{"id":23775,"date":"2025-04-26T12:40:36","date_gmt":"2025-04-26T12:40:36","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=23775"},"modified":"2025-04-26T12:40:36","modified_gmt":"2025-04-26T12:40:36","slug":"shiba-inu-breaks-free-from-downtrend-as-bitcoin-eyes-100k-dogecoin-sees-accumulation-around-18-cents-2","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=23775","title":{"rendered":"Shiba Inu Breaks Free From Downtrend as Bitcoin Eyes $100K, Dogecoin Sees Accumulation Around 18 Cents"},"content":{"rendered":"
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Bitcoin’s (BTC) recent uptrend has likely set the stage for a six-figure price mark, catalyzing increased trading activity in the memecoin sector, where DOGE and SHIB are seeing bullish activity.<\/p>\n

BTC, the leading cryptocurrency by market value, briefly topped $95,000 soon before press time, the highest since March 2, CoinDesk data show. The move comes three days after prices crossed above<\/a> the Ichimoku cloud momentum indicator, signaling a bullish shift in the market trend.<\/p>\n

\"BTC's<\/p>\n

Supporting the constructive outlook are the consecutive daily candles with long tails (marked by box), suggestive of buy the dip mentality, and the upward-sloping five- and 10-day simple moving averages (SMA). Additionally, the daily chart MACD histogram prints higher bars above the zero line to suggest strengthening upward momentum.<\/p>\n

In other words, the path of least resistance is likely on the higher side, hinting at a continued move higher to $100,000, which is also the most popular call option strike on Deribit. The bullish outlook risks negation below $88,800, the former resistance-turned-support.<\/p>\n

AI’s take on SHIB and DOGE<\/h4>\n

Amid this bullish backdrop for bitcoin, the CoinDesk AI market insight bot has identified a breakout in SHIB, the world’s second-largest meme coin, suggesting increased risk-taking in the broader crypto market.<\/p>\n

“Bitcoin’s rise above $92K has triggered increased memecoin trading, with SHIB breaking out of a year-to-date falling channel and showing bullish technical indicators, ” the bot said. “SHIB has demonstrated exceptional volatility with a 15.6% price fluctuation, establishing strong support at 0.00001225 after bottoming on April 21.”<\/p>\n

\"SHIB's<\/p>\n

The chart shows that SHIB has topped the trendline, characterizing the year-to-date downtrend and is looking to establish a foothold above the Ichimoku cloud, following BTC’s lead. That would confirm the trend reversal higher.<\/p>\n

Meanwhile, DOGE, the world’s leading cryptocurrency by market value, could soon follow suit, with the AI bot pointing to investor accumulation at around 18 cents.<\/p>\n

“Recent price action shows consolidation above 0.180 with decreasing volatility, suggesting accumulation before [bullish] continuation,” the bot said.<\/p>\n

DOGE has risen over 35% since probing lows under 13 cents on April 7.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin’s (BTC) recent uptrend has likely set the stage for a six-figure price mark, catalyzing increased trading activity in the memecoin sector, where DOGE and SHIB are seeing bullish activity. BTC, the leading cryptocurrency by market value, briefly topped $95,000 soon before press time, the highest since March 2, CoinDesk data show. The move comes […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-23775","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/23775","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23775"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/23775\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}