Kategorie: Altcoin News

Altcoin news about alternative blockchains and its crypto ecosystems.

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MYX Finance crashes 30% in a day as sell-off deepens

  • MYX Finance price dropped more than 30% to under $4 amid mounting selling pressure.
  • The Relative Strength Index (RSI) suggests oversold conditions, potentially sparking a relief bounce.
  • Downside is, however, the path of least resistance amid a technical breakdown.

MYX Finance (MYX) price has declined by more than 30% in the past 24 hours, hitting fresh lows under $4.

The Sequoia and Consensus-backed decentralized liquidity protocol ranked as the biggest loser among the top 100 coins on Wednesday, with its dramatic downturn extending the rot since prices sharply dropped from highs of $6.9.

As of writing on February 11, 2026, the token’s price hovered at levels last seen in early January.

MYX Finance price falls 30% as sell-off intensifies

There were sharp declines across the broader cryptocurrency market on Wednesday as Bitcoin fell to under $66k again.

But while Arbitrum, Bittensor, World Liberty Financial, and Jupiter all slipped, MYX Finance’s 30% drop over the period was the sharpest.

The bleeding pushed the token below the critical $4 threshold, with a return to $3.88 marking the biggest drop since the 48% mauling on October 10, 2025.

Why is MYX Finance price down?

MYX is crashing amid massive selling pressure. According to CoinMarketCap data, the altcoin saw a nearly 120% spike in daily trading volume as prices plummeted.

As noted, the sell-off comes as the broader crypto market jitters push sentiment into extreme fear territory.

Bitcoin’s struggle to hold above $70k, with sharp declines to $65k in the past 24 hours, has exacerbated the downside action.

Spooked holders are now dumping the MYX accumulated during the token’s rally to above $6.9 last month.

The price capitulation now has MYX Finance’s total value locked (TVL) down to $27 million. DeFiLlama also shows protocol fees, a key revenue driver, are also sharply down as institutional interest wanes.

Open interest in MYX perpetual futures contracts has slipped to $26 million, compared to over $182 million in October 2025 and $59 million in early January.

Technical analysis: What next for MYX?

From a technical perspective, MYX Finance’s trajectory is largely bearish.

The token has decisively broken below a multi-week ascending channel pattern on the daily chart, with the technical formation having supported its uptrend to year-to-date highs.

This breakdown, which could be confirmed by a close under the channel’s lower boundary, signals strong downside continuation.

Other indicators allude to the potential for further erosion of bullish momentum.

RSI on the daily chart is decisively sloping into oversold territory, but it’s not there yet to suggest room for bears to manoeuvre.

MYX Price Chart
MYX price chart by TradingView

MYX price is also below a key ascending trendline from Nov. 2025, with psychological support at $3.60. If sellers drive MYX under $3.00, the next major demand reload zone will be $1.85.

On the upside, any short-term rebound faces formidable resistance at the $6.90 zone. Before that, bulls have to negotiate the mild overhead supply clusters around $4.80.

The post MYX Finance crashes 30% in a day as sell-off deepens appeared first on CoinJournal.

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RIVER coin price bounces back 27%: analysts fear it could be a dead bounce

  • RIVER coin price has surged 27% on bridge launch and new exchange listing.
  • The cryptocurrency’s volume has spiked 126%, confirming strong buyer interest.
  • Key support lies at $15.40, and a break below risks causing a $14.09 pullback.

RIVER coin has surged 27.4% in the past 24 hours, reaching an intraday high of $17.94.

The sudden spike comes after a period of relative stagnation, sharply outperforming a broader flat crypto market.

Traders are cautiously optimistic, but some analysts warn this could be a short-lived recovery.

The catalysts behind the rally

The primary driver of the rally was the launch of RIVER’s official cross-chain bridge.

This bridge allows seamless asset transfers between Ethereum, Base, and BNB Chain.

By enabling smoother liquidity flows, it addresses a core challenge faced by many DeFi projects.

At the same time, RIVER went live on LBank, a major centralised exchange, sparking fresh market activity.

The exchange listing was accompanied by a $50,000 trading competition, which boosted short-term trading volume.

Combined, these events enhanced the token’s utility and made it easier for investors to access RIVER.

Volume data confirms the strength of the move, with a 126% surge in 24-hour trading volume to $83 million.

This shows that the rally was driven by genuine buying interest rather than thin order books.

The token also benefited from positive sentiment in the broader DeFi sector, which continues to attract investor attention.

RIVER coin price outlook

Analysts are watching key price levels closely to gauge the sustainability of the bounce.

If RIVER can hold above $15.40, it could attempt to reach a near-term target of $20.65.

This would represent a continuation of the current bullish momentum and strengthen confidence in the token’s recovery.

However, a break below $14.09 could signal that the rally has lost steam.

In that case, the coin may experience a pullback toward $12.50, testing lower support levels.

Traders are advised to monitor volume and bridge adoption as indicators of whether the move has lasting strength.

