The market cap of the crypto industry has soared 2.48% to $3.46 trillion in the last 24 hours. This was assisted by the $140.68 billion worth of trading volume, signaling a renewed appetite for risk-on assets. Amidst the turn of events, Memecoins led the rally, surging 6.45% to a market cap of $59.94 billion, while …
Cardano has slipped about 1.54% in the past day, but signs are pointing toward a turn in its fortunes. Traders have spotted a rare weekly golden cross on the ADA/USD chart. That happens when a shorter moving average crosses above a longer one. It can signal that buyers are gaining the upper hand after months of sideways action. Related Reading: Ethereum Sees $6 Billion In Tokenized Funds As Big Players Jump In First Ever Weekly Golden Cross According to analyst Mr. Brownstone, Cardano just logged its first‑ever weekly golden cross, with the 50‑week moving average climbing above the 200‑week line. ADA is trading at $0.60, under both its 50‑day MA at $0.66 and its 200‑day MA at $0.64. That gap means bulls need more firepower to push price back above key levels. Still, the weekly signal has many calling a bullish move ahead. Anyone else notice that Cardano just had it’s first Weekly Golden Cross ever? ???????? pic.twitter.com/d7gvWQfN1Z — Mr Brownstone (@GunsRoses1987) July 9, 2025 Price Levels To Watch Based on examination from MasterAnanda, ADA will likely need to reclaim its 34‑period EMA and the 200‑day MA before a real uptrend can take hold. Many traders use those levels as checkpoints. If ADA closes above $0.64, it could draw new buyers in. On the flip side, a drop under $0.59 might trigger more selling pressure. Whales Return To Accumulate Analyst Ali Martinez has noted that large holders scooped up about 120 million ADA over the past two weeks. These addresses, each holding between 1 million and 10 million ADA, now control roughly 5.5 billion ADA—worth around $3.3 billion at current prices. When big wallets pile in, it often suggests confidence that prices will head higher. But it can also lead to quick flips if whales decide to take profits. Whales bought over 120 million Cardano $ADA in the last two weeks! pic.twitter.com/HOjvzB6fqd — Ali (@ali_charts) July 8, 2025 Cardano: Forecasts And Sentiment Several price targets have emerged in recent weeks. Some analysts expect ADA to climb to $1.33, while others think $10 is within reach this cycle. Price prediction by CoinCodex points to a 25% rise to $0.74 by August 8, 2025. Right now, technical indicators lean bearish, and the Fear & Greed Index sits at 59 (Neutral). Cardano has seen 14 out of the last 30 days end in green, with volatility around 7.54%, according to the price prediction site. Related Reading: 2% Of All XRP Is In His Hands — But Who Is He? Outlook And Next Steps Cardano’s weekly golden cross is a bullish sign, but price still needs to clear shorter‑term hurdles. Traders looking for confirmation may wait for ADA to close above $0.66 on the daily chart. Those already in position might set a stop‑loss below $0.59 to guard against a rejection. With whale activity back on the rise and long‑term targets ranging from $1.33 to $10, Cardano is once again on investors’ radar. However, broader market trends—especially moves in Bitcoin—will likely dictate whether ADA’s momentum can stick. Featured image from Meta, chart from TradingView
Justin Sun, a serial entrepreneur with a keen focus on blockchain technology and the web3 space, has announced a strategic investment in Donald Trump-backed memecoin dubbed Official Trump ($TRUMP). The Tron (TRX) founder announced he is committed to purchasing $TRUMP tokens worth $100 million in the near term. The announcement follows a recent move by …
Pump.fun, a top-tier memecoin launchpad on the Solana (SOL) network, has confirmed the schedule of the Initial Coin Offering (ICO) for its $PUMP token. According to the announcement on Wednesday, July 9, Pump.fun has scheduled the $PUMP ICO on July 12, 2025. The $PUMP ICO offering will involve 33 percent of the maximum supply of …
