Shiba Inu price has crashed today, August 2, with a 1.79% drop to trade at $0.000012. Despite this fall, an analyst says that recovery is not far away. He notes that it might get to $0.0000239. Considering that 1 trillion SHIB tokens are no longer on exchanges, his forecast might play out.
Shiba Inu price might be crashing, but bulls are not giving up. Analyst Joe Swanson is among these bullish traders. In a recent X post, he points out two patterns that suggest gains might happen soon.
The first is a cup and handle. He draws out how this pattern has come to be from the May highs, to June lows, and the most recent July highs. However, it was after reaching $0.00001597 that the SHIB price started to drop again. Swanson is not worried about this correction. In his analysis, he says it just confirms that Shiba Inu might make another leg up. He adds that the correction is the handle of this bullish pattern.
Oftentimes, the cup and handle pattern shows the price is taking time to cool off before it starts the next stage of an uptrend. In that case, getting to resistance at $0.00001710 is possible. After this, SHIB price will push further by another 36% to get to $0.0000239.
To sum up, the ongoing drop in SHIB price has not watered down bullish forecasts. Instead, one analyst says it might be the price getting a breather before its next rally. Whales and a spike in SHIB burns are also adding weight to the possibility of recovery happening.
Solana price trades at $163 today, August 2, with a 2.86% drop in 24 hours. Whales are now selling, fuelling the possibility of further dips. With longs taking the brunt, a fall to $120 is a real possibility, especially now that a bearish structure is emerging. Solana has been dropping for the last seven days. This crash has brought its seven-day drop to 12%. Bears have been dumping their tokens without much of a rush. Because of this, the drop has been gradual and created a rounding top.
When there is a sudden spike in selling, one would expect Solana price to rebound quickly. That is because there will be uncollected liquidity that traders will begin to hunt. But now, there is no chance of this happening. The fall has not left any gap that bulls might exploit. Lastly, whales are adding to the selling pressure. Lookonchain notes the activity of one whale that has moved 108,016 SOL, worth $17.7 million, to two exchanges: OKX and Binance. When whales are panicking, it is a bad sign for the SOL price.
From the peak of $206 to support at $159 is a 22% fall. This drop will be replicated again when the SOL price falls under $159. It is only a 2.45% decline from today’s price. Considering that weekend swings are often unkind to bulls, losing this support might happen this weekend.
In this case, it is possible for the Solana price to reach $120. Most likely, August might not end without SOL touching this price. This will likely be the case if bears tighten their grip on the market like they are doing now.
Pepe Coin price continues its strong downtrend this week, accelerating a trend that started on July 22 when it peaked at $0.00001465. This pullback has coincided with that of Bitcoin and other altcoins.
However, the positive funding rate, robust whale activity, and exchange outflows point to a potential Pepe price rebound in August. The daily timeframe chart shows that the Pepe Coin price has fallen in the last five consecutive days, its longest losing streak in months. This crash has pushed it below the 200-day Exponential Moving Average (EMA).
At the same time, the Relative Strength Index (RSI) has moved from the overbought level of 70 on July 22 to the current 37. This is a sign that it intends to move downwards and retest the oversold level.
Pepe will get to the oversold level possibly when it drops and retests the ascending trendline that links the lowest swings since March 11 last year. It has always bounced back whenever it drops to that trendline.
For example, it rallied by 71% when it dropped to that trendline in June last year. Before that, it jumped by 166% after retesting the trendline in April of this year.
Therefore, it is likely that the Pepe price will drop to the ascending trendline and then bounce back. The initial target will be the July high of $0.00001465, up by 37% above the current level. A move above that price will point to more upside to the year-to-date high of $0.000016, which is up by 56% from today’s level.
XRP is currently sitting at a crucial price zone where both technical signals and external catalysts are aligning. While short-term volatility persists, market watchers are now evaluating whether strong higher timeframe closures, a retest of major resistance, and U.S. regulatory momentum could act as a confluence for bullish continuation.
With analysts outlining defined breakout zones and broader accumulation trends unfolding, XRP’s ability to hold current support levels could determine if a rally toward $4.00 is imminent or delayed. XRP holding above the $3.23 resistance target remains favorable for long setups. The analyst notes that XRP’s monthly candle closed strongly bullish and suggests that the traction could carry the token toward $3.65 and potentially up to $4.70.
However, a break below the $3.02 support area may reverse the short term structure bearish. According to the analyst, price volatility is higher in the monthly transition period and best suited to the short-term scalping outcome of Bitcoin, as it provides a continued influence to the broader crypto market. On the daily chart, XRP price is retesting a critical zone after facing rejection from the $3.67 high. At press time, price action shows a bounce to the previous resistance area between $2.90 and $3.30, now acting as support. This retest is crucial in testing bullish power of the token. However, as long as XRP stays above $2.90 and reclaims $3.30, the XRP price prediction remains tilted toward a move to the upside. Otherwise, the price can remain in the state of consolidation.
