BRICS: Nigeria Plans To Sell Oil in Local Currency
Nigeria had applied to join BRICS in 2023 but the application was rejected at the15th summit in Johannesburg. Despite the rejection, Nigeria is looking at possible ways to join BRICS and be a part of the bloc. The African country wants to strengthen its local currency, the Naira, by allowing other countries to settle trade in their tender. The Senior Advocate of Nigeria, Femi Falana has urged the Federal Government to follow BRICS ideals of de-dollarization and sell crude oil in local currency Naira and not the US dollar.
Falana urged the Nigerian government to rely less on the US dollar and use Naira for crude oil payments. The State-advocate called the government to ignore predictio
SUI Price Gears Up for a Breakout: Here are the Key Levels to Watch Following the Golden Cross
SUI Price Gears Up for a Breakout: Here are the Key Levels to Watch Following the Golden Cross SUI is currently trading within a defined range, with the immediate resistance near $3.5 and key support around $3
A decisive breakout above resistance could trigger a short-term rally toward $5, while a drop below support may open the door for a correction to lower levels
The SUI price triggered a strong reversal before the daily close, pushing the levels back within the bullish zone. The token had entered a phase of tightening price action, hinting at a potential breakout or breakdown. In the times when the broader market sentiments remained uncertain, the current reversal presents a compelling case for the bulls. However, a continued upswing above the key ranges could validate a rise to $3.75 or levels above.
Now, the question arises whether the bulls will continue to hold a tight grip over the rally.
The token is demonstrating huge strength as it reversed the bearish pattern of H&S, which was speculated to drag the levels below $2.5. With this, the token continues to demonstrate a potential of a 90% upswing that could elevate the levels towards new highs. Meanwhile, in the short term, the bulls appear poised to push the price above $5 as the token is poised to validate a ‘Golden Cross.’ The rebound from the local support hinted towards the growing dominance of the bulls; moreover, the bullish crossover of the 50/200 MAs validated the bullish claim. The previous Golden cross resulted in a 350% rise, which helped the SUI price to form a new ATH around $5.3 and hence a similar price action is expected. Meanwhile, the MACD shows a drop in selling pressure, being within the bullish range, while the other indicators raise some concerns. The RSI is hovering around 44.83 and is about to rise above the RSI-based MA. If it rises above the range, it could validate a bullish continuation, while the drop in CMF levels points towards bearish continuation, as it hints towards a decrease in the money flow onto the platform. Only if the levels rise back above 0 can a bullish continuation occur. For this, the SUI price is expected to secure the levels above $3.5, which may push the price to $4.
#ADA has had a disappointing year so far. Since January, its price has fallen by over 40% from its highs around $1. While the asset found good support at $0.64, buyers failed to move it much beyond this level at the time of this post. This is why the price is similar to last week.
Ideally, ADA will hold above $0.64 and make its way towards $0.90, which is the most important resistance on the chart. However, if the overall market remains undecided or turns bearish, it is unlikely ADA can sustain an uptrend.
Looking ahead, Cardano appears to have found a local bottom at $0.64, but this still appears fragile. Bulls really need to break above $0.90 to restore confidence in a sustained rally.