A sudden social media jab sent Solana’s Peanut the Squirrel token soaring this week. In a Tuesday post, billionaire Elon Musk criticized US authorities for ignoring names on the Jeffrey Epstein “client list”, quipping that “more squirrels and raccoons have been arrested” than any Epstein affiliates. Related Reading: XRP Could Hit $35 If It Captures A Quarter Of Remittance Market By 2029 A nod to a squirrel named Peanut—said to have been “arrested (and killed)”—coincided with a sharp pop in the PNUT token’s value. According to on‑chain data, PNUT climbed over 10% in 24 hours, touching $0.23 at one point. Elon Musk Highlights Justice Concerns Based on reports, Musk’s post racked up more than 13.7 million views within hours. Traders quickly linked “Peanut” to the PNUT ticker. Almost immediately, PNUT price rose from about $0.22 to $0.23. Peanut price up in the last 24 hours. Source: Coingecko The token’s 24‑hour trading volume jumped roughly 80%, crossing $215 million. Market watchers estimate PNUT’s market cap now sits near $224 million, out of a total supply approaching 1 billion tokens. Market Reaction Follows Viral Meme Meme tokens often depend on hype, and PNUT was no exception. After Musk’s message spread, order books filled fast. Buy orders outnumbered sells, driving price momentum. Crypto bots and retail traders piled in, hoping to catch the wave. Some investors told reporters they moved funds into PNUT within minutes of seeing Musk’s post. They arrested (and killed) Peanut, but have not even tried to file charges against anyone on the Epstein client list. Government is deeply broken. pic.twitter.com/YndRadQUBE — Elon Musk (@elonmusk) July 8, 2025 Token Jump Drives Trading Frenzy Solana’s speedy network helped too. Transactions cleared in seconds, letting traders react without delay. That low‑fee environment amplifies meme coin rallies: when hype hits, people can buy or sell without worrying about high gas costs. In this case, volume spiked from around $120 million to $214 million in under a day. Related Reading: 2% Of All XRP Is In His Hands — But Who Is He? Looking Ahead, Caution Advised Despite the rush, crypto veterans warn that PNUT’s gains could reverse just as fast. Meme tokens lack fundamentals, and hype fades quickly. Traders could face losses if views shift or if Musk moves on to the next joke. For now, Musk’s satirical jab has put Peanut the Squirrel on center stage. Whether PNUT can hold its gains may depend on more viral moments—and on whether investors remember to take profits before the next twist. No ‘Client List’ Meanwhile, according to a memo obtained by Axios, the Justice Department and FBI under US President Donald Trump found no evidence that convicted sex offender Jeffrey Epstein blackmailed powerful individuals, kept a “client list,” or was murdered. Featured image from Meta, chart from TradingView
The memecoin space is witnessing a sharp divergence in momentum, driven by evolving tokenomics, shifting liquidity flows, and growing investor segmentation. While emerging assets like SPX6900 and FLOKI attract significant capital inflows due to ecosystem upgrades and increased market visibility, others such as BONK and Fartcoin are entering consolidation phases, reflecting temporary equilibrium between buyers …
Based on reports from the trading account Bitcoinensus on X, PEPE has formed a pattern that led to a 10x rally in the past. Now, some chart watchers believe a similar move could push prices even higher—possibly up to 20X the current level. Related Reading: XRP Could Hit $35 If It Captures A Quarter Of Remittance Market By 2029 Flag And Breakout Signals Drive Hope Traders spot a “flag” shape when price moves sideways after a drop and rise. Bitcoinensus pointed out that PEPE first formed one flag, then shot up from about $0.0000015 to $0.000015—a roughly 10x gain. The chart showed a second flag forming recently, and if PEPE breaks out again, it could mirror that earlier surge. Based on reports, a fresh breakout might send PEPE toward a 20X move from today’s prices. $PEPE Macro Outlook ???????? PEPE has been repeating the same explosive pattern: ???? Flag → ???? Breakout → ???? Flag → ???? Breakout So far: Accumulation 1 → 10x Accumulation 2 → Breakout in progress The next big move up will probably lead to the cycle top. History doesn’t… pic.twitter.com/Rqc6KBfWgn — Bitcoinsensus (@Bitcoinsensus) July 7, 2025 Price Targets And Support Levels Tested In a follow‑up post, Solberg Invest on X laid out a bullish short‑term view. Their target sits at $0.000015 if PEPE holds above the key support line at $0.0000102. That level has been tested multiple