Kategorie: Crypto News

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TRON extends downturn from $0.32 on broader crypto woes

  • TRON (TRX) has extended its decline amid a widespread cryptocurrency market pullback.
  • Prices have dropped further from recent highs near $0.32 and could slide to lows of $0.25.
  • Market conditions, including Bitcoin’s performance, will dictate overall movement.

Latest market data shows the TRON token slipping below key support levels at $0.30, with this coming amid downward pressures related to geopolitical and macroeconomic uncertainty.

This comes as reduced risk appetite impacts top coins. Broader market losses tied to jitters around souring US-EU trade relations have spooked investors.

On Tuesday, Bitcoin dropped below $90,000 and briefly slid to $87,800.

Ethereum slid to under $3,000 amid sharp losses for US stocks, while Solana, BNB and XRP all fell below key support levels.

TRON price slips below $0.30

As crypto caught a bid last week, TRON’s price jumped to $0.32.

However, with bulls retreating across the market, the altcoin has once again breached the critical $0.30 support level.

Volume-driven selling has accelerated the drop, with the token now trading near $0.29 as of writing.

The 24-hour trading volume is up 22% to over $770 million.

This slip echoes patterns seen in late 2025, when TRX hovered around $0.28 to $0.30 amid similar market hesitancy.

While the token showed signs of pulling higher,  it generally has underperformed the broader crypto index.

The repeated test of the psychological support and resistance zone highlights indecisiveness.

Technical analysis: What next for TRON?

TRX displays weakening bullish momentum on the daily chart.

As can be seen,  the MACD signals a reversal with the histogram contracting.

Meanwhile, an RSI near 47 signals a potential acceleration towards oversold territory.

On the daily chart above, we can see the TRX price rose as RSI climbed to hit overbought conditions.

The pullback follows these gains and points to profit-taking.

Declines have pushed prices below the support line of a narrow ascending channel, and failure to reclaim $0.30 could allow bears to target lower supports at $0.25.

The 50-day exponential moving average currently acts as key reload zone near $0.29.

TRON Price Chart
TRON price chart by TradingView

As such, upside potential remains if buying interest rebounds amid broader market recovery.

Bulls’ first targets lie in the $0.32-$0.33 resistance zone. Short term, with momentum hinging on broader market conditions, will see bulls eye $0.38 and $0.50.

How BTC navigates the negative terrain is crucial for altcoins, as an extension of bearish price action spells doom for buyers across the crypto market.

The post TRON extends downturn from $0.32 on broader crypto woes appeared first on CoinJournal.

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Bitcoin touches lows of $87,800 as gold hits new record high

  • Bitcoin fell to lows of $87,800 on Tuesday before bouncing to above $89,000.
  • Losses for BTC came as gold hit new record high above $4,870.
  • Galaxy Digital CEO Mike Novogratz says bulls need to take out bears around $100,000-$103,000.

Bitcoin dipped to around $87,800 on Tuesday, breaking lower as risk assets struggled.

However, amid waning investor confidence in the bellwether digital asset, gold has surged to new record highs.

Industry heavyweight Mike Novogratz says the flagship digital asset needs to reclaim the $100,000 mark to resume its uptrend.

Bitcoin price bounces off $87,800 low

Broader market uncertainty, including geopolitical tensions, has kept Bitcoin below the psychologically important $100,000 level.

In the latest session, the cryptocurrency slipped under $90,000, with data from CoinMarketCap showing intraday lows of $87,814 on major exchanges.

Bitcoin’s rally earlier this year was driven by strong institutional demand, but that momentum has eased in recent weeks.

In contrast, gold has climbed to fresh record highs above $4,870, reinforcing its role as a safe-haven asset amid heightened geopolitical risks and ongoing macroeconomic pressures.

Mike Novogratz, the outspoken CEO of Galaxy Digital Holdings, weighed in on Bitcoin’s current woes via a post on X.

Novogratz, a veteran Wall Street trader turned crypto evangelist,  notes that Bitcoin could regain its upward momentum if bulls reclaim the $100,000-$103,000 level.

“The gold price is telling us we are losing reserve currency status at an accelerating rate.   The long bond selling off is not a good sign either,” he posted on X. “BTC is disappointing as it is still being met with selling.  I will reiterate it has to take out 100-103k to regain its upward trend. I think it will, in time.”

Bitcoin price technical outlook

From a technical perspective, the declines have pushed prices beneath the critical 61.8% Fibonacci retracement level calculated from its April low of $74,400 to October’s record peak of $126,198.

Bears have also breached the key support zone at the 50-day Exponential Moving Average (EMA) at $92,066 and a prior upper consolidation boundary near $90,000.

Bitcoin Price Chart
Bitcoin price chart by TradingView

Other technical signals reinforcing the pessimistic outlook include the Relative Strength Index (RSI), which currently stands at 42.

