$SOL Entry Zone: $151.80 – $152.90 TP1: $156.80 TP2: $160.00 | User- El145 on Binance Square

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$SOL Entry Zone: $151.80 – $152.90TP1: $156.80
TP2: $160.00
Stop-Loss: Below $148.70

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Shiba Inu Burn Rate Up 352%, Shibarium Spikes Above $4M, SHIB Turning Green? Data from DeFiLlama shows that the Shibarium TVL has now crossed $4 million again after crashing in April 2025. This comes with increased usage of DeFi protocols on the blockchain such as K9 Finance, ShibaSwap, and WoofSwap, all of which have seen an at least 10% increase in usage in the last month. ChewySwap has grow the most during this time with a 20.43% increase in TVL in the space of one month. While the current TVL of $4.07 million is not the highest that Shibarium has seen this year, it is still quite high compared to its January 2025 peak of $6.36 million. SHIB Burn Rate Jumps 352% In One Week The Shibarium network is not the only thing that has been seeing increased participation from the Shiba Inu community as the burn rate is also on the rise. According to the Shibburn website, which tracks the progress of the Shiba Inu community burn, there has been a 352% uptick in the burn rate over the last week. At the time of writing, there have been over 330 million SHIB tokens sent out of circulation forever in just a single week, a notable increase compared to the previous week. In the 24-hour period, over 16.8 million tokens were burned, resulting in a 660% daily surge as well. There has also been a notable uptick in whale transactions, that is, transactions carrying at least $100,000 worth of SHIB, rising by over 450% from May 4 to May 5. IntoTheBlock data shows a rise from 1.13 trillion to 6.67 trillion SHIB moved in the space of 24 hours. It is possible that these transactions could be for selling. However, if the reverse is the case and accumulation is on the rise, then it is possible that the Shiba Inu price could reverse quickly and turn green alongside its on-chain metrics.

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Dogecoin Head And Shoulders Pattern Suggests Surge To $0.23 With $1.65 Billion At Risk After several days of indecisive movement, Dogecoin appears to be approaching a technical turning point. The cryptocurrency is currently trading near $0.17, with a slight 1.4% increase in the past 24 hours. Technical analysis of the Dogecoin price chart shows that the meme coin is about to complete a classic head and shoulders pattern that would send it above $0.22 again. This comes as derivatives data shows that a break could trigger liquidations close to 1% of the $1.65 billion open interest in Dogecoin futures. Head-And-Shoulders Formation Signals Break To Key Price Zone According to an interesting technical analysis of the Dogecoin’s price chart, the meme coin is forming a classic inverse head and shoulders pattern on the daily timeframe. This pattern is composed of a well-defined left shoulder in early March, a deep head formed by early April lows, and a developing right shoulder that appears to be stabilizing towards the neckline as of early May. The chart also shows the potential of an AB=CD harmonic pattern that aligns with Fibonacci extension levels projected from the $0.131 low on April 6. The measured move is a CD playout that will see Dogecoin rise toward the 0.618 to 0.786 retracement levels, corresponding to price targets in the $0.22 to $0.23 range. If this pattern plays out in sync with the head and shoulders structure, it would imply a 35% rally from the current price level.

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XRP Price Marks Confluence Support, Technical Indicators Put Next Stop At $3 The XRP price is again in focus, with the altcoin’s confluence support providing a bullish outlook and hinting at a bullish continuation. Based on these technical indicators, crypto analyst The Alchemist Trader has predicted that XRP could soon rally to $3. XRP Price Could Reach Key Resistance At $3 In a TradingView post, The Alchemist Trader indicated that the XRP price could reach the major resistance at $3. This came as he predicted a rise to the range mid and Point of Control (PoC) at $2.80 as the next logical step. He added that the primary hurdle lies at the previous high near $3, where the channel’s midpoint and bearish order block coincide. The analyst also commented on the current price action, noting that the altcoin has entered a pivotal consolidation phase within its long-term up-channel. He further gave a technical breakdown of the key elements underpinning XRP’s current setup. First, he revealed that the price has retested the rising channel’s lower boundary and held “flawlessly.” Momentum Is Building For The Altcoin In an X post, crypto analyst CasiTrades stated that momentum is building as the XRP price approaches key Fibonacci levels. She acknowledged that the market has been relatively quiet lately, but remarked that momentum is picking up and that the altcoin is dropping to one of the most critical support tests seen in weeks. The analyst further noted that after a steady pullback from the local high at $2.36, the price is now approaching a key support region between $2.078 and $2.00. This zone is said to have acted as a pivot point in the past and is where the market could start to turn if strength returns. Meanwhile, on the lower timeframes, CasiTrades stated that the Relative Strength Index (RSI) is showing signs of selling exhaustion, and the price action is beginning to compress. This often signals that a bigger move is on the horizon. The analyst predicts that the token will gain strength from these supports and break past $2.25, $2.68,

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$NEIRO Entry Zone: $0.00022400 – $0.00022700 Target: $0.00023800 Stop-Loss: Below $0.00021500

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