ADA price stuck near $0.27 despite SPAR payment integration

  • Cardano (ADA) is now accepted at 137 Swiss SPAR stores via direct wallet payments.
  • ADA’s price remains stagnant near $0.272 despite retail adoption.
  • The key levels to watch are the $0.28 resistance and the $0.26 support.

The price of Cardano’s ADA token has remained unmoved even after 137 SPAR supermarkets across Switzerland announced they now accept Cardano (ADA) as a payment method, giving the cryptocurrency a new real-world utility.

The integration, powered by a payment system that connects Cardano’s blockchain to everyday retail checkouts, allows SPAR customers to pay directly from their wallets, without converting to traditional currencies.

Cardano’s ADA token remains unmoved

This move marks a significant step toward mainstream adoption of ADA.

For many cryptocurrencies, being used in everyday retail has been a distant goal, and Cardano now joins a small group of digital assets being used at physical stores.

However, despite this positive development, ADA’s market performance has remained relatively stagnant.

At press time, the cryptocurrency was trading around $0.272, down 1.3% over the last 24 hours.

Cardano price technical analysis

From a technical standpoint, momentum indicators provide a mixed picture.

The Relative Strength Index (RSI) is recovering from oversold territory but remains below neutral, suggesting buyers have yet to assert dominance.

The Moving Average Convergence Divergence (MACD) indicator readings are flat, signalling a lack of strong bullish or bearish momentum.

Cardano price chart
Cardano price chart | Source: TradingView

Derivatives markets indicate a cautious stance, with long-to-short ratios below one and declining futures participation, hinting that traders are leaning toward a defensive approach rather than aggressive buying.

On-chain activity also shows more coins are being moved, a signal that holders may be redistributing or taking profits.

Combined with modest daily losses, this data suggests that ADA’s recent rebound is not yet convincing enough to trigger a larger market rally.

ADA price forecast

While Cardano’s integration into 137 Swiss SPAR stores is a landmark moment for adoption, the market has yet to respond.

Technical levels suggest that ADA remains range-bound, and traders should be looking for decisive moves either above the immediate resistance or below the immediate support to determine the next trend.

Notably, a descending trendline has been forming, with $0.28 currently acting as the immediate resistance point.

Therefore, a breakout above this level with sustained volume could open the path toward $0.32, where stronger resistance aligns with clustered moving averages.

On the downside, a clear break under $0.26 could bring the $0.24 level into play.

Falling below that could accelerate selling and bring prices closer to $0.21, echoing recent technical warnings about potential downside.

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Dogecoin shows rebound signs despite taking a hit following Iran war

  • Dogecoin holds key support at $0.088, signalling a potential rebound.
  • Technical indicators show bullish patterns and rising trader interest.
  • Unlimited supply limits long-term gains despite short-term recovery signs.

Dogecoin has taken a noticeable hit in recent days, with prices dipping amid global uncertainty triggered by the Iran war.

The popular memecoin, which once soared to unprecedented highs, now trades around $0.092, down slightly from its recent weekly levels.

While the price dip is noticeable, technical indicators suggest that the digital asset may be finding its footing, ready for a comeback.

Technical signals point to recovery

Several technical indicators suggest that Dogecoin may be preparing for a rebound.

To start with, $0.088 has turned into a key support zone after holding firm multiple times over the past month.

As a result, this level appears to have attracted buying interest, preventing further downward pressure.

A double bottom pattern has also formed on shorter timeframes, signalling a potential reversal.

Dogecoin price chart
Dogecoin price chart | Source: TradingView

In addition, the relative strength index (RSI) shows a bullish divergence, suggesting that selling momentum may be waning.

Open interest in DOGE futures has also spiked, indicating heightened market participation and renewed investor attention.

These signs collectively point to a possible relief rally in the short term, even as the broader market remains cautious.

But despite the rebound signals, Dogecoin price faces a major hurdle near $0.10, a level it needs to surpass to confirm any upward momentum.

Should DOGE clear this barrier, it may test the next key resistance zones, but any significant rally will still contend with structural challenges like its infinite supply and lack of much real-world use cases.

Balancing speculation and fundamentals

While technical patterns are encouraging, Dogecoin’s fundamentals present a more cautious picture.

Its unlimited token supply continues to dilute value over time, making dramatic long-term price increases unlikely without substantial adoption.

Unlike other cryptocurrencies that benefit from scarcity, DOGE relies heavily on community support and speculative trading.