Notably, the Moving Average Convergence Divergence (MACD) indicator has also flashed a bearish crossover, suggesting sellers are in control.

Volume profiles indicate thinning buying interest, which could exacerbate downside risks if headwinds persist.

A sustained close below $87,700 could accelerate the downturn toward the lower channel boundary at $85,450.

The demand reload zone aligns with the 78.6% Fibonacci retracement level.

The post Bitcoin touches lows of $87,800 as gold hits new record high appeared first on CoinJournal.

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Litecoin dips below $70 as geopolitical tensions throttle crypto momentum

  • Litecoin price fell below $70, trading to lows seen in April 2025.
  • Declines follow a broader cryptocurrency market downturn amid geopolitical tensions.
  • Bitcoin and Ethereum dropped to key support levels.

Litecoin (LTC) price has turned negative amid mounting downward pressure, with a slight dip in the past 24 hours pushing LTC below the critical $70 mark.

Seller dominance has the altcoin trading nearly 10% down over the past week.

This comes amid escalating geopolitical tensions fueled by uncertainties surrounding Greenland and the United States’ interest in the Arctic territory currently under Denmark.

It’s this dampening risk appetite across digital assets that has Litecoin at risk amid a correction to levels seen in April last year.

Litecoin fails to hold $70 support

Litecoin’s price action turned bearish after hitting a high of $84 on January 6, 2026.

A series of lower highs and lows led to today’s breach of the psychologically vital $70 support level.

It’s the first time in nearly a year, with market data showing LTC dipped to a low of $68.45 during early US trading hours on Jan. 20.

Daily volume, however, shrank 45% to about $413 million, indicating a potential thaw in heavy selling.

Litecoin Price Chart
Litecoin price chart by TradingView

Interestingly, the $70 level coincides with a long-term downtrend line from early 2020.

The weekly chart also shows that the 50-week exponential moving average (EMA) is about to cross below the 200-week EMA.

A 50‑week EMA crossing below the 200‑week EMA is generally interpreted as a long‑term bearish signal.

In technical analysis, this is a “death cross,” and often suggests downside or weak performance, in this case, it suggests the recent trend has weakened.

The weekly RSI is downsloping but not yet in oversold territory, but last time it touched the threshold, the LTC price hit lows of $46.

On-chain metrics also reveal a surge in long-position liquidations.

According to Coinglass data, Litecoin has seen close to $800,000 in 24 hour liquidations. Meanwhile, open interest at $564 million points to potential exacerbation of the slide.

The areas around $62 and $51 offer the next support zones.

Bitcoin, Ethereum fall to key levels

Global stocks fell on Tuesday, and mirroring the move is Bitcoin (BTC), which extended its correction amid the geopolitical tensions related to Greenland.

BTC has fallen to near $90,000, with buyers unable to reclaim key levels despite bullish corporate signals. Strategy’s announcement of acquiring 22,305 BTC for $2.13 billion, at an average of $95,284 per coin, did not lift buyers.

Among top altcoins, Ethereum (ETH) has shed over 5% in the past 24 hours to hover near $3,000.

XRP has again failed to rally amid a recent spike and slipped to $1.92 as cryptocurrencies struggled.

Geopolitical risks may see these coins tumble further.

The post Litecoin dips below $70 as geopolitical tensions throttle crypto momentum appeared first on CoinJournal.

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Optimism (OP) slips toward $0.25 ahead of Jan. 22 buyback vote

  • The Optimism Foundation’s proposal for a token buyback goes to a vote on January 22, 2026.
  • OP price has fallen sharply over the past year, and sentiment is largely bearish.
  • The buyback could catalyze gains, with OP eyeing $0.52-$0.75.

Optimism’s OP token changed hands around $0.30 on Tuesday, January 20, 2026, slightly up in the past 24 hours as the community edges towards a key governance vote.

But having traded to intraday highs of $0.37 last week, the token’s dip to current levels risks allowing for a pullback to all-time lows of $0.25 reached in December.

Can Optimism Foundation’s plans for a buyback program that commits Superchain revenue to monthly OP purchases bolster bulls?

​Optimism buyback details and implications

Optimism is set for a governance vote on January 22, 2026, following a proposal floated earlier this month.

The Optimism Foundation wants community approval to allocate half of the sequencer fees for open-market buybacks of OP.

If the vote passes, the program will start in February, with 50% of Superchain revenue flowing to Optimism. Repurchases are set to occur over the next year.

The remaining 50% funds will be allocated to ecosystem grants, maintaining flexibility.

As with other  models, such as dYdX’s 75% fee buybacks, Optimism aims to buy from the market. However, the tokens go back to the OP treasury rather than direct burns.

If the latter happens, supply reduction will signal confidence in OP and Superchain’s dominance.

