Toncoin adoption grows with 87 million Telegram wallet users in the US.Market sentiment remains bearish due to altcoin rotation and whale activity.The resistance at $1.28 will likely define Toncoin’s short-term price movements.Toncoin (TON), the native token of the TON blockchain, has been in the spotlight recently due to the ongoing Sub-Second mainnet activation and its integration with Telegram’s massive user base.💎 The Sub-Second mainnet activation starts now!TON Core has just shared the completion of the Bug Bounty & stated that changes were already implemented. Now they are moving to the next stage – Sub-Second Mainnet activation.For additional reliability, activation will be… pic.twitter.com/ddSdwXDnYM— TON 💎 (@ton_blockchain) April 1, 2026The upgrade, which is scheduled to run from March 31 to April 12, is set to improve the network’s speed, efficiency, and scalability, which could impact Toncoin’s adoption and market behavior.However, despite its technological potential, Toncoin has faced a challenging market environment in recent months.Currently, TON coin trades around $1.23, down about 2.5% over the past 24 hours.This underperformance is largely linked to a broader trend in the crypto market known as altcoin sector rotation, where investors move their capital from higher-risk altcoins into more stable assets.The Altcoin Season Index, which measures market interest in altcoins, has dropped significantly, highlighting the cautious sentiment among traders.This environment has made it difficult for Toncoin to break out from its current range, despite ongoing development progress.TON adoption and ecosystem growthTON’s growth is closely tied to its adoption within Telegram, which now supports over 87 million active users in the United States with its self-custodial TON Wallet.This wallet allows users to transfer and stake Toncoin directly within the messaging app, offering a seamless on-ramp for millions of potential users.Such integration provides Toncoin with a unique advantage, as it could benefit from network effects far faster than many other Layer-1 blockchains.On-chain activity supports this potential, with Toncoin showing consistent daily usage.According to available data, the network records hundreds of thousands of active wallets and millions of daily transactions.This suggests that while Toncoin’s price has been stagnant, actual usage is steadily growing, signaling a foundation for long-term adoption.However, a significant portion of the token supply, around 68%, is held by whales.This concentration increases the risk of large sell-offs, making sudden price spikes less predictable.Toncoin technical analysisToncoin presents an intriguing case of technological potential versus market sentiment.Its integration with Telegram gives it a unique edge, and the Sub-Second mainnet activation may improve network performance, but short-term price action remains uncertain.From a technical perspective the short-term support lies near $1.02, with a secondary floor around $0.81.If the price rebounds following the Sub-Second mainnet activation, the immediate resistance sits at $1.34, followed by higher resistance levels at $1.50 and $1.90.Toncoin price analysisHistorically, a break above $1.28 has always meant momentum for higher price ranges.But while the Sub-Second mainnet activation could provide a short-term positive driver, the token’s price is still largely influenced by broader market conditions rather than project-specific developments.On the downside, analysts highlight that failure to hold the $1.20 level could lead to tests of the yearly low around $1.10, especially if broader altcoin rotation continues.The post Toncoin struggles near $1.23 despite Telegram boost and upgrade push appeared first on CoinJournal.

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Key takeawaysBitcoin is holding near $69K as Iran-related geopolitical tensions keep markets cautious.Rising oil prices and inflation concerns are limiting upside, but strong ETF inflows and institutional support are helping BTC stay resilient.Bitcoin is trading sideways near the $69,000 mark as investors remain cautious amid escalating geopolitical tensions tied to the conflict in Iran.The leading cryptocurrency briefly pushed above $70,000 on Monday—its first move past that level since March—but failed to sustain momentum. Geopolitics dominate market sentimentThe ongoing situation in Iran continues to shape global risk appetite. U.S. President Donald Trump has warned of severe consequences if a deal to reopen the Strait of Hormuz is not reached by the Tuesday 20:00 ET deadline.Iran has rejected a proposed 45-day ceasefire, instead calling for a permanent end to hostilities alongside the removal of sanctions.For Bitcoin, this macro backdrop is significant—higher oil prices tend to support inflation, push Treasury yields higher, and reinforce expectations that the Federal Reserve will keep interest rates elevated for longer.Despite the current situation, Bitcoin has held up better than some traditional markets. While it has not staged a breakout, its ability to maintain levels above $65,000 suggests underlying support from positioning and institutional demand.Meanwhile, Gold has lost more than 10% of its value as investors scale back expectations for Federal Reserve rate cuts this year.Flows into spot Bitcoin ETFs have been a key factor. After four consecutive months of outflows, March saw $1.2 billion in net inflows. Momentum has continued into April, with spot ETFs recording $471.3 million in inflows in a single day—the largest since February.These inflows have helped keep Bitcoin’s price, although resistance near $76,000 continues to cap upside.For Bitcoin to break higher, a clear catalyst is likely required. A confirmed ceasefire between the U.S. and Iran could be pivotal, particularly if it drives oil prices below $100 per barrel and alleviates inflation concerns.Technical forecast: Bitcoin eyes the $70k resistance once againThe BTC/USD 4-hour chart remains bearish and efficient as Bitcoin continues to defend the $65,000 support level. The price has recovered from this low and is testing resistance around 69k, the 50-day EMA, and the lower band of the rising channel. The RSI of 61 on the 4-hour chart is above the neutral level, indicating a growing bullish bias. The MACD lines are also above the zero line, adding further confluence to the bullish narrative. Buyers will need to rise above $69,000 to bring $74,000 into focus, the mid-point of the rising channel and the falling trendline resistance dating back to October’s $126,000 record high. BTC/USD 4H ChartA surge above the $74,000 resistance level would allow BTC to test the March high of $76,000 in the near term. However, failure to rally higher would see the bears push the price towards the $65,000 support level once again. The post Bitcoin steadies above $68K as Iran tensions keep markets on edge appeared first on CoinJournal.

