Monat: Februar 2026

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Decred defies Bitcoin slump as shrinking supply lifts DCR price

  • Decred price rose to $28 as bulls defied Bitcoin’s bearish slide that engulfed most altcoins.
  • Short-term bullish targets include $40 and $69, while losses could extend to $17 or lower.
  • Analysts are pointing to supply metrics as key.

Decred (DCR) bulls are digging in as price hovers above the critical $25 support level, having jumped to intraday highs of $28 on February 24, 2026.

The uptick saw DCR defy the broader crypto market outlook that saw Bitcoin plunge to under $63,000 during the Asian trading hours.

This resilience coincides with a decrease in daily volume and aligns with a sharp decline in the coin’s liquid supply.

While intraday gains could disappear amid profit-taking, can upward pressure allow the hybrid proof-of-work/proof-of-stake cryptocurrency to retest $40?

DCR supply dynamics

As Bitcoin remains under pressure, Decred has continued to trade in positive territory, with buyers targeting a sixth consecutive daily advance.

On-chain data suggests the rebound from lows near $22 on February 19 has been supported by staking activity, which has reduced the token’s effective circulating supply.

More than 16.2 million DCR coins have been mined, but around 27% of the circulating supply is currently liquid.

The remainder is locked, indicating a shrinking available supply that may be supporting recent price strength.

The significant reduction in exchange balances translates to reduced sell pressure, a trend that reflects holder confidence despite volatility.

Staking rewards incentivise retention over liquidation, and as Decred’s scarcity narrative strengthens, prices could follow.

Decred price outlook

Currently, the daily chart shows the DCR price steady, with buyers up 14% and 53% in the past week and month, respectively.

The altcoin’s technical picture thus hints at bullish control.

Decred Chart
Decred price chart by TradingView

Alongside the ascending triangle pattern breakout, bulls are looking at the rising RSI that hovers at 67 and suggests room for more gains before overbought conditions prevail.

Meanwhile, the daily MACD shows a bullish crossover, and the histogram is expanding the green bars.

DCR price is also above the 50-day simple moving average and 200-day moving average, with the chart outlining a recent bullish crossover.

If volume picks up amid further gains, the near-term targets could be an initial tick up to $30.

A potential relief rally fueled by macro tailwinds could send prices to $40 and allow for upside action toward 2025 highs of $69.

But as downside risks linger, a dip below $25 could bring support levels around the 50 and 200-day MAs into play.

The post Decred defies Bitcoin slump as shrinking supply lifts DCR price appeared first on CoinJournal.

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SOL price outlook as three Solana platform announce shut down after Step Finance hack

  • Step Finance, SolanaFloor, and Remora Markets halt operations after hack.
  • STEP token collapses, while Remora tokens remain redeemable.
  • SOL breaks key $77 support as bearish trend dominates amid high volatility.

Step Finance, a leading DeFi aggregator and portfolio dashboard on Solana, has announced an immediate shutdown following a major security breach.

The Step Finance hack reportedly drained over 260,000 SOL from the platform’s treasury, leaving the project unable to recover financially.

Alongside Step Finance, two affiliated platforms, SolanaFloor and Remora Markets, are also winding down operations.

Market reaction

The news has sent shockwaves through the Solana community.

Token holders are reeling from the impact, particularly STEP token investors, whose asset has collapsed nearly 100% since the breach.

 

Step Finance (STEP) price
Step Finance (STEP) price chart | Source: Coingecko

 

Remora Markets’ token holders, however, may be able to redeem their rTokens for USDC, as these assets remain fully backed.

Step Finance has also announced plans for a buyback program for eligible STEP holders based on a pre-hack snapshot.

The shutdown highlights the fragility of some projects in the Solana DeFi ecosystem.

It also underscores the broader risk of centralised treasury management, even within decentralised finance platforms.

Solana price reaction

The price of Solana (SOL) has shown noticeable weakness in the wake of these developments.

Over the past 24 hours, SOL has dropped below $77, a level that had previously served as key support.

Despite this, Solana’s trading volumes remain robust, reflecting heightened activity as investors reassess positions.

Derivatives data indicate growing bearish sentiment with rising long liquidations and a long-to-short ratio falling below 1, suggesting that shorts currently dominate the market.

Funding rates in futures markets have also turned negative, reinforcing the downward pressure on SOL.

