XRP has had a challenging start to 2026, with the price hovering around $1.34 after a slight pullback in the past week.

But despite this short-term weakness, sentiment around the cryptocurrency is showing signs of resilience.

Dormant liquidity signals opportunity

One of the most interesting trends in XRP is the large amount of dormant liquidity on the XRP Ledger.

According to Anodos Finance Co-founder and CEO Panos Mekras, billions of XRP are currently inactive, sitting idle in wallets rather than being used for transactions or payments.

This idle liquidity represents a significant untapped resource. If activated, it could fuel broader adoption of XRP for everyday payments and merchant transactions.

Notably, the introduction of stablecoin initiatives on the ledger is helping bridge this gap.

By pairing XRP with dollar-pegged assets, the ecosystem aims to make it easier for people to use crypto in daily life without worrying about volatility.

Developers are also working on tools like self-custodial cards and super apps that allow XRP to be spent directly, and this could accelerate the transition of XRP from a trading asset to a practical financial instrument.

Long-term confidence from Ripple leadership

Ripple’s CEO, Brad Garlinghouse, has shared a very optimistic long-term view.

Speaking at the XRP Australia 2026 conference, Garlinghouse emphasised that investors who are patient and focus on blockchain adoption trends could be very happy over the next five years.

The message is clear: XRP’s value isn’t just tied to short-term price swings.

Institutional adoption and incremental progress in financial infrastructure are expected to play a bigger role in determining its trajectory.

The broader trend in the crypto market also supports this outlook since, as more institutions explore blockchain technology and tokenisation, the potential for XRP to be integrated into financial systems continues to grow.

Current XRP market dynamics

Technically, XRP is in a phase of consolidation.

The price has recently fallen below short-term trendlines and key moving averages, indicating a cautious market mood.

Bearish momentum in the immediate term is evident, with resistance forming near $1.38 and stronger resistance around $1.40 to $1.45.

On the downside, support levels are clustered around $1.33 and $1.31, with a deeper buffer near $1.20 if selling pressure increases.

Also, unrealised losses for holders are notable, with a substantial portion of XRP bought above the current price.

This shows that many investors are underwater, which can create volatility if panic selling occurs.

At the same time, the ecosystem’s latent potential, such as dormant liquidity being activated for real-world payments, adds a positive long-term narrative.

XRP price outlook

XRP is balancing between short-term consolidation and long-term potential.

For traders, the immediate support lies at $1.33 and $1.31.

Breaking below these could expose XRP to a drop toward the $1.20 structural support area.

On the upside, reclaiming $1.38 could signal a short-term recovery, with $1.40 to $1.45 acting as the next target zone.

A strong move past these levels could open the path toward $1.80 and even the $2.00 psychological barrier.

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XRP price outlook as Ripple CEO predicts strong year ahead

Source: https://coinjournal.net/news/xrp-price-outlook-as-ripple-ceo-predicts-strong-year-ahead/ ***

Solana (SOL) trades at around $83 in the early hours of Monday, March 9, 2026, up 1.3% in the past 24 hours.

The altcoin may be showing signs of bucking the trend across stocks as Bitcoin also pulls off the $66,000 low.

However, SOL is down by more than 5% in the past month and could revisit recent lows under $80 amid persistent negative funding rates and as the Iran war decimates risk sentiment.

Solana price: market conditions fuel caution

SOL has faced headwinds alongside Bitcoin and Ethereum since sliding from $250 in September 2025.

An acceleration in losses saw SOL drop to lows of $75 on February 5, 2026, and bulls have struggled to break above $90 since.

The broader macro and geopolitical headwinds have been key downward catalysts year-to-date, with these contributing significantly to the fading memecoin hype that has hit trading volumes hard.

While net inflows into Solana spot ETFs have largely defied the sharp redemptions that hit BTC and ETH products, institutional demand has slowed.

Cumulative SOL ETF assets sit at $958 million.

SoSoValue data shows two consecutive days of outflows last week, with over $8.2 million exiting on Mar 6.

That saw weekly flows cut to about $24 million from over $44 million the previous week.

Technical analysis

Standard Chartered recently cut its 2026 target for SOL to $250, but analysts at the bank forecast a bullish flip to $2,000 by 2030.

Buyers have the long-term forecast in their favour.

However, struggles below $100 suggest bulls have work to do in the short term if macro and geopolitical headwinds continue to batter sentiment.

