hodler

24 Feb 2026, 09:29

GALA Technical Analysis 24 February 2026: Risk and Stop Loss

GALA in downtrend with oversold RSI carries rebound risk, but $0.0034 support is critical. BTC downtrend correlation turns altcoin volatility into an increase, protect capital with stop loss.

24 Feb 2026, 09:24

Solana Signals Clash as $68 Support Holds While RWA Hits $1.68B

Solana is holding above key chart support near $68 as an analyst maps a possible ABC corrective rally, with $61.64 marked as the wave-4 line. Meanwhile, Solana’s tokenized real-world assets climbed to $1.68 billion, and stablecoin transfer volume jumped to $1.39 trillion over 30 days. Solana Holds Above $68 as Analyst Flags $61.64 Wave Level Solana traded near $76 on Binance’s daily SOLUSD chart as an analyst on X pointed to nearby support levels that could shape the next leg. The post came as SOL held above a marked line at $68.02, while price action stayed well above a lower reference at $61.64. SOLUSD Daily Chart. Source: Man of Bitcoin on X In an update shared by Man of Bitcoin (@Manofbitcoin), the analyst said $61.64 is the “key level” to keep a labeled wave 4 structure intact. Meanwhile, the post added that SOL is “currently holding support,” with $68.02 acting as the nearer line to defend. As long as $68.02 holds, the analyst said an ABC corrective rally remains the “likely roadmap,” which implies a rebound phase inside a broader correction. On the same chart, the analyst’s upside zone appears between roughly $141.50 and $215.53, while additional downside markers sit around $53.04, $40.48, $33.44, and $26.23 if price breaks lower. Solana RWA growth drives onchain transfer activity Meanwhile, Solana’s real-world asset footprint expanded in February, with dashboard data showing $1.68 billion in distributed asset value, up 44.17% over the past 30 days. The update reflects rising issuance and usage of tokenized assets on Solana, while onchain transfer activity accelerated over the same period. Solana RWA and Stablecoin Metrics Dashboard. Source: rwa.xyz / curb.sol on X At the same time, stablecoin 30-day transfer volume on Solana reached $1.39 trillion, up 252.59% month over month. The network’s RWA 30-day transfer volume stood near $2.00 billion, up 11.23% in 30 days. In parallel, stablecoin market capitalization on Solana rose to $14.93 billion, up 5.88% over the period, while RWA holders increased to 63,749, up 1.58%. In a post on X, curb.sol (@CryptoCurb) highlighted the RWA figure, saying Solana’s RWA market cap reached $1.68 billion, up about 44% in the past month. The same dashboard shows 344 RWAs listed on Solana and a represented asset value near $39.97 million, alongside broader growth across tokenized funds and onchain representations tracked over 2024-2026.

24 Feb 2026, 09:20

EUR/HUF Exchange Rate: Critical Analysis of NBH Cutting Cycle Restart and Currency Impact – ING Insights