#Solana (sol) Price Forecast The derivative data signals a loss of bullish interest as traders anticipate further decline. Solana prolongs the triangle pattern breakdown rally, nearing the $140 support zone. The technical outlook suggests an extended correction as bearish momentum increases. Solana (SOL) edges higher by 2% at press time on Friday as it avoids a drop to the $140 support zone. However, the Solana price trend is approaching its second consecutive bearish week close, following a near 6% drop on Thursday. With the bearish trend, derivatives market sentiment aligns with the technical outlook, anticipating a steeper correction ahead. Solana nears crucial support as selling pressure grows :- Solana has dropped over 20% from its 30-day high of $187.71 set on May 23, as it failed to close above the high supply zone near $180. In addition, the multi-month resistance trendline prolongs the declining trend, with peaks on January 18, May 14, May 23, and May 27. Notably, the bearish reversal on May 28, resulting in a 2.55% drop, closed below a short-term support trendline that converged with the overhead trendline, completing a triangle pattern. This marked a fallout from a triangle pattern that prolongs Solana’s downfall. The recent over 5% crash on Thursday flips the trend direction to bearish as Solana closes below the Supertrend Indicator baseline. The flip triggers a sell signal and initiates a bearish trendline at $171, close to the previously mentioned resistance trendline. Nearing the $140 support zone, the Relative Strength Index (RSI) at 37 shows an increased possibility of another breakdown in Solana. Compared to the previous dip towards the $140 zone on May 4, the RSI has declined significantly in value, suggesting a substantial increase in bearish momentum. In addition, the Moving Average Convergence/Divergence (MACD) indicator dips below the centre line with a surge in red histogram bars in the negative territory, signaling a bearish trend in motion. A potential drop in Solana under $140 could fuel the correction phase towards the $105 level, the year-to-date lowest closing price. On the contrary, if Solana extends the intraday recovery, it could face immediate resistance at the 200-day Exponential Moving Average (EMA) at $162. $SOL $BTC #TrumpVsMusk #MarketPullback #CircleIPO #CUDISBinanceTGE
Bitcoin’s ‘Boring’ 2025 Hides the Most Important Shift in Crypto History: Analysts
Bitcoin’s ‘Boring’ 2025 Hides the Most Important Shift in Crypto History: Analysts
This crypto market cycle hasn’t seen the hype and excitement that was present in previous bull markets, but that doesn’t make it any less significant.
“Something strange is happening with this Bitcoin cycle,” said analysts at BTC financial services firm Swan on X on June 5.
We should be in the final year of the four-year trend, but corporations are buying more than ever, they said, adding that the asset price is “boring people.”
While Bitcoin typically experiences explosive growth in its “third green year,” 2025 has seen more measured movements with sideways trading.
However, this signals a crucial transition rather than a broken cycle, the analysts argued.
Bitcoin Cycle Pattern Shift :-
Under the surface, “a massive shift is playing out,” they said, adding that some long-time holders are cashing out above $100,000. Still, there are new buyers such as BlackRock, Fidelity, Bitcoin treasury companies, and corporations building strategic long-term positions, and “they’re not here to sell.”
“People less committed to the long term are exiting… and a whole new class of investors is entering,” said Bitcoin permabull Michael Saylor.
This represents a “rotation into stronger hands” from individual speculators to institutional allocators who view Bitcoin as a permanent balance sheet asset.
Combined with concerning macro signals such as a weakening dollar amid rising bond yields, this creates conditions for potential explosive price movement as the tradeable supply shrinks, they stated before concluding this was a “final rotation” and adding:
“So if you’re selling now, understand this: You’re likely handing your Bitcoin to an institution or entity that plans to hold it indefinitely.”
Glassnode echoed the sentiment, stating that entity-adjusted unspent realized price distribution “shows a clear institutional skew in the Bitcoin market over the past 6 months.”
Crypto Market Outlook :-
Bitcoin was trading down marginally on the day at $105,000 at the time of writing. It has remained tightly range-bound since its fall from over $108,000 in late May but appears to have found strengthening support at current levels.
However, CryptoQuant reported that new whales were accumulating. “A fresh cohort of Bitcoin whales … with an average coin age under six months has been stacking at a record pace,” analysts said on June 4.
Solana Registers $470 Million Selling in 3 Days, Price Fell to $150
Solana Registers $470 Million Selling in 3 Days, Price Fell to $150
Solana (SOL), one of the top cryptocurrencies by market capitalization, has witnessed intense selling pressure over the past three days, with a staggering $470 million worth of SOL offloaded by investors. This massive sell-off has led to a sharp decline in its price, which dropped from around $180 to $150—marking a nearly 17% loss in value.
The decline is being attributed to a combination of profit-taking by long-term holders and growing concerns over broader macroeconomic factors, including uncertainty around interest rates and regulatory scrutiny in the crypto space. On-chain data shows large outflows from major wallets and crypto exchanges, pointing to institutional and whale-level selling.
This recent volatility comes after a strong performance by Solana earlier in the year, during which it rallied on the back of renewed interest in high-throughput blockchain platforms and expanding use cases in decentralized finance (DeFi) and non-fungible tokens (NFTs). However, with Bitcoin and Ethereum also facing pressure, Solana was not immune to the broader market downturn.
Analysts suggest that while the $150 level is a key psychological and technical support, a further break below could trigger more downside. Some traders are watching the $135–$140 range as a potential next floor if selling continues.
