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Solana price near key $75 support as RSI oversold signals potential bounce

  • Solana (SOL) currently trades near $83 after a nearly 39% monthly drop.
  • Weekly and daily RSI signal the token is oversold, hinting at a possible short bounce.
  • The key support around $75 is critical to prevent further decline.

Solana (SOL) has been under intense pressure in recent weeks.

The altcoin currently trades around $83, down nearly 39% over the past month.

This decline comes amid broader weakness in the crypto market and low retail engagement.

Technical analysis shows that SOL’s weekly Relative Strength Index (RSI) is deeply oversold.

Some are suggesting that the token may have reached a “final dip,” referencing a long-term structural support around the $75 level, and eyes are now on whether this support can hold.

Solana price technical analysis

From a technical standpoint, Solana’s trading volume remains high, with over $3.9 billion exchanging in the past 24 hours.

But despite this high activity, the token is trading well below key moving averages.

The 50-day and 200-day averages now act as the immediate resistance levels and remain out of reach for now.

Short-term momentum indicators, including the MACD histogram, have flattened, reflecting waning bearish momentum.

In addition, on the daily and weekly charts, RSI remains near historic lows, indicating extreme oversold conditions.

Solana price chart
Solana price chart | Source: TradingView

This combination suggests potential for a short-term relief bounce, though trend reversal is not guaranteed.

Market sentiment shows a muted retail engagement

Retail interest in Solana remains muted, with recent reports showing low futures open interest, signalling that traders are reducing exposure.

Derivatives funding rates are also negative, suggesting bias toward short positions.

Solana ETFs have also recorded outflows, reinforcing weak institutional participation.

Analysts note that these factors add to the bearish pressure on the token.

Still, technical indicators hint at a potential stabilisation near critical support zones, with the $75 level having been repeatedly cited as key support in recent forecasts.

Breaking below this threshold could open the door to further downside, possibly toward $67 or even $51 in extreme scenarios.

On the upside, recovery faces resistance around $111 and $138, which would need to be breached to shift the market sentiment positively.

Long-term Solana market analysis

Long-term forecasts for Solana remain mixed.

Some analysts foresee recovery toward the mid-$100s if support holds and broader market conditions improve.

Bullish projections even extend toward $250, though these are contingent on sustained buying pressure and macro-level stability.

For now, the focus remains on short-term price stability.

Investors and traders should keep a close eye on the $75 support, viewing it as a potential floor for consolidation.

SOL’s trajectory will likely depend on a combination of market sentiment, institutional flows, and technical momentum.

As it stands, Solana is navigating a critical juncture where its next move could define the tone for the coming months.

The post Solana price near key $75 support as RSI oversold signals potential bounce appeared first on CoinJournal.

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WLFI price outlook as bulls target key resistance at $0.14

  • World Liberty Financial’s price traded to highs of $0.1145 in the early hours on Monday.
  • The WLFI token could break to $0.14 or higher if bulls hold.
  • Broader market conditions may derail the momentum.

WLFI, the native token of the World Liberty Financial project, posted double-digit gains early on Monday, rebounding from losses that saw prices slide to lows near $0.09 on Friday.

Data from CoinMarketCap showed WLFI climbing more than 12% to intraday highs of $0.1145, placing it among the day’s top performers alongside Axie Infinity.

The rally was supported by a sharp rise in trading activity, with 24-hour volume surging 98% to more than $228 million.

The move also coincided with Bitcoin and Ethereum hovering near $70,000 and $2,000, respectively.

The rebound suggests the token is attempting to recover quickly from the lows recorded during last week’s broader market sell-off.

WLFI price jumps to near $0.12

WLFI’s upward momentum propelled the token close to $0.12, with likely bullish drivers being a confluence of whale accumulation and an upcoming high-profile event.

Blockchain analytics firm Lookonchain reported that a new wallet had deployed $10 million in USDC to acquire 47.6 million WLFI tokens.

The large purchase was at an average price of $0.109, and data showed the whale still held more than $4.8 million of dry powder ready for fresh buying.

Adding to the bullish sentiment is the anticipation surrounding the World Liberty Forum.

The event is slated for February 18 at Mar-a-Lago, and could feature investment heavyweights from Goldman Sachs, Franklin Templeton, and FIFA.

These developments come despite the latest spotlight on World Liberty Financial from Democrats, largely around the $500 million investment into the project by the UAE.

Investors defying the negative sentiment from this development look to have added to the buying pressure that pushed WLFI toward the $0.12 supply wall.

World Liberty Financial price prediction

Technical indicators on WLFI’s four-hour chart point to a strengthening near-term outlook, with prices trading above the midline of a descending channel.