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Shiba Inu (SHIB) faces selling pressure amid rising exchange inflows.The SHIB price remains stuck below the key $0.0000060 resistance.Breakdown below the support at $0.0000053 may trigger a drop below $0.0000050.The price outlook for Shiba Inu (SHIB) is starting to tilt bearish as the token continues to struggle below the $0.0000060 level.Recent price action shows that despite a brief attempt to push higher, momentum has faded quickly, leaving SHIB trading near $0.0000058.Over the past 24 hours, SHIB has declined by around 3%, underperforming a weak crypto market.While the broader crypto market pullback has played a role, the weakness in SHIB appears more pronounced, suggesting that internal factors are also driving the decline.Selling pressure and fading confidence weigh on SHIBOne of the clearest signals behind SHIB’s weakness is the sharp drop in derivatives activity.Shiba Inu’s Open interest has fallen significantly from its earlier highs, pointing to a steady exit of traders from leveraged positions.SHIB OISource: CoinglassAt the same time, on-chain activity shows a noticeable increase in tokens moving onto exchanges.This trend is typically associated with selling intentions, as traders transfer assets to trading platforms when they plan to liquidate positions.The combination of falling open interest and rising exchange inflows creates a strong bearish undertone.This shift in behaviour suggests that the market is gradually leaning toward distribution. Without a reversal in these flows, it becomes difficult for the price to sustain any meaningful upside.Broader market weakness adds to downside riskThe performance of Bitcoin has also played a role in SHIB’s recent decline. As the leading cryptocurrency edges lower, risk appetite across the market has weakened.As a result, speculative assets like Shiba Inu (SHIB) tend to face greater pressure.There is also clear evidence of capital rotating away from altcoins. Traders appear to be moving into more stable assets or stepping away from the market altogether.This shift has hit meme coins particularly hard, as they rely heavily on strong sentiment and active participation.As a result, SHIB is not just dealing with its own internal challenges but also navigating a less supportive macro environment.Resistance holds firm as price struggles to break higherTechnically, SHIB remains trapped below a key resistance zone between $0.0000060 and $0.0000063.Several attempts to push above this range have failed, with sellers consistently stepping in to cap gains.A closer look at the price structure shows that SHIB is currently consolidating within a narrow band.Support is forming around $0.0000052–$0.0000053, while resistance remains firmly overhead.This range has tightened in recent sessions, reflecting a market that is waiting for a decisive move.Shiba Inu struggles below $0.0000060Source: TradingViewNotably, the inability to reclaim $0.0000060 is particularly important. This level has acted as a short-term barrier, and until it is flipped into support, any upward movement is likely to remain limited.For now, the balance of risks appears tilted to the downside.The ongoing selling pressure, combined with weakening market participation, suggests that SHIB may continue to struggle unless conditions change.The post Shiba Inu price outlook turns bearish as SHIB struggles below $0.0000060 appeared first on CoinJournal.

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Solana price has gained in the past 24 hours as Bitcoin retests $72,000.The SOL token could rally to $150 amid the US-Iran ceasefire.However, continued weakness could allow bears to target $70 or lower.​Solana’s latest rebound has revived bullish speculation, with decent gains aligning with an uptick for risk asset markets.As traders digest the impact of easing geopolitical tensions amid the ceasefire between the US and Iran, the key question is whether a shift in sentiment could propel Solana to its year-to-date highs of $150.​Solana eyes $90 as geopolitical risk coolsAs noted, the broader cryptocurrency market pushed higher overnight Tuesday after US President Donald Trump announced a two‑week ceasefire deal with Iran.The news has eased fears of a deeper regional conflict, with the Pakistan‑brokered talks coming ahead of a 48‑hour deadline set by Washington.Stocks and cryptocurrencies rose as risk sentiment changed from defensive positioning to an aggressive hunt for upside exposure.The sharp gains saw more than $425 million in short positions liquidated in the past 24 hours, with over $100 billion added to the global crypto market capitalization.​Bitcoin edged above the $72,000 mark, and Ethereum climbed to $2,270, boosting altcoins as traders rotated capital back into major tokens and high‑beta plays. Solana’s upswing had SOL advancing to above $86.The move toward $90 erases part of last week’s drawdown that followed the Drift Protocol exploit.​SOL price analysisWhile SOL’s percentage gains pale in comparison to intraday moves of Zcash, Bittensor, and LayerZero, the uptick was still significant from a market‑structure point of view.The recovery helped re‑establish a higher trading range, suggesting that the worst of the exploit‑driven capitulation may be over if the ceasefire holds and broader crypto inflows continue.​On the charts, SOL has recently been shadowed by a developing bear flag formation.The classic chart pattern usually signals downside continuation if a clean break occurs, and its formation had bears threatening a drop back toward the $70 region.Solana Price ChartSolana price chart by TradingView​The bounce to near $90 is crucial even as the bearish structure remains.If bulls can consistently defend the $80-$85 band and convert the area into a solid demand zone, the next immediate resistance is likely to emerge around $95-$100.This is where prior supply and key moving averages converge, and a breakout could pave the way for a higher resistance cluster in the $120-$135 zone.Bulls can target January 2026 highs near $150.However, if buyers fail to break and hold above the $90 level, the technical backdrop would increasingly favor an extension of the downtrend.This outlook exposes SOL to renewed downside pressure toward $70, with critical support near $54.The post Solana price forecast: is $150 next amid US-Iran ceasefire? appeared first on CoinJournal.

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Zcash surged above $336 after breaking key resistance as cryptocurrencies rose.The US-Iran ceasefire and fresh institutional interest have buoyed ZEC bulls.A potential short squeeze could catapult the ZEC price to above $500.Zcash price has jumped 24% in the last 24 hours to $336, positioning ZEC as the top performer among the top 100 cryptocurrencies by market capitalization as of writing.This sharp rally, which follows US President Donald Trump’s decision to abandon threats of military action against Iran in favour of a two-week ceasefire announcement, aligns with a pump across risk assets, including cryptocurrencies.Zcash’s gains see it test the highest levels since late January 2026, and it currently sits 18th among the largest coins by market capitalization.ZEC pumps amid crypto uptickZcash has pushed decisively beyond $300, delivering double-digit gains in 24 hours as its short-term outlook shifts bullish amid de-escalation in the US-Iran war.The privacy-focused coin rose to intraday highs of $336, having cleared a major supply barrier as it tracked altcoins that echoed Bitcoin’s climb past $72,000.ZEC traded at lows of $250 on Tuesday, and today’s uptick comes amid a 170% spike in daily volume.Notably, geopolitical developments have added fuel to the upside spark of fresh institutional interest.For instance, Foundry, operator of the world’s leading Bitcoin mining pool, has revealed plans to enter Zcash mining.Also notable is the Zcash Open Development Lab’s unveiling of a $25 million ecosystem fund, with the initiative boasting the backing of global venture powerhouses like a16z crypto, Paradigm, and Coinbase Ventures.Zcash price analysisZcash was holding above $330 on April 8, 2026, up on the day, as the broader near-term sentiment hints at bullish bias.The positive picture aligns with the token’s powering through the convergence of its 100-day and 200-day Exponential Moving Averages (EMAs)ZEC’s rebound means bulls can now eye the February 14 peak as a support level.A firm close beyond this previous resistance-turned-support mark could unlock further upside, potentially triggering a short squeeze toward $500. Buyers now dominate as shorts suffer.Zcash Price ChartZcash price chart by TradingViewLeading into the breakout, Zcash had traced higher lows after a dip to a low of $193 on March 7, 2026.Despite a long-term descending trendline, gains signal steady accumulation by investors. Momentum indicators back this recent outlook.As well as the RSI, the Awesome Oscillator (AO) has flipped positive with expanding green bars.That said, the steep vertical advance over the past two days hints at short-term overextension, particularly with the RSI in overbought territory.In any case, such explosive moves typically invite minor retracements or sideways action.Zcash price could thus revisit the $250-$230 region, before resuming higher.The post Zcash surges 24% to $336 as crypto rally gains momentum on Iran truce appeared first on CoinJournal.

