Kategorie: Crypto Analysis

Key takeaways

• ETH is down 1.7% in the last 24 hours and is trading below $2,900.
• The coin could retest the $2,749 support level if the bearish trend continues.

ETH falls below $2,900

The cryptocurrency market has been bearish in the last three weeks despite an excellent start to the year. After hitting the $3,400 level earlier this month, Ether has lost nearly 20% of its value in the last two weeks.

The bearish performance saw ETH lose 1.5% of its value in the last24 hours and briefly dropped below $2,800 on Sunday. It has now slightly recovered and is currently trading above $2,880.

However, the bearish performance could persist as macroeconomic conditions continue to affect the broader crypto market. The U.S. government risks yet another shutdown as Democratic lawmakers have threatened to block a Department of Homeland Security funding bill following controversy over federal law enforcement actions.

The Federal Reserve will also give its first rate decision of 2026 soon. If the Fed keeps the interest rate the same or increases it, Ether and other leading cryptocurrencies could record further losses in the near term.

With Gold and Silver hitting new all-time highs a few hours ago, leading cryptocurrencies like BTC and ETH could continue to underperform. 

Ethereum could dip to the $2,749 support level

The ETH/USD 4-hour chart is bearish and efficient as Ether has recorded losses recently. The leading altcoin closed its daily candle below the $3,017 on Tuesday and lost 5.5% through Sunday. 

At press time, ETH is trading at $2,889, close to the key support at $2,749. If this support level holds, ETH could recover toward the daily resistance level at $3,017.

However, traders should be cautious as the momentum indicators show that the bears are currently in control. The MACD lines are within the negative territory, while the RSI of 41 is below the neutral 50. 

On the flip side, if Ether closes its daily candle below the $2,749 support, it could extend the correction toward the November 21 low at $2,623.

The post Ether could retest the $2,749 support level: Check forecast appeared first on CoinJournal.

Key takeaways

• BTC is down less than 1% as the market remains choppy. 
• The leading cryptocurrency could retest the $87k support level before rallying higher. 

BTC’s price action remains choppy

The cryptocurrency market continues to underperform as BTC and the other leading coins are in the red. Bitcoin has lost 0.7% of its value in the last 24 hours and is now trading around $89,150. 

The broader cryptocurrency market is attempting to stabilize after this week’s sell-off. Bitcoin price started the week on a negative note, closing below key support levels: the 50-day Exponential Moving Average (EMA) at $91,942.

The bulls attempted to defend the $90k psychological level but failed, with Bitcoin retesting the midpoint of a horizontal parallel channel at $87,787 before embarking on a recovery. At the time of writing on Friday, BTC is trading at around $89,175.

Will Bitcoin recover above $91k soon?

If the recovery continues, Bitcoin could extend its rally towards the first major resistance and the 50-day EMA at $91,942.

The Relative Strength Index (RSI) on the 4-hour chart is 39, pointing upward toward the neutral 50 level, indicating fading bearish momentum. For the bullish momentum to be sustained, the RSI must move above the neutral level. 

Despite that, the Moving Average Convergence Divergence (MACD) indicator showed a bearish crossover on Tuesday, suggesting a mild downward pressure.

If the recovery fails and Bitcoin’s daily candle closes below the $87,787 support level, it could extend the fall toward the lower consolidation boundary at $85,569. 

Currently, the market conditions are choppy, with no clear direction in sight. Bitcoin has eliminated most of the gains it accumulated earlier this month, thanks to the trade tensions between the United States and the European Union (EU) regarding Greenland. 

However, while the issue seems to be resolved, Bitcoin’s performance has not significantly improved.

The post Bitcoin price forecast: BTC stays below $90k as recovery signs slow down appeared first on CoinJournal.

Key takeaways 

• PI is down 1.6% in the last 24 hours, reversing some of its Thursday gains.
• The bearish performance comes despite Pi Network announcing a creator event and new updates to support easy Pi payment integration.

PI dips below $0.19 as bearish trend resumes

PI, the native coin of the Pi network, has lost 1.6% of its value in the last 24 hours and is now trading above $0.18. 