The rally also coincides with broader infrastructure upgrades, which could attract long-term users.

The cross-chain bridge is designed to simplify liquidity access and reduce fragmentation across networks.

Sustained adoption of this feature will be critical for supporting higher prices in the coming months.

Despite these positive factors, some analysts caution that the rebound could be a “dead mouse bounce.”

They argue that while short-term catalysts are present, the coin is still trading far below its all-time high of $87.73 that it hit at the beginning of the year 2026.

RIVER coin price analysis
RIVER coin price chart | Source: TradingView

Price action remains fragile, and a failure to maintain support levels could result in another rapid decline.

Investors are therefore advised to weigh the recent gains against the risk of a correction.

The combination of technical indicators, exchange activity, and sector momentum will likely determine the next phase.

For now, the market is watching closely to see whether RIVER can convert its recent spike into a sustainable uptrend.

The post RIVER coin price bounces back 27%: analysts fear it could be a dead bounce appeared first on CoinJournal.

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Chiliz price drops 15% amid sharp altcoin pullback

  • Chiliz (CHZ) price fell sharply on Thursday, with a more than 15% plunge sending prices to lows of $0.046.
  • Losses for the token comes as Bitcoin price drops sharply to impact top altcoins.
  • Upbeat sentiment around CHZ remains amid roadmap plans and World Cup 2026 anticipation.

The CHZ token, native to the leading blockchain platform powering fan engagement in sports, saw its value tumble as the broader altcoin market faced a fresh downturn.

Chiliz traded to its intraday lows as Bitcoin dropped to under $85,000 again.

BTC’s sharp plunge has altcoins in peril mode, with Ethereum down to $2,800, XRP to $1.79, and Solana to $117. CHZ ranked as one of the biggest losers in the top 100 by market cap.

CHZ dips after recent surge

The Chiliz price enjoyed a robust 30% weekly rally leading into late January, with a sudden pump outpacing a slumping global crypto market. CHZ pumped to near $0.06.

In reality, the upswing can be traced back to the momentum of mid-December 2025, when bulls shattered the $0.035 resistance level.

The uptick coincided with heightened anticipation for the FIFA World Cup 2026 set for the summer in the United States, Mexico, and Canada.

Chiliz’s Fan Token ecosystem, which powers tokens for clubs like FC Barcelona and Juventus, has positioned itself as a key blockchain partner.

Event-driven sentiment and Chiliz Chain 2.0 upgrades bolstered bulls. However, concerns over fan attendance amid US visa bans and boycott calls have slightly dampened the outlook.

Chiliz Price Chart
Chiliz price chart by CoinMarketCap

Sharp declines come amid this, with widespread profit-taking by short-term holders and mounting weakness across altcoins, exacerbating the situation.

Chiliz price forecast: any bullish catalysts?

The current market conditions could allow bears to target the $0.040-$0.035 support zone.

However, beyond its recent volatility, Chiliz’s price may ride broader tailwinds.

The FIFA World Cup in June-July 2026 looms as a centerpiece, while upgrades and regulatory developments could ignite further Fan Token launches.

Chiliz’s “2030 Vision” roadmap, which emphasizes DeFi integrations and institutional tie-ups, also adds to the potential bullish catalysts.

The optimism for Chiliz also lies around the implementation of a transaction fee burning model similar to Ethereum’s EIP-1559.

With this mechanism, a portion of CHZ is burned every time users trade Fan Tokens, mint real-world assets, or transfer a media rights asset.

Users pay gas fees using the CHZ token, and a reduction in supply can significantly impact prices in the long term.

Technically, a rebound above the $0.050 psychological level will hint at resilience. A break above $0.064, the token’s January 17 peak, could bring  $0.10 into view.

The MACD’s upward histogram and OBV strength suggest accumulation may persist.

The post Chiliz price drops 15% amid sharp altcoin pullback appeared first on CoinJournal.

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River price defies market downturn, explodes 40% to new ATH

  • River price rose sharply as bulls defied the broader market downturn.
  • The token exploded more than 40% in 24 hours to hit a new all-time high above $87.
  • RIVER recently received backing from Justin Sun and Arthur Hayes.

Several altcoins are deep in the red amid a broader cryptocurrency market downturn that has pushed Bitcoin well under $90,000.

But as BTC struggles, River’s native token RIVER has defied the odds, with price surging 40% in the past 24 hours to reach a new all-time high above $87.

The move sees the token rank as one of the top gainers across the altcoin sector.

River price explodes to new all-time high

River is a crypto protocol building a chain abstraction stablecoin platform.

The protocol eyes traction across the ecosystem with its liquidity and yield offering.

RIVER, the native governance and utility token, has surged significantly in recent days and skyrocketed 40% over the past 24 hours to smash through resistance to a new all-time high.

The token has pumped more than 200% in the past week and by more than 2,070% in the past month.

It peaked at $87.79 across major exchanges on January 26, 2025, more than 70x off the all-time lows reached in September 2025.

