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The post SHIB Breakout Alert! Can Shiba Inu Rally 45% to $0.000020? appeared first on Coinpedia Fintech News

Shiba Inu (SHIB), the popular dog-themed meme coin, is making waves with its recent price momentum following the formation of a bullish price action pattern on the daily time frame. The past few days have been favorable for the meme coin, as it has broken out from a descending trendline that acted as a resistance level and further confirmed a breakout from a bullish inverted head and shoulders pattern.

SHIB Technical Analysis and Upcoming Levels

Following the breakout, SHIB turned bullish, partially shifting its market sentiment from a downtrend to an uptrend. According to CoinPedia’s technical analysis, if Shiba Inu’s price continues to rise and closes a daily candle above the $0.0000138 level, there is a strong possibility that the meme coin could surge by 45% to reach the $0.000020 level in the future.

Despite this positive development, Shiba Inu remains below the 200 Exponential Moving Average (EMA) on the daily time frame, keeping the meme coin in a downtrend.

As of now, SHIB’s Relative Strength Index (RSI) stands at 55, indicating strong momentum for the meme coin and suggesting that it has enough room to rise significantly.

Shiba Inu (SHIB) Current Price Momentum

At press time, SHIB is trading near $0.0000139, registering a price surge of over 2% in the past 24 hours. Meanwhile, the meme coin’s trading volume has increased by 6% during the same period, indicating heightened participation from traders and investors compared to the previous day.

Key Liquidation Levels

With this bullish price action, intraday traders appear to be strongly betting on the long side, as reported by the on-chain analytics firm Coinglass.

Data reveals that traders are currently over-leveraged at $0.0000132 on the lower side and $0.00001413 on the upper side, having built $1 million in long positions and $270.50K in short positions.

Additionally, this over-leveraged level suggests that bulls are currently dominating the asset and could support the meme coin in its upcoming rally.

The post PancakeSwap (CAKE) Surges 56% as Whale Activity Explodes, 45% Rally Ahead? appeared first on Coinpedia Fintech News

In the current market uncertainty, whale interest appears to have shifted to CAKE, the native token of PancakeSwap. Recently, data from the on-chain analytics firm Santiment reported that PancakeSwap leads all assets in whale activity, having skyrocketed over the past week.

Whale Activity in CAKE Surges 440%

The report revealed that the percentage change in transactions made by whale wallets holding over $100,000 worth of CAKE increased by 439.71% over the past week, followed by HEX and Mantle (MNT), which recorded jumps of 275% and 144.44%, respectively, during the same period.

Source: Santiment

However, this massive whale activity might be the reason behind CAKE’s 56% upside momentum in the past week, while major assets like Bitcoin (BTC), Ethereum (ETH), and XRP struggled to gain traction. Besides this strong rally, CAKE appears to be following a similar pattern.

Current Price Momentum

On March 22, 2025, the asset surged over 4.5% in the past 24 hours and is currently trading near $2.70. During the same period, its trading volume increased by 15%, indicating higher participation from investors and traders compared to the previous day.

With the massive price surge in recent days, CAKE has reached a crucial resistance level with a strong history of price reversals. In other words, this level has previously acted as a significant selling pressure zone.

Pancakeswap (CAKE) Technical Analysis and Upcoming Levels

According to expert technical analysis, CAKE has reached a strong resistance level at $3 and has been consolidating near this level for the past three days. Based on recent price action and historical momentum, if CAKE breaches this resistance and closes a daily candle above $3.05, there is a strong possibility that the asset could soar by 45% to reach $4.30 in the coming days.

Source: Trading View

On the other hand, if it fails to break the resistance, the asset could repeat its historical pattern and experience a price decline. Additionally, CAKE is now trading above the 200 Exponential Moving Average (EMA) on the daily timeframe, indicating that the asset is in an uptrend.