Despite the short-term correction, Solana’s fundamentals remain strong. The network continues to process high volumes of transactions at low cost, and developer activity remains vibrant. Still, the market's immediate focus is on whether Solana can stabilize above $150 and reclaim upward momentum.
Investors are advised to monitor both market sentiment and broader crypto trends, as further liquidation from large holders or additional macro headwinds could put more pressure on SOL prices.
As the market seeks direction, all eyes remain on Solana’s ability to weather this wave of selling and retain investor confidence in the coming days. $SOL
Red Alert: Cardano Price at Risk of Crashing Despite Transaction Milestone
Red Alert: Cardano Price at Risk of Crashing Despite Transaction Milestone Cardano (ADA) has recently achieved a significant milestone by processing a record 250,000 transactions in a 24-hour period, indicating a surge in network activity. However, despite this achievement, ADA's price remains under pressure, raising concerns about a potential market downturn. As of the latest data, ADA is trading at $0.6947, experiencing a slight increase of 3.35% in the past 24 hours. Despite the uptick, several factors suggest that ADA's price could face downward pressure in the near term. 1. Centralization Concerns Analyst Justin Bons has raised alarms about the centralization of Cardano's governance, noting that Input Output Global (IOG), the project's parent company, controls five out of seven "genesis keys." These keys allow IOG to implement code changes without a hard fork, potentially giving them unprecedented control over the network. Such centralization could undermine the decentralized ethos of blockchain technology and deter investor confidence. 2. Declining Transaction Fees Data from IntoTheBlock reveals that Cardano's transaction fees have fallen to a three-year low of 0.25 ADA, down from 0.615 ADA earlier in the year. This decline suggests reduced network activity and diminished demand for ADA, which could negatively impact its price. 3. Decreasing Total Value Locked (TVL) Cardano's DeFi ecosystem has seen a steady decline in TVL, dropping from $490 million in March 2024 to $181 million in August 2024. This reduction indicates that investors are withdrawing funds from the network, possibly due to concerns over its scalability and utility. 4. Whale Sell-Offs Recent reports indicate that large holders, or "whales," have sold over 70 million ADA tokens in a short period, contributing to downward pressure on the price. The absence of significant repurchase activity from these whales suggests a cautious stance amid market uncertainty. Conclusion While Cardano's achievement of processing 250,000 transactions is commendable, underlying issues such as centralization concerns, declining transaction fees, decreasing TVL, and whale sell-offs pose significant risks to ADA's price stability. Investors should exercise caution and closely monitor these developments, as they could signal a potential downturn in the near future. $ADA
Ethereum: Vitalik Buterin unveils ’10x scaling’ ETH roadmap the verge of something big?
Vitalik Buterin has projected a 10x Layer 1 scaling breakthrough within the next year, teasing major technical progress on the horizon.
At the same time, ETH ETFs have recorded their highest inflows of 2025, showing a surge in institutional confidence. As infrastructure and interest align, Ethereum may be entering its most pivotal chapter DetailsThis measured plan contrasts with Ethereum researcher Dankrad Feist’s proposal to scale L1 by 100x over five years. Despite Q1 2025’s sluggish on-chain activity, interest in Ethereum scaling continues to intensify.
ETH ETF inflows hit YTD high
According to the latest data, Ethereum ETFs recorded their highest net inflows of 2025 in May, reaching $564.18 million.
This marks a sharp turnaround from the steep outflows in March, indicating renewed institutional confidence. Total net assets had also surged to $9.45 billion.
Bio Protocol (BIO) To Revolutionize DeSci Space, Arthur Hayes Predicts
In an unprecedented turn of events, Bio Protocol (BIO) emerged as the talk of the crypto town on Friday, primarily as co-founder Arthur Hayes lauded the DeSci project. Notably, Hayes highlighted the project as revolutionary in the DeSci space, sparking an optimistic market buzz amid the crypto securing major listings. Particularly in the wake of crypto exchange giants and Gate listing the DeSci token, market watchers remain optimistic about future movements.
Arthur Hayes Shares Bullish Outlook On Bio Protocol
In an X post dated January 3, Arthur Hayes stated, “the BIO launch will re-rate the #DeSci narrative.” This statement has glimmered substantial hope for the DeSci token’s future endeavors, primarily as the co-founder’s additional report reflected a highly optimistic stance for the project.
