Kategorie: Crypto News

• PI price rose slightly on Tuesday, with buyers testing resistance above $0.16.
• Holder balances on centralized exchanges have reduced by over 700,000 PI tokens over the last 24 hours.
• The technical outlook for PI is mixed amid overall bearish sentiment.

Pi Network’s token is showing some resilience amid broader crypto market weakness, with price retesting resistance above $0.16 despite key losses for Bitcoin and major altcoins.

The PI token traded to its intraday highs on a slight uptick in daily volume as on-chain data reveals a sharp decrease in token balances on centralized exchanges (CEXs).

While the upward move from lows of $0.13 on February 11 suggests bullish resilience, PI must extend gains above the latest barrier level to give buyers an upper hand.

Testing the key level amid broader crypto sentiment means a potential downward flip could follow if profit-taking deals mount.

Pi Network sees over 700,000 PI exit exchanges

PiScan data reveals CEX balances have shrunk sharply in the past 24 hours, with more than 778,434 PI tokens leaving CEXs such as OKX, Bitget, and MEXC.

The outflows suggest strong holder conviction, and are key to the reduced selling pressure currently helping bulls hold the advantage.

Net outflows indicate accumulation rather than distribution.

Buyers could capitalize on this outlook to drive prices higher, more likely if the broader market sentiment improves.

Despite CEX outflows, the PI price is signalling upside potential amid Pi Network’s Open Network expansion.

The project has accelerated its KYC verifications and mainnet migrations.

Meanwhile, the Pi Core Team sees  milestones such as the release of details on the Ecosystem Token Design as crucial steps.

The Pi Request for Comment (PRC) for community input is among ecosystem developments that are adding to investor confidence.

Pi Network technical outlook

Despite the intraday gains, Pi Network’s price remains 9% down this past week.

The token is also in the red over the past month and year-to-date time frames, about 11% and 20%, respectively.

PI’s technical picture shows sentiment is largely bearish, with oscillators neutral. However, moving averages are leaning “strong sell”.

Bulls could muster upward momentum if prices stabilize above the $0.15. Support here and increased volume could allow PI to target $0.18 and then $0.27.

However, bears may yet dominate if bulls fail to hold above a downtrend line going back to the October 10, 2025, crash.

Should short-term losses accelerate below $0.15, major support lies around $0.13, an area that marked PI’s all-time low on Feb 11.

Indicators like MACD and RSI on the daily chart are offering a mixed outlook.

The MACD suggests a bearish crossover, while the RSI sits at 46 and outlines a possible leg up.

PI price, like most cryptocurrencies, will likely track risk asset sentiment and performance in the short term. Macroeconomic and geopolitical factors will be key catalysts.

The post PI holds $0.16 as 778K tokens leave exchanges: rebound brewing? appeared first on CoinJournal.

• Decred price rose to $28 as bulls defied Bitcoin’s bearish slide that engulfed most altcoins.
• Short-term bullish targets include $40 and $69, while losses could extend to $17 or lower.
• Analysts are pointing to supply metrics as key.

Decred (DCR) bulls are digging in as price hovers above the critical $25 support level, having jumped to intraday highs of $28 on February 24, 2026.

The uptick saw DCR defy the broader crypto market outlook that saw Bitcoin plunge to under $63,000 during the Asian trading hours.

This resilience coincides with a decrease in daily volume and aligns with a sharp decline in the coin’s liquid supply.

While intraday gains could disappear amid profit-taking, can upward pressure allow the hybrid proof-of-work/proof-of-stake cryptocurrency to retest $40?

DCR supply dynamics

As Bitcoin remains under pressure, Decred has continued to trade in positive territory, with buyers targeting a sixth consecutive daily advance.

On-chain data suggests the rebound from lows near $22 on February 19 has been supported by staking activity, which has reduced the token’s effective circulating supply.

More than 16.2 million DCR coins have been mined, but around 27% of the circulating supply is currently liquid.

The remainder is locked, indicating a shrinking available supply that may be supporting recent price strength.

Built a thing: https://t.co/bGAet0YTTA – how tight is DCR’s liquid supply actually? >72% locked, only ~27% available to market, and shrinking

Work in progress

Thanks to @jz_bz & @exitusdcr for initial feedback & help! pic.twitter.com/Pie0xeRMLq

— Tivra (@WasPraxis) February 21, 2026

The significant reduction in exchange balances translates to reduced sell pressure, a trend that reflects holder confidence despite volatility.

