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Bitcoin Struggles Below $88K, Needs $90K Breakout for Bullish Momentum

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  • Bitcoin faces resistance between $88K and $91K, limiting upward momentum.
  • Whales have reduced holdings by 290K BTC over five months.
  • Bitcoin remains above $85K, but $90K resistance must be breached for bullish momentum.

Bitcoin holds steady above $85,000, but upside remains constrained as the $88,000–$91,000 liquidity zone poses strong resistance. Once a key support, this range has now turned into a formidable barrier, preventing further gains. Without a clear breakout, Bitcoin may stay range-bound, weighed down by technical factors and broader economic pressures.

Whales Reduce Holdings by 290K BTC

Cryptocurrency trader Daan Crypto Trades highlighted that Trump’s upcoming tariff policies could play a key role in Bitcoin’s price movements. He expects BTC to consolidate around the mid-$ 80,000 range until the market fully absorbs the impact. Similarly, analyst Martinez noted that Bitcoin reserves have plateaued, suggesting that many investors are staying on the sidelines for now.

GnEqI64XcAAuoMH
Source: X

On-chain data from CryptoQuant reveals a notable shift in supply dynamics. Over the past five months, major Bitcoin holders, often referred to as whales, have reduced their holdings by 290,000 BTC. This indicates a period of sustained distribution, but recent data suggests that selling pressure may be easing, potentially setting the stage for renewed accumulation.

Bulls Struggle to Break $90K Barrier

Bitcoin is at a pivotal level as bulls attempt to break the $88,000 resistance and push toward the $90,000-$91,000 liquidity zone. Market analyst Axel Adler noted that whales—those holding over 1,000 BTC—have slowed their selling, signaling a potential shift toward accumulation. This behavior change could provide foundational support for a future rally.

btc 6f75cd
Source: X

Despite the price fluctuations, Bitcoin has managed its position above key indicators such as the 200-day moving average (MA) and exponential moving average (EMA), both converging near $85,500. These levels provide key support to buyers, and the bulls are to make sure that they are kept to avoid further price depreciation down to the lower buying zones.

Bitcoin’s strength was on display as the primary cryptocurrency held above $85,000 for a prolonged period even when volatility surged from Trump’s latest tariff announcement. Currently, BTC is capped at $86,809 on CoinMarketCap before retracing toward $87,000. The digital asset’s trajectory is still up in the air, although the $90,000 mark is the most obvious resistance zone at this point. 

Most of the BTC are still available for purchase at this level, which makes this price range aggressive for bullish traders. If the price doesn’t break above 90K, the selling pressure in the coming days would likely push prices lower than $81,000. A quicker confirmation of the bullish trend is needed from the bulls at this time to increase the price steadily.

Read More: Bitcoin Holds Strong as Whales Accumulate Ahead of Major Breakout to $109k

Securities and Exchange Commission (SEC) Drops Crypto Cases in Major Regulatory Shift

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  • The SEC has dismissed enforcement actions against Kraken, ConsenSys, and Cumberland DRW, signaling a major shift in crypto regulation.
  • The cases were dropped with prejudice, ensuring they cannot be reopened, while the SEC also closed its case against Crypto.com.
  • Acting SEC Chairman Mark T. Uyeda emphasized the agency’s evolving approach but clarified that this does not set a precedent for future cases.

The U.S. Securities and Exchange Commission (SEC) has dropped enforcement actions against three large crypto companies, Kraken, ConsenSys, and Cumberland DRW LLC, in a landmark turn of events for the agency’s approach to digital asset regulation.

The judgments, filed Thursday with prejudice, render the cases impossible to reopen, effectively clearing the companies of allegations that had hovered over their businesses for months. In a separate action, the SEC has officially dropped its case against Crypto.com, highlighting the broader regulatory turn.

SEC Backs Down as Crypto Firms Win Dismissals

The dismissals are among a series of reversals under the Trump administration’s evolving approach to crypto regulation. Earlier actions against Coinbase, Robinhood, Uniswap Labs, and OpenSea met with similar results, suggesting a retreat from the aggressive enforcement approach taken under former SEC Chairman Gary Gensler.