Notably, Hayes’s post conveyed how something “seismic is about to happen in the DeSci ecosystem that the market has missed,” primarily indicating the DeSci token launch. Notably, the post implies that the market has overlooked the significance of BIO’s reward distributions to key participants, specifically the inaugural BioDAOs.
For context, BioDAOs are decentralized autonomous organizations in the DeSci space that fund and support scientific research. Early contributors to the Bio Protocol ecosystem, such as VitaDAO and CryoDAO, remain poised to benefit substantially from the launch and earn rewards.
However, what’s noteworthy is that these rewards for BioDAOs are staggering in scale and, in some cases, exceed the entire market cap of BioDAO itself. This feat has garnered significant attention toward the DeSci crypto project amid a broader crypto market recovery sentiment brewing.
Meanwhile, two crypto exchange giants today revealed plans to support Bio Protocol’s token.
As per an official listing announcement dated January 3, the crypto exchange is adding BIO to ‘Simple Earn, Convert, Margin, Auto Invest, & Futures platforms. In the wake of this enhanced offering, Arthur Hayes anticipates a bullish future and a revolutionary endeavor in the DeSci space in the wake of this development.
Simultaneously, the crypto exchange Gate announced that it is adding a perpetual contact for the abovementioned crypto on its platform. Users can enjoy up to 50x leverage trading the asset. Altogether, these listings have ignited an optimistic torrent for the DeSci token’s future endeavors. Overall, listing from these top crypto exchanges further solidifies a bullish stance for the asset across the broader market.
$HYPE, $PEPE, and $WCT are being referred to as “Wealthy Zongzi” — a metaphor suggesting that these tokens are rich in value, potential, and cultural significance, much like the traditional Chinese rice dumpling (zongzi) known for being wrapped, mysterious, and full of goodies. Why $HYPE, $PEPE, and $WCT Are Considered “Wealthy Zongzi” In the evolving world of cryptocurrencies, some tokens gain unique nicknames based on their perceived value, community culture, and impact in the market. The phrase “Wealthy Zongzi” metaphorically compares certain tokens to the traditional festive food “zongzi” — rich, packed, and wrapped — signifying hidden value and cultural flavor. Among the tokens that have been dubbed as “Wealthy Zongzi” are $HYPE, $PEPE, and $WCT. Here’s an in-depth look into why these tokens have been selected and what makes them stand out. 1. $HYPE: The Engine of Momentum Hype fuels markets. And in the crypto space, $HYPE embodies this truth. $HYPE has built a name for itself by riding the emotional and cultural waves of Web3, NFTs, and meme coins. Why $HYPE is a Wealthy Zongzi: Community-Driven Growth: $HYPE thrives on social engagement. It has a massive presence on X (formerly Twitter), Telegram, and meme culture, drawing in traders who see community enthusiasm as an indicator of momentum. Speculative Potential: Like a zongzi hiding flavorful ingredients, $HYPE is full of unexpected pumps. It attracts short-term traders and long-term believers alike, giving it layered value. Marketing Strategy: $HYPE isn’t just a coin — it’s an energy. It uses influencer marketing, meme collaborations, and viral trends to build value beyond technical use cases. Hype Cycles: The token capitalizes on narrative shifts — new partnerships, meme runs, or listing news — each acting like a new leaf layer on the zongzi, further enriching the package. In short, $HYPE represents emotional value turned into market cap, which is why it’s a prime example of a “Wealthy Zongzi” — wrapped in sentiment, fueled by excitement, and rich in trading volume. 2. $PEPE: The Meme That Mints Money $PEPE is a meme coin inspired by the iconic cartoon frog, Pepe the Frog. While it started with a humorous premise, it quickly became a symbol of grassroots finance and internet virality. Why $PEPE is a Wealthy Zongzi: Meme Power: $PEPE leverages decades of internet culture. Memes are currency in the digital age, and $PEPE turned that into literal value. Explosive Performance: Early $PEPE investors witnessed unimaginable returns. Its market cap soared from near zero to over a billion in record time. Cultural Integration: Unlike many tokens, $PEPE doesn’t rely on a traditional whitepaper. Its value comes from being embedded in the culture of Gen Z and crypto-native communities. Layered Symbolism: Like a zongzi that blends rice, pork, and beans, $PEPE blends humor, rebellion, and speculative economics. It’s more than a coin — it’s a cultural package. High Liquidity and Listings: Major exchange listings like Binance and KuCoin gave $PEPE legitimacy, transforming it from joke to juggernaut. $PEPE is a “Wealthy Zongzi” because it embodies deep cultural symbolism, market virality, and real economic impact — all wrapped in humor and nostalgia. 