Shiba Inu Price Analysis: Could SHIB Start a New Bull Run Soon?

Monicah W

Shiba Inu Price Analysis: Could SHIB Start a New Bull Run Soon?

After several days of price declined followed by sideways price movement, the crypto market has again turned in bulls’ favor. Like most crypto, Shiba Inu (SHIB) price is also benefiting from it. To be precise, the meme coin’s value pumped by more than 4% in just the last 24 hours. 

Following this promising surge, SHIB’s value is standing at $0.00001258 with a market capitalization of over $7.41 billion, making it the 16th largest crypto. In fact, things can get even better, as an analyst suggested that the chances of SHIB’s price skyrocketing are high—a sign of an upcoming bull run. 

Shiba Inu Price Analysis—A Bull Rally Soon?

As Shiba Inu price gains momentum, several analysts are prediction SHIB’s surge to the moon. One of them is a popular crypto analyst $SHIB KNIGHT. The analyst recently posted a tweet on X mentioning that ill make history again. It is one of the hottest token on the market. The tweet also mentioned that the analyst is waiting for the accumulation phase to end, which will be followed by a massive boom.

However, other datasets revealed not much buying activity was taking place around SHIB. This was evident from the closely knit supply on exchanges and supply outside exchanges charts. 

Shiba Inu weighted sentiment
Source: Santiment

Additionally, after a sharp spike, SHIB’s weighted sentiment also entered the negative zone—a sign of declining bullish sentiment. Hyblock Capital’s data further established the fact that investors were not buying SHIB, one of the top meme coins.

Analysis revealed that SHIB’s sell volume touched 86 in the last few days. For starters, a number closer to 100 means that selling pressure is high. This can negatively affect Shiba Inu price action as it suggested that there are chances of SHIB’s ongoing price uptrend to end soon. 

Shiba Inu sell volume
Source: Hyblock Capital

What Lies Ahead For SHIB

Since there are mixed signals in the market, we then took a closer look at Shiba Inu price chart to better understand whether the meme coin is ready for a bull run. Mentioning Shiba Inu price prediction, in order for the meme coin to sustain its bull rally, it must first go above the $0.00001514 resistance level. A breakout above that will allow SHIB price to reclaim its January 2025 high. 

Shiba Inu price chart
Source: TradingView

Conclusion

Shiba Inu price analysis shows promising short-term momentum, but mixed market signals suggest caution. A breakout above key resistance could confirm a bull run, making it crucial for investors to closely monitor SHIB’s next moves.

The post Shiba Inu Price Analysis: Could SHIB Start a New Bull Run Soon? appeared first on CoinGape.

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PancakeSwap (CAKE) Soars 21% as Inflows Hit Monthly High, Surpassing $3 Million

PancakeSwap’s CAKE token is the market’s top performer today, surging 21% in the past 24 hours.  At press time, the altcoin trades at $2.56.

This rally comes as CAKE records its highest daily spot inflow in a month amid strong demand and renewed investor interest in the token.

CAKE Rockets Higher with $3.37 Million Inflows—Is More Upside Ahead?

CAKE’s price rally is primarily driven by the sharp increase in trading activity on the PancakeSwap decentralized exchange (DEX). Over the past few days, the platform has seen a significant uptick in daily trading volume, outperforming Ethereum’s Uniswap and Solana’s Raydium.

The trend has triggered a surge in demand for the DEX’s native token, CAKE, causing its value to soar by double digits. The uptick in buying pressure is reflected by the token’s spot inflows, currently at $3.37 million, its single-day highest figure in the past month.

CAKE Spot Inflow/Outflow.
CAKE Spot Inflow/Outflow. Source: Coinglass

When an asset records spot inflows, the number of tokens purchased and moved into spot markets has increased, indicating rising demand. CAKE’s high spot inflows suggest that investors are actively accumulating the asset. If this buying pressure continues, it can drive further price appreciation. 

This is a bullish signal, especially as it is accompanied by positive market sentiment, as shown by the token’s funding rate, which is 0.0021% as of this writing. 

CAKE Funding Rate.
CAKE Funding Rate. Source: Coinglass

The funding rate is a periodic fee exchanged between long and short traders in perpetual futures contracts to keep the contract price aligned with the spot market. A positive funding rate means long traders are paying short traders, indicating strong demand and bullish market sentiment for CAKE.