BitcoinWorld EUR/HUF Exchange Rate: Critical Analysis of NBH Cutting Cycle Restart and Currency Impact – ING Insights BUDAPEST, March 2025 – The Hungarian National Bank’s potential restart of its monetary easing cycle presents significant implications for the EUR/HUF exchange rate, according to recent analysis from ING Bank. Financial markets now closely monitor NBH signals as Hungary navigates post-inflation economic normalization. This development follows eighteen months of aggressive rate hikes that stabilized the forint but constrained economic growth. Consequently, currency traders anticipate volatility shifts as policy adjustments materialize. EUR/HUF Exchange Rate Dynamics and Historical Context The EUR/HUF currency pair represents one of Central Europe’s most actively traded forex instruments. Historically, the exchange rate demonstrates sensitivity to monetary policy divergences between the European Central Bank and the NBH. Over the past decade, the pair traded within a 350-400 range during stable periods. However, recent inflationary surges pushed the NBH to implement Europe’s highest policy rates at 13%. This aggressive stance temporarily strengthened the forint but created economic headwinds. Market analysts now observe changing conditions. Eurozone inflation approaches the ECB’s 2% target while Hungarian price growth shows sustained moderation. This convergence creates potential for policy synchronization. Furthermore, Hungary’s current account deficit narrowed significantly in late 2024. These improvements provide the NBH with operational flexibility. The central bank must balance currency stability against growth stimulation needs. NBH Monetary Policy Evolution and Cutting Cycle Framework The Hungarian National Bank initiated its current tightening cycle in June 2022. Policy rates increased from 1.60% to 13.00% within eighteen months. This represented the region’s most aggressive monetary response to inflation. The NBH maintained restrictive policy throughout 2024 despite early signs of economic contraction. Governor György Matolcsy repeatedly emphasized inflation control as the primary objective. Recent communications suggest a strategic pivot. The NBH’s December 2024 statement introduced conditional language regarding future rate decisions. Specifically, policymakers referenced “data-dependent approaches” and “gradual normalization.” These terms typically precede easing cycles. ING analysts identify three potential triggers for cuts: Inflation Convergence: Hungarian CPI approaching the 3% ±1% tolerance band Growth Concerns: Quarterly GDP contractions exceeding expectations External Stability: Sustained forint strength and reserve accumulation The table below illustrates recent NBH policy decisions: Date Policy Rate Change Primary Rationale Dec 2024 13.00% 0 bps Monitoring disinflation trend Oct 2024 13.00% 0 bps Inflation persistence risks Aug 2024 13.00% 0 bps Currency stability requirements Jun 2024 13.00% -25 bps First cautious cut attempt Currency Impact Analysis and Market Implications Monetary easing cycles typically exert downward pressure on domestic currencies. However, the EUR/HUF response depends on multiple factors. First, the pace and magnitude of cuts determine market reactions. Gradual reductions of 25-50 basis points per meeting might produce limited forint weakness. Conversely, aggressive cuts could trigger substantial depreciation. Second, forward guidance quality influences outcomes. Clear communication about the cycle’s endpoint helps anchor expectations. Third, external factors remain crucial. The ECB’s own policy trajectory creates relative dynamics. Currently, the Eurozone maintains higher rates than pre-2022 levels. This differential provides some protection for the forint. Additionally, regional risk sentiment affects all Central European currencies simultaneously. Finally, technical factors like positioning and liquidity conditions amplify moves during policy transitions. ING’s Analytical Perspective and Forecast Scenarios ING Bank’s research division published detailed analysis in February 2025. Their economists identify two probable scenarios for the EUR/HUF pair. The baseline scenario assumes a measured cutting cycle beginning in Q2 2025. This approach would involve 25 basis point reductions at alternating meetings. Consequently, the policy rate reaches 10.00% by year-end. Under these conditions, ING projects EUR/HUF trading between 385 and 400. The alternative scenario involves delayed easing. Persistent services inflation or geopolitical tensions might postpone cuts until Q3 2025. This delay would maintain higher carry trade attractiveness. Therefore, the forint could appreciate toward 375 against the euro initially. However, subsequent cuts would then generate more pronounced weakness. ING emphasizes that both scenarios assume no major external shocks. Historical comparisons provide additional context. Previous NBH easing cycles in 2016 and 2020 produced different outcomes. The 2016 cycle coincided with global risk-on sentiment, limiting forint depreciation. Conversely, the 2020 pandemic-era cuts occurred during market stress, amplifying currency weakness. Current conditions resemble 2016 more than 2020, suggesting contained impact. Economic Background and Structural Considerations Hungary’s economy displays unique characteristics influencing monetary policy effectiveness. The country maintains high foreign currency debt levels, particularly in Swiss francs and euros. This structure creates exchange rate sensitivity for both households and corporations. Additionally, Hungary operates within the European Union but outside the Eurozone. This position allows independent policy but requires careful currency management. Several structural factors support forint stability despite easing prospects. First, foreign direct investment continues flowing into automotive and battery manufacturing sectors. Second, EU fund disbursements resumed following rule-of-law concerns resolution. Third, tourism revenue reached record levels in 2024. These inflows provide fundamental support. Moreover, the NBH maintains substantial foreign exchange reserves exceeding €40 billion. Inflation dynamics warrant particular attention. Hungarian CPI peaked at 25.7% in January 2023 before declining steadily. The rate reached 5.2% by December 2024, approaching the upper tolerance band. Core inflation metrics show slower improvement, especially in services. This stickiness might constrain the cutting cycle’s pace. Additionally, wage growth remains elevated around 12-14% annually, creating potential second-round effects. Conclusion The EUR/HUF exchange rate faces a pivotal period as the NBH contemplates restarting its cutting cycle. Monetary policy normalization represents a delicate balancing act for Hungarian authorities. Market reactions will depend on implementation pace, communication clarity, and external conditions. ING’s analysis provides valuable frameworks for understanding potential outcomes. Ultimately, Hungary’s strong fundamentals and EU integration should contain excessive volatility. Nevertheless, traders must prepare for increased EUR/HUF fluctuations during this policy transition. FAQs Q1: What triggers the NBH to restart its cutting cycle? The NBH typically considers cutting rates when inflation approaches its target band, economic growth shows significant slowing, and currency stability appears sustainable. Recent data shows Hungarian CPI falling toward 5%, creating conditions for potential easing. Q2: How does the EUR/HUF exchange rate typically react to NBH rate cuts? Historical patterns show the forint generally weakens against the euro during easing cycles, but the magnitude depends on cut size, pace, and global market conditions. Gradual cuts often produce limited depreciation if well-communicated. Q3: What differentiates Hungary’s current situation from previous cutting cycles? Current conditions feature higher initial interest rates, better EU fund access, stronger FDI inflows, and more anchored inflation expectations than previous cycles. These factors may support the forint despite policy easing. Q4: How does ECB policy affect the EUR/HUF exchange rate during NBH easing? The ECB’s own policy trajectory creates relative interest rate differentials. If the ECB cuts rates simultaneously or before the NBH, the forint might experience less pressure. Divergent policies typically amplify exchange rate moves. Q5: What risks could alter the projected EUR/HUF trajectory? Geopolitical tensions, unexpected inflation rebounds, sudden risk-off sentiment in global markets, or faster-than-expected ECB easing could all significantly impact the EUR/HUF exchange rate beyond current projections. This post EUR/HUF Exchange Rate: Critical Analysis of NBH Cutting Cycle Restart and Currency Impact – ING Insights first appeared on BitcoinWorld .