Staking rewards incentivise retention over liquidation, and as Decred’s scarcity narrative strengthens, prices could follow.

Decred price outlook

Currently, the daily chart shows the DCR price steady, with buyers up 14% and 53% in the past week and month, respectively.

The altcoin’s technical picture thus hints at bullish control.

Alongside the ascending triangle pattern breakout, bulls are looking at the rising RSI that hovers at 67 and suggests room for more gains before overbought conditions prevail.

Meanwhile, the daily MACD shows a bullish crossover, and the histogram is expanding the green bars.

DCR price is also above the 50-day simple moving average and 200-day moving average, with the chart outlining a recent bullish crossover.

If volume picks up amid further gains, the near-term targets could be an initial tick up to $30.

A potential relief rally fueled by macro tailwinds could send prices to $40 and allow for upside action toward 2025 highs of $69.

But as downside risks linger, a dip below $25 could bring support levels around the 50 and 200-day MAs into play.

The post Decred defies Bitcoin slump as shrinking supply lifts DCR price appeared first on CoinJournal.

• Bitcoin Cash price dropped more than 10% as bears hit the crypto market on Tuesday.
• The altcoin fell to lows of $481 and risked further losses amid Bitcoin weakness.
• Analysts say demand recovery could help bulls bounce.

Bitcoin Cash price has extended its downward trajectory, shedding more than 10% in value over the past 24 hours to touch lows of $481 in early trading on February 24, 2025.

The declines come as bearish sentiment grips the broader cryptocurrency market, with top coins plunging alongside Bitcoin’s fall below $63,000.

While some analysts note that the market could see a potential for a short-term recovery, prevailing headwinds favour sellers.

Other altcoins, including Ethereum, XRP, and BNB, have also marked steep declines as negative sentiment dominates.

BCH drops amid macro and geopolitical headwinds

Fresh tariff threats from US President Donald Trump, following a recent Supreme Court ruling on Trump’s 2025 tariffs, have triggered risk-off sentiment.

This has been compounded by other factors, including geopolitical uncertainty, which has prompted investors to seek safer assets and steer clear of volatile cryptocurrencies.

Weak sentiment has, in turn, suppressed crypto bids and contributed to huge outflows from digital asset investment products.

Tightening liquidity and elevated liquidations have further weighed on risk appetite, capping Bitcoin’s rebound.

The dump to lows of $62,700 for BTC accelerated losses for Bitcoin Cash amid this outlook, with bears showing greater appetite as daily volume jumped 46% to over $545 million.

Analysts say the macroeconomic picture and potential escalation in US-Iran tensions could cue further losses.

However, resolutions in favour of bulls will help cut the impact of the correction.

Bitcoin Cash price analysis

As noted, Bitcoin Cash traded as low as $481 on February 24, slipping by double digits in 24 hours as sellers pulled prices from highs of $570.

The fresh selling that has driven BCH below $500 aligns with technical indicators that paint a mostly bearish picture.

Bitcoin Cash’s recent declines have pushed the 50-day moving average toward the 200-day moving average, outlining a possible death cross pattern.

Increased losses and confirmation will come with intensified bearish momentum.

Meanwhile, the RSI and MACD indicators are also slipping lower, signaling bearish control.

According to CryptoQuant, Bitcoin’s slide from near $68k to under $63k coincides with the Coinbase Premium Index (SMA 30) rejecting downward.

The index gauges price premium on Coinbase versus global exchanges, and its downtrend for over a month suggests US selling pressure remains.

Failure to recover in the latest sessions highlights continued institutional hesitation.

Analysts at Bitfinex also share a similar outlook.

$BTC can bounce on positioning, but it rallies on spot demand.

CVD implies roughly $2.5B of net market sells since Feb 20 across centralised exchanges. That is not “one bad actor”, it is broad distribution.

Until that slows, breakouts often fade. pic.twitter.com/sR3vfvaZVi

— Bitfinex (@bitfinex) February 24, 2026

If Bitcoin drops to $50k or lower, a cascade of sell-off pressure will exacerbate BCH’s losses.

In the short term, BCH faces continued selling toward $425 and possibly $378.

On the upside, initial resistance is at the $500 mark, and then the moving average levels.

Currently, the 50-day and 200-day MA are converging near $560-$566.

The post Bitcoin Cash extends losses, dumps 10% amid BTC sell-off appeared first on CoinJournal.