The bearish performance comes despite Pi Network announcing plans on Wednesday to boost the ecosystem, including a creator event, integration of the PI payments system into apps built on the network, and extended access to app creation.

The team revealed that the PI payments support is limited to Test-Pi, and new or non-migrated Pioneers can now deploy app iterations by watching ads instead of paying fees.

Furthermore, Pi Network believes that the ad-supported application building on Pi App Studio could reduce the financial burden of creating Pi applications.

In addition to that, retail demand continues to increase despite PI’s price decline over the past few days. Data obtained from PiScan shows that the users have removed 1.17 million PI tokens from CEXs over the past 48 hours.

The removal from central exchanges will decrease selling pressure on PI as the tokens are transferred to long-term wallets. 

PI remains bearish and could dip lower

The PI/USDT 4-hour chart is bearish and efficient as Pi has lost 1.6% of its value in the last 24 hours. PI failed to maintain its rally above the $0.1919 support-turned-resistance level, marked by the October 11 low.

At press time, PI is trading at $0.1839. If the selloff continues, PI could retest the October 10 and January 19 lows at $0.1533 and $0.1502, respectively.

Technical indicators on the 4-hour chart suggest that the bears remain in control. The Relative Strength Index (RSI) is 40, below the neutral 50, while the Moving Average Convergence Divergence (MACD) extends below the signal line.

However, if the bulls regain control and PI closes its daily candle above $0.1919, it could further extend the rally, potentially targeting the December 19 high at $0.2177.

The post PI could slip below $0.17 despite payments update: Check forecast appeared first on CoinJournal.

• Shiba Inu (SHIB) currently hovers near critical support; breaking it may trigger deeper losses.
• Momentum is weak, and future rallies are expected to be modest.
• Investors are shifting to utility and DeFi tokens for higher ROI.

Currently, Shiba Inu (SHIB) is hovering just above its critical support zone around $0.0000077.

Notably, this area represents the bottom of previous cycles and is closely watched for potential rebounds.

If it fails to hold above the support zone, a double-digit correction could follow.

Market sentiment and investor shifts

Investor sentiment around SHIB is cautious and the broader market conditions for altcoins and memecoins are fragile.

Many traders are increasingly favoring projects with real-world utility, a trend that has led some capital to rotate away from meme coins like SHIB.

This shift suggests that SHIB may face challenges regaining strong speculative demand.

Most analysts believe that Shiba Inu’s next rally would be modest compared to its past movements.

After a period of aggressive growth, the meme coin now appears to be in a consolidation phase and future price moves are likely to be gradual rather than explosive.

Investors looking for higher ROI are reportedly turning to DeFi tokens, meaning capital is flowing toward assets perceived as having greater long-term potential, which could ultimately limit the pace and size of SHIB’s short-term gains.

SHIB technical outlook and risks

Technically, Shiba Inu (SHIB) remains under pressure and its momentum has been weak after the early January gains.

The meme coin gained nearly 25% during the first weeks of the month but has given back most of those profits.

Short-term charts show lower highs and lower lows, indicating bearish patterns, with resistance at moving averages, such as the 50 and 100-period EMA, limiting upward movements.

The relative strength index (RSI) also remains in weak territory, showing little sign of a sustained reversal.

The current price action shows consolidation near the critical support at $0.0000077, but no strong breakout signals have emerged.

Holding the support at $0.0000077 is essential to prevent sharper declines.

A break below the support could lead to deeper corrections and erode investor confidence.

On-chain data and derivatives activity suggest that speculative demand is currently low.

This reduces the safety net against selling pressure, heightening risk.

However, despite these challenges, stabilizing at the support level could allow SHIB to maintain a trading range.

A measured recovery would likely require broader market strength or positive developments within SHIB’s ecosystem.

Analysts emphasize that while a modest rally is possible, the coin lacks catalysts for a parabolic surge.

Investors should monitor key support zones, market sentiment, and competition from utility-focused projects.

Shiba Inu’s near-term trajectory will largely depend on its ability to hold critical levels and adapt to shifting investor preferences.

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