River’s explosive rally comes as the token’s market capitalisation ballooned past $1.6 billion, which aligns with the robust demand highlighted by a 39% jump in daily trading volume.

CoinMarketCap data shows the altcoin’s trading volume spiked to over $108 million in the past 24 hours.

Meanwhile, total value locked (TVL) climbed to over $162 million, as DeFi users flocked to the protocol’s cross-chain offerings.

In terms of gains, River’s performance stands in stark contrast to the prevailing market sentiment.

Bitcoin, the bellwether asset, dipped below $88,000 amid macroeconomic jitters.

Ethereum and other altcoins followed suit as risk-off sentiment grips traders.

The same headwinds could see RIVER ‘s price retreat sharply.

What catalysed the RIVER price rally?

Likely catalysts for RIVER’s meteoric rise include the latest listings and major backing in a fresh round.

Of the more than $14 million in capital raised, a landmark $12 million is from a strategic funding round backed by heavyweight investors that attracted TRON DAO, Justin Sun, Maelstrom Fund founder Arthur Hayes, and The Spartan Group.

Notably, the round also drew commitments from Nasdaq-listed companies and blue-chip institutions across the United States and Europe, lending unprecedented credibility to River’s vision.

River plans to plough this capital infusion into its multi-chain expansion plans, with DeFi applications available across Sui, Ethereum, BNB Chain, and Polygon.

Amplifying the momentum for the token is fresh exchange listings.

Both HTX and OKX have injected new liquidity and retail access to the token. Bulls capitalised on this, stacking positions as open interest in RIVER perpetuals.

Resistance looms at $90, but with funding secured and listings live, RIVER could test $100 in the coming days. However, a sharp pullback is possible given profit-taking deals.

 

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LayerZero defies token unlock pressure, ZRO breaks above $2.20

  • LayerZero (ZRO) has absorbed a major token unlock as demand outweighs new supply.
  • Speculation and leverage have led to a clean breakout above $2.20 resistance.
  • Holding $2.20 support could open upside toward the $2.60–$2.70 zone.

LayerZero is currently commanding attention across the crypto market as its native token ZRO pushes higher despite heavy supply-side headwinds.

The ZRO price has surged decisively above the critical $2.20 resistance level, defying expectations tied to recent token unlocks.

At the time of writing, ZRO is trading near $2.21, posting gains of over 12% in 24 hours, 35% over the past week, and more than 74% on the monthly timeframe.

This move has positioned LayerZero as one of the strongest outperformers in an otherwise flat broader crypto market.

LayerZero demand overwhelms token unlock pressure

One of the most notable aspects of the current ZRO price rally is how the market has handled new supply.

On January 20, LayerZero unlocked approximately 25.71 million ZRO tokens, representing around 6.36% of the circulating supply.

Token unlocks of this magnitude are typically bearish, as they increase sell pressure and dilute existing holders.

Instead, ZRO demand absorbed the new supply with little visible impact on price.

On-chain data showed large transfers moving into institutional-grade custody solutions rather than exchanges.

This suggests accumulation rather than distribution by large holders.

In market terms, predictable supply increases lose their bearish influence when buyers are willing to absorb them.

The ability of LayerZero to withstand repeated unlocks reinforces confidence in its long-term value proposition.

This dynamic has turned what is normally a negative catalyst into a bullish signal for the ZRO price.

Speculation and momentum fuel LayerZero price strength

Beyond supply dynamics, speculative interest has played a major role in pushing ZRO higher.

Traders are positioning ahead of a teased LayerZero ecosystem event scheduled for February 10, 2026.

The clearly defined date has created a countdown effect, encouraging pre-emptive buying.

In slow market conditions, assets with identifiable upcoming catalysts often attract disproportionate capital.

As demand increased, ZRO broke above the $2.20 resistance that had capped previous rallies.

This breakout triggered short liquidations worth roughly $236,000, adding forced buying pressure.

LayerZero’s futures open interest surged by more than 30% in a single day, signalling fresh leverage entering the market.

Momentum indicators reflect this intensity, with the RSI reaching extreme overbought levels.

While this confirms strength, it also introduces short-term volatility risk.

LayerZero price forecast

The LayerZero price forecast now hinges on whether ZRO can maintain its breakout structure.

The $2.20 level is the most important area for traders to watch in the near term.

Holding above this zone would confirm former resistance as new support.

If that support holds, the next upside targets sit near $2.60 and $2.70, where prior liquidity zones emerge.

A strong continuation driven by event-related news could even open a path toward the $3.00–$3.40 range.

On the downside, failure to hold $2.20 could trigger a short-term correction.

In that scenario, traders should monitor support between $1.80 and $2.00.

The sustainability of the current bullish momentum, however, will depend on follow-through buying and concrete announcements around the upcoming LayerZero event.

The post LayerZero defies token unlock pressure, ZRO breaks above $2.20 appeared first on CoinJournal.