times in recent weeks, demonstrating some buying interest each time prices approached it. Traders warn that slipping below $0.0000102 could derail hopes for the next big leg up. Triangle Formation Signals Tension A recent chart indicates that PEPE is trading within a triangle pattern. Traders track triangles closely because they can lead to rapid moves following a breakout. Currently, PEPE is wedged at the top of this triangle. When trading volume picks up and the token closes over the old resistance line (indicated in red), it could ignite a new wave of buyers. Community Buzz Keeps Meme Coins Alive Meme tokens survive by social fervor, and PEPE has developed a devoted fan base on sites like X. Meme posts and community-led memes have powered previous rallies, prompting new investors to jump aboard. According to reports, continued buzz might be sufficient to initiate another run at least in the near term. Related Reading: Bitcoin Meets Heartbreak In Drake’s Latest Track—Details Risks And Rewards In Focus Even if history does rhyme, it doesn’t often repeat itself. Previous runs had PEPE tank just as severely, losing as much as 95% of profits in one session. Gambling on a 20X spike involves taking wild swings and sudden plunges. Anyone considering coming in at $0.0000102 should have in mind exit points and only risk capital that can be safely lost. Featured image from Meta, chart from TradingView
After months of preparation, Pump.fun, a Solana (SOL)-based launchpad for memecoin, will conduct its initial coin offering (ICO) between July 12 and 15 through the Gate.io cryptocurrency exchange. Pump.fun public token sale will involve 150 billion tokens at an initial selling price of about $0.004. According to the announcement, the PUMP token will have a …
After multiple failed attempts, the Dogecoin price has marked the local highs close to $0.176, hinting towards a rise in the strength of the bulls. The Bulls have been displaying strength lately but are also facing enough pressure from the opposition. As a result, rising and sustaining above $0.18 has become a tedious job as …
BONK, the leading dog-themed memecoin on Solana, has surged 58% over the past week, and has sparked fresh excitement in the meme coin space. With a potential ETF launch on the horizon, rising trading volumes, and a booming launchpad ecosystem, analysts believe this could just be the beginning of a much larger move. Bonk also …
Memecoins have been doing well in recent times. Today, however, has marked a particularly bullish day for this category. Tokens like BONK, FLOKI, and PEPE have climbed into the top gainers list. That being said, Dogecoin and Shiba Inu are in no way behind, as these blue-chip tokens have catalysed the trend. This rally comes …
Memecoin mania is showing signs of rotation: Bonk has surged ~6–7% to ~$0.000018 on strong ETF buzz and burning catalysts, while Pepe trades near $0.0000098, down ~1–2% but buoyed by whale accumulation and bullish wedge breakouts. Meanwhile, Dogwifhat (WIF) has slid ~4–10% intraday to ~$0.85, testing key support amid declining volume. Fundamentally, Bonk’s token burns …
BONK, Solana’s top-performing meme coin, is on fire. With a 9.26% surge in the last 24 hours and a staggering 34.67% weekly rally, BONK is once again holding dominance in the top gainers list. The coin is currently trading at $0.00001841, lifting its market cap to $1.48 billion, and pushing 24-hour trading volumes to $582.99 …
Dogecoin’s price action caught traders’ attention this week. After dipping toward the $0.13–$0.15 demand zone, the meme‑coin shot higher, and a surge in derivatives data suggests many expect more gains. Related Reading: Ethereum Network Awakens—Massive On-Chain Moves Signal What’s Coming Trader Interest Climbs Around $0.19 Resistance According to market data, Open Interest jumped by 16% to reach over $2 billion. Options volume exploded by 400%. That kind of rise often points to big bets on upward swings. Right now, many eyes are on the $0.20 resistance level. If DOGE can close a daily candle above that line, it may clear the way toward $0.27. Dogecoin’s technical setup is drawing fresh looks from chart watchers. The Stochastic RSI crossed above 80, which can mark an overbought zone. Yet coins have stayed above overbought readings before when buyers kept pushing. Traders will want