3. $WCT (Worldcoin Token): Identity and the Future of Proof Worldcoin, represented by $WCT, aims to revolutionize how humans verify themselves in the age of AI through a global identity system called Proof of Personhood. Co-founded by Sam Altman (CEO of OpenAI), it combines biometric technology and blockchain innovation. Why $WCT is a Wealthy Zongzi: Innovative Utility: Unlike meme coins, $WCT is not just speculative — it’s a technological breakthrough. The concept of decentralized identity makes $WCT a long-term infrastructure play. Backed by Visionaries: Sam Altman’s involvement gives the project credibility, attracting serious developers, VCs, and institutional interest. Global Reach: Worldcoin’s ambitious goal to give everyone on Earth a digital ID and universal basic income (UBI) potential makes it a socially conscious investment. Controversy and Attention: As with zongzi that varies in taste, $WCT stirs mixed opinions. Its biometric approach raises ethical concerns, but that same debate fuels visibility and engagement. Token Economics: $WCT’s airdrop and distribution model make it widely held, setting the stage for a large network effect. Like sticky rice in zongzi, WCT’s mass distribution binds its value. $WCT is a “Wealthy Zongzi” because it is packed with innovation, backed by global ambition, and wrapped in controversy and vision, giving it both present hype and long-term depth. Conclusion: The Layers of Wealth In summary, $HYPE, $PEPE, and $WCT have been dubbed “Wealthy Zongzi” because they represent tokens that are wrapped in cultural, emotional, or technological layers, each containing rich potential. $HYPE delivers market momentum and social energy. $PEPE brings meme virality and cultural wealth. $WCT promises technological utility and future relevance. Much like a zongzi, these tokens may appear modest or confusing on the outside but offer richness, surprise, and satisfaction when unwrapped. They attract investors, speculators, and believers who see in them more than just market value — they see a symbol of wealth in multiple dimensions: social, financial, and technological. Would you like this in a downloadable PDF or formatted for a presentation? $BTC #CEXvsDEX101 #TradingTypes101
Shiba Inu Lead Developer Teases Major Reveal, Puts Finishing Touches on Project
Shiba Inu ecosystem lead developer Shytoshi Kusam discusses his ongoing project, which will go live soon.
Yesterday, Kusama updated his bio on X to reflect what he has been working on lately. The updated bio suggests that he is writing a final white paper exploring SHIB, AI, SHY, and their roles in this upcoming new age.
This indicates that Kusama is preparing a white paper that highlights how AI will integrate with the evolving Shiba Inu ecosystem. The document could also outline how Shiba Inu fits into the next phase of technological evolution driven by AI.
Popular community figure Kuro shared the recent updates to Kusama’s X profile, particularly his bio and location marker.
Popular community figure Kuro shared the recent updates to Kusama’s X profile, particularly his bio and location marker.
#Pepe themed meme coin, has increased in value in the last 30 days by 60.88%. This confirms that the meme coin has been on a steady rise. Despite general market fluctuations that have hit other meme coins in the ecosystem, Pepe’s bullish rally could see it erase one zero from its price. PEPE’s volume spikes, RSI supports further growth According to CoinMarketCap data, market sentiment is bullish, as investors are heavily transacting PEPE. In the last 24 hours, trading volume has increased massively by 55.47% to $1.69 billion. Meanwhile, technical indicators such as the relative strength index (RSI) are less than 60, showing that the market is not overbought. The value of PEPE has also increased by 1.04% to $0.00001413 within this time frame. Pepe had jumped from a low of $0.00001341 following strong demand to a peak of $0.00001508 before settling at the current level. With the increasing volume and traders’ enthusiasm, the meme,coin could shock the broader market with a rally toward the $0.000019 price range. If sustained amid rising volume, such a breakout could see PEPE flip and erase one zero. However, to attain that height, PEPE must overcome certain critical resistance levels. Notably, the meme coin must find stability above $0.00001436 to attempt $0.0000160. It is only when volume stays high above this point that a breakout is likely. Could Pepe rally to short-term target of $0.000035? In the short term, PEPE indicators suggest it could reach between $0.00002322 and $0.000035 before the end of June. This requires Pepe to experience a minimum of approximately 65% increase. Although the meme coin's attempt at this ambitious climb is not unprecedented, the last 30 days suggest that it is achievable if Pepe whales, bulls and investors all support it. The journey to erasing a zero might still take a while. Some optimistic forecasts consider this a long-term goal that could happen by 2030. $PEPE $BTC #TradingTypes101
Pi Coin Holders Alert: $264M Token Unlock and Domain Expiry in June, Will Price Crash?