Its all-time high (ATH) of $0.73 recorded in 2021 remains far off, emphasising the challenges the coin faces.

Despite this, short-term momentum is undeniable, especially seeing that social interest in the coin has picked up over the past few days, coinciding with relief rallies in the past.

For now, while structural limitations and the uncertain macro environment suggest that investors should temper expectations, DOGE seems to be stabilising, offering cautious optimism for those tracking the memecoin closely.

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Cardano (ADA) price dips below $0.27 as Hoskinson calls CLARITY act a ‘horrific’ bill

  • Cardano (ADA) dips below $0.27 amid whale selling and bearish market sentiment.
  • Hoskinson slams CLARITY Act as harmful to crypto innovation.
  • ADA eyes $0.28 support and $0.30 resistance levels.

Cardano (ADA) has seen its price dip below the $0.27 mark, continuing a recent streak of selling pressure.

The cryptocurrency is currently trading around $0.2646, down nearly 3% over the past 24 hours.

Bitcoin-denominated value has also decreased, reflecting broader market weakness.

Notably, this decline comes as ADA battles multiple resistance levels while trying to hold its long-term support near $0.28.

Charles Hoskinson’s statement about the CLARITY Act

Adding to market uncertainty, Charles Hoskinson, founder of Cardano, has publicly criticised the CLARITY Act.

While some executives see regulatory clarity as a positive step, Hoskinson’s stance highlights concerns that the CLARITY Act may inadvertently hinder growth and limit competition within the American crypto market.

Hoskinson called the proposed legislation “horrific” and warned it could stifle innovation in the cryptocurrency space.

Hoskinson argues that the bill would categorise most digital assets as securities by default.

He believes this framework could give regulators excessive power and place unnecessary burdens on future crypto projects.

According to him, while established networks may be grandfathered in, new developers could be forced to operate abroad to avoid restrictive US rules.

On-chain shows whales offloading ADA holdings

On-chain data from Santiment confirms that whale activity has also been a significant factor in ADA’s recent price movements.

Both mid-tier and large holders have reduced their exposure, creating a supply surge that the market has struggled to absorb.

At the same time, futures markets indicate negative funding rates, showing that bearish sentiment dominates derivatives trading.

Retail investors attempting to buy the dip have been unable to counterbalance these outsized moves.

Cardano Price Outlook

For traders and investors, several levels are crucial to watch.

The immediate resistance lies near $0.29 to $0.30, reinforced by descending trendlines and moving averages.

Breaking above this zone could open the door for a short-term recovery.

On the downside, Cardano’s historical price context shows that the $0.28 region is a critical support zone.

This level has repeatedly acted as a floor in past downtrends, making it a key point to monitor.

Failure to hold $0.28 would expose the next support around $0.25, with deeper levels near $0.24 if selling continues.

A break below these points could signal a continuation of the downtrend and test historical lows around $0.21 to $0.18.

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Bitcoin price drops below $66k as Iran conflict escalates: Here’s what to expect

  • Bitcoin drops below $66K as Middle East tensions spark volatility.
  • $6.39 billion ETF outflows show weakening institutional crypto demand.
  • BTC swings between $63K–$65K; traders watch support and rate policy.

Bitcoin (BTC) has slipped below the $66,000 mark as global markets react to escalating tensions in the Middle East.

The rising conflict between Iran, the US, and Israel has prompted a wave of uncertainty that is affecting risk assets, including cryptocurrencies.

Bitcoin, in particular, is showing sharp intraday swings in response to news developments.

Early trading saw BTC fall as low as $63,000 before it recovered to above $65,000.

This volatility reflects a mix of geopolitical fear and active liquidations in the derivatives market, with more than $130 million in long positions being forced to close and amplifying the downward pressure on the cryptocurrency.

The US, Israel, Iran war has sent shockwaves across markets

The current situation in the Middle East has made investors jittery.

Traditionally, Bitcoin has sometimes been viewed as a hedge during global crises, but recent behaviour shows it acting more like a risk asset.

Notably, Bitcoin’s price has been moving in close correlation with equities, particularly major stock indices, rather than holding steady in turbulent times.

Gold and oil, however, have seen upward movements, with oil prices surging amid anticipation of supply disruptions.

The price of Gold has also climbed modestly, reflecting its traditional safe-haven status.

These shifts indicate that money is flowing away from riskier assets like Bitcoin and toward instruments perceived as more stable during geopolitical stress.

Long-term BTC holders, however, are showing resilience.

