Kategorie: Altcoin News

Altcoin news about alternative blockchains and its crypto ecosystems.

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Decred price prediction as profit taking pulls down the altcoin 17%

  • Decred price dips 17% after a strong weekly rally and high profit-taking.
  • The key support at $32.54 is critical to maintain the bullish momentum.
  • Analysts highlight long-term targets up to $224.52 for Decred (DCR).

Decred price has faced a short-term setback as the DCR token fell 17.24% to $33.26, contrasting sharply with its impressive weekly surge of over 60%.

While some investors are taking a cautious approach after an extended rally, many remain optimistic about Decred’s long-term prospects, especially considering its unique hybrid governance model and privacy-oriented features.

DCR dips amid profit-taking and regulatory uncertainty

Decred (DCR) experienced a notable decline today following an intense period of profit-taking.

Over the past month, DCR has surged by more than 140%, and the heightened activity is evident in its 24-hour trading volume, which jumped over 100% to $92.9 million.

Traders appear to be locking in gains after a parabolic rise, which coincides with a cooling off from previously overbought conditions.

Notably, the 7-day RSI, now at 60.26, reflects a natural pullback, highlighting the market’s temporary hesitance to push the price higher immediately.

Decred price chart
Decred price chart | Source: CoinMarketCap

Regulatory concerns are also adding a layer of uncertainty.

Discussions around the EU’s proposed 2027 ban on anonymous crypto transactions have resurfaced, creating hesitancy among investors.

While Decred’s hybrid governance model and resilient fundamentals offer some protection, the regulatory environment for privacy-focused coins remains a key risk factor.

Cryptocurrency exchanges, such as Upbit, are historically wary of compliance issues and have delisted DCR in the past, amplifying short-term caution among traders.

Technical signals show cooling, but long-term potential

From a technical perspective, the DCR price recently broke below its pivot point of $33.95 and the Fibonacci 23.6% retracement at $35.1, suggesting a short-term bearish trend.

The MACD histogram has narrowed to +1.41, signalling a potential slowdown in upward momentum.

According to some market analysts, maintaining above $32.54 is critical for DCR to preserve its breakout momentum from the past week, allowing the token to potentially resume its upward trajectory.

If DCR can hold the $30–$32 support zone, it may stabilise and prepare for another upward push.

Failing to maintain this support could expose the altcoin to further declines toward $29.51, though the 30-day SMA at $20.88 continues to indicate that the long-term structure remains intact.

Conversely, should Decred (DCR) price climb past $35.42, it could target the next resistance at $38.93, with a longer-term goal of $56.86.

Decred price forecast amid the market pullback

Investor sentiment toward DCR remains cautiously optimistic despite the recent pullback.

Rekt Capital, for instance, recently highlighted that Decred has followed a setup shared over a year ago, rallying 140% across the range before breaking out for an overall 500% gain.

This historical perspective underscores the altcoin’s potential for long-term upside.

Adding to this optimism, crypto analyst Javon pointed out that DCR’s target of $224.52 remains unchanged, noting that the early-stage climb toward this price could just be beginning.

Javon’s assessment emphasises that while short-term corrections are natural, the broader trend for Decred remains bullish, supported by both technical fundamentals and investor confidence in its hybrid governance and privacy features.

In essence, while the Decred price has faced a necessary cooling-off phase amid profit-taking and regulatory uncertainties, key support levels and historical performance suggest that the altcoin may soon regain upward momentum.

With the DCR token holding strong near crucial supports and bullish indicators from market experts like Rekt Capital and Javon, investors may find opportunities to enter or expand positions while monitoring short-term fluctuations.

The post Decred price prediction as profit taking pulls down the altcoin 17% appeared first on CoinJournal.

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NEAR surges 24% as bulls break key resistance

  • NEAR price rose more than 20% to highs of $2.34.
  • The uptick comes amid gains for several altcoins despite ongoing crypto market weakness.
  • Bulls reclaiming the $2 mark could allow them to target $4.6 for a fresh 100% rally.

