Kategorie: Crypto Markets

• Optimism (OP) underperformed as risk-off sentiment hit high-beta altcoins hardest.
• The buyback plan is delayed, small, and lacks immediate supply reduction.
• Technical breakdown below key averages has triggered strong sell-side momentum.

The Optimism (OP) token is falling even after token holders approved a long-awaited buyback plan.

At first glance, this seems counterintuitive, since buybacks are often seen as bullish for token prices.

However, the market reaction highlights the gap between long-term fundamentals and short-term trading reality.

OP is currently trading around $0.27, down roughly 8.8% in the past 24 hours.

This decline is sharper than the broader crypto market’s 5.26% drop over the same period.

The underperformance signals that OP is facing pressures beyond simple market noise.

Market-wide risk aversion is dragging down high-beta tokens

The crypto market is currently in a clear risk-off phase.

Investors are rotating away from speculative assets and toward traditional safe havens.

Gold has surged to record highs, reflecting heightened global uncertainty.

At the same time, Bitcoin has slid to around $85,000.

When Bitcoin weakens during risk-off periods, altcoins typically fall harder.

OP is considered a high-beta asset, meaning it magnifies broader market moves.

As a result, even modest market stress translates into outsized losses for OP.

The Fear and Greed Index sits at 38, firmly in “Fear” territory.

This indicates traders are prioritising capital preservation over growth opportunities.

In such conditions, narratives like governance wins and future buybacks struggle to gain traction.

Instead, liquidity dries up and sellers dominate price action.

This macro backdrop sets the stage for OP’s underperformance.

The buyback approval didn’t meet short-term market expectations

While Optimism token holders have approved a proposal to allocate 50% of Superchain sequencer revenue to OP buybacks, the market has reacted negatively rather than positively, and the main reason is timing.

The buybacks are scheduled to begin in February, not immediately. For short-term traders, delayed execution reduces the perceived impact.

The scale of the program also disappointed investors. Annual buybacks are estimated at around $8 million.

That figure represents roughly 1.5% of OP’s current market capitalisation.

Such a modest allocation is unlikely to offset sustained selling pressure. Additionally, the plan does not include token burns.

Repurchased tokens are sent to the treasury, leaving future supply decisions uncertain.

At the same time, token unlocks continue to add supply to the market. This imbalance weakens the buyback narrative in the near term.

Rather than acting as a price floor, the announcement became a “sell the news” event.

Conclusion: long-term promise, short-term pressure

OP’s price decline reflects a convergence of macro, narrative, and technical factors.

Market-wide risk aversion has reduced demand for speculative altcoins.

The buyback plan, while structurally positive, lacks immediate impact.

The token recently broke below its 7-day and 30-day simple moving averages, triggering algorithmic and momentum-based selling.

The Moving Average Convergence Divergence (MACD) indicator has also turned negative, pointing to accelerating downside momentum.

The Relative Strength Index (RSI) remains near 44, suggesting OP is not yet oversold, meaning there is little technical support from bargain hunters.

Together, these forces explain why OP is falling despite positive governance news.

Long-term, tying token value to Superchain revenue remains a meaningful shift.

Short-term, however, traders are focused on survival rather than future alignment.

The next major test, according to analysts, will be whether OP can hold the $0.2528 support level.

Upcoming macro data, particularly US inflation metrics, may determine the next move.

But until the market sentiment improves, OP is likely to remain under pressure despite its improving fundamentals.

The post Here’s why OP token price is falling despite Optimism buyback approval appeared first on CoinJournal.

• Grayscale has filed for an Sui ETF, boosting institutional interest in SUI.
• SUI currently trades at $1.41, facing key resistance at $1.55.
• Analysts warn of a possible short-term dip before a stable base forms.

The proposed ETF would trade under the ticker GSUI on the NYSE Arca, and it is designed to include staking features, allowing investors to earn yield while holding the token.

Coinbase will serve as the prime broker for the ETF, while the Bank of New York Mellon will provide administrative support.

Other firms, including Bitwise and Canary Capital, have also filed for SUI-related products.

These signals are growing institutional interest in the Sui ecosystem.

The filings suggest that SUI may gain traction not only among retail investors but also professional investors seeking regulated exposure.

Sui price analysis

SUI is currently trading at $1.41, down 3.6% over the past seven days.

Its 24-hour trading range has been narrow, between $1.40 and $1.45.

Technical analysts point to $1.55 as the next key resistance level that traders should watch.

A break above this point could pave the way for further gains toward $1.60 and $1.68.