Acting SEC Chairman Mark T. Uyeda acknowledged the shift, stating the dismissals are within the agency’s “ongoing efforts” to define its approach and encourage transparency in crypto regulation. But he emphasized that the rulings don’t constitute a blanket policy on future cases.

For cryptocurrency companies, the SEC’s about-face is a hard-won victory. Kraken, which was charged with running an unregistered securities exchange in November 2023, labeled the dismissal the end of a “wasteful, politically motivated campaign.” The exchange added that the ruling eliminates uncertainty that might have choked innovation and investment in the industry.

With regulatory pressures easing, Kraken has indicated that it might have plans for public listing, making it the second crypto firm after Coinbase to be publicly listed.

SEC Shifts Course as Crypto Cases Dropped

All of the dismissed cases involved serious charges. ConsenSys was targeted in June 2024 over allegations its MetaMask Staking product was offering securities illegally. Cumberland DRW, one of the well-known crypto trading firms, was charged in October 2024 with acting as an unregistered dealer while trading in over $2 billion of crypto assets.

But the leadership shift at the SEC has brought about a stark turn in the previous policies. The Uyeda administration has placed direct industry engagement front and center, establishing a task force to pursue regulatory solutions rather than enforcement actions only. It is a significant difference from the previous approach of the agency, which regularly employed litigation and penalties to enforce compliance. The new administration appears set to create a more well-defined regulatory landscape that balances investor protection with crypto industry development.

The SEC’s ruling is a step in the direction of a more collaborative regulatory landscape, one that can open the door to greater institutional involvement in digital assets. More regulatory clarity can draw traditional finance firms into the ecosystem, providing liquidity and industry legitimacy. While uncertainties still exist, most prominently with the eventual regulation of staking services and decentralized finance (DeFi), the recent decisions are reflective of a more stable and innovation-friendly regulatory landscape for crypto.

This shift could pave the way for more constructive dialogue between regulators and industry leaders, ultimately shaping policies that accommodate both compliance needs and technological advancements.

Related | SUI Price Analysis: Breaks Out from Descending Wedge, 2x Rally Expected Soon

Crypto Hacks Surge 4.7x in Q1 2025: Bybit & Phemex Hit Hard

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Key Takeaways:

  • Q1 2025 saw record-breaking crypto losses, totaling $1.64 billion across 40 incidents.
  • North Korean hackers were responsible for 94% of the losses, targeting major centralized exchanges.
  • Centralized platforms suffered the most, with Bybit and Phemex losing a combined $1.52 billion.

The crypto industry has experienced the worst quarter on record, with Q1 2025 recording losses valued at $1.64 billion due to hacks. The huge amount is a 4.7x increase from Q1 2024, when losses were valued at $348 million, according to the recent report by Immunefi.

Two major breaches contributed to the bulk of the losses: Bybit suffered a devastating $1.46 billion attack, while Phemex incurred losses of $69.1 million.

These attacks identify the vulnerabilities in centralized platforms, which, secure as they may be, remain top targets due to the vast amounts of capital they hold. Additionally, Web3 protocols currently hold almost $100B, drawing in cybercriminals who are taking advantage of exchange vulnerabilities.

North Korean Hackers Behind Massive Exchange Breaches

94% of this quarter’s cryptocurrency losses are attributed to the Lazarus Group, which masterminded the Bybit and Phemex hacks. Investigators have connected the two breaches, indicating sophisticated efforts to cover their tracks.

State-sponsored hackers more frequently target centralized exchanges to take full control of assets, making them ideal exploit targets.

The Lazarus Group being capable of breaching top-tier exchanges illustrates the dynamic nature of cyber threats. They use techniques that include taking advantage of security vulnerabilities, manipulating private keys, and conducting transactions using sophisticated laundering schemes.

As such attacks are on the rise and growing in sophistication, the cryptocurrency industry is facing mounting pressure to enhance its security protocol.

BNB Chain Leads in Crypto Breaches, Ethereum Follows Closely

A further trend in Q1 2025 was the asymmetrical impact on centralized finance (CeFi) platforms and decentralized finance (DeFi) protocols. DeFi suffered 38 incidents at a cost of $106.8 million in losses, while CeFi had only two attacks, but these accounted for 94% of total losses at $1.53 billion.