SOL prices hover in a broader range between $75 and $94, but as broader crypto sentiment weighs on investors amid surging oil prices, the altcoin could flip lower.

Earlier on Monday, oil prices surged to near $120 a barrel amid concerns around the US- Iran war. Prices have since dropped to $100 after reports said the G7 will discuss to release emergency oil reserves.

The RSI and MACD indicators on the daily chart above highlight this possibility.

But could Solana bulls hold $80-$75 as a support zone intact as they eye a bullish reversal?

On-chain data shows funding rates extending in the negative and open interest down to $4.93 billion, down from $8.86 billion in mid-January.

Prolonged negative funding rates have nonetheless preceded an upside flip for the cryptocurrency.

This positions SOL for a likely short-term uptick, with $118-$120 the primary hurdle above the psychological level of $100.

The post Solana price forecast as bulls fight to keep $80 support intact appeared first on CoinJournal.

Solana price forecast as bulls fight to keep $80 support intact

Source: https://coinjournal.net/news/solana-price-forecast-as-bulls-fight-to-keep-80-support-intact/

DeXe, the governance token for the DeXe Protocol, has surged to its highest level in three months after a robust 22% spike in the past 24 hours.

The DEXE token, which traded among the top gainers early Monday alongside Chilliz, Bittensor, and Pi Network, has surged by more than $112% in the past month to trade at prices last seen in late November 2025.

DeXe price today

DeXe is trading above $4.70 at press time on Monday, March 9, 2026, extending intraday gains to over 22%.

The surge comes after a breakout above $3.71 on Sunday, with today’s uptick aligning with a sharp volume spike.

According to CoinMarketCap, DEXE’s trading volume increased by 190%.

This stood at over $21.3 million at the time of writing, reflecting the high interest in the token.

Momentum comes amid resilience for Bitcoin and top altcoins despite the conflict in the Middle East following the United States and Israel’s attack on Iran.

Despite escalating geopolitical tensions in the Middle East, including recent escalations involving regional powers, the overall digital asset sector has held firm.

Oil prices surging in early trading tanked stock futures, but BTC and ETH held near key levels as institutional inflows continued to pick up.

For DeXe, gains come amid altcoin rotation and renewed optimism around decentralized finance (DeFi) protocols.

DEXE price technical analysis: What’s next?

The near-term outlook for DeXe is mixed after the token broke out from below a key resistance level.

Bulls have pushed prices above key moving averages, including the 50-day and 100-day exponential moving averages (EMAs) near $3.14 and $3.59, respectively.

If buyers continue to position and preserve the short-term uptrend from the swing low of $1.72 to the recent high of $4.70, the next hurdle will be the 200-day EMA.

On the daily chart, the 200-day EMA currently sits at $5.03, hovering as overhead resistance amid the bulls’ quest to turn $4 into support.

Doing this could shift DEXE from trading within a prolonged downtrend into a breakout trend.

Currently, the Moving Average Convergence Divergence (MACD) indicator suggests sustained buying pressure.

However, the Relative Strength Index (RSI) at 76 lingers in the overbought territory.

While bulls could extend gains, they face elevated risks of a temporary pullback amid profit-taking.

A decisive daily close above $4.22 will keep buyers in control.

If prices move lower, failure to hold $4.00 might trigger a retest of the 100-day EMA at $3.59.

Key support levels lie below the moving averages, with $3.24 and $2.10 providing robust demand reload zones.

The post DeXe price hits 3-month high amid 22% rally: What’s next? appeared first on CoinJournal.

DeXe price hits 3-month high amid 22% rally: What’s next?

Source: https://coinjournal.net/news/dexe-price-hits-3-month-high-amid-22-rally-whats-next/

Avalanche price continues to face headwinds as the token trades just above $9.00.

Despite slight gains after four consecutive days of downward action, AVAX price remains below the $10 mark as on-chain metrics and technical indicators show a mixed outlook.

The overall bearish price action and underlying crypto market sentiment favour sellers, particularly amid the unfolding geopolitical scenario.

Avalanche derivatives outlook

The derivatives market for Avalanche presents a conflicting picture that traders must navigate carefully.

On one hand, Avalanche futures Open Interest (OI) has fallen to $387 million, having declined steadily since mid-January.

Coinglass data shows OI is nearing the February low of $361 million, which could highlight a drop in investor confidence amid a broader bearish outlook.

Such a decline in open interest typically suggests that traders are closing positions rather than opening new ones, reflecting a cautious or bearish sentiment across the broader market.