Further upside could see the token test the upper boundary of the channel.

From a technical perspective, this setup suggests the potential for a breakout, with a key supply zone located around $0.14.

WLFI Price Chart
WLFI price chart by TradingView

Momentum indicators are also supportive. The Moving Average Convergence Divergence (MACD) has registered a bullish crossover, while the Relative Strength Index (RSI) is hovering near 47, indicating neutral-to-bullish conditions as the market recovers from earlier overbought levels.

Traders are now focused on $0.14 as the main resistance level.

A sustained move above this zone could open the way toward $0.16, where the upper Bollinger Band and previous support levels converge.

On the downside, a failure to hold support near $0.13 could trigger a pullback toward the lower end of the channel, around $0.10, underscoring the importance of strong volume confirmation for any further upside move.

The post WLFI price outlook as bulls target key resistance at $0.14 appeared first on CoinJournal.

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Is the Ethereum rebound over? ETH price slips towards $2k after hitting $2,136

  • Ethereum (ETH) drops toward $2,000 amid continued market volatility and selling pressure.
  • Whale moves, ETF activity, and Bitcoin weakness fuel the recent decline.
  • MVRV suggests ETH may be near a historical bottom, signalling potential rebound.

Ethereum’s recent rebound appears to be losing steam after the cryptocurrency reached a high of $2,136.

The coin is now quickly slipping towards the $2,000 mark, marking a continuation of a downtrend that has persisted over the past month.

Ethereum (ETH) is currently trading around $2,015, representing a 34.9% decline over the last month.

The sharp monthly decline is part of a broader pattern of volatility in the crypto market this year.

Trading volumes, however, remain elevated, with over $21.5 billion worth of tokens exchanged in the last 24 hours.

Market factors driving the ETH price decline

Several factors are contributing to Ethereum’s recent weakness.

One of the main drivers is elevated volatility in the derivatives and ETF markets.

Recent activity in Ethereum ETFs and Bitcoin-linked derivatives has amplified price swings.

Whale movements have also added pressure.

Large holders transferring ETH to exchanges can trigger panic selling, and reports indicate this has happened in recent weeks.

Bitcoin’s recent weakness has further weighed on Ethereum, given the strong correlation between the two cryptocurrencies.

Analysts also point to the breakdown of key support levels near $3,000 as a signal of continued downside risk.

Ethereum’s 7-day range of $1,824 to $2,369 highlights just how volatile the market has been.

But despite the downward pressure, Ethereum’s network activity remains robust.

Daily transactions and active addresses have not declined, signalling that usage of the blockchain remains strong.

This suggests that fundamentals may still support the network even if prices are under pressure.

Could a market bottom be near?

On-chain analysis offers a possible silver lining for Ethereum investors.

The Market Value to Realised Value (MVRV) metric on Santiment indicates that ETH has approached historically significant levels.

The coin recently traded below the 0.80 MVRV pricing band, a zone that historically corresponds with market bottoms.

This level often signals that many investors are at a loss, creating conditions for accumulation.

Previous dips below this band have been followed by sustained price recoveries over weeks and months.

Current readings suggest Ethereum is undervalued relative to recent history, though the deepest bottom has not yet been confirmed.

If ETH continues to hold near $2,000 and rebounds, it could mark the start of a longer-term recovery phase.

Traders and long-term holders will be watching closely for confirmation of support around this level.

Ultimately, the short-term trend is bearish, but on-chain indicators suggest that Ethereum’s decline may be nearing a turning point.

The coming days will be critical in determining whether ETH stabilises or continues its descent toward lower support levels.

The post Is the Ethereum rebound over? ETH price slips towards $2k after hitting $2,136 appeared first on CoinJournal.

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Axie Infinity price jumps 15% after bounce, dead cat bounce risk remains

  • AXS jumps over 15% after bouncing off $1.20 support amid rising trading activity.
  • bAXS rollout and higher volume fuel rally, but broader market sentiment stays weak.
  • Failure above $1.60 may signal a dead cat bounce, with downside risk toward $0.80.

Gaming token Axie Infinity is up by more than 15% in the past 24 hours as bulls show a notable bounce off the $1.20 support level.

The AXS price ticked up amid heightened trader activity, with the intraday surge pushing the cryptocurrency towards the top 100 by market capitalization.

However, with sentiment across the market still fragile, the big question is whether the upward move signals renewed bullish momentum or merely a fleeting “dead cat bounce”.

Why is Axie Infinity price up today?

AXS is among the top altcoin gainers with double-digit advances on February 9, 2026, posting gains that outpace all top 10 coins by market cap.

