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ADA could dip lower under broader market pressure

Key takeaways

  • ADA is down 3% and is now trading around $0.2512 per coin.
  • The bearish performance could see ADA slip below the $0.2400 support level.

Cardano (ADA) faces renewed selling pressure as bullish interest fades

Cardano (ADA) continues to face significant selling pressure, with the cryptocurrency extending its 4% loss from Wednesday, falling to the $0.2500 at the time of writing on Thursday. 

The decline has been driven by intense long liquidations in ADA futures over the last 24 hours, signaling a diminishing bullish sentiment among traders. For a potential recovery, Cardano must reclaim the 50-day Exponential Moving Average (EMA) at $0.2672.

The broader market sentiment remains mixed, as the US-Iran ceasefire risks being undermined by Israel’s ongoing missile strikes on Lebanon. While Cardano futures initially saw some bullish interest following Tuesday’s ceasefire announcement, this has since diminished.

Data from CoinGlass reveals that liquidated ADA derivatives positions over the past 24 hours totaled $602,370, with $544,540 coming from long liquidations, indicating a significant wipeout of bullish positions. This liquidation pressure has contributed to an 6% drop in ADA futures Open Interest (OI), which now stands at $412.36 million.

Furthermore, the OI-weighted funding rate dropped to -0.0045% on Thursday, indicating that traders are increasingly shifting towards short positions.

ADA could dip below the $0.2400 support level

The ADA/USD 4-hour chart remains bearish and efficient following the recent day. ADA is currently trading below the 50-, 100-, and 200-day Exponential Moving Averages (EMAs).

Momentum indicators only hint at tentative stabilization rather than a clear bullish shift. The Moving Average Convergence Divergence (MACD) shows a marginally positive reading, while the Relative Strength Index (RSI) at 53 hovers just above the neutral midline level.

ADA/USD 4H Chart

If the selloff continues, ADA could slip towards the March 29 low at $0.2328, with the February 6 low at $0.2205 providing further support.

On the flip side, if the bulls regain control, they would encounter initial resistance at the 50-day EMA around $0.2673. A daily close above this barrier would ease the immediate bearish tone and open the way toward the $0.2991 resistance level.

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Hyperliquid outperforms other major coins, eyes further gains

Key takeaways

  • HYPE is up 10% in the last 24 hours, outperforming the other major cryptocurrencies.
  • The coin could surge towards the $50 psychological level in the near term.

Hyperliquid (HYPE) nears $40 as US-Iran ceasefire boosts market sentiment

HYPE, the native coin of the Hyperliquid DEX, is approaching the $40 mark on Wednesday, extending its recovery linked to the US-Iran ceasefire. 

Retail demand for HYPE continues to rise, driving increased futures Open Interest amid a broader market rally. Technically, HYPE has broken out of a falling channel pattern on the 4-hour chart, signaling a bullish near-term outlook.

Throughout the US-Iran conflict, Hyperliquid showed resilience, with its 24/7 trading platform for crude oil and other commodities gaining traction during the crisis. The ongoing recovery in the crypto market, driven by the ceasefire, has increased anticipation for HYPE’s recovery.

According to CoinGlass data, HYPE futures Open Interest (OI) reached $1.64 billion on Wednesday, marking a 9% increase in the last 24 hours. Typically, such an OI expansion during a spot market rally signals growing demand entering the leverage market.

Liquidations in the last 24 hours totaled $4.49 million, led by $4.28 million in short liquidations, indicating a sell-side weakness. Additionally, the OI-weighted funding rate remains positive at 0.0082%, showing sustained bullish sentiment among traders.

Will HYPE rally towards the $50 mark?

The HYPE/USD 4-hour chart is bullish and efficient as Hyperliquid is the best performer among the leading cryptocurrencies. 

HYPE is trading above the 50- and 200-period Exponential Moving Averages (EMAs) on the 4-hour chart, reflecting a potential trend reversal. 

At the time of writing, HYPE trades around $39.00, extending the breakout gains of a falling channel pattern.

The Moving Average Convergence Divergence (MACD) line is above its signal and the zero line, suggesting strengthening upside momentum. 

