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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.

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Bitcoin retests $70K as veteran trader flags ‘ugly’ setup

  • Bitcoin traded to intraday lows of $70,500 amid key macro and geopolitical-related events.
  • Veteran trader Peter Brandt has highlighted a potential bearish retest of support.
  • The Iran war and inflation concerns tick potential negative catalysts boxes.

Bitcoin price flipped lower to trade below $70,500 as sellers showed fresh strength, with BTC down as cryptocurrencies reacted to US inflation data, the Federal Reserve’s rate decision, and the escalation in the Iran war.

Veteran trader Peter Brandt has shared his outlook for BTC in terms of technical setup, noting that a constructive “horn” remains in play. However, it could also be an “ugly” flag pattern.

BTC price 24-hour performance

Bitcoin is currently trading at approximately $70,850 as of March 19, 2026.

The benchmark digital asset has declined by nearly 4% over the past 24 hours, sliding from highs near $74,800 amid a confluence of negative catalysts.

Notably, the price movement ties directly to global events.

The ongoing Iran-Israel conflict, now in its third week, has escalated with Iran’s missile strikes in the Gulf after Israel eliminated key Iranian figure Ali Larijani.

This has spiked oil prices, fueling inflation fears and contributing to Bitcoin’s risk-off sentiment, as seen in prior dips below $64,000 after initial attacks.

Meanwhile, the US Federal Reserve’s March meeting held interest rates steady, citing inflation and uncertainty over the direction of the war in Iran and its impact on global energy markets.

Fed Chair Jerome Powell emphasized a cautious stance, delaying cuts amid rising inflation risks, which prompted a retreat across risk assets.

Earlier in the day, US inflation data showed the producer price index (PPI) coming in hotter than expected. BTC fell from above $74,000 as traders turned their attention to the further impact of the war.

BTC price forecast: Brandt’s shares potential “ugly” outlook

Peter Brandt, known for his classical charting expertise, highlighted Bitcoin’s potential price setup via a post on the social media platform X.

“The horn is constructive. The flag is ugly. Take your pick,” he cautioned as downside pressure resurfaced.

A look at the chart suggests a “horn” pattern that represents a volatile, widening formation.

In terms of technical setup, this signals a potential breakout momentum if Bitcoin pushes through upper resistance.

​Brandt’s chart shows consolidation above macro support, with price poised near the range top. If bulls manage to reclaim $74,000, a move to the $80,000 could materialize.

However, the flag pattern suggests action could turn bearish amid the macro and geopolitical factors.

Bitcoin price on the daily chart indicates rejection at the recent top could be another bearish wedge pattern, ex-fund manager Aksel Kibar notes.

Potentially, bears could target a retest of $68,000. Any further decline may see BTC revisit the $65,000-$60,000 range.

The post Bitcoin retests $70K as veteran trader flags ‘ugly’ setup appeared first on CoinJournal.

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Hedera nears $0.10: is HBAR ready for a breakout?”

  • Hedera (HBAR) gains on ecosystem token listings and growing exchange support.
  • Google, IBM, and Deutsche Telekom back Hedera Hashgraph, boosting credibility.
  • Breaking above the resistance at $0.1051 could target $0.15 in coming months.

Hedera is showing renewed momentum as its price hovers around $0.10, signaling potential for a near-term breakout.

The cryptocurrency has outperformed Bitcoin (BTC) over the past 24 hours, gaining 1.5% despite low overall market activity.

Much of this movement is being driven by growing visibility and adoption of the Hedera ecosystem on major exchanges.

Kraken’s recent listings of Hedera-native tokens, including lending protocol BONZO and community tokens like $SAUCE, have brought attention to the network.

These listings are more than just symbolic. They represent deeper integration and access for investors to the broader Hedera ecosystem.

Volume trends suggest that this price uptick is sentiment-driven rather than a surge of large capital inflows.

This highlights that investor interest is increasingly tied to the network’s fundamental growth.

Enterprise adoption fuels confidence

One of Hedera’s strongest advantages is its backing by major global enterprises.

Companies like Google, IBM, and Deutsche Telekom are active participants in the Hedera Council, giving the Hedera Hashgraph network both governance oversight and credibility.