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Key takeawaysBTC is up 4% and is now trading above $71k.The rally could push Bitcoin’s price above $76k for the first time since March 16.Bitcoin and crypto market surge following U.S.-Iran ceasefire announcementBitcoin (BTC), Ethereum (ETH), and the broader cryptocurrency market experienced a significant rise over the last 24 hours after the U.S. and Iran reached a ceasefire agreement.At press time, Bitcoin was trading at approximately $71,640, up 4.3% in the last 24 hours. Earlier in the day, the cryptocurrency briefly surpassed $72,700, marking its highest value since March 18.Ethereum gained 6.7%, reaching $2,257, while XRP increased 5.8% to $1.37. Solana surged 6.5%, hitting $84.81. The overall crypto market was up 3.95% during the same period.The surge coincided with President Donald Trump’s announcement that the U.S. and Iran had agreed to a two-week “double-sided ceasefire.” Trump, who had previously warned of a possible military response if Iran failed to reopen the Strait of Hormuz, emphasized that the ceasefire was a result of having met all military objectives and being close to a long-term peace agreement.Iran’s official statement confirmed its commitment to allowing safe passage through the Strait of Hormuz, the world’s most vital oil trade route. This had previously caused significant volatility in global oil prices and disrupted supply chains.BTC eyes $76k as bullish momentum persistsThe BTC/USD 4-hour chart remains bearish and efficient despite the recent rally. The leading cryptocurrency has surpassed the $69,200 resistance level and could challenge the swing high of $76,000 over the next few hours or days.The momentum indicators show that the bulls are currently in control of the market. The Relative Strength Index (RSI) on the 4-hour chart reads 70, approaching the overbought condition, indicating that the bulls are in control.BTC/USD 4H ChartThe MACD lines are also within the positive territory, reaffirming the bullish bias. If the rally persists, BTC could retest the $76,000 resistance level for the first time since March 16. Surpassing this resistance level would pave the way for Bitcoin to surge toward the $80k psychological zone.However, if the bulls fail to capitalize on this rally, Bitcoin will find immediate support around the Tuesday low of $67,719.The post Bitcoin recovers as US and Iran Agree a Ceasefire Deal appeared first on CoinJournal.

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Key takeawaysHYPE is up 10% in the last 24 hours, outperforming the other major cryptocurrencies.The coin could surge towards the $50 psychological level in the near term.Hyperliquid (HYPE) nears $40 as US-Iran ceasefire boosts market sentimentHYPE, the native coin of the Hyperliquid DEX, is approaching the $40 mark on Wednesday, extending its recovery linked to the US-Iran ceasefire. Retail demand for HYPE continues to rise, driving increased futures Open Interest amid a broader market rally. Technically, HYPE has broken out of a falling channel pattern on the 4-hour chart, signaling a bullish near-term outlook.Throughout the US-Iran conflict, Hyperliquid showed resilience, with its 24/7 trading platform for crude oil and other commodities gaining traction during the crisis. The ongoing recovery in the crypto market, driven by the ceasefire, has increased anticipation for HYPE’s recovery.According to CoinGlass data, HYPE futures Open Interest (OI) reached $1.64 billion on Wednesday, marking a 9% increase in the last 24 hours. Typically, such an OI expansion during a spot market rally signals growing demand entering the leverage market.Liquidations in the last 24 hours totaled $4.49 million, led by $4.28 million in short liquidations, indicating a sell-side weakness. Additionally, the OI-weighted funding rate remains positive at 0.0082%, showing sustained bullish sentiment among traders.Will HYPE rally towards the $50 mark?The HYPE/USD 4-hour chart is bullish and efficient as Hyperliquid is the best performer among the leading cryptocurrencies. HYPE is trading above the 50- and 200-period Exponential Moving Averages (EMAs) on the 4-hour chart, reflecting a potential trend reversal. At the time of writing, HYPE trades around $39.00, extending the breakout gains of a falling channel pattern.The Moving Average Convergence Divergence (MACD) line is above its signal and the zero line, suggesting strengthening upside momentum. HYPE/USD 4H ChartThe Relative Strength Index (RSI) at 66 remains below overbought territory, suggesting firm buying pressure without clear exhaustion at this stage.If the rally persists, HYPE would likely surge towards the first major resistance level at $43. A daily candle close above this level would pave the way for further rally towards the $50 psychological zone.However, if the market reverses, HYPE could test the 200-period EMA at $37.10. A drop below this support zone would nullify the bullish breakout and deepen the downside risk.The post Hyperliquid outperforms other major coins, eyes further gains appeared first on CoinJournal.

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Key takeawaysADA is down 3% and is now trading around $0.2512 per coin.The bearish performance could see ADA slip below the $0.2400 support level.Cardano (ADA) faces renewed selling pressure as bullish interest fadesCardano (ADA) continues to face significant selling pressure, with the cryptocurrency extending its 4% loss from Wednesday, falling to the $0.2500 at the time of writing on Thursday. The decline has been driven by intense long liquidations in ADA futures over the last 24 hours, signaling a diminishing bullish sentiment among traders. For a potential recovery, Cardano must reclaim the 50-day Exponential Moving Average (EMA) at $0.2672.The broader market sentiment remains mixed, as the US-Iran ceasefire risks being undermined by Israel’s ongoing missile strikes on Lebanon. While Cardano futures initially saw some bullish interest following Tuesday’s ceasefire announcement, this has since diminished.Data from CoinGlass reveals that liquidated ADA derivatives positions over the past 24 hours totaled $602,370, with $544,540 coming from long liquidations, indicating a significant wipeout of bullish positions. This liquidation pressure has contributed to an 6% drop in ADA futures Open Interest (OI), which now stands at $412.36 million.Furthermore, the OI-weighted funding rate dropped to -0.0045% on Thursday, indicating that traders are increasingly shifting towards short positions.ADA could dip below the $0.2400 support levelThe ADA/USD 4-hour chart remains bearish and efficient following the recent day. ADA is currently trading below the 50-, 100-, and 200-day Exponential Moving Averages (EMAs).Momentum indicators only hint at tentative stabilization rather than a clear bullish shift. The Moving Average Convergence Divergence (MACD) shows a marginally positive reading, while the Relative Strength Index (RSI) at 53 hovers just above the neutral midline level.ADA/USD 4H ChartIf the selloff continues, ADA could slip towards the March 29 low at $0.2328, with the February 6 low at $0.2205 providing further support.On the flip side, if the bulls regain control, they would encounter initial resistance at the 50-day EMA around $0.2673. A daily close above this barrier would ease the immediate bearish tone and open the way toward the $0.2991 resistance level.The post ADA could dip lower under broader market pressure appeared first on CoinJournal.