In addition, institutional players appear to be taking a measured approach, as US spot SOL ETFs see modest inflows.

This accumulation hints that some investors see the recent dip as a potential buying opportunity, even amid broader uncertainty.

SOL price forecast

While some institutional support exists, SOL faces immediate technical hurdles and key levels that could determine its next direction.

SOL’s technical indicators signal a cautious outlook.

Notably, the cryptocurrency is trading below both its 50-day and 200-day EMAs, signalling a bearish trend, and the Relative Strength Index (RSI) is near oversold levels, suggesting momentum is heavily skewed toward sellers.

Solana price analysis
SOL price chart | Source: TradingView

As a result, traders should watch the $75 mark closely as it represents a critical support level.

If this level fails to hold, SOL could see further downside toward the $63-51 range, according to Coinlore’s analysis.

On the upside, a rebound would need to overcome resistance near $91, with a more significant recovery targeting $102.

Short-term volatility is, however, likely to remain high given the recent ecosystem shocks, and investors should pay attention to both price action and on-chain metrics to gauge the resilience of SOL amid these challenges.

The post SOL price outlook as three Solana platform announce shut down after Step Finance hack appeared first on CoinJournal.

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Bitcoin Cash extends losses, dumps 10% amid BTC sell-off

  • Bitcoin Cash price dropped more than 10% as bears hit the crypto market on Tuesday.
  • The altcoin fell to lows of $481 and risked further losses amid Bitcoin weakness.
  • Analysts say demand recovery could help bulls bounce.

Bitcoin Cash price has extended its downward trajectory, shedding more than 10% in value over the past 24 hours to touch lows of $481 in early trading on February 24, 2025.

The declines come as bearish sentiment grips the broader cryptocurrency market, with top coins plunging alongside Bitcoin’s fall below $63,000.

While some analysts note that the market could see a potential for a short-term recovery, prevailing headwinds favour sellers.

Other altcoins, including Ethereum, XRP, and BNB, have also marked steep declines as negative sentiment dominates.

BCH drops amid macro and geopolitical headwinds

Fresh tariff threats from US President Donald Trump, following a recent Supreme Court ruling on Trump’s 2025 tariffs, have triggered risk-off sentiment.

This has been compounded by other factors, including geopolitical uncertainty, which has prompted investors to seek safer assets and steer clear of volatile cryptocurrencies.

Weak sentiment has, in turn, suppressed crypto bids and contributed to huge outflows from digital asset investment products.

Tightening liquidity and elevated liquidations have further weighed on risk appetite, capping Bitcoin’s rebound.

The dump to lows of $62,700 for BTC accelerated losses for Bitcoin Cash amid this outlook, with bears showing greater appetite as daily volume jumped 46% to over $545 million.

Analysts say the macroeconomic picture and potential escalation in US-Iran tensions could cue further losses.

However, resolutions in favour of bulls will help cut the impact of the correction.

Bitcoin Cash price analysis

As noted, Bitcoin Cash traded as low as $481 on February 24, slipping by double digits in 24 hours as sellers pulled prices from highs of $570.

The fresh selling that has driven BCH below $500 aligns with technical indicators that paint a mostly bearish picture.

Bitcoin Cash Price Chart
Bitcoin Cash price chart by TradingView

Bitcoin Cash’s recent declines have pushed the 50-day moving average toward the 200-day moving average, outlining a possible death cross pattern.

Increased losses and confirmation will come with intensified bearish momentum.

Meanwhile, the RSI and MACD indicators are also slipping lower, signaling bearish control.

According to CryptoQuant, Bitcoin’s slide from near $68k to under $63k coincides with the Coinbase Premium Index (SMA 30) rejecting downward.

The index gauges price premium on Coinbase versus global exchanges, and its downtrend for over a month suggests US selling pressure remains.

Failure to recover in the latest sessions highlights continued institutional hesitation.

Analysts at Bitfinex also share a similar outlook.

If Bitcoin drops to $50k or lower, a cascade of sell-off pressure will exacerbate BCH’s losses.

In the short term, BCH faces continued selling toward $425 and possibly $378.

On the upside, initial resistance is at the $500 mark, and then the moving average levels.

Currently, the 50-day and 200-day MA are converging near $560-$566.

The post Bitcoin Cash extends losses, dumps 10% amid BTC sell-off appeared first on CoinJournal.