Older and mid‑range mining rigs like the Antminer S19 XP+ Hydro, Whatsminer 
M60S and Avalon A1466I have reportedly already crossed shutdown thresholds, 
while even newer S21 units are nearing viability limits. The Profitability 
Cliff The bitcoin mining industry is facing a severe profitability squeeze 
this week as a combination of falling cryptocurrency prices and high […]

Bitcoin Miners Hit ‘Shutdown Prices’ as Profitability Slumps to Multi-Month Low

Solana has pulled back into a key demand zone, a level that could determine 
whether its strong trend continues or falters. How price reacts here will be 
crucial, as a hold may signal a trend reload, while a breakdown could push SOL 
into broader market chop. Solana Returns To A Critical Weekly Demand Zone 
Giving an update on the weekly timeframe, Cyril-DeFi explained that Solana has 
been one of the standout performers this cycle. Still, price has now returned 
to a critical demand zone that could determine its next major move. According 
to Cyril, this area has historically acted as a pivot point where momentum 
either re-ignites or fades. Related Reading: Solana (SOL) Keeps $100 Alive, 
Recovery Push Faces First Test This is the type of zone where strong trends 
tend to reload if buyers successfully defend it. However, a failure to hold 
would suggest that the prior strength is losing traction, increasing the risk 
that the trend structure begins to deteriorate. From Cyril’s perspective, a 
firm hold at current levels would position Solana to lead the next altcoin 
impulse, reinforcing its relative strength against the broader market. On the 
other hand, losing this demand zone would likely see SOL slip into extended 
consolidation, moving in line with the wider market chop rather than 
outperforming it. Cyril-DeFi concluded by stressing that he is closely 
observing how the price behaves around this area instead of trying to predict 
outcomes in advance. The Only High-Conviction Long Setup On The Table 
According to a recent Solana post shared by Ardi, only one long setup stands 
out as technically sound under current conditions. With the market still under 
pressure, waiting for confirmation seems safer than attempting to anticipate a 
bottom, as premature entries tend to get punished in weak structures. Related 
Reading: Solana Pauses After 20% Drop — This Key Level Could Decide What’s 
Next Ardi highlighted the $119 level as a key pivot for Solana. A successful 
reclaim of this zone, ideally through a spring or brief fakeout below 
resistance, could signal that demand is returning. If that occurs, price could 
surge higher toward the top of the range on a macro lower high rally rather 
than a full bullish reversal. From a risk-to-reward standpoint, this reclaim 
scenario remains the most attractive option available. It provides a clear 
technical trigger, defined invalidation, and a logical upside target, allowing 
traders to participate without overexposing themselves in an uncertain 
environment. He also outlined an alternative strategy involving the 200-week 
simple moving average around the $100 mark, an area that previously acted as 
macro support in April 2025. Still, Ardi cautioned that in a broader 
downtrend, odds are often against traders until a major level is reclaimed, 
making a decisive move back above $119 crucial before confidence can truly 
return. Featured image from Adobe Stock, chart from Tradingview.com

Solana Returns To A Critical Demand Zone — Trend Reload Or Breakdown Risk?

“Don Colossus” is not just a tribute to the 34-felony-count president. The New 
York Times describes a bizarre back-and-forth that proved to be a 
rollercoaster of financial hopes and legal disputes.

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Elon Musk revived the long-running “Dogecoin to the moon” saga on Feb. 3 with 
a casual “Maybe next year” reply on X, but this time the market barely 
flinched as DOGE kept sliding. SpaceX Boss Elon Musk Says ‘Maybe Next Year’ on 
Dogecoin Moon Plan On Tuesday, Feb. 3, 2026, Elon Musk, well known for […]

Elon Musk Revives Dogecoin Moon Talk, but DOGE Keeps Falling

Crypto analyst and Elliott Wave expert Gert van Lagen has highlighted a 
critical level that could determine the next move in the Bitcoin price. In a 
recently shared 2-week chart, Lagen points to a broader market structure that 
suggests Bitcoin may be preparing for another strong upward leg, provided it 
continues to hold above $74,000. According to the analyst, this level now 
serves as a key support zone, marking the boundary between bull-market 
continuation and a potentially more concerning structural breakdown. Why 
$74,000 Matters For Bitcoin Price Bull Structure In an X post, Lagen shared a 
detailed analysis of Bitcoin, predicting its next price move based on Elliott 
wave structures. His accompanying chart shows BTC completing an extended 
corrective phase following a multi-year rally. This correction, labeled Wave 
IV, has pulled the price back into a previous consolidation zone without 
disrupting the broader bullish structure. As long as Bitcoin remains above 
$74,400, the analyst views this move as a healthy reset rather than the 
beginning of an extended bear market. Related Reading: Here’s Why The Bitcoin, 
Dogecoin, And XRP Price Are Crashing This Week Looking back at earlier phases 
of the cycle helps explain why the $74,400 support level is so critical. Lagen 
noted that during the build-up to Wave III, Bitcoin experienced a deep 
retracement that nearly revisited the low from the previous corrective wave 
before pushing higher. The cryptocurrency’s current price action appears to 
follow the same pattern, with the latest pullback approaching the bottom of 
Wave IV at mid-$70,000. This type of pattern repetition is common in Elliott 
Wave structures and often signals that the market may be preparing for a 
stronger upward move. In line with this, Lagen highlighted that BTC’s recent 
price movements match the characteristics of a Wave II correction within a 
broader Wave V advance. He said that $74,000 remains in the invalidation area. 
Holding above it keeps Bitcoin’s bullish outlook intact, while a decisive 
break below it would force a reassessment of BTC’s entire market structure. In 
any case, the analyst has stated he does not expect Bitcoin to break this 
support zone. What The Chart Says About Bitcoin’s Next Move If the $74,400 
support level continues to hold, the projected path on Lagen’s chart suggests 
the start of a new impulsive rally that would mark the early phase of Wave V. 
The initial move higher is expected to push the Bitcoin price back above 
previous highs, signaling that the corrective phase has ended and momentum has 
flipped back in favor of the bulls. According to the analyst, if Bitcoin 
continues to mirror past patterns, a bearish outcome remains less likely. 
Related Reading: Bitcoin Price Will Still Rally Above $99,000 Despite Bearish 
Sentiment, Here’s Why Looking at his chart, Lagen has projected that Bitcoin 
could experience a bullish continuation toward the $260,000 to $320,000 
region, which aligns with sub-wave 3, the strongest phase of a Wave V advance. 
Following this, the final extension of Wave V is expected to push Bitcoin 
toward $400,000, reflecting a final-cycle advance and representing a surge of 
more than 410% from current levels around $78,000. Featured image from Peakpx, 
chart from Tradingview.com

Cryptocurrency price in EUR