However, a closer look at the funding rates tells a different story. The funding rate for AVAX turned positive on Monday after hitting -0.0153% on March 6.

While it is not steady amid recent price declines, it currently hovers around 0.0070%.

A positive funding rate indicates that long positions are paying shorts.

Often, this suggests that despite the falling price, a segment of the market remains bullish and is willing to pay a premium to hold long positions.

This divergence of a falling open interest and positive funding suggests that while overall participation is down, the remaining leveraged traders are optimistic of a notable rebound.

Avalanche price forecast

The technical picture for Avalanche indicates that the region around the $8.63 and $8.10 levels provides a crucial support zone.

AVAX has bounced off this area multiple times in the past two months, with bulls setting the lower boundary of the range as a key level on Feb 6 and on Feb 26.

However, the bulls have failed to go higher amid supply wall rejection below $10.

Avalanche’s price has declined by more than 26% year-to-date.

The Relative Strength Index (RSI) currently reads 46, which is below the neutral 50 level.

However, it’s upturned to indicate that bulls could reclaim traction.

Also notably, the Moving Average Convergence Divergence (MACD) indicator features a bullish crossover whose upside bias has not yet been invalidated.

As of Monday morning, AVAX traded at $9.08, hovering just above the critical support zone.

Should the market sentiment shift and buyers step in, a recovery to above $11 could bring the next level of $14 into play.

If the bearish momentum outlook picks up fresh momentum, the token’s value could test the February 6 low of $7.53.

The post Avalanche price forecast as bears keep AVAX below key level appeared first on CoinJournal.

Avalanche price forecast as bears keep AVAX below key level

Source: https://coinjournal.net/news/avalanche-price-forecast-as-bears-keep-avax-below-key-level/

The Ethereum price is struggling to hold above the $2,000 mark amid mixed signals from technical indicators, derivatives markets, and on-chain activity.

The ETH price has slipped back toward the mid $1,900 range after briefly attempting a recovery above $2,000.

This highlights how fragile the current rebound remains despite signs of stabilisation following February’s sharp sell-off.

While the latest bounce helped Ethereum avoid deeper losses, the broader trend still leans bearish as long as the price remains trapped below $2,000.

Ethereum price outlook remains fragile

From a technical standpoint, Ethereum continues to trade within a descending channel that has defined the market for several months.

The ETH price also sits well below its major moving averages, which are still pointing downward and reinforcing the broader bearish trend.

This setup suggests that the recent recovery may be nothing more than a temporary relief rally rather than the start of a sustained reversal.

Also, on shorter timeframes, Ethereum recently attempted to break through the $2,150 region but faced immediate rejection.

That rejection created another lower high, confirming that sellers remain active whenever the price approaches resistance.

Momentum indicators also reflect the cautious tone currently dominating the market, with the Relative Strength Index (RSI) sitting below the neutral 50 level, which signals weak bullish momentum.

At the same time, the MACD indicator has begun to soften after a short-lived bullish phase, showing that buying pressure is fading.

Exchange flows and derivatives activity paint a mixed picture

Despite the weak technical structure, some on-chain signals suggest that long-term investors are still accumulating Ethereum.

Exchange flow data shows that more ETH is leaving crypto exchanges than entering them.

The net outflows indicate that investors are moving coins into private wallets rather than preparing them for immediate sale.

This behaviour often appears during accumulation phases when holders expect prices to rise over time.

However, the derivatives market is sending a very different message.

Funding rates across perpetual futures markets have surged sharply into positive values from heavily negative values as traders piled into leveraged positions.

Such a rapid increase in leverage shows that market participants are becoming more aggressive with their directional bets.

High leverage can create unstable conditions because even modest price movements can trigger large liquidation cascades.

Key Ethereum price levels to watch this week

From the technical outlook, the Ethereum price is now approaching a critical moment as it trades just above several important support levels.

The first support that traders should watch sits around $1,900, which marks a recent reaction low.

If the ETH price slips below that level, analysts note that the attention would quickly shift toward the $1,800 zone, which has acted as a strong floor since February and currently represents one of the most important supports on the chart.

A breakdown below $1,900 could open the door for a deeper correction and potentially push Ethereum toward the lower boundary of its broader descending channel near $1,776.

On the upside, the first resistance zone appears between $2,027 and $2,050.

A break above that region would suggest that buyers are regaining some momentum.

Beyond that level, the market will likely focus on the $2,138 to $2,150 area, which represents a major technical barrier within the current channel structure.