Cardano (ADA) experienced a dramatic price surge in early March 2025 following former President Donald Trump’s announcement of a U.S. Crypto Strategic Reserve. This initiative, revealed on Truth Social on March 2, named Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA) as part of the government-backed reserve. The move ignited widespread market enthusiasm, driving ADA’s price to skyrocket by over 70% within 24 hours.
ADA, trading at around $0.95 before the announcement, swiftly broke the $1 barrier, peaking between $1.10 and $1.139 on March 3. However, profit-taking led to a sharp correction, pulling the price down to $0.79 by March 4. Despite this, renewed investor interest saw ADA rebound to approximately $0.93 by March 5, showing resilience amid broader crypto market volatility.
Trump’s endorsement of digital assets aligns with his broader vision of making the U.S. the Crypto Capital of the World, contrasting sharply with the regulatory stance of the previous administration. Market analysts suggest ADA could retest the $1.20 mark if bullish momentum continues, particularly ahead of the March 7 White House Crypto Summit.
While speculation fueled initial price swings, growing whale accumulation and increasing adoption signal long-term potential for ADA. With Trump’s crypto-friendly stance gaining traction, Cardano’s future looks increasingly promising”albeit with the usual volatility expected in the crypto space.

$ADA $XRP $SOL #TrumpCongressSpeech #MarketRebound #USCryptoReserve #WhiteHouseCryptoSummit

Date: Sun, February 23, 2025 | 10:42 AM GMT
In the cryptocurrency market this week, major altcoins are showing signs of recovery after facing a significant correction over the past 60 days. Bitcoin dominance has cooled down to 60.77% from a weekly high of 61.52%, creating room for altcoins to regain lost ground.
Among the impacted altcoins, VeChain (VET) and IOTA (IOTA) have corrected over 30% in the last two months. Both assets are now testing key support levels, and technical indicators suggest a possible reversal could be in play.

Source: Coinmarketcap
VeChain (VET)
The daily chart for VET shows that the price has been consolidating within a falling wedge pattern since its rejection at the $0.079 resistance on December 3, 2024. This rejection led to an extended correction, with prices moving toward the lower trendline of the wedge.

VeChain (VET) 1D Chart/Coinsprobe (Source: Tradingview)
Currently, $VET is testing a critical support zone at $0.030-$0.035, along with the 200-day moving average (200MA), which has historically acted as a strong demand area. The falling wedge pattern suggests a potential bullish breakout if buyers step in at this level.
The MACD indicator is showing early signs of momentum shifting, which could signal a reversal. If VET manages to bounce from the support and break above the falling wedge resistance, the next key level to watch is the 50-day simple moving average (SMA). A breakout from this zone could trigger a move toward $0.044 and beyond. However, if the support fails to hold, further downside pressure could push prices lower.
IOTA (IOTA)
Similar to VET, IOTA is also trading within a falling wedge pattern, following a correction that started on December 4, 2024, after rejection at the $0.063 resistance level. Since then, IOTA has been in a prolonged downtrend, but it is now testing a crucial support zone at $0.019-$0.023.

IOTA (IOTA) 1D Chart/Coinsprobe (Source: Tradingview)
$IOTA is currently hovering above its 200MA, a key technical support level that could act as a bottom for the price. The MACD indicator is showing early signs of bullish divergence, which suggests that selling pressure might be weakening.
If IOTA bounces from this level and breaks above the wedge resistance, a retest of the 50MA could lead to a push toward the next resistance levels at $0.029 and $0.042. On the other hand, failure to hold the support level could see IOTA extend losses further.
Final Thoughts
Both VET and IOTA are at crucial support levels, making the next few trading sessions critical. If these levels hold, a short-term recovery rally and breakout are possible. A breakout above the falling wedge resistance, supported by increasing volume and a bullish MACD crossover, could signal a reversal and trigger an upside move. However, if sellers maintain control, both assets risk further downside before finding a stronger support base.
Traders should closely monitor these key levels and wait for confirmation signals before making any moves in the market.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.