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Shiba Inu (SHIB) , the infamous meme coin that once shocked the market with a multi-thousand percent rally, has been fairly quiet over the past few weeks. But recent technical patterns are whispering a different story—SHIB may be coiling up for another big move. After a prolonged downtrend and sideways action, price indicators are showing early signs of a breakout. Is SHIB price gearing up to regain investor attention and claw its way back to higher levels? On the daily chart, SHIB has been stuck in a consistent downtrend since the late-2024 peak, gradually losing steam with lower highs and lower lows. However, that narrative is starting to shift. In the past few weeks, SHIB has shown a mild recovery, pushing back up toward the 0.00001200–0.00001230 zone. Currently trading at 0.00001223, SHIB has managed to reclaim the 20-day simple moving average (SMA) and is now testing the 50-day SMA, which sits slightly above at 0.00001283. If bulls manage to push the price above this level, the next critical targets will be the 100-day SMA at 0.00001576 and 200-day SMA at 0.00001898. The Heikin Ashi candles on the daily chart are beginning to show smaller-bodied bullish candles after a stretch of consistent reds—an early sign of trend exhaustion from the bears. Meanwhile, the Accumulation/Distribution Line (ADL), although flat, shows no sharp decline. This implies that distribution pressure may have eased and accumulation might slowly be picking up. Zooming into the hourly chart, the action is more promising . SHIB has been trending above key moving averages—20, 50, and 100-hour SMAs—and has just cleared the 50 SMA resistance with a clean Heikin Ashi green candle. The structure on this timeframe shows a mini-bull flag breakout, with SHIB pushing up from a consolidation channel around 0.00001210–0.00001220. This kind of setup often leads to a short-term pop, especially in meme coin environments where momentum feeds on hype. The 200-hour SMA, resting at 0.00001175, is acting as strong support now. As long as price holds above it, SHIB remains in short-term bullish territory. Additionally, the ADL indicator on the hourly chart is flat but stabilizing. While it doesn’t yet confirm major inflows, it suggests that selling pressure isn’t intensifying. On the daily chart, the first crucial level to break is 0.00001283 (50-day SMA). If bulls succeed, the next zones to target are 0.00001576 (100-day SMA) and then 0.00001898 (200-day SMA)—which would be a massive 50%+ move from current levels. But SHIB is known for its parabolic swings, so those targets are not outlandish. On the downside, strong support sits near 0.00001000, a psychological level, and the recent consolidation zone between 0.00001050–0.00001100. From the hourly view, the immediate support sits at 0.00001200, followed by 0.00001175. A successful close above 0.00001250 could trigger a mini-surge toward 0.00001300–0.00001330. Technically, SHIB price is at a make-or-break level. The downtrend has paused, early bullish signs are appearing, and moving averages are starting to align favorably. A daily close above the 50-day SMA would be a major green flag, especially if accompanied by volume. While this isn't yet a full-blown breakout, it’s the first sign of strength SHIB has shown in weeks. And in meme coin land, that’s often all it takes to spark a rally. Shiba Inu price might just be getting its second wind . The daily chart shows that bears are losing control, while the hourly chart suggests bulls are warming up for a run. With key SMAs in play and price compressing under resistance, SHIB is approaching a launch zone. Is the Shiba army ready to bark again? If price clears $0.00001283 with conviction, we could be in for a wild ride. 🎉 Pssst... Did you spot the Easter egg? Don’t forget to save this article! Shiba Inu (SHIB) , the infamous meme coin that once shocked the market with a multi-thousand percent rally, has been fairly quiet over the past few weeks. But recent technical patterns are whispering a different story—SHIB may be coiling up for another big move. After a prolonged downtrend and sideways action, price indicators are showing early signs of a breakout. Is SHIB price gearing up to regain investor attention and claw its way back to higher levels? On the daily chart, SHIB has been stuck in a consistent downtrend since the late-2024 peak, gradually losing steam with lower highs and lower lows. However, that narrative is starting to shift. In the past few weeks, SHIB has shown a mild recovery, pushing back up toward the 0.00001200–0.00001230 zone. Currently trading at 0.00001223, SHIB has managed to reclaim the 20-day simple moving average (SMA) and is now testing the 50-day SMA, which sits slightly above at 0.00001283. If bulls manage to push the price above this level, the next critical targets will be the 100-day SMA at 0.00001576 and 200-day SMA at 0.00001898. The Heikin Ashi candles on the daily chart are beginning to show smaller-bodied bullish candles after a stretch of consistent reds—an early sign of trend exhaustion from the bears. Meanwhile, the Accumulation/Distribution Line (ADL), although flat, shows no sharp decline. This implies that distribution pressure may have eased and accumulation might slowly be picking up. Zooming into the hourly chart, the action is more promising . SHIB has been trending above key moving averages—20, 50, and 100-hour SMAs—and has just cleared the 50 SMA resistance with a clean Heikin Ashi green candle. The structure on this timeframe shows a mini-bull flag breakout, with SHIB pushing up from a consolidation channel around 0.00001210–0.00001220. This kind of setup often leads to a short-term pop, especially in meme coin environments where momentum feeds on hype. The 200-hour SMA, resting at 0.00001175, is acting as strong support now. As long as price holds above it, SHIB remains in short-term bullish territory. Additionally, the ADL indicator on the hourly chart is flat but stabilizing. While it doesn’t yet confirm major inflows, it suggests that selling pressure isn’t intensifying. On the daily chart, the first crucial level to break is 0.00001283 (50-day SMA). If bulls succeed, the next zones to target are 0.00001576 (100-day SMA) and then 0.00001898 (200-day SMA)—which would be a massive 50%+ move from current levels. But SHIB is known for its parabolic swings, so those targets are not outlandish. On the downside, strong support sits near 0.00001000, a psychological level, and the recent consolidation zone between 0.00001050–0.00001100. From the hourly view, the immediate support sits at 0.00001200, followed by 0.00001175. A successful close above 0.00001250 could trigger a mini-surge toward 0.00001300–0.00001330. Technically, SHIB price is at a make-or-break level. The downtrend has paused, early bullish signs are appearing, and moving averages are starting to align favorably. A daily close above the 50-day SMA would be a major green flag, especially if accompanied by volume. While this isn't yet a full-blown breakout, it’s the first sign of strength SHIB has shown in weeks. And in meme coin land, that’s often all it takes to spark a rally. Shiba Inu price might just be getting its second wind . The daily chart shows that bears are losing control, while the hourly chart suggests bulls are warming up for a run. With key SMAs in play and price compressing under resistance, SHIB is approaching a launch zone. Is the Shiba army ready to bark again? If price clears $0.00001283 with conviction, we could be in for a wild ride. 🎉 Pssst... Did you spot the Easter egg? Don’t forget to save this article!

