The Shibburn data tracker, popular within the Shiba Inu community, has spread the word about a large spike in the weekly SHIB burn rate when half a billion meme coins have been moved to unspendable wallets.

A new technical analysis suggests that the crypto market, which includes altcoins like Ethereum (ETH) and Dogecoin (DOGE), is about to experience a major altcoin season that could last 217 days. If critical support levels are maintained, the analyst suggests that we may finally see the long-anticipated altcoin season.

While Shiba Inu Price is showing early signs of recovery, a massive rally would be needed to hit this milestone.

An analyst has explained how Dogecoin could still have a chance at a parabolic run if the support level of this pattern ends up holding. Dogecoin Is Retesting The Lower Bound Of An Ascending Channel In a new post on X, analyst Ali Martinez has shared a long-term Ascending Channel that the 1-week price of Dogecoin has been trading inside over the years.

Since the beginning of this year, Dogecoin, the largest meme coin, has been riding the bearish wave, dropping from its yearly high of $0.48 to as low as $0.15. DOGE's persistent descent is a testament to the highly volatile nature of the cryptocurrency market.

DOGE's price action revealed a potential breakout, thanks to strong buying pressure and a hike in network activity.

After months of struggle in gathering momentum, Dogecoin (DOGE) might be about to undergo a dramatic price reversal. Monitoring the movements of the meme coin, analysts believe it has hit a turning point and might thus launch a quick comeback.

After hitting recent lows, XRP has recovered, significantly rising by about 20%. After striking important support levels, the asset quickly recovered, giving investors new hope.

Dogecoin has witnessed a massive spike in its active addresses, providing a bullish outlook for the foremost meme coin. Based on this development, the DOGE price could also witness a bullish reversal soon enough as it reclaims key support levels.

Crypto markets are surging into the weekend, sparking speculation on whether Bitcoin's break above $84,000 could fuel further upside. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $84,793.95 +5% Ethereum (CRYPTO: ETH) $1,939.46 +4.6% Solana (CRYPTO: SOL) $134.25 +9.2% XRP (CRYPTO: XRP) $2.35 +4.3% Dogecoin (CRYPTO: DOGE) $0.1713 +4.2% Shiba Inu (CRYPTO: SHIB) $0.00001265 +5.7% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 15.5% and daily active addresses up by 3.6%.

Shiba Inu (SHIB 5.64%) is among the leading so-called meme tokens in the market. This is a token that tends to rise and fall on the basis of animal spirits, with speculators and traders largely driving outsize moves in this particular cryptocurrency utilizing (in many cases) leverage to place bets on the direction this token will head over short periods of time.

Shiba Inu's price has crashed into a bear market this year, wiping out $12 billion as its market cap dropped to $7.4 billion.

Check out what suggests that SHIB's valuation might head north soon.

Floki (CRYPTO: FLOKI) is gaining momentum as speculation of problems with trading the meme coin on Coinbase has been disspelled. What Happened: In an X post on Friday, Floki dismissed rumors of a Coinbase delisting, confirming that the platform is only halting trading in New York—a region that accounts for just 2-5% of FLOKI's volume on Coinbase.

Bitcoin (BTC) has risen back above the 200-day simple moving average ($83,754), indicating that the bulls are attempting a comeback. The failure of the bears to capitalize on the drop below the 200-day SMA shows that selling dries up at lower levels.However, Bitcoin may not be out of the woods yet.

The Shiba Inu (SHIB) community has been put on high alert following a crucial warning from Susbarium Shibarium Trustwatch, a Shiba Inu-focused X account dedicated to uncovering scams and protecting the Shiba Inu community.

There are times when price moves on the crypto market seem to follow a predictable path, respecting key levels and playing within the boundaries of well-established indicators. Then there are moments when a coin like Shiba Inu (SHIB) appears to be winding up for something bigger, something that could potentially shift its trajectory big time.

Dogecoin price is drawing increased market attention as it hovers near a critical support level. Analysts suggest that the current price range between $0.15 and $0.17 could represent the final opportunity for investors to buy before a potential breakout.

Dogecoin (DOGE) is facing increased downward pressure as the death cross formation worsens, pushing prices lower. With short-term moving averages staying below longer-term ones, a swift recovery seems unlikely.

The SHIB burn rate skyrocketed by 27,660% in the past 24 hours, with 503,305,764 SHIB permanently removed from circulation, according to Shibburn. This dramatic increase was primarily driven by a single massive burn of 459,294,504 SHIB, with the remaining amount burned through smaller transactions.

Dogecoin (DOGE) has gained momentum alongside other meme coins as holders set sights on an upswing. The crypto market has suffered headwinds wiping off gains and forcing retail and institutional traders under sell pressures.

Shiba Inu bulls have staged a mild comeback for the digital currency after more than a week-long SHIB sell-off. While still not out of the woods yet, the price of Shiba Inu was changing hands for $0.00000125, up by 2.87% in the past 24 hours, per CoinMarketCap data.

Popular blockchain tracker Shibburn has published a tweet, notifying the community about a mammoth amount of SHIB has been burned since last morning.

Technical analysis and on-chain data suggest Dogecoin may be poised for a major rally if it breaks above the 100-week SMA and maintains support at $0.16.