Council members operate nodes, vote on protocol updates, and guide the technical direction of Hedera.

This governance model appeals to institutional investors who value transparency and accountability in enterprise blockchain solutions.

The involvement of these companies also signals that Hedera is moving beyond speculative trading into real-world enterprise applications.

Analysts point to projects like supply chain tracking and tokenized services as examples where Hedera is already proving its practical value.

This fundamental adoption could be a critical driver for HBAR price growth in the months ahead.

Technical analysis suggests near-term upside

On the technical side, HBAR is testing important support and resistance zones.

Short-term support has held around $0.0942, while immediate resistance is near $0.1051.

Breaking above this level could open the way for further gains toward $0.1174 and possibly $0.1293 according to CoinLore.

Additional near-term resistance exists at around $0.104, marking Fibonacci retracement targets that traders are watching closely.

Hedera price analysis
Hedera (HBAR) price chart | Source: TradingView

A daily close above $0.1014 would signal stronger bullish momentum, while a break below $0.0979 could trigger a pullback toward the 20-day exponential moving average near $0.097.

Analysts suggest that if current support levels hold and momentum continues, HBAR could test the $0.15 level in the medium term.

Upcoming events like the HederaCon 2026, scheduled for early May, could also provide catalysts.

Positive news from the conference could add momentum to HBAR’s price, particularly if it coincides with increased trading activity for ecosystem tokens.

The post Hedera nears $0.10: is HBAR ready for a breakout?” appeared first on CoinJournal.

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Bitcoin price outlook: Citigroup predicts $112K despite regulatory roadblocks

  • Citigroup forecasts Bitcoin at $112,000 despite slow US crypto legislation.
  • Bitcoin price ranges show cautious momentum with potential volatility ahead.
  • Institutional demand remains key amid regulatory uncertainty.

Bitcoin has been steadily climbing over the past week, with its price now sitting around $74,000.

This marks a 6.5% increase over the last seven days, showing renewed momentum after several months of sideways movement.

Citigroup, in its latest update, adjusted its 12-month price forecast for Bitcoin to $112,000, from its previous target of around $143,000.

Citi’s move reflects a cautious optimism shaped by both market dynamics and regulatory developments.

Regulatory headwinds weigh heavily

One of the main reasons for Citigroup’s revised forecast is the slow progress on US cryptocurrency legislation. Lawmakers have yet to finalize clear rules on key issues like stablecoins and decentralized finance.

This lack of clarity is affecting institutional adoption.

Investment firms and hedge funds are hesitant to increase exposure without clear regulatory guidance. The window for passing meaningful crypto laws in the Senate is narrowing.

Internal political divisions are slowing the process further.

Without these legislative catalysts, the market may continue to trade in ranges despite overall optimism.

Citigroup notes that this legislative uncertainty could act as a ceiling for Bitcoin in the near term. Even with strong demand from retail and institutional investors, clear rules are needed to support sustained growth.

What traders should watch out for

Ethereum, Bitcoin’s closest competitor, is also experiencing slower growth due to similar challenges.

Citigroup lowered Ethereum’s 12-month target to $3,175, down from over $4,000. Both cryptocurrencies are influenced by network activity and investor demand, which have shown signs of weakening.

Currently, Bitcoin is trading within a 24-hour range of $73,500 to $74,800, showing relatively stable momentum.

Over the past week, it has moved between $69,000 and $75,600, indicating that volatility is still present.

Citigroup outlines several potential scenarios for Bitcoin’s trajectory. In a bear case, a broader economic downturn or continued regulatory delays could push the price toward $58,000.

On the other hand, strong investor interest and institutional flows could drive it up to $165,000.

These scenarios suggest a wide range of outcomes, highlighting the risks and opportunities for traders.

Even in the base case, Bitcoin is expected to trade around $112,000 within 12 months if adoption trends continue and market confidence improves.

This makes it an attractive, though still volatile, asset for those looking to participate in the cryptocurrency market.

The road ahead is clearly influenced by policy decisions, investor sentiment, and market activity, and traders will need to watch for both regulatory developments and demand signals to navigate this landscape successfully.

The post Bitcoin price outlook: Citigroup predicts $112K despite regulatory roadblocks appeared first on CoinJournal.