The numbers reflect a significant break from previous trends, where DeFi platforms had previously been more vulnerable due to smart contract vulnerabilities.

However, the scale of the Bybit and Phemex hacks has rearranged the risk profile, pointing out that centralized platforms, despite all their security guarantees, remain high-value targets.

The BNB Chain and Ethereum networks suffered the most, cumulatively accounting for 76% of all chain-related losses. The BNB Chain suffered 19 incidents that made up 44% of all losses, while Ethereum suffered 15 incidents that were responsible for 32%. Small yet notable breaches were experienced by other networks like Base, Optimism, and Arbitrum.

Related Reading | DeFi Protocol Linear Finance Abruptly Shuts Down After Binance Delisting and Financial Losses

SEC Shuts Down Crypto.com Case: No Fines, No Lawsuits, Total Victory

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Key Takeaways

  • The SEC has officially closed its investigation into Crypto.com without enforcement action.
  • Crypto.com had previously filed and later dropped a lawsuit against the SEC.
  • The exchange continues to expand its regulatory compliance and global operations.

The U.S. SEC has officially ended its investigation into Crypto.com without imposing any enforcement measures. This decision marks a significant development for the cryptocurrency exchange, which has faced regulatory scrutiny since receiving a Wells notice in October 2024.

The notice had signaled a potential enforcement action, prompting Crypto.com to take legal steps to challenge the SEC’s authority. However, the company withdrew its lawsuit in December 2024 following political shifts that hinted at a more crypto-friendly regulatory environment.

With this decision, Crypto.com remains one of the few major cryptocurrency exchanges to have avoided both legal action and settlements with the SEC.

The conclusion of the investigation signals a shift in the agency’s stance toward crypto regulation, particularly in light of anticipated leadership changes at the commission.

Trump’s SEC Pick Shifts Crypto.com’s Stance

Crypto.com’s court fight with the SEC was centered on claims of jurisdictional overreach. The company had argued that the regulator was attempting to extend its reach beyond its congressional mandate, an argument that was at the forefront of the broader fight to regulate digital assets in the United States.

Although the lawsuit was dropped in December, the exchange’s decision to battle the SEC was seen as an aggressive approach in an industry that has often been the target of enforcement actions.

The political developments that suggested a potential shift in the regulatory landscape coincided with the timeline of Crypto.com’s decision to drop the lawsuit.

The announcement of former U.S. President Donald Trump appointing pro-crypto advocate Paul Atkins as the new SEC chairman was one of the reasons for the company’s strategic retreat.

A number of industry participants anticipate a more level-headed crypto regulation under Atkins’ expected chairmanship that focuses on clear guidelines rather than enforcement-based oversight.

100 Regulatory Approvals Worldwide

Despite a high-profile regulatory push against crypto firms, Crypto. com has continued its mission of compliance by obtaining over 100 global regulatory approvals.

The exchange is registered with the Financial Crimes Enforcement Network (FinCEN) and possesses over 40 state money transmitter licenses in U.S.

It is also a registered derivatives clearing organization (DCO) and designated contract market (DCM) with the Commodity Futures Trading Commission (CFTC). Nevertheless, Crypto. com’s strong regulatory positioning has differentiated it among competitors, many of whom have been the subject of lawsuits or settlement deals with U.S. regulators.

Related Reading | Pi Coin’s Massive Success Shakes the Market, Can Lightchain AI Be the Next Game-Changer?

Whale Scoops Up 506B PEPE—Is a Major Breakout Ahead?

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  • A PEPE whale withdrew 506.2B tokens ($4.4M) from Binance, holding 699.8B PEPE worth $5.11M now.
  • Large holders’ balances have grown 15.3% since March, signaling strong confidence in the meme coin’s future.
  • Analyst sees 300% surge potential if it breaks $0.00002384, $0.00002965, $0.00003466 resistance levels.

A massive PEPE whale made headlines this Thursday after withdrawing 506.2 billion frog-themed tokens from Binance, worth $4.4 million, causing a stir in the crypto market. Spot on-chain data confirms that Qianbaidu.eth, an early PEPE investor, has been actively accumulating large amounts of the meme coin.

Previously, this whale secured a $7.34 million profit, representing a 110% gain from PEPE trades. Now, after the latest withdrawal, they hold 699.8 billion tokens, valued at $5.11 million, with a floating profit of $164,000, reflecting a 2.8% increase. 