to see real volume behind any move above that descending trendline near $0.19. Without it, the rally may stall or give back gains. Whales Return With Spot Inflows Based on reports, Dogecoin saw a net inflow of $8.20 million into spot wallets. That marks a big shift after weeks of outflows. Large holders have been moving coins onto exchanges in the past, but now they’re pulling more in. In other cycles, fresh whale buys have lined up with mid‑term rallies. On‑chain metrics add another layer. Dogecoin’s MVRV Z‑score climbed back to 0.355 after hitting near‑historical lows late in June. That figure measures how much profit holders stand to make on average. A rising score hints that fewer holders are underwater, and that might draw in new buyers. Still, MVRV is backward‑looking. It can’t predict if price will break through key resistance. Network Activity Shows Mixed Signals Network stats tell a mixed story. Daily active addresses slid to 34 K, and transaction counts dropped to 15K as of July 3. That’s a sharp fall from the more than 500K addresses and transactions seen in the last week of June. Lower usage could sap the rally’s legs if retail traders don’t reengage soon. Related Reading: The Silent Bitcoin Accumulation: Public Companies’ Surprising H1 2025 Lead Even with these mixed signals, the mood toward Dogecoin is brighter than it was a week ago. Traders piling into options and hikes in Open Interest show speculative appetite is up. Large spot inflows show that whales have stepped back in. But network usage is lagging. If daily addresses and transactions don’t bounce back, bulls may find it harder to sustain the push. Featured image from Meta, chart from TradingView
Dogecoin is back in the spotlight this July as renewed market optimism, ETF chatter, and a wave of social media hype give the popular meme coin a fresh jolt of momentum. As Bitcoin edges toward new highs and altcoins follow suit, DOGE price has climbed steadily, capturing attention with its trademark blend of community power …
After weeks of choppy price action, meme coin PEPE is showing technical strength again. According to a crypto analyst’s recent chart shared on social media, the PEPE price has just pierced above a falling wedge pattern. This seems a potential bullish breakout that may set the stage for a new short-term rally. PEPE Gives Falling …
MOODENG, the hippo-themed meme coin on Solana, has surged 40% in the past 24 hours after South Korea’s largest crypto exchange, Upbit, announced its listing earlier today. The token soared 31% within just 20 minutes of the news, fueled by a sharp rise in trading volume and investor interest. MOODENG is now among the top …
Renewed community sentiments, whale accumulation patterns, and listing on centralized exchanges have fueled the recent rally in memecoins like BONK and NEIRO. This uptrend aligns with a broader market recovery from consolidation. Notably, both tokens have broken above their respective descending trendlines, signaling the potential beginning of a fresh bullish phase. Intrigued enough for potential …
Pepe price has surged over 5.55% in the past 24 hours, to emerge as one of today’s top crypto gainers and earn a spot on CoinMarketCap’s trending list. Backed by a massive 129% jump in 24-hour trading volume, this frog-themed meme coin has caught the attention of traders and whales alike. As market momentum builds, …
Dogecoin has spent the majority of the past five days trading within a tight range between $0.156 and $0.165. Notably, the meme coin is now showing early signs of stabilization after its steep correction earlier this month, with bulls beginning to reclaim ground after a drop below the $0.17 price barrier. Related Reading: The $100K Mirage: Bitcoin’s Rally Not Backed By On-Chain Strength Reclaiming the $0.17 level is important, according to technical analysis of Dogecoin’s price. This technical backdrop sets the stage for a projected price move to $0.21. TD Sequential Flashes Buy Signal For Dogecoin Dogecoin’s 3-day candlestick timeframe chart shows that the meme coin is currently trading just above an ascending trendline that dates back to late 2023, which has acted as a key support level across multiple correction cycles. Despite the recent volatility, the price structure appears to be ready for a possible bounce move from here due to the