The Shiba Inu price has rebounded towards $0.00003, which has put most of the SHIB holders back in the green. This is significant, considering how it could set Shiba Inu on a path to higher prices.  Most SHIB Holders In The Green As Shiba Inu Price Rebounds IntoTheBlock data shows that most SHIB holders are in the green as the Shiba Inu price rebounds towards $0.00003. 69% of these SHIB holders are now in the money, while 24% are out of the money, and 6% are currently in the money. This could be bullish for the Shiba Inu price, considering that holders are less likely to sell when they are in the money.  Related Reading: XRP Price Prediction: Last Phase Of ABC Wave Points To A Bounce To New ATH At $5.85 This could reduce the selling pressure on SHIB and sustain the Shiba Inu price recovery. The meme coin has recovered towards $0.00003. The ‘In the Money’ metric shows that the next significant resistance level that Shiba Inu needs to break above is $0.000033. 130,620 wallet addresses bought 15.06 trillion SHIB tokens around this level.  However, on-chain metrics still paint a bearish picture for Shiba Inu, which is undoubtedly concerning. IntoTheBlock data shows that the ‘Concentration’ metric is in the red, indicating that SHIB whales currently have a bearish sentiment towards the meme coin and are opting against accumulating more coins.  This large transaction metric is also bearish at the moment as Shiba Inu whales are opting against accumulating more coins. The net network growth also paints a bearish picture for the Shiba Inu price, as there is currently a low influx of new addresses buying the meme coin.  The Shiba Inu burn rate has also remained inconsistent, further presenting a bearish outlook for the Shiba Inu price. Shibburn data shows that the burn rate is down over 79% in the last 24 hours, with three million coins burned during this period.  From A Technical Analysis Perspective  Crypto analyst Javon Marks has provided a bullish outlook for Shiba Inu from a technical analysis perspective. In an X post, he stated that Shiba Inu recently confirmed another bullish pattern, which could lead to a continuation of its upward trend. The analyst added that another major upside move could be in play for SHIB, with the meme coin possibly rallying to $0.00081 or even higher.  Related Reading: Weekly Bull Flag Appears On XRP Price Chart, Why A Double-Digit Is Still Feasible The crypto analyst further mentioned that with this target at $0.000081, the Shiba Inu price could witness a 180% climb and that this rally may already be in play. A rally to $0.000081 could pave the way for Shiba Inu to surpass its current all-time high (ATH) of $0.000088.  At the time of writing, the Shiba Inu price is trading at around $0.000029, up over 8% in the last 24 hours, according to data from CoinMarketCap.  Featured image created with Dall.E, chart from Tradingview.com

POPCAT has reignited excitement in the market as buyers stepped in at the crucial $1 support level, halting the recent pullback and fueling hopes for a renewed rally. This strategic rebound underscores the token’s resilience and growing bullish momentum, setting the stage for a potential climb toward new heights.  With market sentiment shifting and technical indicators flashing promising signals, the question arises: Can POPCAT sustain this upward push and reach fresh milestones? Let’s dive into the technical indicators and market dynamics driving this pivotal moment. Technical Indicators Signal Strength: A Closer Look At POPCAT Chart The 4-hour Relative Strength Index (RSI) shows a resurgence of upside strength as the RSI signal line has successfully climbed out of the oversold zone. This recovery suggests a shift in market sentiment, with buyers gradually regaining control. Currently advancing toward the 50% mark, this movement reflects increasing optimism in the market. Should the RSI breach this midpoint, it could signal the strength of the upward momentum, setting the stage for POPCAT to rally toward key resistance levels and solidify its recovery trajectory. Related Reading: POPCAT Nears Breakout Towards New ATH, But Analysts Warn Of Possible Correction Also, a closer examination of the 1-day RSI shows a noticeable reversal, as the RSI signal line is now rising toward the 50% threshold after recently dropping to 40%. Significantly, this shift also implies that selling pressure may be subsiding, with buyers starting to regain control. As the RSI indicator moves into neutral territory, the market could be poised for a trend change. If the RSI continues to climb, this could signal a strengthening bullish trend, offering POPCAT