A decisive breakout above that ceiling could shift sentiment and allow Ethereum to aim for the next resistance near $2,380.

Until such a breakout occurs, however, the Ethereum price is likely to remain stuck between support near $1,800 and resistance near $2,150 as traders wait for the next decisive move.

The post Ethereum price prediction as ETH teeters below $2,000 appeared first on CoinJournal.

Ethereum price prediction as ETH teeters below $2,000

Source: https://coinjournal.net/news/ethereum-price-prediction-as-eth-teeters-below-2000/

OKB, the native token of OKX, surged past the $100 mark following news of a major investment from Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE).

The token jumped from around $77.65 to a high of about $124 before giving back part of the gains.

The move came as the broader cryptocurrency market moved higher after a difficult start to the month.

ICE invests in OKX at $25 billion valuation

An announcement on March 5, 2026, said Intercontinental Exchange (ICE), the parent of the New York Stock Exchange, has taken a minority stake in OKX, valuing the crypto exchange at $25 billion.

The investment marks a notable endorsement of OKX by one of the world’s largest financial infrastructure providers. As part of the deal, ICE will take a seat on the company’s board and plans to support closer integration between traditional financial markets and digital assets.

The partnership will also see OKX provide ICE with live cryptocurrency price feeds. In addition, the exchange plans to list tokenized versions of NYSE-listed stocks and derivatives, making them available to its more than 120 million users.

The investment in OKX adds to ICE’s growing portfolio of digital asset initiatives as the company expands its strategy around blockchain and tokenized markets.

Earlier, ICE made a $2 billion investment in Polymarket at a $9 billion valuation and has also developed its own blockchain-based trading infrastructure.

Star Xu, founder and CEO of OKX, said in a statement:

“ICE has built and operated some of the most important financial infrastructure in the world, including the New York Stock Exchange and global derivatives and clearing platforms. Their decision to invest in OKX, and join our board, reflects a shared belief that digital asset technology will play an enduring role in the future of financial markets.”

​OKB price outlook

OKB’s explosive rally reflects market enthusiasm for OKX’s enhanced legitimacy and growth potential.

The token’s daily trading volume surged by more than 1,600% to over $421 million as prices rose past $100.

The token’s price movement after the announcement helped bulls hit intraday highs last seen in December 2025.

As OKX’s utility token, OKB benefits from platform fees, staking rewards, and now tokenized TradFi products.

These avenues, likely to see further adoption impetus among institutional investors, could help bulls.

However, as the chart above shows, profit-taking has already pushed OKB to the key $100 level.

If the pullback from the intraday peak continues, immediate support lies at the $91 and the $80 levels.

The post OKB price skyrockets after NYSE parent company ICE invests in OKX appeared first on CoinJournal.

OKB price skyrockets after NYSE parent company ICE invests in OKX

Source: https://coinjournal.net/news/okb-price-skyrockets-after-nyse-parent-company-ice-invests-in-okx/

The price of Cardano’s ADA token has remained unmoved even after 137 SPAR supermarkets across Switzerland announced they now accept Cardano (ADA) as a payment method, giving the cryptocurrency a new real-world utility.

The integration, powered by a payment system that connects Cardano’s blockchain to everyday retail checkouts, allows SPAR customers to pay directly from their wallets, without converting to traditional currencies.

You can now pay with $ADA at 137 SPAR stores across Switzerland.

In partnership with @DFX_swiss and @BrickTowers, we are helping bring blockchain into everyday commerce through real-time, low-cost retail payments.

Read the full press release: https://t.co/gvYRHclp4F

— Cardano Foundation (@Cardano_CF) March 5, 2026

Cardano’s ADA token remains unmoved

This move marks a significant step toward mainstream adoption of ADA.

For many cryptocurrencies, being used in everyday retail has been a distant goal, and Cardano now joins a small group of digital assets being used at physical stores.

However, despite this positive development, ADA’s market performance has remained relatively stagnant.

At press time, the cryptocurrency was trading around $0.272, down 1.3% over the last 24 hours.

Cardano price technical analysis

From a technical standpoint, momentum indicators provide a mixed picture.

The Relative Strength Index (RSI) is recovering from oversold territory but remains below neutral, suggesting buyers have yet to assert dominance.

The Moving Average Convergence Divergence (MACD) indicator readings are flat, signalling a lack of strong bullish or bearish momentum.

Derivatives markets indicate a cautious stance, with long-to-short ratios below one and declining futures participation, hinting that traders are leaning toward a defensive approach rather than aggressive buying.