PEPE 1
Source: Spot On Chain

This surge in whale holdings follows a broader accumulation trend among major investors. Since early March, balances between 1 trillion and 10 trillion PEPE have grown significantly, jumping from 131.81 trillion to 152.01 trillion. This 15.3% increase in holdings signals strong investor confidence in the meme coin’s future trajectory.

PEPE’s Bullish Momentum Gains Strength

PEPE’s recent price action has defied expectations, outperforming Bitcoin (BTC) over the past week. This price strength aligns with growing token scarcity on centralized exchanges (CEXs) and mounting buying pressure. As the broader meme coin sector experiences a resurgence, investors are closely watching its potential breakout.

Despite the heavy accumulation, the meme coin saw a minor dip of over 2% intraday, landing at $0.00000859. Over the last day, the token even touched a low of $0.000008429. However, the broader trend remains bullish, with PEPE posting a 13% rally in the past seven days.

Popular market trader Jake Gagain shared a bullish outlook, declaring on X that PEPE’s “bottom is now over.” The 2025 bear market had briefly dragged the meme coin’s market cap down to $2.1 billion. However, it has since rebounded, reaching a market cap of $3.59 billion at the time of reporting.

Bullish Patterns Signal Potential 300% Surge

Technical indicators suggest further upside potential for the meme coin. Analyst Rose Premium Signals pointed out that the meme coin is bouncing from a historical support zone near the currency price, reflecting a classic double bottom pattern, a strong reversal signal often seen before major rallies.

PEPE
Source: Rose Premium Signals

Rose also identified three key resistance levels: $0.00002384, $0.00002965, and $0.00003466. With PEPE currently trading at $0.00000859, breaking these resistance zones could result in gains exceeding 300%. The analyst emphasized that if momentum continues, mid-term swing traders may find an ideal entry point.

Adding to the bullish case, the price remains within a strong demand zone that has historically triggered sharp rallies. If the double bottom formation holds, increasing buying pressure could accelerate a trend shift, potentially ending the prolonged downtrend that started in early 2025.

Related Readings | Will Ethereum Break $2,200 or Slip Back to $1,800 Support?

Pepe Coin (PEPE) Jumps 5% Amid Market Drop as Whales Scoop Up $8.7M in Tokens

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  • Whales bought $8.7M worth of Pepe Coin with a fresh wallet, removing 500B tokens worth $4.3M from Binance.
  • PEPE increased 13% in a week, breaking above the 50-day EMA and the $0.00000852 resistance level.
  • Open interest hit $324M, and exchange reserves declined 0.73% to 240.7T tokens.

Whales began purchasing millions of Pepe Coin (PEPE), defying the broader market downturn with a 5% rally. A new wallet address withdrew 500 billion PEPE, valued at $4.3 million, from Binance, on-chain tracking website Spot On Chain reported. 

The move follows another significant withdrawal by an early buyer who previously secured over $7 million in profits from PEPE. The buyer bought 506.2 billion PEPE worth $4.4 million from Binance, increasing his holdings to 699.8 billion PEPE worth $5.11 million. The investor now holds an unrealized profit of $164,000, an increase of 2.8%.

Pepe Coin Shows Strong Price Momentum

Pepe Coin has recorded significant price movements over recent months. The token surged more than 13% in the past week and is currently trading at $0.00000852 after surpassing the 50-day Exponential Moving Average (EMA). The breakout suggests a potential bullish reversal, raising expectations of a further price rally.

According to analyst Satori, that if current indicators keep rising, the broken resistance may turn into strong support. Moreover, the price of PEPE surpassed the upper Bollinger Band, signifying increased volatility. Analysts believe the token may establish a new support level if its upward trend continues.

Gm9e2XVb0AAoDIF
Source: X

Market analysts suggest that PEPE is set for a potential explosion and are urging investors to accumulate in anticipation of a massive breakout. With strong support and outperforming other meme coins, analysts are predicting a potential 100% rally. The rally coincided with futures open interest hitting its highest level since February 2, at more than $324 million from a monthly low of $166 million.