After the initial sell-off, many investors took the opportunity to buy at lower levels, which contributed to a partial recovery.

This has prevented Bitcoin from falling as sharply as some other risk assets, demonstrating that there is still significant support at levels around $65,000.

Institutional demand weakens

US-listed spot bitcoin and ether exchange-traded funds have recorded sustained outflows over the past four months, pointing to a sharp cooling in institutional participation in digital assets.

Investors withdrew $6.39 billion from bitcoin ETFs during the period, the longest continuous monthly decline since the products launched in January 2024, according to SoSoValue data.

Ether ETFs also saw $2.76 billion in outflows.

The retreat coincided with a steep fall in token prices, with bitcoin dropping from above $126,000 in early October, while ether has fallen more than 60% from its August highs near $4,950.

Spot ETFs had previously served as a visible channel for institutional inflows after their debut and following pro-crypto political developments in 2024.

However, demand weakened after the October market downturn, reportedly linked to pricing inefficiencies on offshore exchange Binance.

Although recent sessions have seen intermittent inflows, analysts say a consistent return of capital is required for a durable recovery.

What this means for Bitcoin going forward

Traders should expect more volatility in the short term since Bitcoin is sensitive to headlines, and any further escalation in the Middle East could trigger additional sharp movements.

Traders should keep a close eye on the technical support level near $63,000, while resistance around $68,000 to $70,000 remains a key target for recovery.

Also, besides the Middle East war, monetary policy may also play a role in the next BTC price movements.

If central banks respond to the conflict with interest rate adjustments or liquidity measures, Bitcoin could benefit indirectly.

Historical trends suggest that geopolitical crises followed by rate cuts or monetary easing often support risk assets, and cryptocurrencies could be no exception.

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MYX rebounds 29% after brutal selloff: what’s driving the bounce?

  • MYX rebounds 29% after heavy losses, driven by V2 partnership news.
  • Trading volume surges; whales and institutions show bullish signals.
  • The immediate key levels to watch out for are the support at $0.441–$0.430 and the resistance at $0.546.

MYX Finance has surprised many traders by climbing nearly 29% in the last 24 hours.

This comes after a brutal 91% drop over the past month, which left the coin trading near historically low levels.

What sparked the MYX Finance price rebound?

The most immediate driver appears to be MYX’s partnership with Consensys to launch MYX Finance V2 after a successful funding round.

The upcoming V2 upgrade promises gasless trading and 50x leverage, features that can attract both retail and institutional traders.

The news has been framed as a “comeback,” and it has sparked genuine buying interest, not just speculative chatter.

Technical factors are also playing a role.

MYX has been bouncing off extreme lows, and the sudden increase in trading volume confirms strong participation in the rebound.

The 24-hour volume surged to over $55 million, suggesting that bargain hunters and momentum traders are stepping in.

Indicators like the Relative Strength Index (RSI), which is oversold, hint at the selling pressure easing, signalling the end of capitulation.

MYX Finance
MYX Finance price chart | Source: TradingView

This combination of fundamental and technical drivers has created a near-term bullish environment.

MYX price technical analysis

After climbing above the $0.49 level, MYX is now consolidating rather than extending its breakout.

Market watchers expect the token to trade in the $0.50 to $0.60 range in the near term.

A sustained pickup in buying interest, particularly if supported by larger capital inflows, could open the door for a move toward $0.70.

If participation from larger investors increases, price swings could become more pronounced, with upside levels around $1, $1.50 and potentially $2 coming into focus.

At the same time, the risk of sharp pullbacks remains.

Such declines are common in volatile markets and are often viewed as part of normal price discovery, where weaker positions are forced out, and liquidity is absorbed by larger participants.

Despite the possibility of short-term setbacks, the broader structure is seen as gradually constructive.

Upcoming risks

Traders should be aware of a key event risk.

On March 6th, about 9.72 million MYX tokens will unlock, worth roughly $9.67 million.

This could create short-term selling pressure as holders choose to liquidate some of their positions.

It is an important factor to watch alongside technical levels and the V2 launch.

MYX price forecast

For short-term traders, the near-term support is around $0.441–$0.430.

On the upside, the first resistance lies at $0.546, the previous swing high.

If the price breaks above this level, gains could extend toward $0.570 and potentially beyond.

On the downside, failure to hold $0.430 could see MYX revisit $0.405.

For now, consolidation above $0.49 sets the stage for a gradual upward move, while the V2 launch and new capital entering the market could trigger sharper rallies.

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