24 Feb 2026, 09:20

Ethereum at a Crossroads as $1,896 Holds and Weekly RSI Hits Rare Low

Ethereum hovered near $1,850 on Binance’s 4 hour ETHUSD chart after recent swings tightened into a narrowing triangle, while an analyst flagged $1,896 as the key level that still keeps the upside setup intact. ETH chart pins momentum on $1,896 as triangle tightens X user Man of Bitcoin said Ethereum needs to hold $1,896 to keep upward momentum alive. He added that a break below that level would shift focus to his “yellow roadmap,” which outlines lower downside targets. Ethereum/U.S. Dollar 4 hour chart (ETHUSD, Binance). Source: Man of Bitcoin on X On the chart, price action compresses between a falling upper trendline and a rising lower trendline, forming a triangle that often forces a decision as the range narrows. Ethereum traded around $1,950 while sitting just above the highlighted $1,896 line, which acts as a nearby pivot. The same roadmap marks upside reference levels near $2,145 and $2,396 if buyers regain control. However, if price slips under $1,896, the chart highlights lower Fibonacci areas around $1,832 and $1,820, with deeper levels near $1,600 and $1,387 also shown as potential downside zones. Weekly RSI hits rare low as Ethereum revisits long range support Meanwhile, X user Investing DeCrypted said Ethereum’s weekly RSI dropped to one of its lowest readings on record, marking only the fifth such instance. On the chart, similar RSI lows appeared near prior cycle troughs and later aligned with short-term rebounds. The indicator now sits near the lower band of its long-term range, which frames the current move as another period of compressed momentum. Ethereum/U.S. Dollar weekly chart (ETHUSD, Coinbase). Source: Investing DeCrypted on X Price action since late 2021 has stayed inside a broad horizontal structure. The chart shows repeated reactions around the same mid-range band, with pullbacks finding bids near prior support and rallies stalling below the upper range. Most recently, Ethereum rolled over from a local high and returned toward the middle of that long-term range, which the analyst marked as a recurring reaction zone across 2022, 2023, 2024, and early 2026. The weekly view also shows that rallies over the past two years failed to transition into a sustained trend. Instead, price rotated within the range while momentum oscillated between neutral and weak readings. As Ethereum revisits the same support area highlighted by earlier reactions, the RSI again sits near prior cycle lows, placing current price action within a historical context of past compression phases that preceded temporary rebounds on the weekly timeframe.

