Galaxy Digital has agreed to a $200 million settlement with the New York Attorney General over its promotion of the #LUNA token. The company was accused of violating the Martin Act and Executive Law by not disclosing its interest in the asset when promoting it to the public. This settlement serves as a reminder for crypto firms to maintain transparency in their promotional activities and disclose any financial ties to the assets they endorse.
U.S. President Donald Trump reportedly intends to remove Billy Long as the IRS Commissioner. In his stead, the president will nominate pro-crypto Scott Bessent, who is also the Treasury Secretary, to serve as the acting Commissioner. Donald Trump Removes IRS Commissioner, Names Bessent As Acting Head According to a Bloomberg report, the president plans to
Immutable X (IMX) has shown positive momentum in the past month, pushing the altcoin to a critical juncture in its price action. Currently trading at $0.72, IMX is attempting to break past a long-standing resistance level.
However, it faces challenges as a significant portion of the token’s supply, about 117 million IMX worth over $84 million, remains unprofitable and could potentially cause further price resistance.
Immutable Investors Await Profits
About 117 million IMX tokens, valued at over $84 million, are currently awaiting profitability, sitting between the price range of $0.81 and $0.84. This sizable supply zone has created a resistance level that Immutable X has struggled to breach for the past three months.
As a result, the chances of selling at this point are high, with many holders likely to liquidate their positions as the price approaches this zone.
This selling pressure could prevent IMX from sustaining upward movement unless stronger support from long-term holders and new buyers emerges. The resistance at this price range could also lead to the formation of price consolidation.
Looking at the broader market momentum, IMX is showing positive signs. The Chaikin Money Flow (CMF) has recently breached above the zero line for the first time since the beginning of 2025.
This indicates that IMX is experiencing its strongest inflows of the year, which could help maintain the altcoin’s rally.
Meanwhile, the surge in inflows could help push IMX past its current resistance levels, especially if market sentiment remains favorable. The positive movement in the CMF suggests that the rally is backed by strong demand, which could fuel further price increases.
With sustained capital inflows, IMX may find the necessary support to break through the $0.81 barrier and continue its upward momentum.
IMX has gained 37% over the past week, trading at $0.72 at the time of writing. Holding above the $0.72 support level, the altcoin faces the critical resistance zone of $0.81, which it has been unable to breach since mid-February. If IMX can break this resistance, it could signal the start of a new upward movement.
However, the significant supply zone between $0.81 and $0.84 poses a risk of continued price consolidation under $0.81.
If the resistance proves too strong, IMX could fall through the $0.72 support level and drop to $0.60. This would invalidate the bullish thesis, suggesting a potential reversal in market sentiment.
On the other hand, if investor sentiment remains bullish and the broader market cues continue to support the rally, IMX could breach the $0.81 resistance.
A successful push past $0.88 would make the 117 million IMX tokens profitable, reinforcing the altcoin’s growth potential. This would invalidate the bearish outlook and likely spur further positive momentum.
Shiba Inu price continues its recovery this week. It has surged to $0.00001420, its highest level since March 27. It has jumped by 40% from its April 8 low and has formed a bullish pattern, pointing to more gains ahead. This article looks at whether SHIB price can surge and hit $0.0001 as competition from meme coins like Fartcoin and Pepe Coin rises.
The meme coin industry has gotten highly competitive this year. Most of this competition is coming from Solana meme coins like Fartcoin, whose price has surged by 455% from its March lows. However, Shiba Inu still holds a good place in the sector, and is one of the most popular players. Etherscan data shows that the number of SHIB holders has continued to rise and has just crossed a key milestone at 1.5 million.
SHIB has also taken several initiatives like launching Shibarium, a layer-2 network that has handled over 1 billion transactions. Most importantly, it is one of the top deflationary meme coins, a situation made possible by its daily token burns. It has incinerated over 411 trillion tokens, a trend that may keep going on as Shibarium gains steam.
These fundamentals mean that Shiba Inu price can jump by 600% and get to $0.0001 even as competition rises. This growth would bring its market cap to about $58 billion. Besides, in the past Dogecoin has hit that milestone before. Cardano also had a market valuation of $91 billion during its peak.
Two key things are clear. First, the growth of Fartcoin and Pepe Coin will not disrupt SHIB price surge. Historically, meme coins have tended to exhibit a close correlation. Second, the surge to $0.0001 will take time.
SHIB Price Forecast and Technical Analysis
The weekly chart reveals that Shiba Inu price forecast is bullish because it has formed a highly bullish pattern known as a double-bottom. Its lower side is at $0.000010, while the neckline is at $0.000035, which is about 137% higher than the current point.
The coin has also created a small double bottom whose neckline is at $0.00001565. Also, the Awesome Oscillator has pointed upwards and is about to cross the zero line for the first time since November last year. SHIB price jumped by double digits when the AO indicator crossed the zero line in November last year. This indicator shows momentum and is calculated by subtracting two simple moving averages of the median price.
Shiba Inu Price Chart
Therefore, the SHIB price is likely to experience a bullish breakout this year, reaching $0.0000033. Further gains in the Shiba Inu price above that level will lead to additional upside, potentially reaching last year’s high of $0.00004560. A drop below the year-to-date low of $0.00001077 will cancel the bullish SHIB prediction.