However, short-term support is currently around $1.40, and a decisive break below this could push SUI toward the $1.20–$1.30 range.

The Relative Strength Index (RSI) suggests SUI may be oversold in the short term, providing potential for a rebound.

Despite this, some analysts caution that the recent bounce may be weak compared to larger cryptocurrencies like Bitcoin and Ethereum.

They suggest that SUI could retest lower support levels near $1 or slightly above, before forming a more stable base.

The 7-day range of $1.38 to $1.54 indicates volatility but also shows that buyers are still defending critical price zones.

SUI price outlook

Institutional interest is growing as the broader crypto market navigates volatility.

ETF filings from multiple firms demonstrate confidence in the long-term prospects of SUI.

At the same time, historical performance shows that the altcoin has faced large swings, with an all-time high of $5.35 and a low of $0.3648.

Even with these fluctuations, the token has gained more than 285% from its recent low, reflecting strong recovery potential.

Trading volume remains healthy, with over $635 million exchanged in the last 24 hours.

This liquidity can support price movements as the market reacts to ETF developments and technical patterns.

If bullish momentum persists, the cryptocurrency may challenge the $1.55 resistance in the near term.

Conversely, failure to break above key levels could result in a consolidation phase or minor pullback.

The combination of institutional interest, ETF filings, and technical setups makes this a critical moment for SUI.

Investors and traders will likely monitor both price action and regulatory updates closely.

As the token navigates resistance and support levels, the next few weeks could determine its trajectory.

With proper momentum, SUI could be poised for a renewed bullish phase, edging closer to $1.55.

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• Jupiter price jumped to above $0.23 as several altcoins pumped.
• Social chatter around airdrop activity and exchange integrations.
• JUP is also up for robust product adoption on Solana.

Jupiter (JUP), the cryptocurrency token of Solana’s leading decentralized exchange, rose to highs of $0.23 on Wednesday, tracking intraday momentum across the broader market.

The double-digit gains, which extend Jupiter’s uptick amid multiple key catalysts, mean another surge could bring the $0.30 level into view.

Why is JUP price rallying this week?

JUP is climbing alongside broader altcoin gains, with the token extending its rally to 13% over the past week.

Bulls edged nearly 10% up in the past 24 hours, before a slowdown cut these to around 8% at the time of writing.

After touching highs near $0.23, JUP traded around $0.21, but its latest rally reflects trader interest in Solana’s leading DEX aggregator.

One key tailwind is the final Jupuary snapshot scheduled for January 30.

Demand is spiking as users position for the potential 200 million JUP rewards. This event has amplified trading activity and liquidity provision ahead of the deadline.

Meanwhile, Coinbase’s recent Solana integration further bolsters momentum. By enabling users to trade via Jupiter directly within the exchange, Coinbase puts the DEX on track for expansion to millions of retail traders.

Elsewhere, Jupiter has established its footprint with product developments like JupUSD stablecoin and Jupiter Lend, with DeFiLlama metrics showing a sharp increase in revenue generated.

Notably, Meteora, Jupiter and Uniswap saw huge revenues in 2025. Per data, the three platforms dominated other DeFi protocols’ fee revenue, with each generating well over $1 billion over the year.

DEX volume has also increased significantly over the past week.

Jupiter price prediction: Is $0.30 next?

JUP’s price outlook is bullish amid the latest gain.

While the long-term trend highlights the plunge from above $1 in 2025, resilience in the past weeks has technical indicators pointing to a possible momentum shift.

The Moving Average Convergence Divergence (MACD) boasts a bullish crossover, while histogram bars have turned positive.

Also alluding to renewed buying strength is the Relative Strength Index (RSI), which hovers near 58 on the daily chart.

Except for a looming unlock of about 53 million JUP tokens, the overall picture is primarily positive.

If transaction flows and user engagement hold firm, a breakout to $0.30 will highlight $0.60 as the next target.

However, this confluence of catalysts could be overridden by broader market headwinds. JUP support lies in the $0.20-$0.18 area.

Jupiter price reached its all-time high of $2.04 in January last year.

The post Jupiter price prediction: JUP extends gains as bulls eye $0.30 next appeared first on CoinJournal.

• Bittensor (TAO) price gained 5% to intraday highs of $241.
• TAO rose as AI tokens rallied, with Render and Virtuals Protocol also up.
• Bulls target a breakout, with $240 as support amid potential macroeconomic tailwinds.

Bittensor’s TAO token was showing strong bullish momentum as the artificial intelligence-linked cryptocurrency segment recorded notable gains.

TAO ranked among the top performers over the past 24 hours, with traders eyeing a potential breakout above the $240 level.

