Technical analysis shows Shiba Inu breaking out of a Falling Wedge pattern with increased volume, while whale activity and declining futures interest create mixed market dynamics that traders are closely monitoring.
Dogecoin faces multiple challenges that could prevent a breakout, despite recent whale activity.
Dogecoin, has evolved into one of the most recognized and actively traded digital assets in the market. With support from high-profile figures, particularly Elon Musk, Dogecoin has gained significant attention.
For FLOKI to replicate its 2024 breakout, it must first break through key resistance levels.
Glauber Contessoto, popularly known as SlumDOGE Millionaire , advocated buying ‘conviction plays' like frog-themed Pepe (CRYPTO: PEPE) on Thursday, amid a broader slump in the meme coin market. What Happened: SlumDOGE Millionaire encouraged his X followers to seize the opportunity presented by the ongoing correction to invest in meme coins “like there's no tomorrow.
Dogecoin started a fresh decline below the $0.2620 zone against the US Dollar. DOGE is now consolidating and struggling to clear the $0.2550 resistance.
Floki Inu (FLOKI) has seen strong daily volumes in the past 24 hours, with more than $200 million changing hands across major exchanges per CoinMarketCap as the price has rallied more than 3%. The post FLOKI Sees $200M in Daily Volume – Are the Whales Loading Up for a Massive Run? appeared first on Cryptonews.
Shiba Inu price has recently broken out of a Falling Wedge pattern, a formation commonly recognized as a bullish reversal signal in technical analysis. The pattern is characterized by a downward consolidation with lower highs and lower lows, which eventually leads to a meme coin rally breakout.
The recent market decline has made it difficult for Shiba Inu to regain its bullish momentum. Technical indicators, however, point to the possibility of a golden cross formation developing earlier than anticipated, which could support a robust recovery for SHIB despite the uncertainty.
The PEPE price is currently trading within a Falling Wedge pattern, a historically bullish indicator that suggests an imminent breakout. A crypto analyst predicts that a decisive move above key resistance levels could trigger a 150% rally towards new all-time highs for PEPE.
In a statement Thursday, Sen. Elizabeth Warren, D-Mass.
Cryptocurrency markets remain bullish on Thursday, fueled by optimism over potential altcoin ETFs. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $98,414.37 +2.6% Ethereum (CRYPTO: ETH) $2,753.73 +1.7% Solana (CRYPTO: SOL) $174.54 +3.5% XRP (CRYPTO: XRP) $2.71 +1.9% Dogecoin (CRYPTO: DOGE) $0.2543 +1.1% Shiba Inu (CRYPTO: SHIB) $0.00001555 +1.7% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 8.6% and daily active addresses falling by 11.6%.
Data shows the Dogecoin Open Interest has seen a large drop recently. Here's how the trend has compared for Shiba Inu and other memecoins.
Dogecoin price is currently trading within a symmetrical triangle pattern, a chart formation often associated with potential breakout moves. The pattern forms as price action converges within narrowing trendlines, indicating a phase of consolidation.
Investors turned to Altcoins, which has the potential for positive returns. They began tracking the rise of coins like Dogecoin (DOGE) to identify the best-performing options. Rexas Finance (RXS) and Ondo, each priced below $5, along with Cardano (ADA), also showed growth.
Shiba Inu dips to $0.00001514, but traders target $0.000078 by summer, while Panshibi sparks meme coin speculation. #partnercontent
The Pepe price has been navigating extreme volatility throughout February, but recent whale activity may be hinting toward a bottom. The post PEPE Trading Volume Explodes 164% – Are Whales Preparing for $1 PEPE? appeared first on Cryptonews.
Such a move would push DOGE to well above $0.3.
Shiba Inu (SHIB) has shown signs of potential recovery despite facing hurdles, with the price hovering around $0.00001534 at press time. However, for a sustainable rally, Shiba Inu must tackle a significant challenge: the decrease in transaction count and its broader impact on demand.
The official X account of Dogecoin has published a tweet debating an article which states that Bitcoin is not a meme coin.
US Treasury Secretary Scott Bessent discusses attacks on Elon Musk's Department of Government Efficiency and whether or not the idea of returning a portion of money found by DOGE to American citizens would be inflationary. He speaks on “Bloomberg Surveillance.
Dog-themed cryptocurrency Shiba Inu recently experienced a remarkable surge in its burn rate, a strategy aimed at lowering SHIB's total supply while potentially increasing long-term value. However, after a period of increase, Shiba Inu's burn rate has now taken a breather, settling at just 1.97% in the last 24 hours.
A jaw-dropping 100 million Dogecoin (DOGE), worth about $25.4 million, just landed on the world's largest exchange Binance. Not the usual pattern - lately, most big transactions have been withdrawals.
Dog-themed cryptocurrency Shiba Inu (SHIB) has been trading down in the last 24 hours; at the time of writing, SHIB was down 0.21% daily to $0.00001538. Weekly, Shiba Inu was recording higher losses, down nearly 7%.
The number of Shiba Inu trillionaires is decreasing in rapid fashion, which could be a signal for the rest of SHIB holders. The on-chain data is certainly not positive, and as large holders decrease their SHIB holdings, the market might see continuous selling pressure.