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Key takeawaysENJ is one of the best performers in the crypto market, up 45% in the last 24 hours.The rally could allow ENJ to surge towards $0.045 in the near term. Enjin Coin (ENJ) continues to rallyEnjin Coin (ENJ) extends its gains, holding steady above $0.035 on Thursday following a remarkable 45% price increase in the last 24 hours. This bullish momentum is underpinned by both on-chain and derivatives data, with a positive technical outlook suggesting that ENJ may continue its upward trend in the near future.Data obtained from Santiment shows that Enjin Coin’s ecosystem trading volume surged to $216.97 million on Thursday, marking the highest trading volume since April 2025. Meanwhile, CoinGlass data shows that ENJ’s futures Open Interest (OI) reached a new record of $74.68 million on Thursday, up significantly from $19.82 million on Tuesday. A rising OI indicates fresh capital entering the market, which could further propel the coin’s price upward.Despite the rally, traders remain cautious as some early signs of buyer fatigue begin to surface. According to CryptoQuant, there is a rise in retail activity, suggesting a shift in market sentiment. Furthermore, sell-side dominance in both the spot and futures markets may point to potential bearish pressure, signaling that the current rally could face resistance in the near term.ENJ eyes further gains after 45% increaseThe ENJ/USD 4-hour chart is bullish and efficient thanks to the 45% rally. The rally has lifted ENJ price back above the short- and medium-term Exponential Moving Averages (EMA), leaving only the 200-day EMA at $0.035 as immediate overhead resistance.The Relative Strength Index (RSI) on the 4-hour chart reads 70, indicating a bullish bias. The Moving Average Convergence Divergence (MACD) histogram turning strongly positive reinforces growing upside momentum.ENJ/USD 4H ChartIf the rally persists, initial resistance is seen at the 200-day EMA at $0.035. If the daily candle closes above this level, it could extend its rally towards the $0.051 resistance level, followed by $0.066 and $0.082 zones. However, if the bears regain control, ENJ would likely face the initial support at $0.031. The 100-day EMA at $0.024 and the 50-day EMA at $0.022, together with the lower horizontal level at $0.019, form a deeper demand zone that could also prove to be bouncing support levels in the near term. The post Enjin surges 45% as volume and open interest hit multi-month highs appeared first on CoinJournal.

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Bitcoin trades above $70,700 as derivatives data shows $80,000 calls dominating on Deribit.BTC rebounded to near $72,900 on Wednesday as a US-Iran ceasefire eased oil pressures.Analysts see end of stress cycle, targeting $80,000 if $75,000 breaks.Bitcoin’s resurgence to above $70,000, with intraday highs of $72,900, has crypto enthusiasts in an upbeat mood. The cryptocurrency hovers near $70,800 as of writing, off highs seen on Wednesday, but bulls are upbeat as fresh market signals point to a potential breakout.Traders bet on next leg up for BitcoinBitcoin is well off its year-to-date highs and has struggled since breaking lower in late January 2026. Bears are therefore still on the hunt.However, this week has investor sentiment shifting bullish, fueled by the US-Iran ceasefire and key activity in Bitcoin derivatives. Data suggests investors are eyeing a potential rally to $80,000.Options data from Deribit, the platform that accounts for the lion’s share of the global crypto options market, shows bullish bets on prices surging to $80,000 have increased.Call options betting on BTC climbing beyond the $80k strike price have hit $1.6 billion. This is a stark reversal from recent months when $60,000 puts, which outline wagers on price drops, dominated the outlook.On-chain data also supports the bullish case, with Morgan Stanley’s ETF debut netting over $34 million in volume.Allyson Wallace, global head of ETFs at Morgan Stanley, commented ahead of the launch: “The demand, especially from the high-net-worth investors, has been quite high. Viewed at the firm level, this is an asset class that is not going away.”Bitcoin price predictionThe crypto market began the week with all eyes on Bitcoin. Notably, BTC bounced to highs near $72,900, hitting levels last seen since March 18. The uptick saw buyers push from lows near $67,700 overnight Tuesday, April 7, amid news of a ceasefire between the US and Iran.Bitcoin Price ChartBitcoin price chart by TradingViewInvestors buoyed by the prospect of an easing in oil prices helped BTC higher. With broader inflation concerns dissipating, a further strengthening in the ceasefire could see Bitcoin prices break to $75,000. If this happens, the next target will be $80,000 or higher.However, geopolitical risks remain amid a likely fragile ceasefire. If fresh attacks begin and an escalation occurs, a surge in oil prices could send risk assets plummeting.Signs of strain in the ceasefire emerged quickly, with Iran’s parliamentary speaker Mohammad Bagher Ghalibaf accusing the US of violating the agreement, citing continued Israeli strikes on Lebanon, a drone incursion, and disputes over uranium enrichment.President Donald Trump maintained a hardline stance, warning of escalation if terms are breached, while limited traffic through the Strait of Hormuz highlights ongoing uncertainty over the truce’s durability.“Bitcoin’s stress cycle is ending, but not yet reversing,” CryptoQuant analysts noted early Thursday. “Risk remains present… But for investors with a cycle-aware framework, the data suggests we are closer to the beginning of an opportunity than the end of one.”Losses could bring BTC to support near $65k, with $60k a major demand reload zone.The post Bitcoin price forecast as traders bet on $80,000 next appeared first on CoinJournal.

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XRP price has slipped after failing to hold the $1.38 resistance level.Momentum stays weak as volume and buying pressure remain low.Price is compressed between $1.32 support and $1.39 resistance.XRP slipped back after briefly pushing toward $1.38, marking another failed attempt to break higher.Notably, XRP has spent the past several days moving between roughly $1.32 and the upper resistance zone near $1.35–$1.39.But each push higher has struggled to attract enough buying pressure to sustain a breakout, and as a result, the market remains stuck in a tight range, with neither bulls nor bears fully in control.Weak momentum keeps upside in checkOne of the biggest issues for XRP right now is the lack of momentum.Even with the impressive gains, the strength behind those gains is limited. Indicators are hovering around neutral levels, showing that buyers are not stepping in aggressively.Volume has also been inconsistent, and in some cases, it has even declined during upward moves. That is usually a warning sign that the rally may not last.This weakness becomes even more noticeable when compared to the broader market.Bitcoin has been leading recent gains, lifting many altcoins along with it and while XRP has followed this trend, it has not shown much independent strength of its own.That matters because externally driven rallies tend to be fragile.If Bitcoin slows down or pulls back, XRP could quickly lose support and fall back into its lower range.Without a strong internal catalyst, it is difficult for XRP to break away from this pattern.A market in compression, not in trendWhile momentum remains weak, there is another side to the story that cannot be ignored.XRP’s supply on exchanges appears to be tightening, suggesting that more holders are choosing to keep their tokens rather than sell.XRP supply on exchanges thiningSource: CryptoQuantAt the same time, there is very little leverage in the market. Traders are not taking large speculative positions, which reduces the chances of sudden, exaggerated moves in either direction.This combination creates what would be termed a compression phase, since the price is not moving much, volatility is shrinking, and participation is relatively low.XRP breakout potential vs downside riskThe current setup leaves XRP at a crossroads. On one hand, the tightening supply and improving broader sentiment suggest that a breakout is possible.On the other hand, the lack of momentum and weak participation make it difficult to trust any move higher without confirmation.If XRP manages to hold above the $1.28–$1.31 support zone, another attempt at testing the $1.35–$1.39 resistance zone is likely.XRP price analysisSource: TradingViewAnd a decisive push above $1.39, supported by stronger trading activity, could shift sentiment and push the price towards the multi-month resistance at $1.43.However, the downside risk is just as important. A break below the $1.32–$1.33 support zone could lead to a quicker drop, with analysts highlighting $1.28 as the next support level to watch.If selling pressure increases further, deeper support near $1.13 could come into focus.For now, the market is not trending but rather preparing for its next move.The pullback from $1.38 highlights the lack of strength, but it also reinforces how tightly price is coiling, and the longer XRP remains in this range, the more meaningful the eventual breakout or breakdown is likely to be.The post XRP stalls below $1.38 as weak momentum keeps breakout at bay appeared first on CoinJournal.

