Kategorie: Crypto News

• Ethereum Classic price hovered around 8.30 as Ethereum held the $2,000 level.
• The ETC coin has dropped more than 12% in the past week and could extend the decline.
• Analysts say Bitcoin remains bearish, and this could impact ETC price movement.

Ethereum Classic (ETC) traded in the red in early afternoon hours during the US session on Tuesday, February 10, 2026, down nearly 3% as top coins continued to struggle with bearish pressure.

With the price of Ethereum delicately poised near $2,000 and Bitcoin dropping to lows of $68,000, analysts at CryptoQuant say downside momentum could intensify.

Ethereum Classic, a proof-of-work cryptocurrency created after an Ethereum hardfork, changed hands around $8.30.

The technical picture suggests it could mirror potential broader market losses and touch new multi-year lows.

Ethereum Classic price today

The broad sell-off that hit altcoins on February 5, 2026, pushed Ethereum Classic down sharply to around $7.40.

Panic selling, driven by investors seeking to lock in profits amid heavy liquidations, deepened losses.

Many buyers who entered near the July 2025 highs of about $25 saw their positions turn into unrealised losses, most of which remain underwater at current levels.

Sentiment showed tentative improvement on February 10, when ETC climbed to intraday highs of $8.69.

The move was supported by a 5% rise in daily trading volume to around $64 million, pointing to the possibility of a short-term shift in momentum.

The rebound came as Ethereum posted modest declines but continued to hold above the $2,000 level on increasing volume.

CryptoQuant analysts on bear market

Analysts at CryptoQuant say the bear market is likely in its early stages and fresh losses for BTC and alts are possible.

According to an on-chain analyst at the firm, Bitcoin currently suffers from a lack of new capital injection, and that strengthens the prevailing bear conditions.

“New investor inflows have flipped negative. The sell-off is not being absorbed by fresh capital. In bull markets, drawdowns attract accelerating capital. In early bear markets, weakness triggers withdrawal,” the platform shared on X.

If downside pressure for Bitcoin cascades further into altcoins, ETH may retest recent lows below $1,800. ETC likewise could drop below the key support zone, with a sharper downturn.

ETC price forecast

Bulls need to defend the $8 level or engineer a quick rebound from support if selling pressure intensifies again, a move that could help limit further downside.

If this scenario unfolds, Ethereum Classic may begin to signal a potential trend reversal.

On the daily chart, the relative strength index has stabilised in oversold territory, pointing to the possibility of an upward shift in momentum.

Analysts note that signs of seller exhaustion and the emergence of a bullish divergence could increase the likelihood of a stronger recovery move.

The Moving Average Convergence Divergence (MACD) indicator is pointing to a potential bullish crossover, while improving on-chain accumulation metrics have added to tentative optimism.

However, the near-term technical outlook remains mixed and continues to lean toward downside risks, given persistent weakness across the broader market.

As noted by CryptoQuant, this pressure has remained in place as Bitcoin trades below $70,000 and Ethereum faces resistance near $2,000.

Against this backdrop, Ethereum Classic’s price action around the $8 level, closely linked to movements in ETH, is likely to determine its next major move.

On the downside, analysts point to primary support near $6.33 as a key level to watch.

The post Ethereum Classic (ETC) price struggles near $8 amid broader crypto weakness appeared first on CoinJournal.

• Aave price could plummet under $100 and risk new multi-year lows.
• Bears can decisively take out the psychological level and test the $75-$80 range.
• However, dips can offer a buy-the-dip opportunity before a sharp rebound.

Aave fell to around $108 as decentralised finance tokens broadly moved into negative territory.

With broader market pressures weighing on sentiment, AAVE faces rising downside risks and is at risk of slipping below the key $100 support level.

The outlook reflects continued volatility across the sector, with a notable decline in total value locked, highlighting growing vulnerability to further price weakness.

Aave price retests $108

Aave’s AAVE token was trading near $370 in August 2025 but has since declined sharply amid persistent bearish sentiment across the crypto market.

Prices fell steadily through late 2025 before sliding more aggressively toward the $100 zone.

A double-top pattern formed in the latter months of last year, and the subsequent drop to around $95 last week marked a significant downturn for the DeFi token.

Although AAVE rebounded briefly to about $120, selling pressure has remained strong, with prices retesting the $108 support level.

The token is down roughly 15% over the past week and about 25% year-to-date.

It has also fallen around 67% since August 2025 and more than 80% from its all-time high above $667 in 2021.

