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Bitcoin’s recent price ascent took the asset to a new multi-month peak of over $104,000 where it faced some resistance and now sits above $103,000. Many altcoins continue to post impressive gains, with ETH standing well above $2,300, while DOGE has soared past $0.21. If we roll back the clock to May 6, we will see that BTC’s price was just rejected at $98,000, and the asset had slipped back down to under $94,000. Although this $4,000 price drop might sound painful, a broader look would show that bitcoin has still added roughly $20,000 since the early April lows. Impressive, right? Well, the primary cryptocurrency wasn’t done yet, not by a long shot. It bounced off that support line, and it took about a day to fly past the coveted $100,000 line. As such, BTC stood within a six-digit price territory for the first time in over three months. The gains kept coming on Friday as bitcoin exploded to its highest price level since late January of over $104,000. It met some resistance there and was pushed south by a few grand, but that was short-lived. As of now, BTC stands well above $103,000 – a 7% weekly surge and a 26% monthly pump. Its market capitalization has risen to $2.050 trillion, while its dominance over the alts has taken a hit and is down to 60.5%, as many altcoins have registered mindblowing price increases. Many altcoins have doubled down on yesterday’s price increases with massive gains today as well. ETH is among the leaders as another 6% surge has taken it to $2,350 where it faces a crucial resistance. Binance Coin, Solana, Avalanche, and Shiba Inu have marked similar pumps, while DOGE has risen by over 12% and now trades above $0.21. As a whole, the meme coins have posted the biggest gains, with PEPE and FARTCOIN leading the charts with substantial double-digit price increases. The total crypto market cap has surged to $3.4 trillion on CG. This means that the metric has added roughly $400 billion since May 6 .

Shiba Inu (SHIB), a meme-inspired cryptocurrency, is once again capturing attention in the crypto market. The token, after months of relatively subdued activity, now shows strong bullish potential. SHIB’s current price is $0.0000149, a 7.96% gain in the past 24 hours. It also rose 9.66% over the past week, fueling optimistic investor sentiment According to analyst Rose Premium Signals, SHIB is forming a classic cup and handle pattern. This chart structure often signals impending price breakouts. Recent price movement suggests SHIB could be set for a significant rally, especially after a bounce from a key buy zone. Rose Premium Signals notes the coin recently bounced off crucial support at $0.00001148. This bounce marks a potential launch point for further gains. If the cup and handle pattern plays out fully, SHIB could break resistance levels and aim for targets at $0.00002215, $0.00002724, and possibly $0.00003298. Related: Shiba Inu’s 29 Trillion SHIB Trap: Where Would The Price Go Next? Technical indicators back this forecast. The MACD line has crossed above the signal line, showing a bullish crossover. The histogram is also expanding, signaling growing buying momentum. Meanwhile, the RSI stands at 67.82. Related: Shiba Inu Burn Rate Declines as Shibarium’s Growth Signals Positive Outlook Although it’s approaching the overbought zone, this level typically precedes short-term consolidations before another move higher. These signals together point to a strengthening trend that may extend in the near term. Recent netflow data supports the bullish case. Outflows have outweighed inflows in past months, particularly in November and December. These sell-offs pushed the price downward significantly. However, April data shows flattened price action and stable netflows. This stabilization could indicate accumulation, where large investors are buying quietly in preparation for a bigger move. Additionally, market cap growth and increased trading volume now nearing $699 million daily suggest that interest in SHIB is returning. With a current market cap exceeding $8.8 billion and a circulating supply of 590 trillion tokens, SHIB remains one of the most watched altcoins. Adding to the positive sentiment, forecasts from Coincodex suggest SHIB may trade between $0.00002231 and $0.00002602 by December 2025. This projection implies a potential 63% to 75% gain from current SHIB price levels. Such upside could significantly reward early buyers if the anticipated breakout materializes. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