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Toncoin whales have accumulated over 189,700 TON in three months.Heavy accumulation comes as TON activates the Catchain 2.0 upgrade.​TON price rose to intraday highs of $1.32, could eye $1.89-$2.40 next.Toncoin (TON), the cryptocurrency token of the Telegram-supported TON Blockchain, is trading higher on the day amid signs of renewed investor interest.On Friday, the Toncoin price hovered at $1.30 as large holders, or “whales,” scooped up more tokens. The accumulation comes amid a tentative broader market recovery.​Toncoin price tests $1.30 zone amid whale accumulationToncoin’s price has climbed 4% in the past 24 hours, hovering near the critical $1.30 resistance zone.The token reached an intraday high of $1.32 during the Asian trading session.Buyers helped push trading volume up, with the metric spiking 104% as of writing to $160 million, marking a 45% increase from the previous day’s average.This uptick arrives as Bitcoin holds above $71,000 amid bets on a new leg to $80,000.Notably, TON’s momentum aligns with this backdrop, particularly as the network’s 100 largest whale addresses have collectively scooped up an additional 189,730 $TON over the past three months.This accumulation persists despite broader market headwinds.Analysts at Santiment highlighted what’s likely bullish in a post:“Even with the #29-ranked coin in crypto losing two-thirds of its market cap since its local top in early August 2025, this heavy accumulation is a promising sign that a relief rally may come quickly once crypto markets finally turn the page from this bear cycle.”Whale activity often points to fresh confidence in a project, and the aggressive buying shows interest in Toncoin’s underlying ecosystem.The token is tied to the Telegram-integrated TON blockchain, which continues to expand through decentralized applications and mini-apps.TON price is looking to bounce higher as the community cheers the Catchain, an upgrade designed to boost network throughput and block processing capacity.In a post on X, Telegram CEO Pavel Durov commented on how bullish this upgrade is for Toncoin, noting that it marks the first step in a 7-stage Make TON Great Again (MTONGA) vision.The TON blockchain just got upgraded and is now 10× faster.Block rate increased 6×. Transactions are now instant, subsecond.This was step 1 of 7 to Make TON Great Again (MTONGA). Next step: cut the already low transaction fees by 6×.— Pavel Durov (@durov) April 9, 2026What’s next for Toncoin price?Such large-scale buying often precedes price reversals, as these investors position for potential rebounds.Toncoin’s technical picture indicates that the price remains entrenched in a downtrend that began in June 2025, when it peaked above $8.20.Persistent selling has resulted in a 84% decline in its value.Toncoin Price ChartToncoin price chart by TradingViewBulls are not out of the woods yet, but a decisive break above $1.35 could ignite fresh upside momentum.In this case, a potential target in a fresh rally would be the next resistance cluster around $1.89-$2.00. Significant supply pressure could follow at $2.40, an area of prior profit-taking deals.Conversely, if sellers regain control, primary support levels beckon at $1.15.A drop below $1.00 could accelerate selling toward $0.85, the multi-month low.The post Toncoin jumps near $1.30 as whale buying fuels breakout hopes appeared first on CoinJournal.

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Cryptocurrencies now fall under Japan’s securities-style financial laws.Insider trading rules and stricter disclosures will apply.Lower taxes may boost investor and institutional participation.Japan has taken a major step in reshaping how it treats cryptocurrencies.A new bill approved by the government moves cryptocurrencies into the category of financial assets, placing them closer to traditional investment products such as stocks and bonds.Following the approval, Japan now no longer views crypto just as a payment tool, but as part of its wider financial system.This change is expected to have a wide impact on exchanges, investors, and crypto companies operating in Japan.A shift from payment tools to financial instrumentsFor years, cryptocurrencies in Japan were mainly treated as a means of payment under a lighter regulatory framework. That approach is now being replaced with a more structured system based on financial market rules.Under the new bill, cryptocurrencies will fall under the Financial Instruments and Exchange Act.This is the same legal framework used to regulate traditional securities. In simple terms, crypto is being pulled into the same category as regulated financial products like equities.This change is not just about classification. It also changes how the market is expected to behave.Cryptocurrency exchange platforms and issuers will now be required to follow stricter rules around transparency, reporting, and operational conduct.The aim is to make the crypto market function with the same level of structure and accountability seen in conventional financial markets.Stronger investor protection and market disciplineOne of the most important parts of the new framework is the introduction of stricter rules around market fairness.The bill introduces restrictions similar to those seen in stock markets, including clear prohibitions on insider trading in crypto markets.This means individuals with access to non-public information about tokens or projects will not be allowed to use that information for trading advantage, which will greatly reduce manipulation and unfair practices in the sector.In addition, crypto companies and exchanges will face tougher disclosure requirements. They are expected to provide regular and detailed information about their operations and token-related activities.This is designed to give investors a clearer picture of what they are dealing with before making financial decisions.Penalties are also being strengthened.Operating without proper registration or violating market rules can now lead to heavier fines and stricter legal consequences, including prison sentences in serious cases.The intention is to discourage bad actors and improve overall trust in the system.These changes reflect a broader effort to build a safer trading environment as Japan tries to reduce risk in a market that has often been criticised for volatility and lack of transparency.Cryptocurrency tax changesAlongside regulatory reform, there is also discussion around tax adjustments that could make crypto investment more attractive.One of the key expected changes is a shift toward a flat capital gains tax rate of around 20%.This would bring crypto taxation closer to the system used for traditional investments and significantly lower the burden compared to previous progressive rates.A simpler and more predictable tax structure could encourage more individual and institutional participation in the market. It also removes one of the long-standing barriers for investors who were hesitant due to complex tax obligations.At the same time, the new legal framework opens the door for greater institutional involvement.With crypto now treated as a financial asset, banks, asset managers, and investment firms may find it easier to enter the market.This could eventually lead to the development of regulated crypto investment products, including exchange-traded funds.The broader shift in Japan’s financial strategyJapan’s decision is part of a larger effort to modernise its financial system.By…