In a video on Wednesday, the popular YouTube channel More Crypto Online offered an analysis of Dogecoin's price structure, suggesting that the meme-inspired cryptocurrency could be on the cusp of a breakout or breakdown—provided it falls below critical support levels. The analyst's outlook centers around Elliott Wave counts, potential consolidation patterns, and pivotal price thresholds that could define Dogecoin's short-term trajectory.
A Dogecoin whale's recent decision to offload a whopping 100 million coins has set off severe investor concerns on Thursday. The crypto whale or large-scale investor, reflected a loss of confidence in the meme-themed asset primarily attributed to the current broader market volatility.
Dogecoin (DOGE) has been exhibiting potential for a breakout in recent days, fueled by positive market conditions and investor sentiment. Currently trading at $0.25, the meme coin is eyeing a crucial resistance level at $0.26.
According to prediction markets, Kalshi forecasts that the Department of Government Efficiency (DOGE) will cut 317,000 government employees in 2025. The agency has already fired thousands of government employees and offered others deferred resignation proposals.
Popular memecoin could be in for a very interesting short-term on the price charts now.
Dogecoin is trading within a symmetrical expanding triangle pattern between $0.2403 and $0.2923, with technical indicators and historical patterns suggesting an imminent breakout as the price currently consolidates at $0.25.
Ethereum $10k call has reignited market debates, with one high-profile trader declaring ETH could breach five figures this year if macro conditions align. Recent aggregator data places Ethereum at about $1,840, with a 24-hour volume of roughly $5.1 billion, suggesting ongoing appetite from institutions and retail investors.
Once more drawing attention in the crypto scene, Dogecoin (DOGE) has market researcher XforceGlobal speculating that the joke coin still has 10 times potential for a price increase. This optimistic forecast has attracted interest as investors consider whether DOGE may provide large returns in the face of continuous market swings.
Shiba Inu could be poised for an uptrend if current level holds but transactions count create a major obstacle.
Due to its resilience, Ethereum is raising hopes that it can avoid the daily chart's dreaded death cross formation. The 50-day moving average crossing below the 200-day MA, known as a death cross, frequently indicates bearish momentum and additional price drops.
The Dogecoin price is threatening a breakdown from its current support level, having been through two H4 retests. Crypto analyst UB revealed what to watch out for as the foremost meme coin continues to be range-bound in the short term.
Bitcoin remains stuck inside the range, with no clear indication of a price breakout or breakdown.
Pepe (PEPE) price, the frog-themed memecoin, has seen a sharp decline, losing 40% of its value over the past month. After briefly touching $0.000028, the token struggled to maintain momentum and is now facing further downside risks.
Crypto markets are trending higher on Wednesday, driven by optimism around potential altcoin spot ETFs. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $96,045.95 +2.4% Ethereum (CRYPTO: ETH) $2,711.43 +3.5% Solana (CRYPTO: SOL) $168.94 +3.1% XRP (CRYPTO: XRP) $2.66 +7% Dogecoin (CRYPTO: DOGE) $0.2518 +2.4% Shiba Inu (CRYPTO: SHIB) $0.00001531 +2% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 9.2% and daily active addresses up by 4%.
The crypto market is having a hard time gaining positive movement, and meme coins are particularly suffering. This has caused the price of PEPE to stabilize within a bearish region for an extended period. Also, on-chain metrics indicate a possible 20% drop in value because buyers couldn't overcome resistance levels.
A recent technical analysis of Dogecoin's price chart on the weekly candlestick timeframe has revealed a compelling outlook for the meme coin's long-term trajectory. According to the analyst, Dogecoin is currently the only meme coin capable of delivering a 5-10x return.
Shiba Inu (SHIB) - once one of the leading meme coins - is currently stagnating and has been moving in a downward trend for several months in a row. Against this backdrop, the token's popularity is rapidly declining.
Dogecoin has once again dipped into oversold territory on its 4-hour chart on Tuesday, marking the most pronounced level of selling pressure since the sudden capitulation on February 3. During that episode, the price plunged to around $0.20 before rebounding by 45% within the same trading day—a move that underscored how quickly Dogecoin can rally from oversold conditions.
The Department of Government Efficiency (DOGE), a federal cost-cutting effort backed by President Donald Trump and founded by billionaire Elon Musk, reportedly has some discrepancies in its reported savings. According to its website, DOGE claims to have saved $55 billion in federal spending, but only $16.6 billion of that amount is accounted for, leaving $38.
Dogecoin struggles in a correction phase with declining price and network activity. Despite short-term bearish trends, DOGE maintains strong fundamentals with potential catalysts ahead.
Shibarium, the Ethereum-based layer-2 scaling solution for the Shiba Inu ecosystem, has suffered decreased activity in the past couple of days. Daily transactions being processed on the protocol plummeted from 4.77 million on Feb. 14 to just 54,640 on Feb. 17.
According to on-chain analytics platform Glassnode, frog-themed cryptocurrency PEPE has seen a major deleveraging as Futures Open Interest across the meme coin sector has dropped significantly since their peaks.
Most of the coins are coming back to the green zone after a bearish market opening.