PEPE Exchange Reserves Drop 0.73%

PEPE’s rally is consistent with growing investor accumulation. Exchange reserves have declined 0.73% in the past week to 240.7 trillion tokens, indicating that holders are moving assets off exchanges, often a sign of long-term bullish sentiment. Reduced exchange reserves suggest investors intend to hold rather than sell.

On-chain data further indicates that PEPE’s most profitable holders continue to hold their positions. Its most profitable trader has realized gains of $607,000 and is still holding 91% of his tokens. The next three top traders are holding nearly 100% of their holdings, a confidence builder for Pepe Coin’s upside. 

The meme coin’s resurgence aligns with an overall improvement in crypto sentiment. The Crypto Fear & Greed Index has climbed from a low of 18 earlier this month to 34, exiting the “extreme fear” zone. The rise shows growing optimism with the overall market cap for the cryptocurrencies approaching $3 trillion.

Read More: PEPE Gears Up for a Breakout: Consolidation Phase Sets the Stage for a Major Move

Shiba Inu (SHIB) Poised for Breakout as Bulls Eye 2x Gains – Rally Incoming?

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  • Shiba Inu surged 21% in a week, reaching $0.00001550 before stabilizing at $0.00001450.
  • Burn rate skyrocketed 57,069%, with over 1 billion SHIB removed on March 27.
  • Analyst predicts a breakout; SHIB could gain 2x if the resistance level is successfully surpassed.

Shiba Inu (SHIB) has been on a strong uptrend, gaining 21% over the past week. The price jumped from $0.00001280 on March 21 to a high of $0.00001550 on March 26, fueled by growing investor confidence and renewed interest in meme coins.

Despite a minor pullback, SHIB has held solid support at $0.00001400 and is currently trading at $0.00001450 as of March 27. This stability suggests that bullish momentum is still intact, with analysts predicting that a 2x surge could be in the making.

Descending Channel Signals SHIB Surge

Crypto trader ‘World Of Charts’ recently shared an optimistic outlook on SHIB’s price movement. According to the analyst, the token has been breaking out of a descending channel range, a pattern that often signals a strong upward move. A successful breakout could trigger a solid rally in the coming days, with the potential for 2x gains

SHIB 2
Source: World of Charts

Javon Marks, another well-known analyst, echoed this sentiment, noting that Shiba Inu is showing clear signs of strength. He believes that a rally to $0.000081 is possible, further fueling the bullish case.

From a technical standpoint, key indicators are aligning in favor of an upward breakout. The Keltner Channel (KC) shows Shiba Inu is testing its mid-range resistance at $0.00001334, with the next resistance level at $0.00001507. A decisive move above this range could send SHIB soaring toward $0.00002000, confirming the start of a major uptrend.

The Relative Strength Index (RSI) sits at 58, suggesting SHIB still has room for gains before entering overbought territory. The MACD has triggered a bullish crossover, a classic signal of increasing momentum, while the Awesome Oscillator (AO) has turned positive at 0.00000046, reinforcing market optimism.

SHIBUSD 2025 03 27 14 28 09
Shiba Inu (SHIB) Poised for Breakout as Bulls Eye 2x Gains – Rally Incoming? 9

1B Shiba Inu Burn Spurs Optimism

In addition to bullish technicals, SHIB’s on-chain activity has seen a notable surge in interest. The burn rate surged by 57,069% on March 27, removing over 1 billion tokens from circulation in just 24 hours. This massive reduction in supply has sparked excitement among traders.

One standout transaction came from a wallet ending in -82e3, which sent 1 billion Shiba Inu to a burn address. This marked the second time within three days that the same wallet executed a one-billion-coin burn, further tightening supply.

SHIBburns2222
Source: Shibburn

Marketing expert Lucie confirmed the transaction, stating, “There was another 1B SHIB burn. Totally same address burned 2B SHIB in a 3-day frame.” Her statement highlighted the growing impact of recurring burns on the token’s long-term value.

Across multiple transactions, a total of 1,006,913,405 SHIB was removed from circulation in just a day. Smaller burns of 2,500,000 and 2,118,557 SHIB also contributed, with seventeen burns recorded in total.

With continuous burns reducing the available supply, market dynamics are shifting in favor of higher prices. Many traders now see these burn events as major catalysts for SHIB’s long-term growth.

