Monat: April 2026

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BNB slips below $590 as Trump threatens to strike Iranian power plants

Key takeaways

  • Binance’s BNB is down 4.5% in the last 24 hours and now trades below $590.
  • The bearish performance comes as President Trump threatens to attack Iran’s power plants. 

BNB (formerly Binance Coin) is currently trading below $585 as of Thursday, continuing its three-week decline. 

The correction has deepened following US President Donald Trump’s statement that the ongoing US-Iran conflict could last until late April, which has dampened investor sentiment towards riskier assets. 

From a technical standpoint, momentum indicators are signaling a potential for further downside in BNB.

Trump’s remarks weigh on market sentiment

Bitcoin, Ether, BNB, and XRP are in the red after President Trump warned on Wednesday that the US-Iran war could extend until late April. He also threatened to target Iranian power plants and stated that Iran would be sent back to the “Stone Age” if an agreement is not reached.

These statements have tempered hopes for de-escalation, further reducing investor appetite for riskier assets. As a result, the US Dollar (USD) and oil prices have strengthened, while US equities and other high-risk assets have come under pressure. 

Retail interest in BNB has also declined in recent days. According to CoinGlass, BNB’s long-to-short ratio reads 0.80 on Thursday, its lowest point in a month. 

A ratio below one indicates bearish market sentiment, with traders betting on a further decline in BNB’s price.

BNB could dip to February’s low

The BNB/USD 4-hour chart is bearish and inefficient as BNB has underperformed in recent days. 

Currently, BNB is trading well below the 50-day, 100-day, and 200-day Exponential Moving Averages, which all trend higher above the current price and frame a broader bearish backdrop. 

The Relative Strength Index (RSI) on the 4-hour chart reads 42, below the neutral 50, indicating a bearish bias. The Moving Average Convergence Divergence (MACD) is also drifting deeper below the zero, signaling persistent selling pressure rather than a completed downside exhaustion.

BNB/USD 4H Chart

If the bearish trend persists, BNB will retest the initial support at $570.16 (February’s low). A break below this level would open the way toward lower daily lows and deepen the corrective phase toward the key psychological level at $500.

However, if the bulls regain control of the market, they would encounter immediate resistance at $697, in line with the descending EMAs.

A sustained recovery above this barrier would be needed to ease the current bearish tone and expose the next resistance at $790.79.

 

The post BNB slips below $590 as Trump threatens to strike Iranian power plants appeared first on CoinJournal.

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ZEC dips 3.5% despite broader crypto market’s recovery

Key takeaways

  • ZCash is one of the worst performers among the top 30 cryptocurrencies by market cap, down 3.5% in the last 24 hours.
  • The coin could rally higher in the near term amid demand for privacy-focused cryptocurrencies. 

ZEC slips as broader market recovers

ZEC, the native coin of the Zcash ecosystem, is down by 3.5% in the last 24 hours, making it one of the worst performers among the top 30 cryptocurrencies by market cap.

It is trading at $241 per coin, down from the $257 recorded on Tuesday. The bearish performance comes amid a decline in Zcash’s derivatives data.

According to CoinGlass, ZEC’s futures’ Open Interest (OI) reads $438 million, down from the $473 million recorded on Tuesday, reflecting the decreased notional value of open contracts.
Typically, an OI decline during a dip in spot price reaffirms the bearish narrative as traders anticipate further recovery.

Technical outlook: Will Zcash price recover above $250 soon?

The ZEC/USD 4-hour chart is bullish but inefficient as Zcash’s price faced rejection above the $250 psychological level. 

It is currently trading below its 50-day EMA of $248c, suggesting that the bulls failed to take advantage of the recent rally. 

Despite that, the near-term bias is cautiously bullish as ZEC holds above the recent lows, while remaining capped beneath the long-standing descending resistance line.

If the bulls regain control and ZEC’s daily candle closes above $250, it would confirm the upside breakout and open the path toward the 200-day EMA at $274, followed by the 23.6% Fibonacci retracement level at $362. 

The Moving Average Convergence Divergence (MACD) line has turned higher above the signal line and moved back into positive territory on the 4-hour chart, suggesting strengthening upside pressure. 

ZEC/USD 4H Chart

The Relative Strength Index (RSI) at 61 reinforces the recovery of bullish momentum without signaling overbought conditions.

On the downside, if the rejection candle holds, ZEC could drop towards the 38.2% Fibonacci retracement level at $231, followed by the rising trendline near the $200 psychological support level.

The post ZEC dips 3.5% despite broader crypto market’s recovery appeared first on CoinJournal.

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SOL price stalls below key resistance even as Solana’s fundamentals surge

  • Solana (SOL) price consolidates near $80 support amid strong fundamentals.
  • Institutional staking and brokerage access boost Solana adoption.
  • Key resistance at $87.65, and a breakout could target $97–$107.

Solana’s native token, SOL, has been showing signs of consolidation as it struggles to break through key resistance levels.

Despite a slight bounce today, the price remains confined below the $88 range.

At the same time, traders should closely monitor the altcoin which is currently hovering near the critical support at around $80, which has acted as a short-term floor for buyers.

