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“Dogecoin Meltdown Incoming? Top Analyst Warns of a Potential Drop to $0.14"

The Crypto Basic

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#Dogecoin approaches the $0.18 support level as the meme coin market drops below $60 billion. With Long liquidations rising sharply, is a retest of $0.14 next? 

Read more on: https://thecryptobasic.com/2025/06/05/dogecoin-risks-crashing-to-0-14-as-meme-market-weakens/
#CryptoNewss 

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The Shiba Inu ecosystem team announces a major project that could revolutionize SHIB and potentially mark the end of its meme era. The team took to X to announce the beta launch of Shib Alpha Layer, the ecosystem’s rollup abstraction developed in collaboration with ElderLabs. Despite no VC funding, the Shiba Inu ecosystem team and ElderLabs’ engineers successfully built the project in record time. While unveiling the new initiative, Shiba Inu’s lead developer, Kaal Dhairya, reflected on past criticism directed at the cryptocurrency. He noted that Shiba Inu was initially dismissed as a meme coin, overwhelmed by “Wen Shibarium?” jibes and drowned in fear, uncertainty, and doubt (FUD). Instead of focusing on the criticism, Dhairya emphasized that the team kept building, delivering key projects like Shib Alpha Layer, which he introduced yesterday. The Shib Alpha Layer helps unify every RollApp, integrating them into a single, ultra-fast layer. It acts as a unified top layer that hides the complexity of multiple RollApps operating beneath it. “[With Shib Alpha Layer], users feel like they are transacting on one chain while dozens of rollups operate beneath the surface,” Dhairya remarked. Meanwhile, Shiba Inu’s lead developer, Shytoshi Kusama, also brought the newly introduced project to the community’s attention, urging enthusiasts to read the text from Dhairya. Recall that Kusama has been inactive on X over the past few weeks due to his ongoing work on the whitepaper exploring the interaction between Shiba Inu and AI. However, he emerged from hibernation yesterday to highlight Shiba Inu’s Web3 gaming initiative on Astra Nova’s TokenPlay. ai platform and the newly introduced Shib Alpha Layer.16648 Meanwhile, Shiba Inu’s lead developer, Shytoshi Kusama, also brought the newly introduced project to the community’s attention, urging enthusiasts to read the text from Dhairya. #CryptoNewss

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#VeChain recorded a 5% intraday drop after failing to cross the 50-day EMA. Derivatives data show weak interest, raising the risk of a $0.02199 breakdown. As the broader market struggles to find support, VeChain takes a bearish turn around the 50-day EMA, with a surge in selling pressure nearly undermining weekly gains. Will the downtrend break under the crucial $0.02199 support? Vechain Price Analysis On the daily chart, VeChain shows a V-shaped reversal, recovering from the three-day crash last week. The bullish trend produced five consecutive bullish candles. The recovery rally saw five consecutive bullish candles, with the price rising from $0.02253 to $0.02630, a 16% surge. However, the uptrend failed to break above the 50-day EMA, resulting in a sudden 4.87% crash on Wednesday. Due to recent fluctuations, the MACD and signal lines have flattened despite the earlier positive crossover. Hence, the technical indicators give mixed signals amid increased volatility in VET prices. Notably, the declining trend in the 50-, 100-, and 200-day EMAs signals a bearish long-term outlook. As selling pressure revives, the altcoin broke below the $0.02471 support level. VeChain extended its losses with a 5.17% intraday drop, trading at $0.02222. Thus, the likelihood of VET retesting the $0.02199 horizontal support has increased. A potential closing below the immediate support could extend the correction to the psychological level of $0.02000, followed by $0.01974. However, if VET avoids closing below $0.02471, a potential bounce back to the 50-day EMA at $0.02609 remains possible. VET Derivatives As VeChain’s bearish trend re-emerges, optimism in the derivatives market takes a significant hit. Open interest dropped 9.48% to $62.85 million, signaling reduced trader interest. Long liquidations reached $419k, while short liquidations remained below $6k. This reflects a substantial wipeout of bullish players. Consequently, the long/short ratio dropped to 0.8744, indicating an increased number of bearish positions. #Crypto

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"Ethereum holds firm at $2,700 as ETF inflows explode to $699M in June"

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#PEPE retests its 50% Fibonacci level as large holders increase net flows by 1,645%. Can the meme coin bounce back toward $0.00001550? Pepe has witnessed a steep correction toward recently broken 50% Fibonacci level, risking a potential bearish turnaround. However, large holders’ net flows and optimism in the derivatives market signal a possible bounce-back for Pepe. Will this extend the bullish trend toward the $0.00001550 resistance level? On-chain Data Supports Bullish Chances According to IntoTheBlock’s data, large holders’ Net Flow has surged by 1,645% over the past seven days. On June 11, the Net Flow reached 854.64 billion, reflecting increased confidence among large holders. This indicator measures the net flow of holders owning more than 0.1% of the circulating supply. Pepe Price Analysis At the time of writing, Pepe trades at $0.00001242, with an intraday pullback of 0.64%. This reflects a lower price rejection from the 24-hour low of $0.0000121. Following a minor bounce, Pepe holds ground above the 50% Fibonacci level at $0.0000122. However, the recent 4.80% pullback on Wednesday indicates a marginal increase in selling pressure. Due to prior bullish momentum resulting in a golden cross and hinting at a bullish crossover in the 100-day EMA lines, the meme coin is likely to sustain the prevailing uptrend. Supporting these bullish prospects, the MACD and signal lines are expected to flatten near the zero line, signaling a potential bullish crossover. Based on price action analysis, an immediate bounce back in Pepe could face resistance at $0.0000155, followed by key resistance at $0.00001705. On the downside, a close below the 50% Fibonacci level could test the 200-day EMA at $0.00001155. PEPE Derivatives Supporting a bullish sentiment, optimism remains strong in PEPE’s derivatives market, with open interest rising by 0.30% to $577.44 million. Long liquidations have surged to $1.97 million in the past 24 hours, more than double the short liquidations, which were $920,000.This signals wipeout of bullish-aligned traders, dropping ratio to 0.9516

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