Radix, a high-performance Layer 1 blockchain, has proposed reallocating 1 billion XRD from its treasury into a two-year community incentives program aimed at deepening ecosystem engagement and improving long-term tokenomics—positioning itself as a deliberate “antidote to airdrops.” Editor’s note: This article has been updated to reflect that the 1 billion XRD community incentives program is a proposal and not a confirmed launch; crypto.news apologizes for the earlier mischaracterization. Announced on April 14, the new initiative will redirect funds from a previously proposed stablecoin project to support what Radix ( XRD ) describes as a multi-season, points-based rewards campaign designed to incentivize meaningful activity. Participants will earn points by holding or staking XRD, providing liquidity, executing DEX swaps, and engaging in lending and borrowing. NFT interaction and dApp usage will also qualify for rewards. “Users will earn points based on meaningful activity,” said Dan Hughes, CTO and founder of Radix. “We want to ensure deep and sustained ecosystem participation instead of just passive token hoarding to bump up our market cap.” Radix is distancing itself from traditional airdrop tactics, which it sees as unsustainable and prone to attracting short-term “mercenary” users. If approved, the campaign’s structure would aim to build robust liquidity while creating a stronger foundation for dApps and developers within the ecosystem. Hughes framed the reallocation as a strategic pivot that better aligns with Radix’s current growth trajectory. “What’s the alternative?” he said. “Do nothing with the 2.4 billion XRD while competitors onboard users and dominate liquidity flows? Or burn it, and hope for a short-term flash mob? The choice is clear: repurpose this reserve and make Radix the home of the next generation of DeFi.” The announcement comes ahead of Radix’s Hyperscale testnet rollout, which targets a sustained throughput of 1 million complex transactions per second, a scalability benchmark far beyond what current Layer 1s have demonstrated in production. According to the press release, this upcoming milestone represents the “only real path to Hyperscale in the industry.” To support this push, Radix’s proposed incentives campaign is intended to rapidly onboard more users, capital, and liquidity, positioning the network as a serious contender in the next wave of DeFi adoption.

After months of stagnation and bearish sentiment, the winds might finally be shifting in favor of altcoins. Expert analysts who have analysed the chart patterns suggest the long-awaited “altcoin season” could be approaching. Renowned crypto analyst Michaël van de Poppe recently shared a compelling chart highlighting a massive bullish divergence on the altcoin market capitalization against Bitcoin (TOTAL3/BTC). In his post, van de Poppe noted that the bullish divergence on the altcoin market capitalization “remains to be valid.” Van de Poppe identified a multi-year falling wedge pattern – a structure often signaling a bullish price reversal. The last time such a bullish divergence occurred, it was followed by a parabolic surge in 2020 that marked the beginning of one of the biggest altcoin bull runs. The analyst also stressed that the current market features the longest bullish divergence in altcoin history. The RSI (Relative Strength Index) consistently formed higher lows while price made lower lows – a classic setup hinting at a price reversal. Related: Massive Dip in JTO, TRUMP, TON & CO—Buy the Fear or Run for Cover? Importantly, a breakout has already taken place, with price reclaiming the wedge resistance and retesting it as support. This retest seems to be holding, which van de Poppe argues could be a confirmation of a new uptrend in the altcoin market. The TOTAL2 chart (total crypto market cap excluding Bitcoin) shows that as of April 14, TOTAL2 has bounced from the $830 billion zone and is now hovering near the $960 billion mark, showing signs of life after weeks of sideways action. This price action has reclaimed the 0.382 Fibonacci retracement level, and is attempting to push above the key 0.5 and 0.618 levels — commonly watched for trend reversals. Also, the MACD (Moving Average Convergence Divergence) has crossed bullish, with histogram bars flipping green and momentum shifting upward, indicating a potential continuation if follow-through volume enters the market. If the TOTAL2 market cap can decisively break and hold above the $1.02 trillion mark (0.618 Fib), analysts see potential for a rally toward $1.27 trillion (the 1.618 Fibonacci extension). This scenario becomes more likely if Bitcoin’s price stabilizes or consolidates. Related: Bitcoin, Altcoins Fall as US Tariff Hike on China Spooks Global Markets In a bullish case, TOTAL2 could retest all-time highs near $1.6–2 trillion in the next 6–12 months. On the other hand, the bearish case would involve another rejection at the 0.618 fib, sending prices back toward the $830B support. 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.

The EVM-native launchpad platform beef.fun has officially gone live on the BNB Chain and will support multi-chain in the future

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