Kategorie: Crypto News

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Zcash price falls below $240 amid profit-taking: what’s next for ZEC?

  • Zcash price was down nearly 10% in the past 24 hours.
  • The ZEC token changed hands at around $239 as bulls risk a key support level.
  • Is the dip a healthy consolidation move or the start of a deeper correction?

Zcash (ZEC) pulled back sharply on Thursday, falling nearly 10% in intraday performance as the surge to a multi‑month high near $280 risked fading.

The privacy coin traded to lows of $239, with the retreat coming amid a broader risk‑off shift in crypto markets.

Profit‑taking across the board means ZEC’s recent breakout could fuel bears’ move towards a key psychological support at $230.

Can bulls hold onto support levels, or is Zcash price poised for an even deeper correction?

Why is the Zcash price down today?

Zcash’s slide from the $280 level reflects a combination of several short‑term factors.

Broadly, it’s the investor jitters around the global macro and geopolitical environment.

Bitcoin, for instance, is struggling to hold gains above $70k, and a similar outlook is engulfing top altcoins, including Ethereum, Solana, BNB, and XRP.

A key perspective is the profit‑taking amid heightened macro uncertainty.

ZEC outlook amid key network growth metrics

Zcash price has shown resilience amid interest in privacy coins, with a recent spike to $280 aligning with this sentiment amid Zodl’s milestone.

Despite the pullback to $239, bulls remain positive as on-chain metrics outline notable network growth.

For instance, Zcash’s hashrate has hit a new all-time high of 16.54 GS/s.

Meanwhile, shielded supply has climbed to 5.15 million ZEC, accounting for roughly 31% of the coin’s circulating supply.

A surge in shielded supply indicates growing demand for private transactions.

Importantly, a sizable portion of ZEC is off crypto exchanges, which signals a long-term bullish view.

The robust network security and increased interest in privacy-focused transactions offer a two-pronged approach to adoption, and could boost ZEC price.

Zcash price technical picture

From a technical standpoint, ZEC’s daily chart points to a mixed outlook with oscillators and moving averages leaning neutral-to-towards selling.

Zcash Price Chart
Zcash price chart by TradingView

The current structure suggests risk appetite could allow for a clean breakout to $300.

In this case, bulls must flip $240 into a major support base, with the 50 EMA at $262 crucial.

Further upside movement will bring the 200 EMA ($281) into view.

Above these levels lie $300 and the 100 SMA at $339, which could be a key resistance zone as bulls eye the $500 target.

Zcash’s sharp pullback after the spike to $280, therefore, provides bulls with an opportunity to pump amid a shakeout of weak hands.

However, if short‑term selling gains momentum amid broader crypto weakness, the coin’s price could fall to $206 and then $185.

The post Zcash price falls below $240 amid profit-taking: what’s next for ZEC? appeared first on CoinJournal.

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Bittensor price outlook: consolidation or deeper correction?

  • Bittensor price is trapped between key support and strong resistance levels.
  • Momentum is cooling, hinting at either consolidation or a drop.
  • A break above $300 or below $250 will decide the next major move.

Bittensor (TAO) had shown strong bullish movement for the better part of the year before hitting a snag on March 16.

That rejection triggered a sharp pullback that erased part of the recent gains.

The cryptocurrency has now entered a tense phase, with analysts trying to determine whether the current weakness is a healthy pause or the start of a deeper decline.

Key technical levels shaping the market

Bittensor is currently trading within a well-defined range that has formed over recent price swings.

The upper boundary sits near the $282 to $300 zone, where multiple attempts to break higher have failed.

This area has consistently acted as a ceiling and has attracted strong selling pressure.

A clean move above $282 would shift the market sentiment quickly, signalling renewed strength and possibly opening the path toward $313.

Beyond that, $357 remains a longer-term target if momentum continues to build.

Bittensor price analysis
Bittensor price chart | Source: TradingView

On the downside, the market has shown repeated reactions around the $250 region.

This level aligns closely with a key Fibonacci retracement zone and has become a critical support area.

Below that, analysts note that $168 stands out as another important level where buyers have previously stepped in.

Accumulation or correction?

The current structure presents two clear possibilities. The first is a controlled pullback that leads into accumulation.

In this scenario, the price stabilises between $230 and $250 as larger participants gradually build positions.

This type of behaviour often appears after strong rallies and helps reset momentum.

The second scenario is a deeper correction that extends below current support levels.

This would indicate that selling pressure is stronger than expected and that buyers are not yet ready to defend higher prices.

A breakdown below $233 would strengthen this view and likely accelerate downside movement.

Market indicators currently suggest that momentum is cooling, with the Relative Strength Index (RSI) moving down from overbought levels, signalling a loss of upward pressure.

While this does not confirm a trend reversal on its own, it does suggest caution in the short term.

The bigger picture

Despite the recent weakness, Bittensor continues to stand out due to its underlying purpose.

The network is built around rewarding useful artificial intelligence, creating a system where performance determines value.

This gives the project a foundation that is different from many speculative assets.

Price action often moves ahead of fundamentals, and this appears to be one of those moments.

The market is currently adjusting after a strong run, and this adjustment could take time.

However, whether this turns into accumulation or further decline will depend on how the price behaves around key levels in the coming days.

The post Bittensor price outlook: consolidation or deeper correction? appeared first on CoinJournal.

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Ethereum price hovers near key level as $111M whale sparks fresh accumulation

  • Ethereum price was poised above the $2,150 level.
  • Bulls were showing resilience as a whale re-accumulated $111 million worth of ETH.
  • Another move above $2,000 could push prices towards the $2,500 resistance.

A mysterious Ethereum whale has re-emerged after lying dormant for seven months, and just deployed over $111 million in USDT to accumulate ETH.

The whale’s move came as the ETH price hovered above $2,170 amid a broader slip for cryptocurrencies early Thursday.

As Bitcoin revisited $70,000 support, Ethereum bounced off the crucial $2,150 level, with intraday volume up 39% at over $27 billion.

Ethereum whale spends $111 million to re-accumulate ETH

According to Lookonchain, a whale that exited Ethereum seven months ago as prices jumped towards $4,000 is back.

The mysterious holder has spent 111.62 million USDT to buy 50,706 ETH, executing this fresh buy at an average price of $2,201 per token.

On-chain data shows this purchase mirrors a sale exactly one year prior, when the same address offloaded 28,683 ETH at $3,892 each.

That sale netted $111.62 million, and a re-cumulation worth this exact value highlights a classic “buy-low, sell-high” move.

Waking up after seven months  also points to the whale’s positioning amid a potential rebound, and mirrors conviction buys by entities such as Bitmine.

The treasury firm, led by Fundstrat’s Tom Lee, recently bought 60,999 ETH worth over $140.3 million and currently holds 4,595,562 ETH worth over $10.5 billion.

ETH’s rebound above $2,000 coincided with the Ethereum Foundation depositing $7.88 million of the altcoin to Steakhouse, a DeFi asset manager with over a billion dollars in AUM.

The EF currently holds over $400 million of ETH.

Can ETH hold gains above $2,150?

Ethereum’s price rose to highs of $2,386 on Monday, riding a bullish flip that pushed Bitcoin to $76,000.

However, the current price hovers near $2,170, testing support amid Bitcoin’s fresh retest of support around $70,000.

As noted, top coins are retreating as risk assets grapple with global economic headwinds. Inflation and escalating Middle East tensions stand out as key short-term headwinds.

Meanwhile, the technical picture shows ETH hovering near a key support level on the daily chart.

The $2,100 mark currently acts as a pivotal support zone and aligns with a rising trendline.

Prices also track the 50-day exponential moving average, currently acting as resistance near $2,215. This is the hurdle bulls need to surmount for potential upside continuation.

Ethereum Price Chart
Ethereum price chart by TradingView

If support holds firm above the aforementioned level, the next target remains $2,400-$2,500. Per the daily chart, the 100 EMA sits at the $2,500 mark.

A breakdown from current levels could allow bears to target $2,000 or lower. Cycle lows near $1,800 offer a robust demand reload zone.

The post Ethereum price hovers near key level as $111M whale sparks fresh accumulation appeared first on CoinJournal.

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Solana at a tipping point: will $96 breakout trigger the next rally?

  • Institutional demand and ETFs are steadily supporting Solana’s outlook.
  • SOL’s price is consolidating, with $115 as a key breakout level to watch.
  • High liquidity and leverage may trigger sharp moves soon.

Solana (SOL) has entered a decisive phase where market structure and fundamentals are pulling in different directions.

The SOL price is currently hovering around the $89 level after a period of weakness, and it continues to show signs of building pressure beneath the surface.

This kind of setup often appears before a larger move, especially when liquidity and demand begin to align.

On the broader crypto market, short-term volatility has been driven by profit-taking, shifting sentiment, and changes in leverage across derivatives markets.

At the same time, long-term signals are quietly improving in the background.

Institutional demand and regulatory clarity reshape the outlook

One of the strongest developments supporting Solana is the growing clarity around the regulatory treatment of proof-of-stake assets.

This shift has opened the door for structured financial products tied to Solana. It has also made it easier for institutional investors to participate without directly holding the asset.

The introduction and expansion of exchange-traded products have become a key driver of demand.

These products create a consistent inflow of capital that is less reactive to short-term price movements.

This type of demand tends to accumulate gradually and can support price over time, even during periods of weakness.

At the same time, Solana’s ecosystem continues to expand in meaningful ways.

Stablecoin liquidity on the network has reached record levels, which signals growing participation in decentralized finance (DeFi) and trading activity.

High stablecoin supply often indicates that capital is waiting on the sidelines, ready to deploy when conditions improve.

Derivatives markets are also playing a major role.

Solana’s open interest shows that traders are becoming more active and increasing their exposure.

This creates a more dynamic environment, but it also increases the likelihood of sharp price swings in either direction.

Technical analysis points toward a key breakout zone

From a technical perspective, Solana has been consolidating after a recent rejection near resistance.

The price action suggests that buyers and sellers are currently in balance, with neither side fully in control.

This type of consolidation often precedes a breakout when momentum eventually builds.

The $96.47 level stands out as a critical zone to watch since it represents a region where previous resistance has emerged, and a break above it could signal renewed bullish momentum.

Solana price
Solana price chart | Source: TradingView

If Solana manages to close above this level with strong volume, it could open the door for a more sustained upward move.

On the downside, the immediate support sits around $77.

A failure to hold this zone could lead to further downside pressure and delay any breakout attempt.

The post Solana at a tipping point: will $96 breakout trigger the next rally? appeared first on CoinJournal.

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FTX to release $2.2B: will creditor cash crush FTT price next?

  • FTX Token changed hands at around $0.28 amid broader crypto market volatility.
  • The FTX Recovery Trust will commence a $2.2 billion distribution on March 31,2026.
  • Potential impact on FTT’s price could see it fall to lows of $0.24.

FTX Token (FTT) is trading lower amid overall crypto weakness and as FTX Recovery Trust announces plans to distribute $2.2 billion to approved creditors by March 31, 2026.

The distribution will mark the fourth round of payouts from the collapsed exchange’s bankruptcy proceedings.

Could this influx of capital crash the FTT token? At the time of writing, FTT hovered near $0.28 and was down 2% in the past 24 hours.

FTX to distribute $2.2 billion to creditors

FTX’s ongoing creditor repayments follow the exchange’s Chapter 11 bankruptcy filed in late 2022 as the Sam Bankman-Fried empire imploded.

SBF was convicted of various charges related to the collapse and is serving a 25-year prison sentence, with FTX now the subject of a Netflix mini-series, ‘The Altruists’, that also features a depiction of Caroline Ellison.

The expectation is that the upcoming eight-episode show will highlight the dramatic implosion of one of the crypto sector’s biggest exchanges at the time, with key questions around governance and customer protection.

Bankman-Fried recently claimed the exchange was never insolvent.

FTX creditors have nonetheless already seen a series of successful payouts, and the company is eyeing another $2.2 billion to both convenience and non-convenience class claims.

The record date for this distribution was February 14, 2026, with payouts commencing March 31 for verified claim holders and distributed within 1-3 business days via designated providers.

FTT price outlook

FTT, the native token once central to the FTX ecosystem, remains sensitive to these events, despite falling to near zero from all-time highs above $85.

Holders could see the distribution as a fresh trigger to selling pressure, putting the token’s rebound from its all-time lows of $0.24 reached in October 2025 at risk.

Data shows that at least 38.3k wallet addresses hold the FTX Token.

With FTX nearing bankruptcy closure, recovery could include a bullish flip to $0.50 and likely the psychological $1.

This will also hinge on whether broader markets stabilize in the short term.

From a technical perspective, neutral oscillators and mixed moving averages signal caution ahead of the March 31 distribution.

The daily RSI hovers near 42 and signals potential downsloping towards oversold extremes.

Meanwhile, the MACD shows mild bullish momentum with a weakening histogram.

FTX Token Price Chart
FTX Token price chart by TradingView

FTT is down 22% over the past month as altcoins suffer downward pressure amid current bearish crypto conditions.

If creditors liquidate holdings with prices in decline, a retest of the all-time lows around $0.24 could follow.

The post FTX to release $2.2B: will creditor cash crush FTT price next? appeared first on CoinJournal.