Altcoin
Shiba Inu Price Jumps Amid Massive 535M SHIB Token Burn, 20% Gains Ahead?

Shiba Inu price garnered significant investor attention on Saturday, surging against the backdrop of a weekly SHIB burn saga. The latest burn metrics by the coin’s community indicated a staggering 535 million tokens destroyed in the past 7 days. As an upshot, traders and investors eye looming price gains, whilst a renowned market analyst further highlights the potential for a 22% rally soon.
Shiba Inu Price Bullish As 535M Tokens Burnt Weekly
SHIB coin’s price today gained over 2% intraday and closed in at $0.00001276. The meme coin bottomed and peaked at $0.00001244 and $0.0000129, respectively. For context, the rising price trajectory aligns with the massive blow to the supply brought by a phenomenal weekly burn chronicle.
According to the data from Shibburn on X, 535.85 million SHIB tokens were burnt over the past seven days, resulting in a 415% upswing in the weekly burn rate. With this massive burn weighing in, a staggering 410.49 trillion coins have been burnt to date in total.
For context, the burn mechanism deals a massive blow to the meme coin’s market supply by sending tokens to a null address. Therefore, crypto market traders and investors anticipate a bolstered effect on Shiba Inu price amid reduced supply, mirroring the law of supply and demand.
Intraday Burn
Meanwhile, the intraday burn data indicated that 5.11 million coins were destroyed in the past 24 hours. The constant burns further fuel market optimism surrounding the crypto’s long-term price prospects.
Notably, a total of 999.99 trillion SHIB tokens were created, of which roughly 410 trillion have been destroyed to date. Yet, market watchers eagerly await phenomenal returns as the current bull cycle halted amid macro heat.
Can SHIB Price Gain 22%?
Nevertheless, with the broader crypto market showing a recovery trend this weekend, investors remain optimistic about future movements. As mentioned above, Shiba Inu’s price entered the green zone leveraging its burn rate surge today.
In the midst of this optimism, a crypto market analyst took to X, revealing crucial price statistics. As per analyst ‘Rose Premium Signals,’ SHIB recently challenged the upper resistance of a falling wedge pattern on the 4H chart, marking a crucial move.


In the wake of this trajectory, if the price manages to break out above the MA 50, a bullish momentum can be confirmed. The analyst spotlights the next price targets at $0.00001375, $0.00001485, and $0.00001565, which is up nearly 22% from the current level.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Altcoin
Dogecoin Price Registers Deviation From Macro Channel, Analyst Sets $6 Target


Dogecoin has faced continued selling pressure, losing the $0.17 support level in the past 24 hours. This price decline comes amid broader market decline, which has seen the meme coin also struggling to regain momentum. Despite this setback, a new technical analysis from Trader Tardigrade shows that DOGE remains within a historically significant macro channel. If the price holds within this range, it could indicate that the bottom has already formed, setting the stage for a significant breakout in the coming months.
Dogecoin’s Price Action And The Macro Channel
According to a detailed technical analysis of Dogecoin’s price action on the monthly candlestick timeframe, shared on social media platform X by crypto analyst Trader Tardigrade, Dogecoin has maintained a well-defined uptrend macro channel that has shaped its long-term price trajectory since its inception. However, the analyst pointed out that there have been instances where the meme coin briefly deviated above or below the upper and lower boundaries of this macro channel before reverting back inside.
The current price action of steady declines since January has seen DOGE now testing the lower trendline level within this macro structure. The question is now whether Dogecoin can rebound from the lower trendline without a deviation or whether it deviates again and trades below the trendline for a few months.

As highlighted by Trader Tardigrade, should DOGE remain within the macro channel without breaking below the lower trendline, it would indicate that the cryptocurrency has already reached its bottom. This scenario mirrors a similar pattern observed in 2017, when Dogecoin’s price respected the lower boundary without deviation. This, in turn, caused a strong rebound and sustained uptrend in the months that followed.
However, past price behavior from 2020 suggests that a deviation remains a possibility, meaning DOGE could temporarily fall below this trendline and spend the next few months trading beneath it. At the time of writing, this lower trendline is positioned around $0.15.
DOGE $6 Price Target And How To Get There
Despite the recent weakness in Dogecoin’s buying pressure, Trader Tardigrade is optimistic about Dogecoin’s long-term trajectory. Notably, the analyst projected a possible Dogecoin price surge toward $6. This ambitious price target hinges on the meme coin maintaining its macro structure without deviating and repeating the previous 2017 growth.
At the time of writing, Dogecoin is trading at $0.1687 after slipping below the crucial $0.17 support level in the past 24 hours. The loss of this support has intensified bearish sentiment, and there’s now a better likelihood of further downside movement in the short term.
Technical indicators suggest that Dogecoin still has room to decline before finding solid footing, and $0.15 is now the next important level to watch. A confluence of factors, including technical indicators such as the Relative Strength Index (RSI), could be pivotal in determining when DOGE might reach oversold levels and bottom out at $0.15.
Featured image from Unsplash, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
Altcoin
Dogecoin Price Primed for Rally to $6 As DOGE Active Addresses Jump 400%

Dogecoin price has bounced back from its crucial support levels at $0.16, trading 2.54% up, and moving back to its weekly resistance of $0.175. On-chain data also shows that the DOGE address activity has surged by 400% amid strong investor sentiment. Some market analysts believe that the gates for a parabolic rally in Dogecoin are still open.
Dogecoin Price to See A Parabolic Rally to $6?
Crypto market analysts are hopeful of a Dogecoin price rally all the way to $6 as the bulls take charge, bouncing back from the support of $6. Popular crypto analyst Ali Martinez displays Dogecoin’s price movement on a weekly timeframe from 2015 through early 2025.