formation of less volatile candlesticks and higher lows just above the 0.5 Fibonacci retracement level around $0.165. Taking to the social media platform X, crypto analyst Ali Martinez revealed an interesting bullish signal taking place on the same 3-day candlestick timeframe. According to Martinez, Dogecoin has just triggered a buy signal on the 3-day TD Sequential indicator. This tool, which identifies trend exhaustion and possible reversals, has been quite useful in predicting buy and sell zones this cycle. However, the bullish outlook depends on Dogecoin reclaiming the $0.17 price level, which is now working as some sort of resistance. Martinez noted that a breakout above this price level could allow Dogecoin to rebound to $0.21. Notably, this $0.21 price target coincides with the 0.618 Fibonacci extension from Dogecoin’s October 2023 low. Image From X: @ali_charts Path To $0.21 Needs Enough Volume For Dogecoin to confirm a return to $0.21, market participation must return in a meaningful way. This is because Dogecoin’s trading volume has been notably low over the past few days. According to data from CoinMarketCap, Dogecoin’s 24-hour trading volume is currently at just $400 million, which is a 36.7% decrease from the previous day. This level of activity is significantly below Dogecoin’s usual trading volume during periods of upward momentum. Related Reading: Stablecoin Skepticism Grows As IMF Official Challenges Their Money Role Such a slowdown in volume suggests that, despite the bullish technical signal from the TD Sequential indicator, the necessary follow-through from buyers is yet to be confirmed. At the time of writing, Dogecoin is trading at $0.1637, up by 1.7% in the past 24 hours. Until volume picks up, Dogecoin may continue to consolidate or even drift sideways, regardless of the bullish indicators. Unless there’s strong interest and stronger inflows, the breakout setup could fizzle out or result in another rejection at $0.17. Featured image from Unsplash, chart from TradingView
PENGU, the Solana-based memecoin inspired by the Pudgy Penguins NFT brand, is seeing a dramatic price surge. Riding high on ETF optimism and explosive trading volume, PENGU has gained nearly 20% in the last 24 hours. As of writing, the price hovers around $0.01111, with market capitalization climbing to $699.85 million and 24-hour volume zooming …
Dogecoin just took an important step toward getting its own spot ETF. Bitwise, one of the biggest crypto asset managers, has updated its filing for a spot Dogecoin ETF. This fresh amendment is a good sign because it shows that Bitwise is actively working with the SEC to move the process forward. SEC Likely to …
US President Donald Trump’s namesake meme token has tumbled hard, slumping nearly 90% from its all-time high set six months ago. Related Reading: Double Win: Dogwifhat Jumps 24% Alongside Bitcoin’s $107K Push Today, TRUMP is trading at $8.80, down 6% in the last seven days. Traders are on edge after the project’s team yanked $4.4 million in USDC from liquidity pools and a single whale lined up a $2.5 million sell order. Team Pulls Millions From Liquidity According to a recent post on X by Lookonchain, the Trump Coin team withdrew $4.4 million worth of USDC and moved 347,438 TRUMP tokens—valued at $3.12 million—from the main liquidity pool into a fresh wallet. The #Trump Meme Team removed 4.4M $USDC and 347,438 $TRUMP($3.12M) in liquidity 6 hours ago. They then bridged 4.4M $USDC to #Ethereum and transferred 347,438 $TRUMP($3.12M) to a new wallet.https://t.co/ORSLE6vJiAhttps://t.co/SYyNae1nio pic.twitter.com/okTk1u0Ow9 — Lookonchain (@lookonchain) June 26, 2025 That move came without any heads-up or clear reason. Now, many investors worry that the team might be preparing to dump coins, which would add selling pressure to a coin already struggling with low demand. Whale Places Huge Sell Order Based on reports, a major wallet known as Kewh32 has put 275,672 TRUMP tokens on the market, roughly $2.5 million at current prices. This whale also sold 100,000 tokens earlier in June and still holds 369,400 coins. If those tokens ever hit exchanges, the added supply could push the price even lower. Price Pattern Offers Mixed Signal On the daily chart, TRUMP has traced out a falling wedge pattern. That setup often leads to a breakout, but only when