With rising inflows and growing demand, CAKE’s price performance suggests that traders are positioning for further upside. If demand continues at this pace, the token could extend its gains, drawing even more liquidity into PancakeSwap’s ecosystem.

CAKE Holds Strong Above 20-Day EMA—Bullish Momentum Builds

CAKE’s rally has pushed it significantly above its 20-day exponential moving average (EMA) which now forms dynamic support below its price at $1.93.

This moving average measures an asset’s average price over the past 20 trading days. It gives more weight to recent price data, making it more responsive to price movements than a simple moving average. 

When an asset’s price climbs above the 20-day EMA, it signals bullish momentum, suggesting that buyers are in control and the asset may continue its upward trend.

If this trend persists, CAKE could extend its uptrend to $2.90.

CAKE Price Analysis.
CAKE Price Analysis. Source: TradingView

On the other hand, a resurgence in profit-taking activity could prevent this from happening. If CAKE demand stalls and it sheds its recent gains, its value could plunge to $2.41. If that support level fails to hold, the token’s price could drop to $2.01.

The post PancakeSwap (CAKE) Soars 21% as Inflows Hit Monthly High, Surpassing $3 Million appeared first on BeInCrypto.

ETH Traders Hold $20.8 Billion Positions as Vitalik Buterin Plan to Fix Ethereum in 5 Years

Vitalik Buterin Reveals Plans to Revamp Ethereum; Will It Boost ETH Price?

Ethereum price remains steady around $1,837 as Vitalik Buterin’s new proposal fuels optimism for Ethereum’s long-term simplification.

Ethereum (ETH) Deadlocked Below $1,900 as Market Recovery Stalls

Ethereum price is currently consolidating at $1,837, down slightly from its recent 24-hour high of $1,847, according to CoinGecko. Despite a 1.7% uptick on the weekly chart and a monthly gain of 2.8%, ETH has struggled to break above the critical $1,900 level.

The broader crypto market has also entered a temporary pullback phase after a high-profile event in the U.S. state of Arizona.

On Saturday, Arizona Governor Katie Hobbs vetoed a key piece of legislation that would have allowed the state to hold Bitcoin in its strategic reserves, a bill that had already passed the legislature.

Ethereum price action, May 3, 2025 | Source: Coingecko
Ethereum price action, May 3, 2025 | Source: Coingecko

The political setback triggered a short-term confidence dip, stalling Bitcoin’s rally and dragging Ethereum down with it. As Bitcoin price retraced from $98,000 to $96,200, Ethereum mirrored the move, slipping into a modest correction.

Despite reduced weekend trading volumes, Ethereum is still showing signs of active buying pressure, supported by short-term traders’ confidence.

Ethereum derivatives data show that Open Interest stands at $20.87 billion (-0.57%) while total trading volume dropped 29.8% to $28 billion.

Ethereum Derivatives data analysis, May 3, 2025 | Coinglass
Ethereum Derivatives data analysis, May 3, 2025 | Coinglass

The ETH futures trading volume decline being larger than the Open interest dip on Saturday indicates that majority of investors are abstaining rather than close out their ETH positions.

Bulls Hold Tight After Vitalik’s Latest Update

In a move that could reshape Ethereum’s future, Vitalik Buterin has published a new five-year roadmap titled “Simplifying the L1.” The proposal outlines a path to radically reduce Ethereum’s base-layer complexity, aligning it more closely with Bitcoin’s minimalist architecture.

According to Buterin, Ethereum’s core protocol has become bloated with over 300,000 lines of code, compared to Bitcoin’s 15,000.

Vitalik Buterin issues new proposal to enhance Ethereum scalability, May 3, 2025
Vitalik Buterin issues new proposal to enhance Ethereum scalability, May 3, 2025

While this expansion enabled a wide range of dApps and smart contracts, it has also introduced severe security and maintainability concerns.

The infamous DAO hack of 2016, where $50 million in ETH was drained, serves as a stark reminder of such vulnerabilities.

To address this, Buterin suggests implementing a maximum code line limit for Ethereum’s core. This change would reduce the surface area for attacks, make audits simpler, and improve overall protocol resilience.

