SHIB April Gain Minted Millionaires, Breakout Eyed in May
By: bitcoin ethereum news|2025/05/02 23:30:02
0
Share
Shiba Inu ends April with 7% gain, breaking past $0.000012 and testing $0.00001343 Technical patterns suggest SHIB may target $0.000017 with 26% potential upside ahead Analysts eye bullish breakout, forecasting SHIB surge toward $0.00008000 if confirmed Shiba Inu (SHIB) closed April 2025 with notable progress, creating a wave of new millionaires. Although the broader crypto market stole the spotlight with a 10.31% surge, Shiba Inu managed to hold its ground. The token posted a respectable 7% monthly gain, climbing past the $0.000012 barrier and briefly testing $0.00001343. This performance came as Bitcoin surged toward the $95,000 mark, helping boost investor confidence across altcoins. Falling Wedge Breakout Fuels Optimism SHIB’s recent price action has caught the eye of several technical analysts. One trader, SHIB KNIGHT, highlighted a falling wedge pattern on the SHIB/USDT chart. This setup usually indicates a reversal after a prolonged downtrend. The wedge pattern shows SHIB’s price tightening within downward-sloping trend lines, suggesting a breakout is near. When SHIB KNIGHT did the analysis, SHIB was trading around $0.00001335, brushing against the breakout level. If the move is confirmed, SHIB could target $0.000017. That would represent a 26% gain from current levels. Support levels traders are watching sit around $0.00001320 and $0.00001279. Key resistance levels lie near $0.00001494 and $0.00001574. Related: Shiba Inu Analysts Target $0.0000236 After 280 Million Tokens Burned Descending Triangle Points to Reversal Another analyst, Market Spotter, also sees bullish signs shaping up. According to their review, SHIB appears ready to break out of its long-term consolidation phase. The token has formed a descending triangle, with strong horizontal support around $0.00001050. Descending resistance remains near $0.00002500. #SHIB READY FOR A BREAKOUT! CHART SHOWS A POTENTIAL TREND REVERSAL WITH A STRONG UPSIDE MOVE COMING. WATCH FOR A BREAK ABOVE RESISTANCE TO CONFIRM BULLISH MOMENTUM! https://t.co/LwHOBPfwh6 — Market Spotter (@MarketSpotter) April 29, 2025 SHIB’s price making higher lows lately backs up the idea of a bullish trend change. A successful breakout above the triangle’s upper line could set SHIB on a trajectory toward $0.00008000. This would be a significant recovery for long-term holders. Related: Shiba Inu (SHIB) Price Prediction May 2025: Will SHIB Breakout or Stay Range-Bound? Market Activity Shows Building Interest SHIB’s market cap is still a solid $7.91 billion, even after a 5.01% dip over the past week. Coinglass derivatives volume slipped by 5.09% to $116.78 million, yet open interest rose slightly to $179.49 million. This mix of lower volume and higher open interest often suggests traders are positioning for a significant price movement. 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. Source: https://coinedition.com/shib-april-millionaires-breakout/
You may also like
Why is a16z Crypto raising another $2.2 billion to heavily invest in Web3?
This round of funding bets on the transition of cryptocurrency from the infrastructure development phase to the phase of real user adoption. Whether focusing on cryptocurrency or crossing over to AI, this real money will only flow to those places that can turn technology into products.
Polymarket Underlying Algorithm Explained
It may be the only article on Twitter that clearly explains all the underlying design of Polymarket in plain language.
What do projects born in the crypto bear market do?
From January to April, RootData has recorded over 1,070 new projects, a decrease of about 32% compared to the same period last year.
a16z founder's Stanford lecture: Whenever Wall Street and Silicon Valley have different ideas, it's Wall Street that ends up being wrong
Ben Horowitz, co-founder of a16z, delivered a powerful talk: The two traditional moats of software in the AI era have been erased, and entrepreneurs must seek "new barriers" beyond code and UI.
Michael Saylor: After three consecutive quarters of losses, Strategy will sell Bitcoin to pay dividends
After MSTR's financial report showed continued net losses, Saylor changed his stance: Bitcoin is no longer "never to be sold" and can be used as a payment tool.
The toll station at Hormuz and the RMB that cannot be bought
The disorder of the US dollar is giving rise to a new situation in global settlement: gold is being redefined as a "bridge," the CIPS system is expanding rapidly, and global funds are quietly opening up a new channel for the renminbi, which is "hard to obtain."