The technical analysis shows DOGE trading within a long-term logarithmic upward channel defined by parallel trend lines. As we can see from the above image, as long as DOGE holds above the crucial support levels, it can rally further all the way to $6 and beyond.
DOGE Active Addresses Surge 400%
Citing on-chain data from Santiment, crypto analyst Ali Martinez highlighted a major spike in Dogecoin (DOGE) network activity. According to the report, active Dogecoin addresses have surged by 400%, reaching nearly 395,000. This significant uptick in activity underscores growing interest in the popular meme coin.


Furthermore, analyst Ali Martinez also pointed out the Stochastic RSI crossover for the Dogecoin price, referring to it as the starting point of the new bullish phase. A bullish crossover in the Stochastic RSI on Dogecoin’s weekly chart could signal a potential sharp rally, based on historical trends. Previous instances of this crossover have led to significant price surges, with gains of 88%, 187%, and even 444%.


Short Term Target for DOGE
While the expectations of a parabolic Dogecoin price rally to $6 could be far-fetched for now, it is still aiming for 200-300% gains from here onwards. Prominent crypto analyst Marzell has highlighted a critical support level for Dogecoin (DOGE) in recent technical analysis. According to the analyst, maintaining the $0.14750 level is crucial for a bullish breakout scenario.
Furthermore, the analyst added that DOGE is showing promising signs of a breakout from its current falling wedge pattern. If the support holds firm, the analyst predicts a strong rally, potentially pushing DOGE prices toward the $0.46 to $0.65 range.


An increase in the DOGE user engagement could provide the meme coin the necessary momentum needed to overcome resistance levels and initiate a bullish trend.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Altcoin
US SEC Remains Silent on XRP, SOL, & ADA Roles, Clarifies John Deaton

Amid speculation about the future of XRP, SOL, and ADA in the US, reports suggest that the US SEC has released details about their potential roles under President Donald Trump. However, XRP lawyer John Deaton set the record straight, stating that the regulator hasn’t shared any such information.
Did US SEC Release Details on Crypto Roles? John Deaton Weighs In
According to recent reports, the US Securities and Exchange Commission (SEC) has released details on the potential roles of altcoins such as XRP, SOL, and ADA within the government. Reportedly, XRP is recognized as suitable for state-level financial transactions. Its primary goal is to optimize government payments and enhance interbank liquidity.
Meanwhile, ADA is deemed ideal for academic credentialing, smart contracts for government services, and secure infrastructure management. At the same time, SOL may be used for high-speed blockchain applications. These includes real-time government databases, secure voting mechanisms, and digital identity management.
However, XRP lawyer John Deaton dismissed these rumors asserting that the SEC still remains silent on the potential roles of these assets under the Trump government. He stated, “The SEC did not release any such thing.”
US SEC Acknowledges XRP as a Strategic Financial Asset
Reportedly, the US SEC acknowledged XRP as a strategic financial asset. The official website of the US SEC published a document entitled “Comprehensive Proposal: XRP as a Strategic Financial Asset for the US,” which explained how XRP is poised to play a pivotal role in the US financial landscape. The regulator also proposed the potential roles of other cryptocurrencies too. The document read,
Solana and Cardano should be integrated into U.S. digital infrastructure but not included in the reserve strategy. Instead, they enhance efficiency and security for state applications, while XRP remains the key asset for financial transactions.
While some claim this as the SEC’s clarification on the potential roles of these assets in the US government, John Deaton denies it. He has disputed the claim, stating that the regulator has not released any such clarification. This denial has sparked confusion and debate among crypto enthusiasts, highlighting the need for official confirmation from the US SEC.
This comes following John Deaton’s recent endorsement of Bitcoin amid the BTC vs XRP war. He highlighted Bitcoin’s potential, pointing out the significance of holding BTC in one’s portfolio.
Community Seeks Clarity on SEC Proposal, Appreciates John Deaton
Notably, John Deaton’s post gained widespread attention as it provides clarity to the prevailing rumors about the SEC’s clarifications on XRP, SOL, and ADA. This development comes on the heels of Trump’s decision to include these altcoins, along with Bitcoin, into the US reserve.
Many remain concerned about the circulating misinformation. Meanwhile, XRP lawyer Bill Morgan reinforced Deaton’s claim stating, “Where does it come from. Endless false information.”
Following John Deaton’s clarification, the community acknowledged that the document on the SEC’s website is merely a proposal submitted by someone. They believe that it might not be authored by the SEC itself. This development highlights the importance of verifying information through reputable sources to avoid spreading misinformation.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
-
Market23 hours ago
Bitcoin ETF investors hold strong despite a 25% BTC price drop: Here’s why
-
Altcoin19 hours ago
Analyst Predicts XRP Price To Reach $15, Here’s Why
-
Altcoin22 hours ago
Dogecoin Price Nears Key Support as Analysts Predict Rally To $20
-
Altcoin20 hours ago
Solana Price Could Hit $3,800 if This Bullish Pattern Plays Out
-
Bitcoin14 hours ago
Cathie Wood’s Ark Invest Drops $80 Million On BTC—Bullish Signal?
-
Ethereum13 hours ago
Ethereum Consolidates Since ‘The Big Dump’ – Local Trend Reversal Or Continuation?
-
Altcoin21 hours ago
Can Pi Coin Price Hit A New ATH As Pi Network Celebrates Pi Day?
-
Ethereum17 hours ago
Ethereum Could Be Mirroring Bitcoin’s 2018-2021 Cycle Amid Record Selling
✓ Share: