Kategorie: Crypto News

• Zilliqa price drops 3.6%, extending a 7-day downtrend amid weak market sentiment.
• Binance delisting and Upbit supply increase reduce liquidity and add pressure.
• Technicals show ZIL below key EMAs with RSI near oversold levels.

Zilliqa (ZIL) has seen a sharp dip in its price over the past 24 hours.

The token is currently trading at $0.004822, down 3.6%, underperforming the broader cryptocurrency market, which fell by 0.9%.

This decline extends a seven-day downtrend of approximately 7.75%, signalling sustained bearish sentiment.

Exchange delistings and market liquidity

One of the main drivers behind ZIL’s recent weakness is exchange delistings.

On January 23, 2026, Binance removed the ZIL/BTC spot trading pair as part of its market quality optimisation.

This followed a prior delisting of the ZIL/BTC margin pair in June 2025.

Delisting reduces liquidity and arbitrage opportunities for traders.

It also signals declining exchange support, often prompting sell-offs as market participants adjust their positions.

With fewer direct BTC and ETH trading pairs, ZIL now relies heavily on USD-stable pairs like ZIL/USDT for trading volume.

Traders are closely watching whether liquidity consolidates or further fragments on these remaining pairs.

Supply update adds to the downward pressure

Another factor influencing ZIL’s decline is a recent circulating supply update.

Upbit reported an increase of 443,195,861 ZIL in the first quarter of 2025.

This adjustment raised the circulating supply from roughly 19.905 billion to 20.349 billion ZIL.

The increase, representing about 2.2% of the quarterly supply, reflects staking rewards, protocol inflation, and team token unlocks.

A larger supply can dilute the value of each token if demand does not increase proportionally.

Public confirmation of the supply increase often renews focus on potential sell-side pressure, especially during periods of market weakness.

Combined with reduced exchange liquidity, the supply update has amplified bearish sentiment among traders.

ZIL technical analysis

Technical indicators further reinforce ZIL’s short-term bearish trend.

The token is trading below all major exponential moving averages on the daily chart.

Its 7-day simple moving average sits at $0.00497, while the 30-day SMA is at $0.00519, both above the current price.

The 14-day relative strength index (RSI) is 38.37, suggesting that the token is approaching oversold conditions.

Meanwhile, the weekly RSI stands at 47.00, indicating neutral market conditions.

The MACD histogram is negative at –0.000095, confirming continued bearish momentum.

These technical signals suggest that selling pressure remains, although short-term consolidation could occur due to the oversold conditions.

Zilliqa price forecast

Traders should keep a close eye on key support and resistance levels in the coming days.

The immediate support is near the recent swing low of $0.0045846, which may act as a floor for further declines, according to analysts.

On the upside, the first significant resistance is at $0.0669, a level that ZIL must close above to trigger a potential trend reversal.

Market participants should also monitor trading volumes on remaining pairs to gauge whether the sell-off is stabilising.

Short-term price action will likely be influenced by liquidity trends, supply dynamics, and technical momentum.

Until a bullish catalyst emerges, ZIL may continue to face pressure, with consolidation around current levels being the most probable scenario.

The post Zilliqa (ZIL) price slides amid exchange delistings and supply update appeared first on CoinJournal.

• XRP trades near $1.88 as buyers defend the $1.80–$1.84 support zone.
• Technicals conflict as oversold signals clash with a strong downtrend.
• Break below $1.80 risks $1.70, while $2.05 is key for recovery.

XRP is trading at a critical juncture as price action compresses near a well-defined support zone.

The token is currently hovering around the $1.88 level after several sessions of persistent selling pressure.

The level has become a near-term inflection point, with buyers seeking to support prices while sellers continue to reinforce the broader downtrend.

Market participants are increasingly divided on whether XRP is forming a local bottom or preparing for another leg lower.

Macro weakness limits XRP bulls’ ability to sustain rebounds

Recent data shows XRP has erased most of its January gains amid a broader market-wide capitulation.

The wider crypto market has remained under pressure as risk sentiment deteriorates and leverage continues to unwind.

This macro weakness has limited the ability of XRP bulls to sustain rebounds, even when technical indicators flash early recovery signals.

At the same time, XRP’s long-term fundamentals continue to generate cautious optimism.

Japan’s plans to recognise XRP as a regulated financial asset under its Financial Instruments and Exchange Act have drawn significant attention.

This potential regulatory clarity could improve institutional confidence and liquidity over the medium to long term.

However, regulatory optimism has not yet translated into immediate price strength.

Short-term traders remain focused on technical structure rather than distant policy developments.

Technical signals paint a mixed picture

From a technical perspective, XRP is showing both constructive and concerning signals.

Several analysts note that XRP recently bounced from oversold territory on the Relative Strength Index (RSI).

This RSI recovery has historically preceded short-term relief rallies.

On-chain metrics also suggest declining sell pressure, with long-term holders showing signs of accumulation.

These factors support the argument that XRP may be carving out a local bottom.

However, bearish structure remains intact on higher timeframes.

XRP continues to trade below a descending trendline that has capped its price since early January.

The token is also struggling to reclaim key moving averages, including the 30-day and the 100-day simple moving averages.

In addition, momentum indicators such as the MACD remain in bearish territory, reinforcing downside risk.

Repeated failures near the $1.90 to $1.95 zone suggest sellers are still in control of rallies.

This technical rejection aligns with broader market weakness rather than isolated XRP-specific selling.

Adding to uncertainty, institutional demand signals have cooled.

Reports indicate waning enthusiasm around XRP-linked investment products.

This decline in demand removes a potential source of upside momentum in the near term.

Sentiment is divided between capitulation and recovery hopes

Market sentiment surrounding XRP reflects deep uncertainty.

Some traders view the recent decline as a classic capitulation phase, arguing that weak hands are exiting while stronger holders quietly accumulate.

Others warn that support levels have not yet been convincingly defended.

Most importantly, the failure to reclaim $2.00 has kept confidence fragile, and breakdowns from prolonged consolidation can accelerate quickly.

Despite this, XRP’s long-term narrative remains intact for many investors.

Regulatory clarity in major jurisdictions and Ripple’s continued role in cross-border payments provide structural support.

This creates a tension between bearish short-term price action and constructive longer-term expectations.

As a result, XRP remains highly reactive to both technical levels and broader market sentiment shifts.

XRP price forecast

XRP’s near-term outlook hinges on a narrow range of key price levels.

The immediate support lies around $1.84 to $1.80, a zone that has repeatedly attracted buyers.

A decisive breakdown below $1.80 could expose XRP to deeper losses toward $1.73 and potentially $1.70.

Such a move would likely confirm bearish continuation in the short term.

On the upside, initial resistance sits near $1.92 to $1.95.

A break above this zone would challenge the descending trendline and shift short-term momentum.

The $2.01 to $2.05 region remains a critical bullish trigger.

A sustained move above $2.05 could open the door for a recovery toward $2.10 and $2.20.

Until those resistance levels are reclaimed, XRP remains vulnerable to renewed selling pressure.

For now, traders are watching support closely as XRP balances between breakdown risk and rebound potential.

The post XRP price nears key support amid conflicting signals appeared first on CoinJournal.

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.