Avalanche spot ETFs have extended their zero net inflows streak to 16 days.The AVAX token has traded lower amid the laggard ETF market.If bulls flip the picture, AVAX could target $16 and then $20 in the next leg up.Avalanche (AVAX) price faces downward pressure near $9.00 as its spot exchange-traded funds (ETFs) mark yet another milestone in investor apathy.Despite gains of nearly 4% this past week, zero net inflows persist and could accelerate amid a sluggish altcoin market.Avalanche spot ETFs’ “bad” net inflows streakWhile spot Bitcoin ETFs have shown intermittent days of net inflows and outflows over the past month, the two spot AVAX ETFs have established a long streak of no net inflows.SoSoValue data indicates that VanEck’s VAVX and Grayscale’s GAVA have recorded zero net inflows for sixteen consecutive trading days, a streak that began on March 18, 2026.This drought follows a brief surge on March 17, when the funds attracted $246,000 in combined net inflows, building on $532,000 that flowed in earlier that week.Since then, however, capital has stalled completely, mirroring broader altcoin fatigue in a Bitcoin-dominated market.As of April 10, 2026, cumulative net inflows for the ETFs total $9.76 million, with daily trading volume remaining anemic at $251,800.The funds collectively manage $17.14 million in assets under management (AUM), representing just 0.43% of AVAX’s circulating market cap.This limited exposure highlights the challenges in drawing institutional interest to Avalanche’s ecosystem, despite its strengths in high-throughput blockchain scaling and subnet technology.Avalanche price outlookMarket observers link the inflows freeze to macroeconomic caution and geopolitical tensions dampening risk appetite.ETF analysts note that without fresh capital, these products struggle to provide the liquidity boost seen in Bitcoin and Ethereum counterparts, potentially prolonging AVAX’s price consolidation.AVAX has failed to hit sustained upside momentum since the token tested resistance near $35 in September 2025.The subsequent plunge below the critical $10 psychological level has left bulls on the defensive, as sellers dominate amid fading on-chain activity and reduced DeFi TVL on Avalanche’s network.Currently, AVAX trades around the $9.00 support zone, where the Supertrend indicator gives bears the advantage.However, a fragile uptick over the past week offers slim hope for upward momentum or stabilization as bulls eye $10.00.Avalanche Price ChartAvalanche price chart by TradingViewTechnical indicators signal this possibility, with the Relative Strength Index (RSI) hovering just above 50 on the daily chart.Analysts have also pointed to the resilience of the broader crypto market as one likely to support a clean break above $10.20.If bulls invalidate the downtrend, the immediate target will be the $12-$16 region. Highs of $20 could attract bullish traders.However, failure to hold $9.00 risks acceleration toward $8.50, opening the door to a retest of the year-to-date lows of $7.53 reached on February 6.The post Avalanche price outlook as AVAX spot ETFs extend zero net inflows streak appeared first on CoinJournal.

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Dogecoin (DOGE) stalls near $0.095 as profit-taking caps upside.DOGE price is currently compressing between the $0.089 and $0.095 range.A breakout is likely as volatility builds ahead of April 20.The price action around Dogecoin continues to sit in a tight and indecisive range, with recent trading showing very little directional strength.At the time of writing, DOGE was trading around $0.092, moving inside a narrow 24-hour band between $0.091 and $0.0947.Each attempt to push higher has been met with immediate resistance at $0.0947, while pullbacks continue to find support around $0.091, creating a balanced but fragile structure, where price remains stable on the surface but increasingly tense underneath.Profit-taking pressure keeps bulls in checkA key factor limiting DOGE’s upside momentum is consistent profit-taking near local highs.Over the past trading sessions, price has repeatedly failed to hold above $0.094–$0.095, with every move into this zone triggering selling and pushing price back toward the mid-range near $0.092.This behaviour is reinforced by the broader weekly structure.Despite minor gains of around 1% over the past 7 days, DOGE remains largely unchanged across longer timeframes, with only +0.8% over 30 days.This lack of trend continuation suggests that buyers are not committing beyond short-term trades.On top of that, derivatives positioning has added scepticism to the upside.The presence of notable short positions in the market shows that some traders are actively betting against sustained rallies.This does not guarantee downside movement, but it does explain why upward pushes struggle to build momentum.Compression builds as technical structure tightensFrom a technical perspective, DOGE is clearly in a compression phase.The 24-hour range of roughly $0.091 to $0.0947, combined with a 7-day range of just over $0.089 to $0.095, highlights how tightly the price is coiling.This structure aligns with a descending triangle pattern, where lower highs continue to form while support remains anchored near the $0.089–$0.090 zone.Dogecoin price chartAt the same time, price is also trading inside a broader Ichimoku cloud on the 4-hour chart, which typically signals indecision and equilibrium rather than a trending market.These overlapping structures matter because they all point to the same conclusion: volatility is being compressed.When multiple technical signals converge like this, the market often prepares for a sharp expansion move.However, direction remains undefined until either support or resistance breaks convincingly.Liquidity positioning and the “Doge Day” factorBeyond chart structure, short-term market dynamics are also shaping sentiment.Robinhood transferred 327 million DOGE (valued at about $30 million) from cold storage to hot wallets on April 9.While this is not direct buying pressure, it is widely interpreted as preparation for increased trading activity.This timing is notable as it coincides with growing attention toward the upcoming “Doge Day” period around April 20.Historically, these events tend to increase retail participation and short-term volatility, even if they do not always produce sustained trends.At the same time, broader crypto conditions have provided only mild support.Bitcoin’s modest gains have helped stabilise sentiment across the market, but DOGE has not shown strong independent momentum. Instead, it continues to trade within its own compressed structure.Key Dogecoin price levels that will define the next moveFor now, DOGE remains in a consolidation phase where patience matters more than prediction.Once price finally breaks out of the current range, the move is likely to be fast, sharp, and decisive, simply because the market has already spent days building pressure without releasing it.As the market awaits the next move, the most important DOGE price level for traders remains the $0.09 psychological support zone.Dogecoin price has held above this level consistently, and any sustained breakdown below $0.089 would mark a clear shift in…

