOM) was trading near $2.23, with 24-hour trading volume of about $54 million, up 31%, signalling increased buying interest.

However, broader losses across the cryptocurrency market over the past day have allowed sellers to regain some ground following ATOM’s spike to $2.50 on February 18.

While the token has recovered from lows near $1.70, the rebound remains modest compared with previous peaks near $12 in late 2024 and above $6.00 in mid-2025.

The prolonged downtrend across most altcoins in 2026 continues to pose downside risks, with further weakness likely unless buyers defend key support levels and establish new demand zones.

Cosmos price forecast

The Cosmos price shows recovery potential amid a decent bounce from year-to-date lows near $1.70.

Although an overall negative trend in cryptocurrencies could see Cosmos descend into a deeper drawdown, the opposite suggests a rally past $3.00-$3.50 towards pre-October 2025 crash highs.

The area around $2.50 and $3.00 portends a potential supply‑wall risk.

However, with prices bouncing off recent lows, analysts point to a key technical pattern emerging.

A double bottom is a bullish reversal chart pattern formation that outlines two key support levels in a downtrend.

Typically, this pattern forms after a sharp sell-off to a certain low, with prices rebounding before revisiting the zone.

A neckline formation acts as resistance, and in the case of ATOM, this crucial supply zone lies around $2.70.

Cosmos Price Chart
Cosmos price chart by TradingView

In the short‑term, Cosmos could test resistance at the neckline and the $3.13–$3.25 zone.

Should bullish momentum hold amid a broader market upturn, the next major resistance levels would be around $4.50-$6.00.

If ATOM continues to struggle alongside Bitcoin and other altcoins, failure to hold above $2.00 could spell danger for buyers.

The next demand reload area below the Feb. 6 lows lies around $1.20.

This outlook could gain momentum if the RSI flips below the 50 mark and the daily MACD turns bearish.

Prices falling below the Bollinger Bands middle line could also signal fresh weakness.

As noted, the opposite, with the double-bottom pattern, confirms that bulls have the upper hand.

The post Cosmos (ATOM) forecast as $2 flips into key support appeared first on CoinJournal.