Related Readings | Bitcoin (BTC) Exchange Supply Drops 7.53% to 7-Year Low, Signaling Institutional Demand

Ripple Partners with Chipper Cash to Transform African Payments

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  • Ripple and Chipper Cash streamline cross-border payments in Africa.
  • Blockchain technology enables faster, cheaper payments across Africa.
  • Ripple resolves SEC lawsuit as it expands into African payment services.

Ripple has partnered with Chipper Cash to improve cross-border payments across Africa. The partnership uses Ripple’s blockchain technology to provide faster, more efficient and cheaper transactions. Chipper Cash has integrated Ripple Payments to improve financial access and efficiency for millions of users across Africa.

Chipper Cash Leverages Ripple’s Robust Payment Network

Ripple’s crypto-powered payments network will benefit Chipper Cash which provides payments services to more than five million users across nine African countries. This integration will allow users to receive global payments 24/7 at reduced expenses.The partnership improves access to cross-border payments across Africa amid the growing demand for digital financial solutions.

Ripple’s Middle East and Africa Managing Director, Reece Merrick stressed that this partnership is important for Ripple’s expansion. Merrick added that Chipper Cash applies blockchain technology to streamline global payment transactions. This partnership will enhance economic development and innovation in markets where Chipper Cash operates.

Ham Serunjogi , Co-Founder and CEO of Chipper Cash , explained that cryptocurrency payments could boost financial inclusion. He believes Ripple’s international network will allow Chipper Cash to provide fast and low cost payment solutions. The incorporation of Ripple technology within Chipper Cash will facilitate faster, cheaper and reliable cross-border transactions.

Ripple’s Market Expansion

Ripple continues to build digital asset infrastructure for financial institutions across the world. Ripple has more than ten years of experience in tokenization of real-world assets platform which aims to transfer fiat currencies on-chain which simplifies international money transfers. Ripple’s payments solution operates in more than 90 payout markets and covers more than 90% of the daily foreign exchange market.

Furthermore, Ripple expanded its African operations through a partnership with Onafriq in 2023. Ripple’s blockchain solutions enable  financial institutions to execute secure and compliant tokenization, storage, exchange and transfer of digital assets. This partnership with Chipper Cash aims to promote the adoption of blockchain technology across Africa for international money transfers.

Ripple announced this partnership after its successful resolution of its legal battle with the U.S. Securities and Exchange Commission. Ripple paid $50 million against a total penalty of $125 million to settle its legal dispute which marks a major milestone for the company. Ripple’s operations faced substantial disruption during the prolonged court battle which lasted more than four years.

Dogecoin Surges Past $0.19, Bulls Target New Highs Above $0.22 Mark

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  • Dogecoin surged 18% in three days, topping $0.19 with strongest weekly return of 2025.
  • Ali Martinez highlights $0.177 as key support and $0.207 as major resistance based on UTXO data.
  • Rekt Capital sees $0.22 as pivotal level; TradingShot eyes $0.8 breakout target if momentum holds.

Dogecoin has clawed back into the spotlight, posting an impressive 18% gain in just three days. After hovering around $0.19, the cryptocurrency now holds steady above that level, scoring its highest weekly return of 2025. With over 12% growth in the last seven days, Dogecoin is the best performer among the top 30 cryptos by market value, reigniting talks of a fresh breakout.

March’s final days saw renewed momentum for Dogecoin, something not seen since the end of 2024. Analysts are now zeroing in on specific levels that could decide whether this upward push continues or fizzles out.

Ali Martinez, a well-followed crypto analyst, pointed to data from the UTXO Realized Price Distribution chart showing a strong buying base around $0.177. According to Martinez, over 11.89 billion DOGE were moved at that price, making up 8.01% of total UTXOs. This sets $0.177 as a key support zone that may keep DOGE grounded if volatility kicks in again.

ALI CHARTS 2
Source: Ali_Charts

Key Resistance Levels for Dogecoin

Martinez added that $0.207 acts as a near-term ceiling. At that price point, 10.45 billion DOGE changed hands—roughly 7.04% of all UTXOs—making it a significant barrier. If Dogecoin breaks through this line, it could spark a rush of buying from traders waiting on the sidelines.