On-chain activity also shows more coins are being moved, a signal that holders may be redistributing or taking profits.

Combined with modest daily losses, this data suggests that ADA’s recent rebound is not yet convincing enough to trigger a larger market rally.

ADA price forecast

While Cardano’s integration into 137 Swiss SPAR stores is a landmark moment for adoption, the market has yet to respond.

Technical levels suggest that ADA remains range-bound, and traders should be looking for decisive moves either above the immediate resistance or below the immediate support to determine the next trend.

Notably, a descending trendline has been forming, with $0.28 currently acting as the immediate resistance point.

Therefore, a breakout above this level with sustained volume could open the path toward $0.32, where stronger resistance aligns with clustered moving averages.

On the downside, a clear break under $0.26 could bring the $0.24 level into play.

Falling below that could accelerate selling and bring prices closer to $0.21, echoing recent technical warnings about potential downside.

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ADA price stuck near $0.27 despite SPAR payment integration

Source: https://coinjournal.net/news/ada-price-stuck-near-0-27-despite-spar-payment-integration/

Crypto exchange KuCoin is rolling out a $1 million airdrop designed to reward traders who hold positions in newly listed futures contracts for longer periods, part of a broader push to stabilize early trading activity around new tokens.

The campaign, titled “Trade New Futures & Share 1M Airdrop,” departs from the quick‑profit competitions typical of crypto trading promotions.

Instead of rewarding high-frequency or large-volume trades, KuCoin will distribute rewards based on how long traders keep their positions open and the size of their exposure.

By measuring “time in market,” the exchange hopes to dampen the speculative surges that often accompany new listings, periods marked by fast price swings and fleeting liquidity.

Officials said the idea is to encourage steadier participation and help new markets mature with fewer distortions from short-term event-driven trading.

The program will allocate its 1 million USDT prize pool over an hourly accrual system, giving consistent participants a share of the rewards while nudging traders toward more deliberate strategies.

Push to broaden altcoin derivatives base

The move comes as KuCoin continues to expand its share of the altcoin futures segment, a space where it already ranks among the top two platforms globally, according to CryptoQuant’s 2025 Annual Exchange Leader Report.

The exchange’s data show that trading in “long-tail” altcoins and the top eight digital assets accounts for more than half of its perpetual futures activity.

Analysts say the latest initiative could help KuCoin deepen liquidity in lesser-traded markets, an area where smaller projects often struggle to sustain stable order books after listing.

By rewarding duration rather than volume, the exchange is betting that traders will be more willing to provide early liquidity to new pairs without fear of heavy early losses triggered by bots or flash volatility.

Founded in 2017, KuCoin says it now serves more than 40 million users worldwide and continues to expand its regulated footprint, with recent licenses in Austria and Australia.

The exchange, which offers spot, futures, and Web3 wallet services, has sought to differentiate itself by leaning into altcoin markets, a niche that remains one of the most competitive arenas in global crypto trading.

The airdrop initiative, available through KuCoin’s campaign page, runs as part of that strategy, aligning trader incentives with the platform’s bid to make new listings more liquid, transparent, and less dominated by short-term speculation.

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KuCoin launches $1M futures airdrop to reward traders holding new listings

Source: https://coinjournal.net/news/kucoin-launches-1m-futures-airdrop-to-reward-traders-holding-new-listings/ ***

Global crypto exchange KuCoin has launched a new rewards initiative called KCS PulseDrop, marking a strategic step toward expanding the utility of its native token, KuCoin Token (KCS).

The program connects everyday user activity, from trading to payments with a transparent points and rewards system, effectively turning KCS into a more active, multi-dimensional part of the KuCoin ecosystem.

The exchange said PulseDrop is designed to shift KCS “from a passive holding asset” into an engagement-based tool that bridges trading, staking, and real-world cryptocurrency use.

Participating users earn points through actions like futures or spot trading, staking KCS, or making payments with KuCard, P2P, or KuCoin Pay.

Points accumulate over time and determine each user’s share of reward distributions.

In essence, PulseDrop transforms interaction into measurable participation.

KuCoin described the framework as a “participation economy,” one that rewards sustained activity rather than short-term speculation, an idea gaining traction among digital asset platforms seeking to retain users and build long-term loyalty.

By aligning engagement with tangible outcomes, the company hopes to position KCS as a functional utility token underpinning a wider user ecosystem, rather than merely a token conferring fee discounts or passive yield.