Key takeawaysBTC is down 1% in the last 24 hours and is now trading below $71,000.The ongoing geopolitical tensions and the inflation fears continue to weigh on market sentiments. Bitcoin (BTC) is starting the week on shaky ground, hovering near the critical $70,700 support level on Monday. A decisive break below this zone could open the door to a broader correction. Geopolitical tensions dent risk appetiteThe primary catalyst behind the poor performance is the geopolitical tension between the United States and Iran. Efforts to reach a resolution between the United States and Iran ended without progress, following talks in Pakistan that failed to produce a ceasefire agreement. US Vice President JD Vance described the proposal as a final offer, which Iran rejected, with state media citing excessive demands.Furthermore, US President Donald Trump announced plans for a naval blockade of the Strait of Hormuz, threatening to disrupt a fragile ceasefire. At the same time, ongoing Israeli military activity in Lebanon has heightened fears of a wider regional escalation.Macroeconomic pressures are also limiting Bitcoin’s upside. Fresh data from the US Bureau of Labor Statistics showed inflation accelerating sharply, with the Consumer Price Index rising 0.9% in March—its fastest monthly increase in four years. On an annual basis, inflation climbed to 3.3%, up from 2.4% in February.The data has prompted investors to scale back expectations for Federal Reserve rate cuts, reinforcing a more hawkish outlook. Despite the current market conditions, institutional demand provided a degree of support last week. Data from SoSoValue shows spot Bitcoin ETFs recorded inflows of $786.31 million, building on modest gains from the prior week. If the institutional inflow increases, it could help stabilize prices and potentially drive a rebound in the near term.Bitcoin price outlook: BTC approaches a crucial support levelThe BTC/USD 4-hour chart is bearish and efficient as Bitcoin is approaching a crucial support level. Bitcoin recently found support near its 200-week exponential moving average around $68,100 and posted a modest weekly gain. As of Monday, BTC is trading just above $70,700.If bullish momentum builds, Bitcoin could target a move toward $74,500, which marks its 2025 yearly low. Indicators suggest early signs of stabilization, with the Relative Strength Index trending upward and the MACD signaling a bullish crossover on the weekly chart.BTC/USD 4H ChartHowever, Bitcoin continues to face resistance from key moving averages, including the 50-day, 100-day, and 200-day levels.If the daily candle closes above the 50-day EMA near $70,700, it could open the path toward $72,500 and beyond. On the downside, failure to hold this level could see BTC slide toward the $65,800 support zone.The post Bitcoin holds above $70K support as geopolitical tensions weigh on market sentiment appeared first on CoinJournal.

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Key takeawaysPI is down 2.3% and is now trading below $0.1700.Investor confidence is declining as CEXs record roughly 2 million PI tokens in inflows over the past 24 hours, suggesting a near-term sell-off.Pi Network (PI) is trading below the $0.1700 mark on Monday, extending its gradual decline as the token remains stuck in a consolidation phase. Recent data shows that centralized exchanges (CEXs) received close to 2 million PI tokens over the past 24 hours, pointing to rising sell-side activity amid a broader risk-off tone across the cryptocurrency market. Selling pressure persists amid geopolitical tensionsPi Network continues to face downward pressure, mirroring wider market caution triggered by failed peace negotiations between the United States and Iran in Pakistan. The breakdown in talks has escalated tensions, with the US initiating a blockade of maritime traffic through the Strait of Hormuz—further dampening investor risk appetite.Data obtained from PiScan shows that 1.92 million PI tokens were transferred to CEXs within 24 hours, suggesting that KYC-verified mainnet users may be reducing their holdings and adding to the ongoing sell-off.Currently, investors within the ecosystem are shifting their attention to the upcoming Consensus 2026 event, hosted by CoinDesk from May 5–7. Pi Network co-founder Chengdiao Fan is scheduled to speak on May 6 on the topic of integrating Web3, AI, and blockchain for real-world utility. The event, with Fan speaking, could trigger a “buy the hype, sell the news” dynamic—potentially fueling a short-term rally ahead of the event, followed by renewed selling pressure.PI could experience further selling pressureThe PI/USD 4-hour chart is bearish and efficient as the token is trading below both the 50-day and 100-day Exponential Moving Averages (EMAs), currently positioned around $0.1800 and $0.1898, respectively.Momentum indicators reinforce the bearish outlook. The Relative Strength Index (RSI) sits near 44, below the neutral midpoint, indicating sustained bearish momentum. Meanwhile, the Moving Average Convergence Divergence (MACD) shows slightly negative histogram bars, suggesting that downside pressure remains in play.On the downside, immediate support lies at $0.1556, the February 23 low. A break below this level could open the door to further declines within the current bearish structure.PI/USD 4H ChartHowever, if the bulls regain control, a move above the 50-day EMA at $0.1800 would be the first sign of recovery. A daily candle close above this level would allow PI to reclaim the 100-day EMA near $0.1898. The post Pi Network slides below $0.17 as exchange inflows signal selling pressure appeared first on CoinJournal.

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TRUMP price holds $2.78 support after a technical double-bottom bounce.Whale accumulation grows ahead of April 25 Mar-a-Lago event.The memecoin’s price may target $3.34 if support holds.The Official Trump (TRUMP) token is beginning to show signs of life after weeks of sustained pressure, with price action stabilising just above a critical support level.While the broader trend remains weak, recent movements suggest that large investors are quietly positioning themselves ahead of a highly anticipated event later this month.At the time of writing, TRUMP was trading around $2.81, posting a modest daily gain and slightly outperforming Bitcoin (BTC), which has remained relatively flat.Technical support sparks a cautious price reboundThe recent bounce can largely be traced to a well-defined support zone around $2.78, forming a double-bottom pattern and giving traders a clear reference point for short-term positioning.Notably, after testing the support area, the price held firm and began to edge higher, suggesting that buyers are stepping in at this range.This kind of reaction is typically driven by market structure rather than new fundamental developments.Repeated tests of a support are often viewed as a confirmation that a floor has been established and, in this case, $2.78 has become the immediate floor price.As long as TRUMP holds above this support, the structure remains intact.A sustained move below it, however, would weaken the setup and likely open the door to lower levels near $2.44.Whale accumulation builds quiet pressureAlongside the technical setup, steady accumulation by large holders is helping to support the market.In recent days, several high-value wallets have been increasing their exposure to TRUMP, often moving tokens off exchanges into private storage.This behaviour is typically associated with longer-term positioning, as it reduces immediate selling pressure and signals intent to hold.Notably, this accumulation coincides with an upcoming event scheduled for April 25 at Mar-a-Lago for large TRUMP token holders.The Mar-a-Lago event has created a unique layer of demand, which, while it may not be sustainable over the long term, can still provide a meaningful boost for the token’s price in the short term.TRUMP price outlook: A narrow path toward $3.34With support holding and whale demand building, attention is now shifting to the next key level on the chart, which is $3.34.However, a move toward $3.34 would require continued stability above $2.78, along with enough buying pressure to push through minor barriers along the way.And at the moment, the setup suggests a market that is range-bound but leaning slightly upward, and eyes are on whether momentum can build.It is also worth noting that the token remains deep in a broader downtrend, having lost a significant portion of its value over the past year, meaning any upside move is likely to be viewed with caution until stronger confirmation appears.The post TRUMP price eyes $3.34 as whales accumulate ahead of Mar-a-Lago event appeared first on CoinJournal.