“Simplicity, like decentralization, is upstream of resilience,” Vitalik Buterin wrote, urging the community to take the long-term view.

While the ETH price may not react immediately to these structural changes, market sentiment around Ethereum’s long-term viability has visibly improved.

The long/short ratio on Binance ETH/USDT shows 2.52:1 for top traders’ accounts, a bullish indicator that suggests whales are already predominantly betting on Ethereum price upside for the coming sessions.

Ethereum Price Forecast: ETH Eyes $1,950 as Compression Builds Near Key Resistance

Ethereum price forecast today reflects a market steadily coiling beneath resistance at $1,873.17, with technical signals aligning for a potential breakout toward $1,950. Price action has maintained higher lows through late April into early May, revealing steady accumulation under resistance.

The Donchian Channel indicator also shows ETH price pressing its upper boundary, a classic setup for a volatility expansion.

Ethereum Price Forecast
Ethereum Price Forecast

Despite the mild pullback to $1,835.30 on Saturday, Ethereum bullish momentum remains intact, and the mid-channel support at $1,705.22 stands as the nearest downside checkpoint.

The Choppiness Index reading at 47.86 confirms a sideways, coiling price structure—neither fully directional nor overly consolidated.

Should Ethereum close decisively above the $1,873 ceiling with elevated volume, momentum would likely carry ETH toward $1,950 in the near term.

In contrast, a breakdown below $1,800 would weaken bullish conviction and expose $1,705.22 as a possible retracement zone.

The post ETH Traders Hold $20.8 Billion Positions as Vitalik Buterin Plan to Fix Ethereum in 5 Years appeared first on CoinGape.

These 3 USA Coins Could Explode If Trump Announces Tax Relief For Made in USA Cryptocurrencies

These 3 USA Coins Could Explode If Trump Announces Tax Relief For Made in USA Cryptocurrencies

The crypto market is witnessing corrections as Bitcoin faces downward pressure. Meanwhile, the Made in USA market cap has reached $439 billion. If Trump announces tax relief for USA coins, certain assets could experience significant price movement. Filecoin (FIL), Sui (SUI), and Aptos (APT) are among those that could benefit.  

USA coin: Filecoin (FIL)

Filecoin (FIL) price is trading at $3.16 after a 3% daily increase. Its 24-hour trading volume stands at $205.73 million, marking a 48% rise. The market cap has climbed to $2.03 billion, reflecting a 3% growth. 

Analysts suggest FIL is holding key support, with a potential target of $16. A strong rebound could push prices higher. This development comes as speculation grows that USA coins may benefit from potential tax relief if announced by former President Donald Trump.

Image

Sui (SUI)

Sui (SUI), a layer-1 blockchain, has seen notable growth, rising nearly 4% over the past week despite market fluctuations. Increased institutional interest and expanding partnerships have positioned SUI for further price gains.  At the time of writing the SUI price has $2.67, with 2% decrease.

In a major development, the Sui price has partnered with World Liberty Finance (WLFI), a decentralized finance protocol inspired by Donald J. Trump’s vision of financial transparency. Additionally, both entities have begun exploring joint product development opportunities, reinforcing Sui’s expanding presence in the blockchain ecosystem.

Aptos (APT)

Aptos (APT) is showing strong momentum as it consolidates within a horizontal channel on the 4-hour chart. This pattern suggests an imminent breakout. If market conditions allow, traders may look for entries near the lower boundary to catch any potential dips. 

A sustained bullish push could drive APT beyond the $10 mark in the near term. Currently, Aptos is trading at $6.27, rising 5.16% in the past 24 hours despite broader crypto market corrections. 

With speculation growing over possible tax relief for USA-based cryptocurrencies, Aptos is gaining attention as one of the top-performing assets in the sector.

Source: TradingView

Conclusion  

The speculation surrounding tax relief for Made in USA cryptocurrencies is gaining traction. USA coins such as Filecoin, Sui, and Aptos are in focus as investors evaluate possible impacts. While market trends remain uncertain, any favorable policy shift could bring substantial changes. 

The post These 3 USA Coins Could Explode If Trump Announces Tax Relief For Made in USA Cryptocurrencies appeared first on CoinGape.