On its fifth anniversary, Shiba Inu experienced a huge surge in token burn activity and a decline in token price. The celebration follows a renewed interest in supply reduction and long-term holder growth. Shibburn figures reflect that the burn rate for Shiba Inu skyrocketed by 5,809% within the past 24 hours. More than 4.1 million SHIB were burnt within this period.
Despite the burn trends, the price of SHIB declined by 5.85% to $0.00001208. The token’s market cap now stands at roughly $7.1 billion, with a 24-hour trading volume of $305.91 million. Shiba Inu is not the only crypto experiencing a price drop. The broader crypto market also crashed following the escalation of trade war between the U.S., Canada and other nations. The Donald Trump administration announced new tariffs on more than 60 countries, ranging from 10% to 50%.
This burn surge means that a total of 628 million SHIB tokens has been burned in the last seven days. This is an improvement of 365.09% in the burn rate within the last week.
Shiba Inu’s total supply in circulation is 589.27 trillion. The increased activity in burns indicates the strong involvement of those within the community although the sentiments in the broader market indicates caution
According to @Shibizens on X, Shiba Inu price has also gained over 21,600,000% since launch and reached a peak market cap of $41 billion. SHIB now has 1.51 million holders and has been listed on more than 115 exchanges globally, increasing its accessibility.
Crypto expert Ali Martinez has predicted that the Dogecoin price could be set for its next leg up in this market cycle. This prediction comes after new data showed whales bought 350 million DOGE in just 24 hours. This came after the expert highlighted that large Dogecoin holders snapped up around 310 million DOGE within 24 hours. This surge in whale accumulation came as the token approached a support level between $0.21 and $0.23, which has previously led to significant price rebounds.
Dogecoin also showed a bullish sign on its daily chart, known as a Golden Cross. This occurs when the 50-day moving average rises above the 200-day moving average. The Relative Strength Index (RSI), on the other hand, is currently at 50.6, suggesting that price increases may still occur before overbought conditions are reached.
Exchange data also shows Dogecoin reserves shrinking as coins move into cold storage. Over 72.6 billion DOGE are currently held by billion-token wallets, the most since May 2025. Strong upward movements, like Dogecoin’s 32% rally earlier in the month, have historically been preceded by such accumulation patterns.
Notably, CoinGlass data indicates that options volume increased by more than 350%, while trading volume increased by almost 14% to $6.9 billion. The slight rise in open interest in the futures and options markets is indicative of growing trader confidence in the Dogecoin price. The potential for a DOGE ETF is a significant sentiment driver that goes beyond technicals and whale activity. Prediction platform Polymarket currently shows 75% odds that a DOGE ETF could be approved by December 2025.
HBAR price has gained attention recently following several fundamental developments. The participants in the market are now majorly observing as to how these shifts may influence the future price movement. Amid growing speculation and macro-level buzz, traders appear to be adjusting their expectations. With more institutional and retail interest, Hedera (HBAR) sentiment is still developing.
HBAR has rebounded sharply off the key support area of $0.238 making higher lows and restoring lost initiative. The sudden recovery has returned the token to a crucial structural level. The price is currently sitting just under the $0.294 resistance level. This level had served as a resistance in April and June so it is a key area to observe in the short term run. An upside breakout of this area would pave the way to a possible long-term bullish trend. Action at this level indicates great interest by both buyers and sellers historically.
The DMI indicator also favors the bulls. The positive directional line (blue) is trending up and it is above the negative line (orange), indicating that the buyers are currently stronger than the sellers. The structure is further strengthened by short-term consolidation above the $0.25 level. This establishes a solid foundation that would facilitate further breakout.
Circle’s USDC is headed to Hyperliquid in an integration poised to streamline stablecoin transfers across several chains. Both entities have recorded meteoric growth metrics over the last month, with Hyperliquid’s AUM surging to $5.5 billion in July.
According to a blog post by stablecoin issuer Circle, its native USDC will make its debut on Hyperliquid in the near term. Circle revealed that the integration will lean on its Cross-Chain Transfer Protocol (CCTP v2), allowing native USDC to move securely across multiple blockchains.
Per the arrangement, Hyperliquid users will not require wrapped tokens or custodial bridges to move native USDC. With Circle’s CCTP v2, developers will be able to build apps for cross-chain onboarding, swaps, and treasury rebalancing, among other use cases.
Amid the announcement of the imminent launch of USDC on Hyperliquid, it is worth mentioning that the network is already capturing 70% of USDC on Arbitrum.