HYPE/USD 4H Chart

The Relative Strength Index (RSI) at 66 remains below overbought territory, suggesting firm buying pressure without clear exhaustion at this stage.

If the rally persists, HYPE would likely surge towards the first major resistance level at $43. A daily candle close above this level would pave the way for further rally towards the $50 psychological zone.

However, if the market reverses, HYPE could test the 200-period EMA at $37.10. A drop below this support zone would nullify the bullish breakout and deepen the downside risk.

The post Hyperliquid outperforms other major coins, eyes further gains appeared first on CoinJournal.

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Bitcoin recovers as US and Iran Agree a Ceasefire Deal

Key takeaways

  • BTC is up 4% and is now trading above $71k.
  • The rally could push Bitcoin’s price above $76k for the first time since March 16.

Bitcoin and crypto market surge following U.S.-Iran ceasefire announcement

Bitcoin (BTC), Ethereum (ETH), and the broader cryptocurrency market experienced a significant rise over the last 24 hours after the U.S. and Iran reached a ceasefire agreement.

At press time, Bitcoin was trading at approximately $71,640, up 4.3% in the last 24 hours. Earlier in the day, the cryptocurrency briefly surpassed $72,700, marking its highest value since March 18.

Ethereum gained 6.7%, reaching $2,257, while XRP increased 5.8% to $1.37. Solana surged 6.5%, hitting $84.81. The overall crypto market was up 3.95% during the same period.

The surge coincided with President Donald Trump’s announcement that the U.S. and Iran had agreed to a two-week “double-sided ceasefire.” Trump, who had previously warned of a possible military response if Iran failed to reopen the Strait of Hormuz, emphasized that the ceasefire was a result of having met all military objectives and being close to a long-term peace agreement.

Iran’s official statement confirmed its commitment to allowing safe passage through the Strait of Hormuz, the world’s most vital oil trade route. This had previously caused significant volatility in global oil prices and disrupted supply chains.

BTC eyes $76k as bullish momentum persists

The BTC/USD 4-hour chart remains bearish and efficient despite the recent rally. The leading cryptocurrency has surpassed the $69,200 resistance level and could challenge the swing high of $76,000 over the next few hours or days.

The momentum indicators show that the bulls are currently in control of the market. The Relative Strength Index (RSI) on the 4-hour chart reads 70, approaching the overbought condition, indicating that the bulls are in control.

BTC/USD 4H Chart

The MACD lines are also within the positive territory, reaffirming the bullish bias. If the rally persists, BTC could retest the $76,000 resistance level for the first time since March 16. Surpassing this resistance level would pave the way for Bitcoin to surge toward the $80k psychological zone.

However, if the bulls fail to capitalize on this rally, Bitcoin will find immediate support around the Tuesday low of $67,719.

The post Bitcoin recovers as US and Iran Agree a Ceasefire Deal appeared first on CoinJournal.

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Zcash surges 24% to $336 as crypto rally gains momentum on Iran truce

  • Zcash surged above $336 after breaking key resistance as cryptocurrencies rose.
  • The US-Iran ceasefire and fresh institutional interest have buoyed ZEC bulls.
  • A potential short squeeze could catapult the ZEC price to above $500.

Zcash price has jumped 24% in the last 24 hours to $336, positioning ZEC as the top performer among the top 100 cryptocurrencies by market capitalization as of writing.

This sharp rally, which follows US President Donald Trump’s decision to abandon threats of military action against Iran in favour of a two-week ceasefire announcement, aligns with a pump across risk assets, including cryptocurrencies.

Zcash’s gains see it test the highest levels since late January 2026, and it currently sits 18th among the largest coins by market capitalization.

ZEC pumps amid crypto uptick

Zcash has pushed decisively beyond $300, delivering double-digit gains in 24 hours as its short-term outlook shifts bullish amid de-escalation in the US-Iran war.

The privacy-focused coin rose to intraday highs of $336, having cleared a major supply barrier as it tracked altcoins that echoed Bitcoin’s climb past $72,000.

ZEC traded at lows of $250 on Tuesday, and today’s uptick comes amid a 170% spike in daily volume.