buyers step in with strength. Here, trading volumes remain weak. The relative strength index (RSI) has sat below 50 for over a month, signaling that sellers are still in control. At the same time, the Awesome Oscillator just flipped green—albeit still below zero—which hints that bearish momentum may be fading. Related Reading: Bitcoin Paces $15 Billion YTD Influx Amid 10-Week Fund Flow Streak Investor Confidence Falters Many traders are watching the $8 to $9 range closely. A failure to hold above $8 could spell more losses and test deeper support. Right now, there’s no sign of a strong rally. Without fresh buying interest or positive news, the downtrend inside the wedge looks set to continue. It won’t take much to spark a short squeeze—maybe a burst of social media hype or a big buy from another whale. But trust in the token’s team is shaky after the recent liquidity pull. Until on-chain activity shows real demand, most market players expect more choppy trading and lower prices. Featured image from Unsplash, chart from TradingView
Dogecoin showed a sudden rebound this week, sparking fresh talk of a major rally in the weeks ahead. After dipping to $0.142 on Sunday, the meme coin has climbed back above $0.16. Related Reading: Bunker Buster: Ethereum Titans Stake $100 Million Amid US-Iran Hostilities According to market watchers, this bounce off long-term support could set the stage for a much bigger move, possibly as soon as July. Chart Pattern Points To Support Analysts have noted that Dogecoin’s slide to $0.142 fits neatly into a rising pattern of higher lows. Based on analysis, the dip hit a multi-year trendline that first showed up in October 2023. At that time, prices fell to a similar zone before reversing. Once Dogecoin found footing, it moved into an ascending channel, forming a steady string of higher highs and higher lows on the weekly chart. $DOGE $1 https://t.co/KgAc4sZ2LN — WIZZ???? ( beware scammers ) (@CryptoWizardd) June 24, 2025 July Could Be The Launchpad Meanwhile, crypto analyst WIZZ have predicted that Dogecoin’s next leg up could begin in July. If the current support holds, they argue, DOGE may pick up speed and push toward the wedge’s tip and hit $1. The analyst’s chart shows a potential rally to $1.40, which would mark a 740% jump from today’s levels and blow past the $1 mark that many have eyed for years. Multiple Forecasts Add Fuel To The Debate This isn’t the first time experts have set sights on $1 for Dogecoin. Galaxy Research put the $1 target on its radar before the end of 2025. Javon Marks, in his own analysis, sees DOGE breaching $1.25 by riding a bullish continuation pattern. Other analysts have called for a 500% surge after a falling-wedge breakout in March. $0.6533 for $DOGE with a high likeliness of a break above, bringing $1.25+ into play! (Dogecoin) https://t.co/ltCEos1E8w — JAVON⚡️MARKS (@JavonTM1) June 21, 2025 Short-Term Gains Vs. Long-Term Risks Dogecoin’s recent turn higher adds about 10% to its weekly lows, and it’s up roughly 5% over the last weekly session, trading near $0.166. But critics point out that DOGE lacks the fundamental backing of tokens that power major networks. Its price moves largely on community enthusiasm and hype. If Bitcoin or the broader crypto market cools off, Dogecoin could see sharper drops than more established assets. Related Reading: Double Win: Dogwifhat Jumps 24% Alongside Bitcoin’s $107K Push What Traders Should Keep In Mind For those thinking of jumping in, this setup is a double-edged sword. A 500% move in one month would be historic—even by meme-coin standards. But that kind of rally demands perfect market conditions and lots of buying momentum. If support breaks again, losses could come just as fast. Traders who choose to play this rebound may want to set clear profit targets and tight stops. Featured image from Unsplash, chart from TradingView
Bitwise Asset Management filed amended S-1 registration statements with the United States Securities and Exchange Commission (SEC) for its proposed spot Dogecoin ETF and Spot Aptos ETF. The amended S-1 filing follows the June 12, 2025 delay from the U.S. SEC on the spot Dogecoin ETF, whereby the agency cited market risks and investor protection …