This outperformance coincides with Bitcoin’s steady hold above $70,000, bolstered by fresh institutional buying such as Binance’s acquisition of 4,225 BTC as it looks to convert its $1 billion SAFU Fund into BTC.

While the buying, much like Strategy’s (formerly known as MicoStrategy) BTC purchase over the past weeks, has not triggered bulls, stability has benefited small altcoins.

Notably, trader interest in AXS has also spiked following recent announcements from Sky Mavis, the developer behind Axie Infinity, regarding the rollout of bAXS.

The token offers in-ecosystem utility as well as staking and gameplay rewards, and bulls have shown excitement since the news.

Axie Infinity price outlook: Momentum or dead cat bounce?

AXS recently surged to highs near $3 earlier in the year, before plummeting sharply amid last week’s market bloodbath.

The intraday gains of over 15% has therefore emboldened bulls, who targeted strength above $1.50.

Accompanied by a 250% spike in trading volume, AXS rose to above $1.56 as of writing.

The 4-hour chart shows a potential falling wedge breakout, with the RSI and MACD signaling room for more gains.

Axie Infinity Price Chart
Axie Infinity price chart by TradingView

However, the broader crypto market remains mired in bearish sentiment.

Weakness, despite the impending bAXS airdrop, also saw bears retest the downtrend line from above $4.54.

Losses may mean fleeting gains or what analysts call a “dead cat bounce” scenario.

The outlook of the RSI on the 4-hour chart suggests fresh selling may strengthen this prospect.

In this case, a breakdown below the pivotal $1.20 support could accelerate downside momentum, potentially driving AXS toward lows of $0.80.

Prior accumulation zones sit here and might offer relief.

On the downside, a decisive close above $1.60 could invalidate the short-term bearish setup and allow buyers to test horizontal resistance near $3.00.

The post Axie Infinity price jumps 15% after bounce, dead cat bounce risk remains appeared first on CoinJournal.

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Bitcoin price outlook: buy signals appear amid deep BTC correction

  • Bitcoin (BTC) is showing early buy signals amid an ongoing correction near $69,500.
  • The key support levels at $65,800 and $60,100 attract dip buyers.
  • A break above $74,500 could trigger renewed bullish momentum.

Bitcoin has been in a volatile state over the past month, with prices hovering near $69,500.

The cryptocurrency has faced a 23.2% drop over the last month, signalling a deeper correction in progress.

Despite the decline, recent market activity suggests early buy signals are starting to emerge.

Bitcoin price trapped in a sideways phase

BTC is currently trading in a sideways range between $62,800 and $78,900 over the past seven days.

This range indicates indecision among traders, with neither bulls nor bears fully controlling the market.

Analyst Doctor Profit warn that this sideways phase could be a trap, potentially leading to a deeper drop toward $44,000–$50,000.

However, this view is balanced by macroeconomic developments that may provide temporary support for Bitcoin.

The recent rebound above $70,000 came after a short squeeze pushed BTC higher, liquidating over $245 million in positions.

This shows that buying pressure still exists, particularly from opportunistic traders looking to enter at perceived lows.

Liquidity remains relatively strong, with 24-hour trading volume exceeding $46 billion, suggesting continued investor participation.

Bitcoin technical outlook: the buy signals

From a technical standpoint, Bitcoin remains capped below key resistance at $69,000–$69,500.

Breaking above this level is essential for bulls to regain control of short-term momentum.

On the flip side, the support levels at $65,800 and $60,100 provide clear thresholds where buyers may step in.

Recent dip buying indicates that some traders are accumulating Bitcoin during the correction.

Notably, the reset of leveraged positions in derivatives markets points to reduced short-term selling pressure.

Meanwhile, macro factors such as strong US economic data and Federal Reserve liquidity injections provide additional tailwinds.

Political events like Japan’s election have also lifted global risk appetite, indirectly supporting BTC and other risk assets.

Historical trends show that Bitcoin often experiences deep corrections after major rallies, making the current slump consistent with past market cycles.

The all-time high of $126,080, reached in October 2025, remains distant, but the current consolidation may offer opportunities for medium-term accumulation.

Analysts emphasise that patience is critical, as further volatility is expected before a sustained uptrend emerges.

Bulls should watch these key technical zones carefully, knowing that a breakout above $74,500 could signal renewed upward momentum.

Conversely, a fall below $65,800 could intensify selling and extend the correction phase.

Overall, the market is balancing between lingering bearish pressure and emerging buying interest, creating a cautious but potentially rewarding environment.

Investors with a longer-term perspective may view current prices as an entry point amid market-wide corrections.

Short-term traders should remain alert to both upside breakouts and downside risks in the coming weeks.

The post Bitcoin price outlook: buy signals appear amid deep BTC correction appeared first on CoinJournal.