The Pi Network has been no stranger to controversy since its launch — and once again, it finds itself in the spotlight. With June approaching, the project is gearing up for one of its biggest challenges yet: a massive token unlock that could heavily impact the Pi Coin price. As of now, Pi Coin is trading around $0.75, a drop from its recent high of over $1.50. Adding to concerns is the daily trading volume, which has shrunk to about $135 million — far lower than the impressive $1.7 billion volume it saw when Pi crossed the $1 mark. Why Is Pi Coin’s Price Falling? According to market experts, Pi’s price slide is driven by a simple market dynamic — there’s more selling than buying. As demand weakens and supply increases, prices naturally decline. And with a major unlock event on the horizon, investors are becoming even more skeptical. What’s Happening in June? In June 2025, 264 million Pi tokens are scheduled to be unlocked — the largest unlock event for the remainder of the year. This influx of tokens could flood the market, adding selling pressure and driving the price down further. Interestingly, the official “.pi” domain is also set to expire on June 28, and some traders believe this could open doors for a short-term price rally, though opinions are divided. Pro Adds Pi Futures Trading In a positive development, Pi Network has made a strategic move by officially entering the U.S. market through Pro, one of the world’s top cryptocurrency exchanges. The platform recently launched perpetual futures contracts for Pi Coin, allowing traders to leverage positions up to 20x — a sign that institutional interest could be growing. Despite the recent price slump, many still consider Pi Coin a project with long-term growth. The Pi Network team continues to work on expanding its ecosystem, developing new applications, investing millions into platform growth, easing user restrictions, and exploring more real-world utilities for its token. However, analysts believe that for Pi Coin to truly establish itself, it must secure listings on bigger exchanges like .
Epic 2,000,000 #Solana (SOL) Transfer Stuns World's Largest Crypto Exchange
On May 27, two transactions amounting to 2,000,000 Solana (SOL), worth around $351.5 million, were withdrawn from Bina's cold wallets and transferred to two recently established stake accounts on the Solana blockchain.
The two transactions were nearly identical, as reported by Whale Alert. The first, confirmed at 8:41 a.m. UTC, moved 1,000,000 SOL worth around $175.78 million. The second followed one minute later at 8:42 a.m. UTC, moving another 1,000,000 SOL equal to around $175.81 million. Both landed in fresh Solana stake accounts and came from Bina cold wallets.
These wallets are now holding the entire balances and have not sent any funds out. Each transaction cost just 0.000085 SOL in fees, and both destination addresses were created shortly before the transfers and are now associated with staking, not trading, activity.
There is no public labeling or exchange affiliation tied to the receiving wallets. However, based on transaction type and setup, both appear to be structured for staking rather than sale or liquidity purposes.
At the time of the move, SOL was trading at roughly $175.32. Market response was minimal — no spike in volatility or trading volume followed the transactions. The transfers did not result in any immediate price shift on spot markets.
On Bina Futures, sentiment remained bullish. A total of 69.62% of all top trader positions were long, while 30.38% were short. Across user accounts, 68.57% were long, reflecting positive market bias.
Although the source and destination are both known on-chain, the motive behind the move remains unclear. This may be related to internal treasury restructuring, third-party custody or institutional staking.
#ADA Surges 3.5% as Exchange Outflows and Upcoming Upgrade Fuel Strong Investor Momentum Cardano (ADA) is currently trading at $0.7692 with a 24-hour opening price of $0.7433, reflecting a 3.48% increase and continued strong trading volume, positioning it among the top-performing cryptocurrencies today. The recent price rise is attributed to positive market sentiment driven by significant ADA withdrawals from centralized exchanges, signaling increased investor confidence, as well as anticipation surrounding Cardano’s upcoming Ouroboros Leios upgrade. Additional factors include ongoing ecosystem developments, such as potential stablecoin integrations and governance milestones, which have contributed to sustained investor interest and upward price momentum over the past week.