Another analyst, Rekt Capital, flagged $0.22 as a critical pivot. He calls it the “green zone of Pre-Halving highs” and believes closing above it on the weekly chart might mark a shift in market control back to the bulls. He shared this insight on March 26, emphasizing that the recent dip under $0.22 could simply be a “downside deviation”—a short-term misstep rather than a complete reversal.

Rekt Capital also noted that price wicks around $0.20 and $0.22 suggest volatility is still strong. If DOGE holds above these levels, especially through weekly candle closes, it could point to renewed strength and interest from buyers.

DOGE 4
Source: Rekt Capital

Will Dogecoin Break Its All-Time High?

Crypto trader TradingShot is even more bullish. He believes Dogecoin may be forming the early stages of a major breakout. In a recent post, he stated the price is now pushing past a “Lower Highs” trend line that began on January 18. According to his chart, the target sits at $0.8, which would break the current all-time high of $0.73.

DOGE 1
Source: TradingShot

TradingShot highlighted that Dogecoin’s natural resistance lies near the 1-day moving average of $0.3. But he argued that since the daily RSI is climbing and the price recently rebounded from the bottom of a 1-year ascending channel, the market might be on the verge of entering a sharper bullish leg.

If it simply repeats the previous bullish leg, he said, Dogecoin could top the channel and set a new high. He added that this new wave may be “more aggressive” than before, reflecting how bull runs typically build momentum as they progress.

Rekt Capital remains cautious yet optimistic, noting that if DOGE can close a weekly candle above $0.22, buyers may take charge and drive prices higher. He identified $0.28 and $0.338 as the next major resistance targets. These levels, drawn from his technical chart, serve as markers that could determine how far Dogecoin’s current strength can stretch.

Related Readings | XRP Price Pattern Suggests a Potential 40X Surge

SHIB Pay Launching Soon: Analysts Predict 2x Price Surge After Key Resistance Break

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Key Takeaways:

  • SHIB Pay aims to revolutionize crypto payments by eliminating banks and middlemen.
  • SHIB price action shows potential breakout signals, hinting at a possible rally.
  • Analysts predict a strong upside if SHIB maintains momentum above key resistance levels.

The Shiba Inu ecosystem is expanding with the introduction of SHIB Pay, a payment platform on the blockchain designed to make transactions easier for businesses and customers alike.

This new feature allows merchants to get paid in cryptocurrencies directly without the intervention of any third-party financial institutions. Reduced fees and real-time settlements make SHIB Pay a game-changing force in the realm of digital trade.

Using blockchain technology, SHIB Pay enables merchants to be in full control of their money without any account freezes and unwanted holds during the processing.

Besides, the worldwide accessibility of the system enables businesses to get paid from customers worldwide and allows for seamless and borderless transactions.

The ease of online and offline store integration would drive adoption and make it easier to use crypto payments in everyday life.

SHIB Price Shows Strength Amid Bullish Breakout Hopes

As the crypto market continues to fluctuate, SHIB has taken center stage with the latest development on its price graph. The token is currently trading at $0.00001440 and is said to have broken above the descending channel range, a technical indicator often signaling a shift in market momentum.

Traders forecast that the breakout may trigger a giant rally in the near future, 2x the value of the token if the momentum remains positive.

The surge in interest from traders is coupled with the token’s consistently increasing trading volumes, signifying renewed investor interest.

image 194

Market players will be keeping a keen eye on whether the token is able to hold above levels of resistance, and such would confirm a break-through scenario. If the buying pressure continue, the token will likely experience further short-term gains.

Analysts Eye Key Resistance Levels for Major Upside

Aside from the breakdown of the descending channel, technical analysts have identified another bullish pattern on the token’s daily chart, a falling wedge.

This trend, in conjunction with strong momentum indicators, suggests the probability of breaking above the 50-day EMA to allow for additional price appreciation.

SHIB 7D graph coinmarketcap 2
Source: CoinMarketcap

Some projections even predict a surge to the $0.025 level, and that would be substantial gains from where we are today. The rise in trading volume indicates the probability of an ongoing uptrend with the expectation for confirmation through a strong close above the zones of resistance.

Related Reading | Pump.Fun Expands With 50 Engineers to Transform Memecoin Trading