an opportunity to build momentum and challenge higher price levels. Critical Resistance Levels In Focus For New Heights As the meme coin rebounds from key support levels, the focus now shifts to the critical resistance levels that could determine its next move. POPCAT at the $1 mark has proven to be a strong foundation, but the token must overcome key resistance zones for it to reach new heights Related Reading: Solana Memecoin Market Thrives: POPCAT Reaches New Record Price Of $1.75 With technical indicators demonstrating increasing bullish momentum, POPCAT’s price is now approaching the 100-day Simple Moving Average (SMA). A move above this key indicator could spark a rally toward the $1.5 resistance level. If POPCAT successfully breaks through this resistance, it could set the stage for an extended price surge, potentially propelling the token to even higher targets. Traders will be watching closely to see if these critical levels can be surpassed, paving the way for continued upside. However, should POPCAT fail to break above the 100-day SMA, it may experience a decline, possibly heading back toward the $1 mark. A drop below this key support level could trigger a bearish continuation, with the price likely to drop to the $0.8 support level and other ranges. Featured image from Medium, chart from Tradingview.com

Following an earlier prediction of the Bitcoin flash crash to $94,000, a crypto analyst has set a new target for the pioneer cryptocurrency. The analyst anticipates another major decline in the Bitcoin price before it hits a new all-time high.  $130,000 Target In Sight After Bitcoin Flash Crash  The broader crypto market has undergone a significant correction sparked by the recent Bitcoin flash crash. In the past week, the price of Bitcoin lost $3,000 in less than 30 minutes, dropping from $97,000 to $94,000 before quickly rebounding back above $97,000. This unexpected flash crash triggered widespread liquidations, with more than $1.5 billion in long and short positions wiped out as traders scrambled to mitigate losses.  Related Reading: Dogecoin Price Prediction: Here’s What The 91-Day Pattern Says Could Happen Next With Bitcoin currently showing signs of momentum, analysts have voiced expectations of a future price rally. Notably, a TradingView crypto analyst, identified as ‘Setupsfx,’ shared a detailed price chart predicting Bitcoin’s future movements and next target.  The analyst accurately forecasted Bitcoin’s flash crash to $94,000 and has now expanded his predictions to include a potential recovery phase. According to his latest analysis, Bitcoin is expected to find strong support around the $96,000 level following a short-term price correction to this key zone. This new support level is seen as a healthy retracement to help build momentum for upward movement.  The analyst’s chart depicts an accumulation phase on the left side, during which prices seem to be moving sideways, forming strong lows while filling Fair Value Gaps (FVG). Additionally, order blocks and Breaks of Structure (BOS) can be identified on the Bitcoin price chart.  According to the chart, the Bitcoin price successfully broke out of the aforementioned accumulation zone and started a rally that led to its ATH above $100,000. This bullish momentum aligns with the hype from the US Presidential election, which fueled Bitcoin’s rise to a new all-time high.    With this in mind, the analyst predicts that Bitcoin will experience another pullback, likely testing the $96,000 zone before a price reversal. This reversal is expected to ignite a fresh rally, potentially pushing Bitcoin toward a new target of $130,000.  Update On BTC Price Action At the time of writing, the Bitcoin price is trading at $97,223 after dropping by more than 2% in the last 24 hours, according to CoinMarketCap. The cryptocurrency has been trading below the $100,000 level following a slight pullback after hitting an ATH above $104,000.  Related Reading: PEPE Price Hits $0.000027 ATH, On-Chain Data Says These Are The People Driving It The broader market sentiment has also turned bullish despite the recent Bitcoin price decline. Notably, Bitcoin’s trading volume has risen by 99% in the last 24 hours, and its market cap is approaching the $2 trillion milestone.  Commenting on Bitcoin’s price action, crypto analyst Jelle disclosed that Bitcoin’s current price action closely mirrors its bullish behavior during the 2020 ATH breakout. Based on these similar price movements, the analyst predicts that Bitcoin could see another breakout soon if it maintains this bullish momentum.   Featured image created with Dall.E, chart from Tradingview.com