NEAR Protocol’s native token has skyrocketed 24% in the past 24 hours, shattering a persistent resistance barrier and reigniting investor enthusiasm amid broader cryptocurrency volatility.

NEAR currently trades at $2.27, slightly off the intraday high of $2.34 that marked its highest level since mid-October.

Gains signal a potential shift in sentiment as multiple tokens eye bounce, including Tezos (XTZ).

NEAR price today

NEAR’s bullish performance has seen the token climb from lows of $1.83 to fresh highs of $2.34 in the past three days.

Although the price is slightly off the intraday peak, market data shows aggressive buying.

Per CoinMarketCap data, the token’s daily trading volume increased by over 300% to $753 million.

It’s a significant show of conviction from bulls and the main metric behind the NEAR price breakout.

Ostensibly, the move saw bulls decisively clear the $2.00 psychological resistance, allowing them to target fresh momentum.

This outlook could gain additional tailwinds from parallel developments in the privacy sector.

In particular, this is a market where Zcash (ZEC) has exploded nearly 700% in the past month, drawing renewed attention to shielded transactions and anonymous DeFi.

Zcash’s resurgence is closely tied to NEAR’s innovative Intents protocol, a cross-chain coordination layer that simplifies complex swaps while preserving user privacy.

Zcash’s official Zashi wallet has deepened its integration with NEAR Intents, enabling seamless on-ramps and off-ramps for shielded ZEC conversions from assets like BTC, SOL, and USDC.

For NEAR, the linkage amplifies its appeal as the “blockchain for AI,” where Intents not only streamlines interoperability but also embeds privacy-by-design features.

As Zcash’s shielded pool nears 30% of its supply, NEAR benefits from the spillover, with ecosystem projects like OceanPal committing $120 million to treasury-backed intents.

Is NEAR price poised for a 100% bounce?

The technical outlook for NEAR paints a decidedly bullish picture, with key indicators aligning for a possible 100% bounce from current levels toward $4.60.

The Relative Strength Index (RSI) on the daily chart has surged to 51, hitting neutral territory after dipping into oversold readings of 28 on Nov. 4.

Meanwhile, the Moving Average Convergence Divergence (MACD) histogram has flipped positive, with the line crossing above the signal.

This suggests a potential bullish divergence, similar to what preceded NEAR’s June-July rally from $1.97 to $3.12.

Trading volume, already elevated, shows sustained spikes, averaging the breakout above $2.00 as genuine rather than a fleeting pump.

A sustained hold above $2.30 could trigger a breakout.

NEAR Chart
NEAR price chart by TradingView

However, downside risks remain as the price hovers near $2.00.

If the confluence of current support fails, bears could push the token’s value well below the psychological mark.

Nonetheless, as Zcash’s boom reflects demand for secure, intent-based DeFi, NEAR stands to benefit from traction.

The post NEAR surges 24% as bulls break key resistance appeared first on CoinJournal.

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Morpho Network (MORPHO) suffers service interruption as users face rendering issues

  • Morpho faced a brief outage on Nov. 6, hitting indexers, backend systems, and the app UI.
  • Core lending/borrowing stayed online, but users struggled to load dashboards and live data.
  • Backend and indexers are restored, though frontend rendering remains impaired.

As bears thrive amid broader market indecisiveness, decentralized lending protocol Morpho suffered a momentary service disruption today, November 6.

According to the project’s status page, the event impacted backed systems, indexer performance, and application rendering, blocking user access to key features.

While the outage didn’t suspend crucial borrowing and lending activity, Morpho users are facing challenges when viewing real-time data and loading dashboards.

The team acted quickly to solve indexer and backend issues, but front-end rendering, which supports the user interface, remains down.

Rendering still impaired after backend restoration

Morpho developers stabilized address indexer delays and the backend system within hours after the incident.