Hyperliquid has been a beehive of activity over the last month, hitting a $10.6 billion open interest as HYPE set an ATH. The decentralized exchange recently expanded to the Solana ecosystem with a Phantom partnership to enable in-wallet leveraged crypto trading.
Pi Coin price trades at $0.419 today, July 31, with a 1.54% drop in 24 hours. PI is now facing another 23% crash because whales are selling close to a price believed to be a magnet for buyers. Amid this sale, a 23% crash is now lurking.
Pi Coin might crash to a new low because of a head-and-shoulders pattern. When this happens, it means that bears are about to have control. The two shoulders and the head have a slanting resistance line. What this means is that the price is creating lower highs.
The height from the top of the head to the support is a 23% drop. In that case, moving below $0.419 might force the Pi Coin price to reach $0.32. Here, the Pi Network price will be at its lowest price since it was first launched in February 2025.
Some buyers might be trying to salvage the situation. The last green candle formed just as the price touched $0.41. In that case, there might be some traders filling their bags, looking forward to the integration of Pi Network on Onramp Money in the coming weeks.
This green candle might also be from some traders who believe a demand area that has played out in the past is going to do so again. This stems from the fact that each time the Pi Network price neared a low, new traders started to buy. However, when you look at the RSI that sits with its value of 35, there is no chance of this happening any time soon. Therefore, Pi Coin might be facing a new low in August, with the fall likely to find a buffer at $0.32. This is the target of the head and shoulders, and if it creates a new demand zone, this is the price at which PI might start to rebound.
Crypto analyst Trend Rider has identified strong bullish signals for the Cardano price, with technical indicators aligning in its favor. Other analysts have also provided a bullish outlook for the altcoin. This comes as Cardano ETF approval odds surge to 83%, igniting investor optimism. The analyst recommended that holders be patient, even though the oscillator line is slightly negative. This is especially important as Bitcoin is still trending upward. If momentum continues, investors seeking short-term gains are advised to take some profits close to $1.20.
This outlook aligns with the growing speculation about the approval of the Cardano ETF, as positive news around the token continues to increase.
Furthermore, top analyst Crypto Smith pointed to an even more ambitious scenario for the Cardano price. Using a TradingView chart, Smith highlights a classic “cup and handle” formation. He underscored that the Cardano whales had finished their accumulation phase, with the token now testing the breakout point around $0.92. If this breakout holds, Smith’s analysis predicts the ADA price could eventually surge beyond $4.
The rising Cardano ETF approval odds have created an increasingly bullish backdrop for the Cardano price. As October’s final SEC decision deadline approaches, the crypto community will be watching closely to see whether the token can enter a sustained rally.
Pepe Coin price continued dropping today, July 30, as most meme coins plunged. It is in the second consecutive week in the red, and technicals point to a deeper dive after forming the highly bearish head-and-shoulders pattern.
The bearish Pepe price forecast is also based on the fact that whales have stopped or paused their recent accumulation. The weekly chart shows that the Pepe Coin price surged and peaked at a record high of $0.00002815, its highest swing in December last year. It then plunged and found a bottom at $0.000005678.
A closer look shows that the token has formed the highly bearish head-and-shoulders pattern. This pattern’s head is at $0.00002815, while the right and left shoulders are at $0.00001700. The neckline is at $0.000005678.
This pattern often leads to a strong bearish breakdown over time.
In Pepe’s case, the distance between the head and the neckline is about 80%. Measuring the same distance from the neckline yields a target price of $0.000001092, which is approximately 90% lower than the current level. This target price is the lowest it has been since February last year and will be confirmed if it moves below the neckline.
The bearish Pepe price forecast 2025 will become invalid if it jumps above the right shoulder at $0.00001700. Soaring above that level will point to more gains, potentially to the all-time high of $0.00002815. Another macro factor is that the Federal Reserve will likely not cut interest rates in its meeting on Thursday. The case for a more hawkish Fed gained momentum after the US released strong second-quarter GDP data and non-farm private payrolls data.
Ethereum (ETH) trades at $3,821 today, July 30, with a 53% gain in one month. Ethereum price gains in July have been due to multiple factors like altcoin season chatter and demand from institutions. However, a new bullish factor, DeFi resurgence, has entered the picture, and it might not only help ETH reclaim $4,000 but push it to $5,400. Ethereum has created an inverted head and shoulders. That means there is a bullish reversal happening now. It completed the first stage when the price moved past $2,750.
Now that $2,750 was confirmed as support, the second stage is now at play. Here, ETH price might surge by 98% to $5,400. This price target is realized from the height of the head’s lowest point, $1,385 to $2,750.