Shiba Inu (SHIB) Price Analysis: #SHIB price is currently changing hands at $0.00001543, with a daily gain of 1.01%, 2.66% weekly spike, and a notable 12.4% monthly spike. Successively, on the 4-hour chart, the momentum has helped it break out of the falling wedge pattern, a technical indicator that often precedes a bullish price action. Over the past 24 hours, SHIB’s price has ranged from the lows of $0.00001507 to a high of $0.00001601, with an intraday trading volume of $390.45 million. Increasing investor interest and continued bullish momentum could help SHIB test the $0.00002 resistance level in the near term. Should the rally sustain and volume increase, a further push toward the $0.00003 mark will be on the cards. Conversely, if SHIB fails to maintain above the $0.000015 level, it could revisit the immediate support near $0.0000145. However, the breakout from the wedge pattern limits the likelihood of a deeper pullback for now. $SHIB
3 Reasons Why Dogecoin Price Breakout Is Inevitable
3 Reasons Why Dogecoin Price Breakout Is Inevitable
#Dogecoin (DOGE) has recently captured the attention of the cryptocurrency market, with its price showing signs of a potential breakout. As of now, DOGE is trading at approximately $0.241, reflecting a 6.5% increase from the previous close. Several factors contribute to the growing optimism surrounding Dogecoin's future performance. 1. Bullish Technical Patterns Indicate Upward Momentum Technical analysis reveals that Dogecoin is forming a series of bullish patterns, suggesting a potential price surge: Ascending Triangle Formation: DOGE is exhibiting higher lows while facing resistance around $0.334. A breakout above this resistance could propel the price toward $0.355 to $0.360. Double-Bottom Pattern: This pattern indicates a reversal from a downtrend, with potential price targets ranging from $0.56261 to $0.63998, and possibly up to $0.70717. Falling Wedge Breakout: DOGE has broken out of a falling wedge formation, a bullish indicator, with analysts predicting a 50% increase, targeting $0.48 and higher levels up to $0.66. These technical indicators collectively suggest a strong upward momentum for Dogecoin. 2. Institutional Interest Enhances Market Credibility The launch of the Grayscale Dogecoin Trust in January 2025 marks a significant development in institutional adoption of DOGE. This investment vehicle provides accredited investors with exposure to Dogecoin, reflecting its growing acceptance as a legitimate asset class. Such institutional interest is expected to increase liquidity and stability in the Dogecoin market. 3. Support from Prominent Figures Boosts Investor Confidence Elon Musk's appointment as head of the Department of Government Efficiency has reignited speculation about his influence on Dogecoin's future. Musk's past support for DOGE and his new position could lead to favorable regulatory developments, further enhancing investor confidence. Conclusion The combination of bullish technical patterns, increasing institutional interest, and support from influential figures positions Dogecoin for a potential breakout. Investors should monitor these developments closely, as they could signal significant upward movement in DOGE's price.
The Litecoin price had broken above the prolonged consolidated range in the first few weeks, but the momentum faded as the token reached the end of Q1. Although the bulls are working hard to validate a V-shaped recovery, the bears are successfully dragging the levels below $100 and have kept the price restricted within the range. The current chart pattern could appear bullish, but in the wider timeframe, the LTC price appears to be primed for a major pullback.
The LTC price has remained stuck within a rising parallel channel for over a few years, after triggering a rebound from the 2022 bear market. The token has been trying to breach above the average band of the channel for over a couple of weeks, but the bearish start for the week flashes bearish signals. The 50/200-day MA is failing to initiate a Golden cross while the DMI is heading towards a bearish crossover. Therefore, the Litecoin price is feared to drop back close to $75 if the token fails to trigger a rebound.
has broken below the neckline of the inverted head-and-shoulders pattern, indicating that the bulls are losing their grip.
The next support is at the 50-day SMA ($0.68). If the price turns up from the 50-day SMA, the bulls will try to push the ADA/USDT pair above the neckline. If they can pull it off, the pair could retest the $0.86 level. A break and close above the $0.86 resistance clears the path for a rally to $1.01.
Conversely, a break and close below the 50-day SMA suggests the markets have rejected the breakout above the neckline. That increases the risk of a drop to $0.58.