These two components are crucial in managing transaction data and feeding it into application layers.

Nonetheless, the frontend rendering, responsible for showcasing protocol metrics and user data, continues to face outages.

Users are either encountering blank pages or outdated info when navigating their lending positions.

Most importantly, the incident didn’t impact funding or pending lending operations.

It is an infrastructural issue not linked to security or smart contracts.

About Morpho – an advanced DeFi platform

Morpho Network establishes itself as a reliable, open, and efficient protocol that enables users to borrow assets or earn yield smoothly.

Lenders can leverage the platform’s user-friendly, non-custodial vaults that optimize yield for depositors (automatically).

On the other side, borrowers can access liquidity through Morpho Markets, where they can borrow assets without third parties.

Furthermore, Morpho’s permissionless and flexible model permits businesses and developers to curate special vaults, build dApps using the protocol’s core architecture, and create advanced markets.

The openness has increased Morpho’s appeal in the DeFi lending landscape.

Recently, Morpho Vaults version 2 launched on Ethereum “to power the future of asset curation.”

Meanwhile, Morpho’s growing developer ecosystem and interconnected design mean technical glitches on the frontend can ripple across liquidity providers, integrated applications, and users.

Morpho connects with leading liquidity platforms like Compound, Aave, and the recently hacked Balancer, matching borrowers and lenders directly to improve yield.

Morpho Network operates in a high-stakes atmosphere where uptime and reliability are vital.

Even temporary frontend issues can frustrate borrowers and liquidity providers who rely on consistent visibility.

Nevertheless, the swift move to restore the backend demonstrates the team’s dedication to user-friendliness and accountability.

MORPHO price outlook

The native coin stayed relatively calm in the past 24 hours. It gained a mere o.7% to trade at $1.65.

Meanwhile, the 45% slump in daily trading volume indicates reduced interest from traders in MORPHO, likely due to broader market uncertainty.

The post Morpho Network (MORPHO) suffers service interruption as users face rendering issues appeared first on CoinJournal.

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ZKsync price jumps above $0.06 with 87% weekly gains amid major token utility overhaul

  • ZKsync price gained by 11% and hit a high of $0.068.
  • Gains came as bulls hold steady and weekly uptick climbs to 87% amid Atlas upgrade.
  • ZKsync has also received endorsement from Ethereum co-founder Vitalik Buterin.

ZKsync surged by more than 11% in intraday gains on November 5, 2025 to hit highs above $0.068 as upbeat sentiment held.

With key announcements regarding major enhancements to ZK token utility, the altcoin’s price has extended gains to over 87% in the past week.

Renewed interest in the token has also come amid a key boost by Ethereum co-founder Vitalik Buterin.

ZKsync price extends weekly gains to 87%

Despite a widespread downturn in the cryptocurrency market, ZKsync’s ZK token has demonstrated impressive strength.

Bulls defied the crash to reach new highs of $0.068, with an 11% price increase that also boasted a 21% spike in daily trading volume for ZK.

Per CoinMarketCap, ZKsync’s daily volume hit an impressive $499 million over the past 24 hours.

Like Aster, Bitget Token and Hyperliquid, ZK Bulls are showing resilience. It trades near $0.061, off intraday highs but still above session lows of $0.049.

Analysts suggest that ZK’s ability to hold steady as trading volumes remain elevated may allow bulls to target $0.10, a level last seen in March.

Notably, ZK has traded in a downtrend since rejecting highs of $0.26 in early December, 24..

ZKsync token to get major utility overhaul

The catalyst behind ZK’s recent rally looks to be the community’s reaction to a proposed upgrade that seeks a comprehensive overhaul of ZK token utility.

Atlas upgrade brings this possibility, a major enhancement set to amplify the ZK token’s functionality.

By expanding the token’s use cases, the upgrade aims to create a more robust economic model, where ZK serves not only as a governance tool but also as a conduit for value accrual from off-chain activities.