However, this does not mean that such a rally will not be without hiccups. Firstly, Ethereum will have to cross above $4,000. Since 2021, ETH has not had an easy time pushing past $4,000. If it manages to do this, the next stop will be at the November 2021 high of $4,800. Afterwards, bulls might target $5,400.
Therefore, even before the rally to $5,400 starts, a 5.3% upswing from today’s price of $3,821 to $4,000 is the main move to watch. Until this happens, getting to $5,400 will remain a pipe dream. This Ethereum price forecast is also made more likely to happen because of the RSI. In most cases, a 53% rally causes an overbought RSI. However, at 69, the RSI has left space for the ETH price to extend gains.
Looking at what happened in the Q1s of 2021 and 2024, the RSI did not warn about a reversal until it moved past 80. Therefore, buyers are not out of the game just yet.
Dogecoin (DOGE) continues to extend losses today, July 30. It trades at $0.222 with a 3.44% drop in 24 hours. However, a turning point for Dogecoin price in favor of bullish traders might be near. This follows a signal of a 70% rally printed by DOGE/BTC as the Dogecoin founder teases those selling Bitcoin. DOGE/BTC shows how Dogecoin is doing compared to Bitcoin. Most of the time, Dogecoin follows Bitcoin’s lead, but there are moments when DOGE pulls ahead.
For example, in mid-June, when the Bitcoin price was gaining but Dogecoin was not, DOGE/BTC dropped to the lowest point in four years. Later on, DOGE price started to rise on June 23 from $0.15 to reach $0.27 on Tuesday last week. During this time, DOGE/BTC rose.
Because of the highs and lows that have been happening for the last two months, a double bottom has appeared. That means that the ratio has found strong support. This lies at 0.0000145, the lowest point of the double bottom.
However, even after finding support, this top meme coin is not having an easy time moving past resistance. For the past two times it has tested this resistance, Dogecoin price tends to somehow lose its strength against Bitcoin.
If buyers can step in and aid the DOGE price rally and enable it to outperform BTC in the near term, getting past 0.00000248 might become possible. After this happens, the ratio will then set its sights on $0.00000426. In case Dogecoin gains by the same 71% that the ratio shows, it might reach $0.37 soon. However, recently, CoinGape reported that Dogecoin has been crashing because of macro factors. This might delay its chances to gain.
XRP price trades at $3.15 today, July 30, with a 0.22% decline. This small drop is a continuation of the coin’s choppy movements. Still, whales are not jumping ship, and they have opened more than $25 million worth of longs ahead of a White House crypto policy report on July 30.
July has been one of the best months for XRP holders. It was just last week that the Ripple price broke out of seven months of consolidation. However, in the same way as previous rallies, the uptrend has not been without hiccups.
After reaching $3.66 on Friday last week, Ripple showed signs of being overheated. When this happens, the price tends to drop to gather momentum for the next leg up. That led to a bullish pennant.
Now, the XRP price is creating higher lows, a sign that bulls want to assert their dominance again. In this case, the price might move above $3.66 again. This point is now resistance, because traders usually hesitate when a new high is formed.
The 63% height of the pennant’s pole from the starting point of $2.27 up to last week’s high of $3.66 shows a 63% surge. That means that if the Ripple price were to cross $3.66, it might gain by 63% and reach $5.96.
The White House crypto policy report that will be released on July 30 might fuel the gains.
Whales might be positioning themselves for the rally with $25 million long positions opened in the last 24 hours.
The Shiba Inu ecosystem is advancing with several major updates this week. Shytoshi Kusama, the lead developer, teased a new partnership aimed at building intelligent infrastructure for Shibarium. Meanwhile, the SHIB ecosystem is also entering a new phase with the Alpha Layer update. The biggest component of such a transition is the development of the Shib Alpha Layer. It is likely that this modular layer will be more customizable, have better privacy, and specialized environments that suit many applications.
TREAT token will function as the utility and reward token powering this layer’s operations. The Shiba Inu team member also confirmed that there’s a collaboration between Shib.Fun and Astra Nova.
The partnership is expected to bring new gaming-related functionality or metaverse integration to Shibarium. This alliance is a strategic move towards providing greater entertainment and user engagement.
Meanwhile, the Position DEX will go live later this month. It introduces decentralized trading on the Shibarium blockchain. The new DeFi product will allow users to trade, farm, and earn community-related incentives.
This product launch boosts the utility levels of the network. The interest in the Shiba Inu ecosystem is rising as it adds more initiatives and collaborations. All these features help Shibarium to achieve the objective of building a multi-faceted, scalable blockchain. With partnerships forming and new platforms launching, the Shibarium framework is moving from concept to full functionality.
Meanwhile, in another notable development, Shiba Inu just upgraded its Shibarium developer hub with new tools. These included node guides and bridging tools.