Interview with Coinbase Institutional's Strategic Head: The Institutionalization of Crypto Reaches a Critical Point
Coinbase executives provide an in-depth analysis: Unfazed by short-term market panic, institutions are accelerating their entry, and tokenization along with the "exchange of everything" is about to completely reconstruct the global financial infrastructure.
Dialogue with Agora CEO Nick: The battle for stablecoin licenses has just begun
Agora strikes: officially applies for a federal trust bank license in the United States, elevating from a stablecoin issuer to "underlying financial infrastructure," targeting the trillion-dollar enterprise payment and B2B settlement market.
Morning Report | a16z Crypto completes $2.2 billion fundraising for its fifth fund; Bullish invests $4.2 billion to acquire share transfer agency Equiniti; PayPal's Q1 performance exceeds expectations
Overview of Important Market Events on May 5th
a16z Crypto: What We See Behind the $2.2 Billion New Fund
After the noise subsides, what remains is often more useful than it appeared at its peak and more enduring than it seemed at its lowest point.
Web3 is dead, Web2+3 should rise
We are not aiming to hold a self-indulgent party for Web3 practitioners, but rather to build a bridge for rational connection between Web2 and Web3.
Stablecoins and Latin American Remittances: The Misunderstood $174 Billion Market
In the Latin American remittance market, the real protagonists have never been the young people speculating on cryptocurrencies, but rather the 50-year-old workers who send money to their mothers every month. They don't care about blockchain; they only care about whether the money has arrived.
The arrival of the Web 3.0 era: A review of Hong Kong court rulings on digital assets
Hong Kong judiciary landmark: The court officially recognizes cryptocurrency as legal property and introduces the "tokenized injunction" to track and freeze involved funds, comprehensively upgrading the protection of digital asset investors.
Track Markets At a Glance: New WEEX Price Widgets for iOS & Android
To streamline your market data access, WEEX has officially launched "Market Watchlist" desktop widgets
The billion-dollar lesson: The focus of DeFi security is shifting from code to operational governance
Warning of nearly $1 billion loss in DeFi: Security pain points have shifted from code vulnerabilities to permissions and operations. Introducing TradFi bank-level risk control and AI defenses is the way to balance openness and security.
A Brief Analysis of Stablecoin Licenses and On-Chain Funding
Hong Kong accelerates the layout of digital finance, providing a panoramic analysis of the evolution of three major on-chain financial forms: central bank digital currency, deposit tokens, and stablecoins, along with future opportunities.
BVNK Founder: Three Stages of Stablecoin Development
Once payments become faster, cheaper, and globally interconnected, stablecoins will not just open up a new market, but a new realm with boundaries that are not yet visible today.
The truth about Trump's son's Bitcoin game: he made a staggering $100 million while retail investors lost $500 million
The Trump family has a family skill: to exaggerate and make something sound bigger than it actually is.
Why is a16z Crypto raising another $2.2 billion to heavily invest in Web3?
This round of funding bets on the transition of cryptocurrency from the infrastructure development phase to the phase of real user adoption. Whether focusing on cryptocurrency or crossing over to AI, this real money will only flow to those places that can turn technology into products.
Polymarket Underlying Algorithm Explained
It may be the only article on Twitter that clearly explains all the underlying design of Polymarket in plain language.
What do projects born in the crypto bear market do?
From January to April, RootData has recorded over 1,070 new projects, a decrease of about 32% compared to the same period last year.
a16z founder's Stanford lecture: Whenever Wall Street and Silicon Valley have different ideas, it's Wall Street that ends up being wrong
Ben Horowitz, co-founder of a16z, delivered a powerful talk: The two traditional moats of software in the AI era have been erased, and entrepreneurs must seek "new barriers" beyond code and UI.
Michael Saylor: After three consecutive quarters of losses, Strategy will sell Bitcoin to pay dividends
After MSTR's financial report showed continued net losses, Saylor changed his stance: Bitcoin is no longer "never to be sold" and can be used as a payment tool.
The toll station at Hormuz and the RMB that cannot be bought
The disorder of the US dollar is giving rise to a new situation in global settlement: gold is being redefined as a "bridge," the CIPS system is expanding rapidly, and global funds are quietly opening up a new channel for the renminbi, which is "hard to obtain."
Popular coins
Latest Crypto News
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