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AAVE price rallies toward $100 after strong governance-driven momentum.Aave protocol shifts to a token-centric model with revenue flowing to holders.$90 is a key support for continuation or pullback risk.The Aave DAO on Sunday approved the “Aave Will Win” proposal, a governance framework that has quickly reshaped how the protocol is expected to operate going forward.The approval ended months of internal debate and set a clear direction for the ecosystem, where all application-level revenue will now be directed toward the token economy.This shift strengthens the role of the AAVE token within its own network, and it has triggered a noticeable reaction in both price and market sentiment.At the time of writing, AAVE was trading just under the $95 level after a strong 24-hour move that saw it briefly touch highs near $98.Although the token remains well below its all-time high, it outperformed the broader crypto market on Monday, suggesting that traders are responding directly to the governance outcome rather than general market momentum.The “Aave Will Win” governance overhaulThe approval of the “Aave Will Win” framework is more than a routine governance update.It represents a structural change in how value is distributed within the protocol.By routing all application and product revenue toward the token ecosystem, the DAO has effectively tied AAVE’s long-term performance to the growth of its own services.This shift has been widely interpreted as a move toward a more token-centric model, where holders are no longer passive participants but direct beneficiaries of protocol activity.That change in narrative has played a key role in the recent price surge, as it strengthens the argument that AAVE’s valuation should reflect its underlying usage more closely than before.Alongside the revenue decision, the DAO also approved a funding package for Aave Labs.The allocation includes stablecoin funding and a long-term token grant designed to support ongoing development.This helps reduce uncertainty around future product expansion and ensures that the core development team has the resources needed to continue building, including upcoming upgrades and institution-focused features.The combination of revenue alignment and development funding has created a cleaner separation of roles within the ecosystem where AAVE token holders gain revenue exposure, while builders receive structured funding for execution.AAVE price outlook: $100 emerges as the key psychological levelFrom a market perspective, the AAVE price is now sitting at a critical point.The recent rally has brought price action into a tight resistance zone between the mid-$90s and the upper $90s, an area where sellers have historically stepped in.As a result, the next meaningful level that traders should watch is the $100 mark, which also aligns with recent technical projections and moving average targets.AAVE price analysisSupport remains firm around the low $90s, with deeper protection closer to the $80 range based on historical price behaviour.As long as the token holds above these zones, market analysis shows that the short-term momentum remains intact.However, the real test lies in whether bulls can push the AAVE price beyond the current resistance cluster and sustain it.A move above $100 would likely confirm continuation of the current trend and open the door toward higher resistance levels in the $110 to $120 range.On the other hand, failure to break through could result in another period of consolidation, especially given that the token has spent much of the past year in a broader downtrend despite recent gains.The post AAVE price prediction: $100 in focus following the “Aave Will Win” Proposal approval appeared first on CoinJournal.

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Key takeawaysBTC is approaching $75,000 after adding nearly 5% to its value since Monday.The rally comes despite the ongoing crisis in the Middle East.Bitcoin (BTC) has stabilized above $74,000 as of Tuesday’s press time, following a 5% rally the previous day. This price surge comes as the US enforces a blockade on the Strait of Hormuz during ongoing peace talks with Iran. US Vice President JD Vance hints at a grand deal in the works, demanding an end to Iran’s nuclear ambitions.Market sentiment recovers with $500M in liquidationsThe broader cryptocurrency market is seeing a recovery, with over $500 million in liquidations across the last 24 hours, primarily driven by short squeezes. Aave (AAVE), Algorand (ALGO), and Ethereum (ETH) are leading the charge in the market’s upward momentum.As negotiations between the US and Iran progress, the US military has started blocking the Strait of Hormuz, halting the movement of transiting ships. Vice President JD Vance emphasized that the situation is now in Iran’s hands, with the primary focus of US talks being Iran’s nuclear material exit and halting uranium enrichment. Former President Donald Trump also commented that “the other side” has approached him for a deal.The peace talks appear to be fueling a “risk-on” sentiment, especially in the cryptocurrency market. According to CoinGlass data, the last 24 hours saw $531 million in liquidations, with $426 million attributed to short liquidations. This massive short squeeze indicates a major bearish wipeout.Bitcoin is approaching key resistance levelsThe BTC/USD 4-hour chart remains bearish and efficient despite the recent rally. Bitcoin remains in a neutral-to-bullish trend, holding above its 50-day Exponential Moving Average (EMA) at $71,019. However, it is still capped below the 100-day EMA at $75,309.Immediate resistance lies near the 100-day EMA and the 23.6% Fibonacci retracement level at $75,623, from a previous downtrend spanning $126,199 to $60,000. A daily close above this range would signal potential upward movement, with the next target being the 200-day EMA at $82,936, followed by the 50% Fibonacci retracement at $93,099.BTC/USD 4H ChartMarket momentum is favoring the bulls, with the Relative Strength Index (RSI) at around 62 and the Moving Average Convergence Divergence (MACD) in positive territory, both suggesting upward pressure is gaining traction.On the downside, Bitcoin’s initial support is found at the 50-day EMA around $71,019. A break below this support could weaken the current bullish momentum and push the price lower, potentially testing the Fibonacci support level near $60,000.The post Bitcoin holds steady above $74K as US blocks hormuz amid Iran talks appeared first on CoinJournal.

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Key takeawaysHyperliquid is up 8% in the last 24 hours, maintaining its position in the top 10.The coin could rally towards the $50 psychological level if the bullish sentiment persists.Hyperliquid (HYPE) continues its upward momentum, trading above $44 as of Tuesday after an 8% surge on the previous day. With strengthening on-chain data, favorable derivatives metrics, and technical analysis pointing to further gains, the outlook for HYPE remains bullish, with a target of $50 in sight.Bullish Sentiment Backed by On-Chain and Derivatives MetricsOn-chain data from CryptoQuant suggests a strong buy-side dominance in both Hyperliquid’s spot and futures markets, with cooling conditions indicating a favorable environment for a potential price rise. The market shows mostly neutral conditions across other metrics, reinforcing the possibility of an upside move.On the derivatives front, CoinGlass data reveals that HYPE’s futures Open Interest (OI) has surged to $1.96 billion on Tuesday, up from $1.5 billion on April 3. This steady rise in OI points to new capital entering the market, which could propel HYPE’s price higher. This is the highest level of futures OI seen since early November.Moreover, CoinGlass’ long-to-short ratio for HYPE stands at 1.04, signaling a predominantly bullish sentiment in the market, as more traders expect the price to rally.Price Forecast: HYPE bulls target $50The HYPE/USD 4-hour chart is extremely bullish and efficient. HYPE’s price has extended its gains, surpassing the March high of $43.75 and reaching above $44 on Tuesday. If the upward trend continues, HYPE could target the October 30 high of $50.15.The Relative Strength Index (RSI) on the daily chart is currently at 69, indicating strong bullish momentum as it moves toward overbought territory. Additionally, the Moving Average Convergence Divergence (MACD) indicator recently showed a bullish crossover on April 10, further supporting a positive outlook for HYPE.Should HYPE experience a pullback, it could find support near the psychological $40 level. However, the prevailing market conditions suggest a strong potential for further upside, with $50 being the next major resistance.The post Hyperliquid (HYPE) price continues to surge, targeting $50 Mark appeared first on CoinJournal.

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