Beyond the broader AI narrative, improving market sentiment ahead of key macroeconomic events and earnings releases has helped drive renewed interest in the decentralised AI token.

Bittensor price touches $240

Bitcoin’s move to above $90,000 on Wednesday, and Ethereum’s uptick to $3,000 headlined crypto stories in early trading sessions on January 28.

An anticipated Federal Reserve decision and Big Tech earnings, which highlight this week’s events, helped put risk assets back into an upward trajectory.

As the top coins heave at resistance levels, Bittensor and other AI tokens rallied.

TAO price jumped 5% as derivatives signalled retail interest, with trading volumes spiking alongside heightened open interest in futures markets.

Having retested the $240 level and briefly touched $241, bulls are likely to regroup and power to new intraday highs.

Macroeconomic tailwinds could catapult TAO higher.

TAO gains as AI tokens rally

Bittensor was not the only AI-linked token to post gains on the day.

Rallies in Render, Virtuals Protocol and the Artificial Superintelligence Alliance placed all three among the top gainers within the top 100 cryptocurrencies by market capitalisation.

RENDER, VIRTUAL, and FET rose between 5% and 9% over the past 24 hours, while smaller tokens such as Oasis, AI Companion and Kite recorded sharper advances.

The broad-based move higher points to a renewed upswing in the AI crypto segment, underscoring the strength of the sector’s narrative, with Bittensor continuing to stand out through its subnet-based ecosystem.

Improving sentiment across the category suggests potential accumulation, with large holders showing interest as asset managers roll out investment products that provide exposure to AI-focused digital assets.

Bittensor price forecast

Bittensor’s architecture incentivises AI model contributions via competitive subnets, which is driving adoption and value accrual.

Technical patterns signal a potential bullish breakout, with support targets above $240 likely if bulls dominate on strong volume.

On the 4-hour chart, Bittensor sports positive momentum indicators, including RSI recovery and MACD.

The latter paints a bullish crossover pattern, suggesting taking out bears above $240 might be pivotal for buyers.

On the flip side, support lies around the $235-$230 area. Bulls will be eyeing the artificial intelligence narrative and the Fed.

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• Shiba Inu price trades near the resistance line of a falling wedge.
• If SHIB breaks out on robust volume, price targets include highs of $0.00001.
• Token holders are pulling assets off exchanges to signal bullish confidence.

Shiba Inu (SHIB) is gaining fresh attention from traders as its price appears poised for a breakout, supported by a tightening wedge pattern on the daily chart.

The token traded around $0.00000779, slightly up on the day as buyers ramp up pressure amid growing on‑chain accumulation.

Data shows Shiba Inu price boasts a bullish technical structure, with analysts noting a potential move higher is on the horizon.

Dogecoin, Pepe and Floki are also poised for an uptick.

Shiba Inu: current price and market dynamics

As of late January 2026, Shiba Inu hovers around the 0.0000078 level, trading in a tight range after a recent bounce from near 0.0000075.

Recent declines and upticks see the cryptocurrency tracking a long-term falling wedge pattern.

The pattern prints each successive low higher than the last and the upper trendline slopes downward.

This indicates diminishing selling pressure, signalling the consolidation phase could pave the way for a major breakout, especially if volume begins to pick up on the upside.

While SHIB’s price remains well below its 2025 highs, buyers are upbeat and are actively pulling tokens off exchanges.

In one instance, token holders pulled more than 29 million SHIB from crypto exchanges in the past 24 hours. The data suggests active accumulation as a factor, and that means likely reduction in selling pressure.

Historically, large outflows from major exchanges have pointed to smart money accumulation, a phase that often proceeds price explosion.

This happens when rising demand follows a downtrend, which is what analysts are predicting will be the case as memecoins wake up.​

Shiba Inu price prediction: why SHIB tracks a potential breakout

As noted, Shiba Inu’s technical outlook includes a falling wedge pattern on the daily chart.

The token continues to trend lower, but is notably near the upper trend line amid signs of renewed buying interest.

For bulls to confirm an upward breakout, the price would need to decisively clear resistance in the $0.0000085-$0.0000098 zone.

Analysts say this should be on strong volume, with a surge above $0.00001 critical to near term continuation.

Shiba Inu will benefit from positive vibes across the broader altcoin market, particularly if meme and utility tokens begin to gain traction.

Bitcoin performance and investor appetite for high‑beta tokens like SHIB will also be critical.

Developments across the Shiba ecosystem, Shibarium, and merchant adoption could all provide additional tailwinds.

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