The price weakness has coincided with a sharp decline in Aave’s total value locked, reflecting reduced liquidity and softer protocol revenues.

AAVE price forecast: bears eye 2-year lows

Bulls are not completely out of the picture despite the recent bloodbath.

However, sentiment is battered, and momentum is with bears.

For Aave, technical indicators signal this increasing bearish momentum.

While momentum oscillators remain in neutral territory and point to the possibility of a short-term bullish shift, moving averages continue to signal strong selling pressure for Aave.

A slide toward the psychologically important $100 level, after the token fails to hold above the $112 support zone, will reinforce this bearish outlook.

As reflected on the daily chart, a breakdown similar to the pattern that has defined AAVE’s price action since late 2025 could accelerate seller dominance and deepen near-term downside risks.

The current downturn could push the price toward the $75–$80 demand zone in the near term, an area that aligns with a key Fibonacci retracement level.

A move into this range would place Aave back at levels last seen in early 2024.

On the upside, renewed momentum would likely require a sustained weekly close above $140.

Such a move would depend on rising trading volumes, with $120 acting as initial support and $144 as a secondary resistance level before higher targets come into view.

Meanwhile, the daily Relative Strength Index is hovering near neutral territory around 34, giving sellers some room to maintain pressure.

Analysts note this setup could increase the risk of a short-term false breakout before a clearer directional move emerges.

The post AAVE price risks fresh plunge under $100, bears eye 2-year lows appeared first on CoinJournal.

• Cardano (ADA) may rebound if it breaks resistance near $0.31–$0.35.
• Leios upgrade aims to boost Cardano’s speed, security, and decentralisation.
• CME futures launch adds regulated institutional exposure to ADA.

Cardano (ADA) has struggled to regain momentum over the past year.

Currently, ADA is trading at $0.2635, with a slight 0.7% increase in the last 24 hours.

The 24-hour range spans from $0.2611 to $0.2723, reflecting modest intraday volatility.

Over the last seven days, ADA has lost about 11%, and its one-year performance remains down 62.4%.

Despite the persistent bear market, Cardano’s trading volumes over 24 hours remain significantly high at $407.8 million, indicating that the token continues to see active trading.

Market catalysts and institutional support

Cardano’s broader market outlook is influenced by the upcoming layer-1 upgrade dubbed Ouroboros Leios.

The Ouroboros Leios upgrade, confirmed at a Tokyo community event on the Midnight Japan Tour by Input Output’s Michael Smolenski and Cardano founder Charles Hoskinson, is expected to improve scalability, security, and decentralisation.

Leios will introduce parallel block processing to increase transaction throughput dramatically.

If successful, this upgrade could address the blockchain trilemma and attract more developers and users to the network.

On the institutional front, the CME Group recently launched ADA futures, including standard and micro contracts.

Cardano, Chainlink and Stellar futures are now available to trade.

Expand your trading strategy with the capital efficiency and flexibility of these new contracts, available in both larger and micro sizes.

Start trading today. ➡️https://t.co/CMksnUfZpo pic.twitter.com/19thOQHGZk

— CME Group (@CMEGroup) February 9, 2026

These futures provide regulated exposure to Cardano for professional traders and investors.

The addition of micro contracts lowers the entry barrier and may boost liquidity in the short to medium term.

Historical price data also provides context.

ADA’s all-time high was $3.09 in September 2021, while its all-time low of $0.01925 in March 2020 demonstrates the token’s extreme volatility.

Despite its current decline, ADA has grown by over 1,200% from its lowest point, showing long-term resilience.

Cardano technical outlook

From a technical standpoint, ADA faces key resistance around $0.28 to $0.31, which could define the short-term trajectory.

The Relative Strength Index (RSI) is near 33, suggesting the token is approaching oversold conditions.

The Moving Average Convergence Divergence (MACD) indicator also shows bearish momentum, although the potential for reversal exists if buyers step in.

Bollinger Bands indicate that the price is near the lower range, hinting at some room for a bounce.

On the upside, a recovery above $0.31 could open the path toward $0.35, while a failure to hold support near $0.25–$0.26 may push ADA lower.

Analysts note that an inverse head-and-shoulders pattern may be forming, signalling a potential trend reversal.

They highlight that a breakout above $0.275–$0.28 could target $0.346, representing roughly a 30% upside from current levels if the selling pressure continues to ease and trading volume confirms the move.

Ultimately, ADA’s next move will depend on whether buyers gain confidence and push the token above resistance.

The post Cardano price forecast: will ADA breakout or decline further from here? appeared first on CoinJournal.