On the surface, Solana’s technical structure appears cautious, with short-term momentum indicators showing weak buying pressure, but underneath this, Solana’s ecosystem is growing at a remarkable pace.

Solana’s fundamental strength fuels long-term confidence

One of the most compelling aspects of Solana’s recent performance is the surge in institutional and real-world adoption.

The network now hosts more than $2 billion in tokenized real-world assets according to rwa.xyz.

This milestone underscores Solana’s role not just as a blockchain for decentralized applications, but as a platform capable of handling complex financial instruments.

Institutional interest has also taken a significant step forward.

Staking products offering competitive yields have been launched, allowing both retail and institutional investors to earn returns on their SOL holdings.

These developments provide additional utility and financial incentives for participants, reinforcing Solana’s position as more than a speculative asset.

Adding to this, several traditional brokerage platforms including Galaxy now offer custody and trading services for SOL.

This integration reduces barriers for institutional investors and opens the door for mainstream adoption.

With access to regulated platforms, capital inflows could increase steadily, strengthening the network’s financial layer and liquidity.

On-chain activity remains robust as well, and the blockchain continues to see high transaction throughput, and its dominance in tokenized equity markets demonstrates that adoption is moving beyond hype-driven speculation.

Taken together, these factors highlight a token with real-world utility and strong growth potential.

Technical resistance holds back SOL’s price

Short-term market sentiment remains cautious, with recent outflows from Solana-focused ETFs reflecting institutional hesitancy despite the network’s improvements.

While the fundamentals are building, the price is still confined by technical hurdles.

SOL has found immediate resistance near $87.65, with historical data suggesting further caps at $97.56 and $106.95.

Solana price chart

On the downside, the support zone at $75.85–$80.00 is critical for near-term stability.

A daily close below these zones could trigger a sharper decline toward $63.72, which has historically acted as a longer-term support.

Solana price outlook

Overall, Solana (SOL) is at a pivotal point where its fundamentals are strong, but the market has yet to fully recognize them.

Price action will likely depend on whether buyers defend support and whether institutional capital begins flowing into the network.

In the short term, traders should closely watch the near-term support zone between $80 and $77.32, since holding this level is crucial to prevent further selling pressure.

In case of a rebound, the immediate resistance is at $87.65, which if cleared could open the door to a rally towards higher targets at $97.56 and $106.95.

The post SOL price stalls below key resistance even as Solana’s fundamentals surge appeared first on CoinJournal.

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Here’s why StakeStone price exploded 136% to new ATH

  • StakeStone price jumped from $0.11 to above $0.26, going vertical amid a spike in daily volume.
  • The sharp gain follows a whale accumulating over 25.5 million STO tokens.
  • STO price could see a steep pullback amid profit-taking deals.

StakeStone (STO) price exploded during early trading on April 1, pumping more than 130% to hit a new all‑time high.

The vertical action, which occurred amid a broader consolidation across the crypto market, saw STO’s intraday trading activity surge.

The token is in price discovery, but can the lofty levels hold?

Why StakeStone jumped 136% today

STO token posted a sharp intraday surge on Wednesday, significantly outperforming the broader altcoin market.

While most cryptocurrencies traded near key support levels, STO jumped from around $0.11 to a new all-time high above $0.26.

The move marked a gain of roughly 136% and made it the top performer among the 500 largest cryptocurrencies by market capitalisation.

The rally appears to have been driven by a large transaction linked to a newly created wallet.

Data from Lookonchain shows the wallet withdrew more than 25.5 million STO tokens, valued at over $4.85 million, from Binance.

The holdings represent approximately 11.32% of StakeStone’s circulating supply, suggesting concentrated accumulation that may have contributed to the sharp price movement.

 

The transfer acted as an immediate and powerful demand shock, with the size of the order absorbing available sell liquidity near the market price.

It forced quotes higher as market makers and sellers adjusted to the sudden imbalance between bids and offers.

With limited resting supply at higher levels, the price moved rapidly upward as each successive fill occurred at incrementally higher prices.

Data from CoinMarketCap shows a 560% increase in intraday volume, with over $190 million traded in the past 24 hours.

StakeStone’s market cap was also sharply up, as STO printed a new all-time high.

Prices hovered around $0.25 at the time of writing, up more than 390% since the all-time low of $0.049 on February 6, 2026.

STO price outlook — is a sharp decline next?

From a technical perspective, STO’s chart now reflects a near‑vertical candle following the 136% single‑day move.

Price currently hovers well above recent consolidation zones and historical trading ranges.

Such abrupt expansions in price and volume often leave the token looking temporarily extended.

In the market, this type of structure frequently precedes volatile retracements as the market digests the move and short‑term participants reassess risk and reward.

StakeStone Price Chart
STO price chart by TradingView

Given the magnitude and speed of the rally, a period of profit‑taking and a potential steep pullback cannot be ruled out.

A rapid unwind of intraday positions could see STO test lower levels, with $0.19 key.

If selling intensifies, the next major support zone could be $0.15-$0.11.

However, the reduced circulating supply could help support prices and allow for an extended, though volatile, ride to new highs.

The post Here’s why StakeStone price exploded 136% to new ATH appeared first on CoinJournal.