​​📈Market Overview Market is swept up in euphoria, forgetting the long months of decline. BTC has risen above $102K, and ETH has returned to the $2K mark. Tokens from Ethereum ecosystem such as EIGEN, UNI and ZK have surged sharply, along with meme coins like PEPE, NEIRO and BRETT. Market Cap: $3.37T 24h Liquidation: $867.1M Fear & Greed Index: 73 (Greed) 👉 Latest News - Coinbase reported Q1 2025 earnings with revenue of $2.03B - Zerebro creator found alive after faked death rumors spread - Alex Mashinsky, founder of Celsius, sentenced to 12 years for crypto fraud 👉 Small Cap Gainers Moo Deng +103% Not in Employment +77.1% Joe Coin +59.2% Koma Inu +50.1% Luna by Virtuals +44.6% 👉 Recent Funding Rounds Coinbase Ventures has acquired Deribit for $2.9B Sonic $10M Strategic Round led by Galaxy GoQuant $4M Seed Round led by GSR

Doodles announced Solana and BSC ecosystem projects with DOOD airdrop qualifications, including Bonk, ElizaOS, etc. NFT project doodles announced Solana and BSC ecological projects with DOOD token airdrop qualifications. It is reported that 13% of the total supply of DOOD tokens will be allocated to communities that are consistent with doodles' mission and values, including: 1. BonkBot - the top 50 active users ranked by transaction volume; 2. Bonk - the top 2,500 wallets in the Bonk rewards program; 3. drip.haus - active DRiP creators from January 1 to March 5, and some holders of Doodles Collectibles on DRiP; 4. Solana Mobile - pre-orderers of Solana Mobile Chapter2; 5. Vector - the top 2,500 wallets based on Broadcast Volume; 6. Helius - the top 5,000 Helius staking users. 7. ElizaOS - ElizaOS contributors; 8. The Pond - NFT holders (snapshot taken on May 6); 9. Selected BSC communities (TST, Mubarak, Babydoge, Broccoli714, Koma Inu) claims will be directly managed by their respective projects.

The Shiba Inu price today hovers near $0.00001275, holding steady after recovering from a two-day dip that tested key Fibonacci support at $0.00001240. SHIB has formed a mild rebound off the 0.5 Fib retracement zone ($0.00001267), but upside momentum remains capped by persistent supply near $0.00001294—the 0.618 Fib level. On the 4-hour chart, SHIB is approaching a descending resistance trendline that has constrained price action since late April. The asset remains range-bound between $0.00001240 and $0.00001335. Price is also wrestling with the 50-EMA on this timeframe ($0.00001302), which coincides with a horizontal resistance band. Unless bulls secure a firm breakout above this confluence zone, the trend bias remains neutral. Momentum indicators suggest SHIB is stabilizing but lacks strong bullish conviction. The RSI on the 15-minute and 4-hour charts fluctuates near 52 and 47, respectively—indicating a neutral trend with no overbought or oversold conditions. Meanwhile, MACD is showing early signs of weakening bullish momentum. On the 15-minute chart, the MACD lines have flattened following a brief bullish crossover, while on the 4-hour chart, the histogram is tapering off. These signals underscore that while downside pressure has faded, buying strength remains insufficient for a decisive rally. The EMA cluster (20/50/100/200) further highlights the compression zone around $0.00001294–$0.00001305. This band will be pivotal for short-term direction. Shiba Inu price lies in the tug-of-war between consolidating bulls and a stacked resistance zone overhead. After a brief dip to $0.00001250, buyers stepped in at the 0.382 Fib support ($0.00001238), initiating a modest rebound. However, the lack of follow-through above $0.00001294 is limiting upside traction. If bulls clear the $0.00001335 level—where a prior cluster of wicks stalled rallies—a move toward $0.00001395 and even $0.00001450 becomes technically viable. But a failure to reclaim this range could invite renewed pressure toward $0.00001240 and $0.00001200. Bollinger Bands are tightening on short-term charts, often a precursor to breakout volatility. Traders should watch for confirmation through volume and MACD slope change. Looking ahead, the Shiba Inu price sits in a technical squeeze, with a decisive move likely by midweek. A close above $0.00001294 and sustained momentum past $0.00001335 could shift the market bias bullish. Otherwise, the asset risks drifting back toward its lower support zone. Until clearer momentum signals emerge, SHIB remains in consolidation mode, trading within a well-defined channel of supply and demand. Read Also: Shiba Inu (SHIB) Price Prediction May 2025: Will SHIB Breakout or Stay Range-Bound? Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.