Expanding KCS beyond exchange use

The PulseDrop system introduces tiered point mechanics and multipliers that let users accelerate accrual through specific behaviors, such as trading particular project tokens or KCS itself.

Transactions made through fiat and payments channels also contribute to a “Payment Task” score, rewarding real-world crypto usage, a move that ties KuCoin’s growing payments infrastructure more tightly to its core token.

The exchange said the design is meant to balance simplicity and transparency while giving users early exposure to promising projects listed on its platform.

KuCoin positions PulseDrop as both a community engagement tool and a means of democratizing access to project rewards by basing allocations on participation rather than holding size alone.

Analysts view the initiative as part of a wider industry shift, where exchanges seek to extend the relevance of their native tokens beyond transactional perks.

As competition among global exchanges intensifies, platforms like KuCoin, Binance, and OKX are experimenting with loyalty or activity frameworks that embed token value deeper into users’ daily interactions.

KuCoin, which serves over 40 million users across 200 countries, has been steadily expanding its regulated footprint under CEO BC Wong, with recent licensing milestones in Austria (under MiCA) and Australia.

The exchange, recognized by Forbes and Hurun for its innovation and security standards, maintains SOC 2 Type II and ISO 27001:2022 certifications.

By knitting together engagement, rewards, and payments, KCS PulseDrop reflects KuCoin’s broader ambition to create an integrated and participatory digital-asset ecosystem, where token holders play an active, sustained role in shaping its growth trajectory.

The PulseDrop platform is now live on KuCoin’s official website: www.kucoin.com/pulsedrop.

The post KuCoin launches KCS PulseDrop to turn trading and payments into rewards appeared first on CoinJournal.

KuCoin launches KCS PulseDrop to turn trading and payments into rewards

Source: https://coinjournal.net/news/kucoin-launches-kcs-pulsedrop-to-turn-trading-and-payments-into-rewards/ ***

Solana is trading above $90 as of March 4, 2026, with the price seeing slight gains amid an impressive intraday bounce for Bitcoin (BTC).

As BTC trades above $71,000, broader optimism across crypto suggests the psychological $100 level is likely for SOL.

Momentum has currently put the altcoin on the cusp of a key pattern breakout, with Solana’s resilience across the ETFs market crucial to buy-side appeal.

Solana gains amid BTC, ETH uptick

Solana’s price action has closely aligned with gains in leading cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH).

On Wednesday, Bitcoin retested recent highs above $71k, bolstered by sustained institutional interest despite the war in Iran.  

Ethereum also pushed higher, with slight gains putting bulls above the $2,000 mark.

Meanwhile, the Solana price rose 6% to hit intraday highs above the $90 mark.

SOL has not traded above $100 since breaking below the psychological level in early February.

Renewed bearishness amid the Iran war threatened to send bulls bleeding below recent support levels.

However, Bitcoin has sprung above its key supply wall as buyers resurface, and optimism in the cryptocurrency market sees SOL trade in the same direction.

Could an upward breakout take prices past the $100 mark?

Solana price outlook: what next for bulls?

Technically, SOL continues to trade in a downward channel formed since its September 2025 peak above $250.

However, price is tracking an ascending triangle pattern on the daily chart formed since the bounce from the low of $67 on February 6, 2026.

Buyers have found it difficult to break above a key resistance line around $90-$92.

If the altcoin sees a decisive breakout above this mark, it could pave the way for bulls to target $100 and potentially higher.

Momentum indicators like the Relative Strength Index and Moving Average Convergence Divergence support the bullish setup.

The RSI hovers around 50 on the daily chart, suggesting bulls may have room for additional gains, while the MACD continues to signal upside momentum with an expanding histogram.

If bulls negotiate immediate resistance and break higher, the 50-day simple moving average (SMA) at $101 and the 100-day SMA at $116 will be the next hurdles before a potential retest of $150.

However, upside potential remains constrained by the broader descending resistance line tracing back from Solana’s peak in 2025.

A failure to breach $100 might see SOL retrace to major year-to-date support near $77.

The last time Solana traded below $80 was in December 2023 when it was trading in the $60-$105 range.

The post Solana price gains amid BTC uptick to $71k: Can SOL bounce to $100? appeared first on CoinJournal.

Solana price gains amid BTC uptick to $71k: Can SOL bounce to $100?

Source: https://coinjournal.net/news/solana-price-gains-amid-btc-uptick-to-71k-can-sol-bounce-to-100/