“This proposal presents a high-level direction for $ZK token utility,” said Alex Gluchowski, founder of ZKsync and CEO of Matter Labs.

He elaborated on the strategic intent, noting that the changes are designed to unify on-chain and off-chain value flows.

“Under this proposal, value generated from such enterprise components would flow into the same governance-controlled mechanism as on-chain value. In practice, this means establishing structures through which licensing-based revenue can return to the network and enter the same ZK buyback and allocation pathways, preserving a single unified economic loop,” the ZKsync co-founder noted.

Also buoying ZKsync price this past week has been a recent endorsement from Ethereum co-founder Vitalik Buterin.

Buterin’s public support has added significant credibility, emphasizing the protocol’s alignment with Ethereum’s scaling vision and its potential to drive mass adoption.

The Ethereum co-founder has long advocated for zero-knowledge technology, which is ZKsync’s focus.

As the ecosystem matures, stakeholders anticipate increased DeFi activity.

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Bittensor (TAO) plunges 16% amid broader crypto sell-off

  • Bittensor’s token plunged 16% in 24 hours to hit lows of $389.
  • Losses for the top artificial intelligence coin came amid profit-taking following a recent spike.
  • Fed’s hawkish stance, the Balancer exploit, and AI-capital rotation has fueled risk-off sentiment.

Bittensor’s native token, TAO, has tumbled 16% over the past 24 hours, dipping to lows of $389 as it outpaced the artificial intelligence sector’s overall decline of 9%.

Losses for Bittensor came as Bitcoin slipped to near $100,000, and the total market capitalization dropped to under $3.4 trillion.

While analysts remain bullish for BTC and the broader market, investors are grappling with a confluence of macroeconomic pressures.

Sector-specific headwinds are also in play and could add to declines driven by panic selling.

Bittensor’s TAO plunges amid profit-taking

Bittensor is a decentralized machine learning protocol that incentivizes collaborative AI model training through its blockchain.

The native token TAO’s price has outperformed recently, tapping into gains for AI-related stocks like Nvidia.

However, the token’s value cratered to $3.89, marking a 16% intraday loss.

Bulls have attempted a recovery, but the price hovers at $400, down from highs of $488.

Meanwhile, trading volume surged 17% to $712 million, a scenario that reflects the heightened panic selling.

Like across the broader market, this comes as retail and institutional holders liquidate positions on jitters around the waning AI-driven rally.

The plunge appears exacerbated by profit-taking following the launch of Europe’s first staked TAO exchange-traded product (ETP) by Safello.

It initially sparked a major rally, but bulls have since failed to sustain momentum.

Broader crypto market sell-off

The cryptocurrency ecosystem has suffered a substantial loss, with over $250 billion evaporating in market value within 24 hours, culminating in a 5.8% contraction in overall market capitalisation to $3.4 trillion.

Bittensor’s underperformance against Bitcoin, down 6% to near $100,000, and top altcoins, in relative terms, highlights TAO’s vulnerability in a risk-off environment.

Sentiment is in the fear zone.

This outlook sees Ethereum down 8% to $3,340, breaching key support at $3,550 and erasing 18% over the week.

Solana and XRP have also posted key losses, and liquidations across derivatives markets exceeded $1.13 billion.

A lot of the downbeat sentiment is the reaction to Federal Reserve officials’ remarks that have cut bets for a December rate cut.

Meanwhile, Wall Street jitters have seen US spot Bitcoin and Ethereum ETFs log four consecutive days of outflows.

The Balancer crypto hack incident also dented sentiment.

“The latest $128M Balancer exploit is a reminder of something fundamental: most smart contracts today rely on audit-based hope. Developers write complex code, auditors review it, and everyone hopes there are no hidden logic flaws. But hope isn’t assurance,”Bitcoin finance platform Blockstream noted on X.

 

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