Dogecoin is clearly not in a great place due to the aggravation of the death cross on the market, which is slowly but surely going deeper, pushing the price deeper. Basically, with short-term moving averages staying below longer-term averages, the price of the asset is unlikely to recover in a quick fashion.

Since the first week of December 2024, the Shibarmy has experienced a choppy market for Shiba Inu (SHIB) akin to Ethereum (ETH). The mid-cap dog-themed memecoin, with a fully diluted valuation of about $7.

Multiple factors are in line with each other, reinforcing the "buy low" strategy. However, is now the right time to follow suit?

The total cryptocurrency market cap has lost more than $1 trillion in the past three months, causing intensified panic selling.

Shiba Inu is not only seeing a decline in price, but also a falling Open Interest. A technical outlook reveals a potential reversal.

A death cross, a serious bearish signal that could threaten Dogecoin's price momentum, has officially formed. A prolonged period of downward pressure is frequently indicated by this technical pattern, which arises when the 50-day moving average crosses below the 200-day moving average.

After months in decline, Dogecoin price could be leaving the bears in the dust as it has its eyes peeled on a fresh rally. Analysts are calling the bottom for the dog-themed coin amid chatter for an ETF approval by the SEC.

Dogecoin's price action has been under intense pressure after another support level at $0.175 failed to hold, leading to a decline toward a crucial zone. The latest daily candle closed with a lower wick after a rebound from the $0.

Dogecoin (DOGE) is facing a critical moment, having lost over 40% of its value since the start of March. The entire crypto market is under intense selling pressure, driven by macroeconomic uncertainty and heightened volatility.

The Department of Government Efficiency (DOGE) is reportedly proposing cutting the Internal Revenue Service's (IRS) workforce by 20% in a change expected to take effect by May 15, 2025.According to CNN, the cuts would impact an estimated 6,800 employees at the government agency, in addition to the 6,700 probationary employees who have already been let go and 4,700 IRS agents who were given severance packages to retire. However, a recent ruling from US district judge William Alsup ordering federal agencies to reinstate probationary workers terminated due to the DOGE cost-cutting programs could hinder the layoffs if the order is not overturned.

Cryptocurrencies saw another day of bearish price action on Thursday, with only XRP displaying relative strength. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $80,353.45 -3% Ethereum (CRYPTO: ETH) $1,852.08 -1.5% Solana (CRYPTO: SOL) $121.79 -2.4% XRP (CRYPTO: XRP) $2.24 +0.4% Dogecoin (CRYPTO: DOGE) $0.1631 -3.7% Shiba Inu (CRYPTO: SHIB) $0.00001190 -2.9% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 10.7% and daily active addresses falling by 5%.

Shiba Inu (SHIB) price has gained attention recently, but it is struggling to maintain momentum. Currently, SHIB is hovering near the $0.000011 support level, showing difficulty in recovering.

Ripple's XRP is showing lingering short bias and sell pressure and Dogecoin is showing a "death cross" technical pattern, while bitcoin dominance rises. CoinDesk's Christine Lee explains the latest crypto market technical trends on "Chart of the Day.

A popular meme coin has shown signs of recovery as it entered bullish territory with analysts showing optimism for the future of the crypto in the upcoming months. Analysts predict that Dogecoin's current momentum will push it to a possible 318% rally, giving their insights on what is driving this move upward.

Top meme coins are bouncing as the broader market chops. Dogecoin is roughly flat, but Popcat and others are rising on Robinhood listings.

Shiba Inu (SHIB) whales are waking up again, as showcased by the significant on-chain activities. In the last 24 hours, SHIB whales have engaged in large transactions, which have jumped by 67%.

Dogecoin (DOGE) has surged 5.26% today, fuelled by a spike in trading volume to $1.5 billion—a sign that whales may be accumulating at lower levels. The post Dogecoin Surges 6% on $1.5 Billion Volume – Did Whales Just Buy the Bottom? appeared first on Cryptonews.

The cryptocurrency market is showing signs of recovery, with Bitcoin trading above $83,000. As Ethereum's value plummets by 60%, Solana rivals are gaining attention.

According to data from Shibburn, only 1,813,008 SHIB tokens were burned in the past 24 hours. Despite the relatively small amount, the daily burn rate has surged by a surprising 112%.

Wall Street analysts have raised their recession predictions, a move that may affect Bitcoin and other popular altcoins like Shiba Inu, Dogecoin, Ripple, and Cardano.

The crypto market is eagerly awaiting next week's FOMC meeting after CPI data revealed that inflation had fallen to 2.8%. Traders are now watching for signals and remarks by Fed committee members on interest rates, which could spike the crypto market volatility.

Extreme downward pressure is being applied to Shiba Inu as the asset finds it difficult to maintain market stability. A substantial rejection at a critical level is suggested by the recent price action, indicating that bearish sentiment is still in control.

Dog-themed cryptocurrency Dogecoin (DOGE) shows signs of a potential trend reversal after weeks of declining. According to crypto analyst Ali, DOGE is printing a bullish reversal doji on the weekly chart, a classic candlestick pattern that often signals a shift in momentum.

Renowned crypto trader Ali Martinez has released a new update suggesting that Dogecoin could be preparing for a large price upswing. In his latest chart shared on X, Martinez draws attention to the stock RSI on the weekly timeframe.