The crypto market today has been trading sideways, lacking a clear trend direction as major assets struggle to build momentum. Dogecoin, too, has mirrored this consolidation phase. Despite a modest 0.19% dip in the last 24 hours and a 3.95% drop over the week, DOGE has shown signs of resilience. After rebounding from a low …
The Cboe BZX exchange has filed Form 19b-4 with the United States Securities and Exchange Commission (SEC) seeking to list and trade shares of the Canary PENGU ETF. The filing of Form 19b-4 follows the filing of Form S-1 by Canary Capital to offer a spot ETF for the Solana (SOL) memecoin dubbed Pudgy Penguins …
DOG (Bitcoin), the first memecoin built directly on Bitcoin’s network using the new Runes protocol, is making headlines with a price surge. In the past 24 hours, DOG token became the top performer among the top 300 cryptocurrencies on CoinGecko. As of now, it remains one of the day’s biggest gainers, up 11% and trading …
Shiba Inu tumbled to an intraday bottom of $0.000010 on Sunday, marking its weakest point in 16 months. According to market analyst Tom Tucker, that low could set the stage for a sharp turnaround. Related Reading: Stablecoin Wars Ignite: Peter Schiff Champions Gold-Backed Digital Assets The meme coin has slipped 14% since June began and is off 37% from its May high of $0.00001764. Big holders are growing cautious too, with whale wallets down about 80% and open interest in Shiba Inu futures falling to $123 million—a level last seen in early April. Double Bottom Pattern Offers Hope Based on reports from Tucker’s June 22 chart examination, the meme coin appears to be forming a classic double bottom on its daily price graph. That pattern often signals that a sell-off has run its course. SHIB first bounced off roughly $0.00001028 on April 7, climbing 70% to reach $0.00001765 by May 12. Now that the coin has revisited that support zone at around $0.00001030, traders will be watching closely to see if history repeats itself. $SHIB crashed 7.5% to $0.000011 as geopolitical tensions spooked markets. Down 38% from May highs, with whale holdings -80% and futures OI at a 1-month low. TA shows deep oversold levels, but a double-bottom near $0.00001030 could spark a 62% rebound if support holds.#SHIB pic.twitter.com/uEo3ebjxXD — Tom Tucker (@WhatzTheTicker) June 22, 2025 Support Zone Holds Crucial Key According to Tucker, Shiba Inu needs to stay above $0.000010 to confirm the double bottom. The token has already climbed 7.7% from Sunday’s trough to trade around $0.00001081 today. If the support holds firm, he predicts a 62% rally that would lift SHIB to about $0.00001752—practically matching last month’s peak. Whales Exit As Risk Appetite Fades The most recent decline in major holder balances suggests that there could be a shift in market sentiment among Shiba Inu biggest fan base. Whale positions have been 80% lower from its May high, and the decline in open interest hints that leveraged speculators are not taking as much risk. Those moves suggest caution is likely to persist until the buyers return en masse. Shiba Inu Team Urges Patience Meanwhile, the Shiba Inu ecosystem’s marketing lead, Lucie, has asked the community to stay calm. Based on statements from the team, the rally to $0.01 is still the long-term goal, but reaching that milestone means to not “panic” and stay resilient. Panic is not an option. If we haven’t won yet, it’s because it’s not over. — ???????????????????? (@LucieSHIB) June 22, 2025 Related Reading: Bitcoin Wobbles? Metaplanet Buys Big, Breaks $1 Billion Mark Lucie reminded supporters that market swings are part of the journey and that holding through downturns could pay off down the line. Investors seeking a clear entry point might find the present price action appealing. If SHIB manages to hold above that $0.000010 support, a rapid recovery is in the cards. But if the coin goes below that line, the next move down might take it to even lower levels. Traders should be observing volume, whale actions, and the larger crypto market sentiment before making their next move. Featured image from Imagen, chart from TradingView
The crypto market is down 3% today, bringing the total market cap to $3 trillion. Bitcoin has dropped to $103,000, down 1.1%. Major altcoins like Ethereum, Solana, and XRP are also down by up to 3%, while memecoins such as Dogecoin, Litecoin, and others continue to slide. Top analyst Crypto Capo had recently issued a …