“With this buyback mechanism, OP transitions from a pure governance token to a token that is tightly aligned with the growth of the Superchain,” Optimism wrote at the time.

The mechanism targets every enterprise that creates a new chain on the Superchain, with these expected to add to the underlying demand for OP.

​OP token price forecast

The Optimism (OP) price is down nearly 94% from its peak of $4.85 reached in March 2024. The downtrend has crushed holder sentiment, and despite the buyback proposal, the outlook is largely bearish.

Bears may hold this advantage unless Optimism for instance, burns the repurchased tokens. BNB’s quarterly burns have helped the token’s price storm to new highs.

In the short term, a post-vote rally could push prices to $0.52.

Optimism Price Chart
Optimism price chart by TradingView

As the daily chart above indicates, the 50-day and 200-day exponential moving averages act as supply zones at $0.32 and $0.51 (currently).

Targets in the $0.60-$0.75 range are a possibility should the crypto market experience a rebound from current downward pressure.

Gains for Ethereum and top ecosystem tokens will catalyse this likely OP bounce.

However, bearish pressure means the psychological $1 mark remains well off the threshold for now.

Major token unlocks will continue to cap gains, too, and a dip to $0.25 on fresh downward catalysts will encourage sellers.

The post Optimism (OP) slips toward $0.25 ahead of Jan. 22 buyback vote appeared first on CoinJournal.

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Everclear launches cross-chain asset settlement on Mantle, enabling 60-second wETH-to-mETH swaps

  • Swap wETH to Mantle’s mETH from major chains in under 60 seconds.
  • No traditional bridges, slippage, or complex onboarding steps required.
  • Netting + rebalancing cuts liquidity fragmentation and operational costs.

The blockchain industry’s liquidity fragmentation problem has a new solution.

Everclear, the interoperability protocol formerly known as Connext, has launched cross-chain asset settlement on Mantle Network.

The partnership will allow users to convert wrapped Ethereum (wETH) from major chains including Ethereum, Arbitrum, Base, and Polygon directly into Mantle’s mETH token in under 60 seconds.

The integration bypasses traditional bridging entirely, marking a significant infrastructure breakthrough for decentralized finance adoption.​

The partnership tackles one of DeFi’s most stubborn challenges: liquidity fragmentation.

As blockchain ecosystems have proliferated, identical assets now exist in multiple representations across different networks.

This fragmentation creates inefficiency, higher costs, and friction that deters both retail and institutional participation.

Everclear’s clearing infrastructure solves this problem by netting cross-chain flows and automatically rebalancing inventory, dramatically reducing redundant liquidity and operational costs.​

How the settlement layer works

The mechanics are elegant in their simplicity. Users holding wETH on any supported chain select Mantle as their destination.

Everclear’s solver network fills the intent immediately, delivering mETH to the user’s wallet while managing settlement and rebalancing operations behind the scenes at optimal pricing.

The result is zero slippage, fast execution, and capital efficiency that traditional bridges cannot match.​

Nikita Bulgakov from the Everclear Foundation explained the vision:

Everclear was built to be the settlement layer for a fragmented, multi-asset future. By connecting different representations of the same asset, we enable partners like Mantle and mETH Protocol to offer a truly chain-abstracted experience to users.​

Accelerating Mantle’s institutional adoption

Mantle has emerged as a serious contender in the liquidity infrastructure space, anchoring over $4 billion in community-owned assets and positioning itself as the premier gateway for institutions connecting with on-chain liquidity and real-world assets.

The mETH Protocol, Mantle’s flagship liquid staking solution, achieved a peak total value locked of $2.19 billion and is now integrated across 40+ major platforms including Bybit, Ethena, and leading custody providers like P2P and Copper.

“Real-world usability of on-chain assets depends on efficient settlement across chains,” said Emily Bao, Key Advisor of Mantle.

This integration reinforces Mantle’s RWA and ETH-native strategy by removing onboarding friction and enabling capital to flow into the ecosystem in a more scalable, institutional-grade way.

The Everclear partnership removes a critical barrier to growth.

Previously, users navigating multiple chains faced bridge risks, slippage costs, and complexity that discouraged participation. Now, onboarding becomes frictionless.

Expanding the settlement layer

Everclear already processes approximately $400 million in monthly volume across blue-chip assets and stablecoins, serving professional users including market makers, solvers, bridges, and exchanges.

The Mantle launch marks the beginning of expanded cross-asset settlement capabilities, with plans to support additional ETH-based assets, stablecoins, and emerging blockchain networks.​

This development underscores the industry’s evolution toward chain-abstracted finance, where users and institutions interact with blockchain infrastructure without managing underlying complexity.

For the DeFi ecosystem, it represents a meaningful step toward mainstream adoption.

The post Everclear launches cross-chain asset settlement on Mantle, enabling 60-second wETH-to-mETH swaps appeared first on CoinJournal.