24 Feb 2026, 09:18

XRP may retest $1.12 as derivatives data remains poor: Check forecast

The cryptocurrency market has continued its weekend selloff into the new week as Bitcoin, Ether, and XRP are all in the red. Bitcoin has dropped below the $63k level, while Ether is now trading below $1,900 once again. XRP, the third-largest non-stablecoin cryptocurrency by market cap, is trading close to the $1.30 level after losing 3% of its value since Monday. It broke the intra-day low of $1.33 during the Asian trading session and could be set to record further losses in the near term. Declining derivatives data plunges XRP lower XRP has lost 7.5% of its value in the last seven days amid mixed signals from the broader cryptocurrency market. CoinShares revealed in its latest report that inflows into XRP-related investment products declined to $3.5 million last week. This was a 90% dip from the previous week’s $33 million in inflows, bringing the total assets under management to $2.6 billion, with YTD inflows at $151 million. However, demand for Bitcoin ETFs remained poor, with cumulative outflows reaching $215 million last week. Spot Bitcoin ETFs’ total assets under management stand at $104 billion. However, YTD outflows average $1.3 billion, according to CoinShares. CoinShares added that Ethereum is also experiencing an extended capital exit last week, with outflows totalling $36.5 million. Currently, spot Ethereum ETFs have a YTD outflow of $494 million, while cumulative assets under management exceed $15 million. Meanwhile, retail interest in XRP has been declining in recent days. Data obtained from CoinGlass shows that XRP’s futures Open Interest (OI) has declined to $2.26 billion, down from the $2.4 billion recorded on Monday. The declining OI suggests that investors are reducing their risk as confidence in the token remains poor. Thus, decreasing the odds of a potential recovery in the coming sessions. Technical outlook: Will XRP retest the February 6 low? The XRP/USD 4-hour chart, similar to BTC and ETH, is currently bearish. At press time, XRP is trading around the $1.32 level. The technical indicators show that XRP’s price could dip lower in the near term. The Moving Average Convergence Divergence (MACD) is below the neutral level on the 4-hour chart, indicating a bearish bias. At the same time, the Relative Strength Index (RSI) at 38 remains well below neutral on the same chart, aligning with the overall weak technical structure. Currently, XRP’s 50-day Exponential Moving Average (EMA) at $1.66, the 100-day EMA at $1.87, and the 200-day EMA at $2.09 are sloping lower, suggesting that the bears could remain in control in the near term. If the bearish trend persists, XRP could retest the February 6 low of $1.12 over the next few hours or days. However, if market sentiment improves and investors increase their exposure, XRP could rally towards the nearest supply zone at $1.54. The post XRP may retest $1.12 as derivatives data remains poor: Check forecast appeared first on Invezz

24 Feb 2026, 09:13

Shiba Inu (SHIB) Invalidates Last Bullish Setup It Had in 2026

Shiba Inu's last bullish setup invalidated, which hints at the continuation of the potential downtrend.