Notably, geopolitical developments have added fuel to the upside spark of fresh institutional interest.

For instance, Foundry, operator of the world’s leading Bitcoin mining pool, has revealed plans to enter Zcash mining.

Also notable is the Zcash Open Development Lab’s unveiling of a $25 million ecosystem fund, with the initiative boasting the backing of global venture powerhouses like a16z crypto, Paradigm, and Coinbase Ventures.

Zcash price analysis

Zcash was holding above $330 on April 8, 2026, up on the day, as the broader near-term sentiment hints at bullish bias.

The positive picture aligns with the token’s powering through the convergence of its 100-day and 200-day Exponential Moving Averages (EMAs)

ZEC’s rebound means bulls can now eye the February 14 peak as a support level.

A firm close beyond this previous resistance-turned-support mark could unlock further upside, potentially triggering a short squeeze toward $500. Buyers now dominate as shorts suffer.

Zcash Price Chart
Zcash price chart by TradingView

Leading into the breakout, Zcash had traced higher lows after a dip to a low of $193 on March 7, 2026.

Despite a long-term descending trendline, gains signal steady accumulation by investors. Momentum indicators back this recent outlook.

As well as the RSI, the Awesome Oscillator (AO) has flipped positive with expanding green bars.

That said, the steep vertical advance over the past two days hints at short-term overextension, particularly with the RSI in overbought territory.

In any case, such explosive moves typically invite minor retracements or sideways action.

Zcash price could thus revisit the $250-$230 region, before resuming higher.

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Solana price forecast: is $150 next amid US-Iran ceasefire?

  • Solana price has gained in the past 24 hours as Bitcoin retests $72,000.
  • The SOL token could rally to $150 amid the US-Iran ceasefire.
  • However, continued weakness could allow bears to target $70 or lower.

​Solana’s latest rebound has revived bullish speculation, with decent gains aligning with an uptick for risk asset markets.

As traders digest the impact of easing geopolitical tensions amid the ceasefire between the US and Iran, the key question is whether a shift in sentiment could propel Solana to its year-to-date highs of $150.

​Solana eyes $90 as geopolitical risk cools

As noted, the broader cryptocurrency market pushed higher overnight Tuesday after US President Donald Trump announced a two‑week ceasefire deal with Iran.

The news has eased fears of a deeper regional conflict, with the Pakistan‑brokered talks coming ahead of a 48‑hour deadline set by Washington.

Stocks and cryptocurrencies rose as risk sentiment changed from defensive positioning to an aggressive hunt for upside exposure.

The sharp gains saw more than $425 million in short positions liquidated in the past 24 hours, with over $100 billion added to the global crypto market capitalization.

​Bitcoin edged above the $72,000 mark, and Ethereum climbed to $2,270, boosting altcoins as traders rotated capital back into major tokens and high‑beta plays. Solana’s upswing had SOL advancing to above $86.

The move toward $90 erases part of last week’s drawdown that followed the Drift Protocol exploit.

​SOL price analysis

While SOL’s percentage gains pale in comparison to intraday moves of Zcash, Bittensor, and LayerZero, the uptick was still significant from a market‑structure point of view.

The recovery helped re‑establish a higher trading range, suggesting that the worst of the exploit‑driven capitulation may be over if the ceasefire holds and broader crypto inflows continue.

​On the charts, SOL has recently been shadowed by a developing bear flag formation.

The classic chart pattern usually signals downside continuation if a clean break occurs, and its formation had bears threatening a drop back toward the $70 region.

Solana Price Chart
Solana price chart by TradingView

​The bounce to near $90 is crucial even as the bearish structure remains.

If bulls can consistently defend the $80-$85 band and convert the area into a solid demand zone, the next immediate resistance is likely to emerge around $95-$100.

This is where prior supply and key moving averages converge, and a breakout could pave the way for a higher resistance cluster in the $120-$135 zone.

Bulls can target January 2026 highs near $150.

However, if buyers fail to break and hold above the $90 level, the technical backdrop would increasingly favor an extension of the downtrend.

This outlook exposes SOL to renewed downside pressure toward $70, with critical support near $54.

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