Kategorie: Altcoin News

• Terraform lawsuit vs Jane Street puts Terra Classic (LUNC) in focus.
• Terra Classic (LUNC) shows technical resilience, eyeing $0.00003925 short-term.
• 2026 price range is expected to be between $0.0000242 and $0.000510.

The price of Terra Classic (LUNC) has been under the spotlight as legal tensions surrounding its parent company, Terraform Labs, continue to unfold.

Investors are watching closely after news emerged that the administrator overseeing the wind-down of Terraform Labs has sued trading firm Jane Street. 

The lawsuit alleges the trading firm used non-public information from Terraform insiders to profit ahead of the collapse of TerraUSD in May 2022.

This legal move adds a new layer of uncertainty for LUNC holders.

Many remember that the original Terra blockchain was rebranded as Terra Classic after the collapse, while a new Terra 2.0 network was launched.

LUNC now trades at around $0.00003509, down roughly 46% over the past year, with a circulating supply of approximately 5.47 trillion coins.

Jane Street charges

The lawsuit centres on allegations that Jane Street gained access to confidential data through back channels.

This allegedly allowed the firm to strategically withdraw significant amounts of UST from liquidity pools just minutes after Terraform executed internal moves.

The complaint claims these trades contributed to the broader collapse of the stablecoin and accelerated losses for Terraform’s creditors.

Jane Street has denied the allegations, calling the claims baseless and emphasising that the market turmoil was driven by internal mismanagement within Terraform.

Legal observers note that the case could have implications not only for the firms involved but also for market perception around LUNC and other related assets.

LUNC price analysis

Despite its turbulent history, LUNC has shown some resilience.

The coin has been trading in a range of $0.0000343 to $0.00003516 over the past 24 hours, reflecting a small degree of stability.

Analysts like For-Exx Kripto note that the coin has remained inside a flag formation, though the pattern recently experienced a slight break.

This break could have signalled a sharp decline, yet LUNC did not fall dramatically.

This can be interpreted as a bullish signal in the short term, suggesting that a price attempt toward $0.00003925 could be on the horizon.

While the coin remains far from its historical highs, such technical patterns provide hints about potential upward momentum despite broader market challenges.

Trading volume has also been modest, with about $8.9 million changing hands in the last 24 hours.

Terra Classic price prediction

Looking ahead, analysts project that LUNC could trade within a wide range in 2026.

The minimum expected level is around $0.0000242, while the maximum target could reach $0.000510 by the end of the year.

Key levels to watch include support near the $0.000024 mark, which may act as a floor in case of market weakness.

Resistance lies around $0.000510, representing a potential upside target for traders seeking gains.

Short-term moves toward $0.00003925 could also provide intermediate targets, especially if the market reacts positively to technical signals or news from ongoing legal developments.

The post Terra Classic (LUNC) price in focus as Terraform Labs sues Jane Street appeared first on CoinJournal.

• Cosmos price traded around $2.23 on Monday,
• Bulls eye a rebound to above $3 despite broader crypto market losses.
• A key bullish pattern signals the potential for an upside continuation.

Cosmos (ATOM) faces continued sell-off pressure as overall sentiment threatens a sharper correction for altcoins.

This is due to seller dominance as Bitcoin retests $65,000 amid macroeconomic pressures.

However, while the latest downturn has seen bulls fail to decisively test sellers above $2.50, a potential double bottom formation suggests the altcoin could soon explode to a multi-month high.

ATOM price today

As of February 23, 2026, Cosmos (ATOM) was trading near $2.23, with 24-hour trading volume of about $54 million, up 31%, signalling increased buying interest.

However, broader losses across the cryptocurrency market over the past day have allowed sellers to regain some ground following ATOM’s spike to $2.50 on February 18.

While the token has recovered from lows near $1.70, the rebound remains modest compared with previous peaks near $12 in late 2024 and above $6.00 in mid-2025.

The prolonged downtrend across most altcoins in 2026 continues to pose downside risks, with further weakness likely unless buyers defend key support levels and establish new demand zones.

Cosmos price forecast

The Cosmos price shows recovery potential amid a decent bounce from year-to-date lows near $1.70.

Although an overall negative trend in cryptocurrencies could see Cosmos descend into a deeper drawdown, the opposite suggests a rally past $3.00-$3.50 towards pre-October 2025 crash highs.

The area around $2.50 and $3.00 portends a potential supply‑wall risk.

However, with prices bouncing off recent lows, analysts point to a key technical pattern emerging.

A double bottom is a bullish reversal chart pattern formation that outlines two key support levels in a downtrend.

Typically, this pattern forms after a sharp sell-off to a certain low, with prices rebounding before revisiting the zone.

A neckline formation acts as resistance, and in the case of ATOM, this crucial supply zone lies around $2.70.

In the short‑term, Cosmos could test resistance at the neckline and the $3.13–$3.25 zone.

Should bullish momentum hold amid a broader market upturn, the next major resistance levels would be around $4.50-$6.00.

If ATOM continues to struggle alongside Bitcoin and other altcoins, failure to hold above $2.00 could spell danger for buyers.

The next demand reload area below the Feb. 6 lows lies around $1.20.

This outlook could gain momentum if the RSI flips below the 50 mark and the daily MACD turns bearish.

Prices falling below the Bollinger Bands middle line could also signal fresh weakness.

As noted, the opposite, with the double-bottom pattern, confirms that bulls have the upper hand.

The post Cosmos (ATOM) forecast as $2 flips into key support appeared first on CoinJournal.

• 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.

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.