Shiba Inu coin eyes 20% rally
Shiba Inu (SHIB) to add 20% next week if this Bollinger Bands signal validates.
- Bullish weekly close. SHIB ended the week at $0.00001334, breaking above a key support zone and the 20-week moving average for the first time in two months.
SHIB just closed a weekly candle at $0.00001334, positioning itself above a significant support level and setting the stage for a potential 20% surge if the momentum continues.
The price is advancing toward the upper Bollinger Band on the weekly time frame, currently around $0.00001554.
- Launchpad zone. The $0.00001200–$0.00001300 range has served as a strong demand zone.
This isn't the first time that SHIB has used this region as a launchpad. The $0.00001200 to $0.00001300 range has acted as a demand zone for months, with multiple successful retests since last year.
The difference now is the candle structure. Last week's nearly 13% gain came from a clean bounce off the lower part of the range. This was followed by a close above the 20-week moving average for the first time in two months.
- Technical setup. Bollinger Bands are starting to widen, suggesting rising volatility.
The Bollinger Bands are starting to open slightly, suggesting that volatility may be returning after a long period of sideways movement. If SHIB extends to the top band, which it tends to do once breakouts gain traction, the projected upside would put the token at around $0.00001550. That price is roughly 20% higher than the current price.
Bitcoin's $118K breakout triggers liquidation wave
Bitcoin price breakout sparks epic liquidation imbalance.
- Sharp BTC rally. Bitcoin surged past $118,000 over the weekend.
BTC recorded $3.66 million in short liquidations, compared to just $197,660 from longs. That’s an imbalance of 1,722%, with nearly all the damage falling on short positions.
Unlike typical shakeouts, where longs become overexposed, this breakout wiped out shorts almost exclusively. For BTC, it was a one-sided liquidation, a rare event when price action favors longs so clearly.
- Market-wide impact. 12-hour liquidations (all tokens) hit $55.54M
Across all tokens, 12-hour liquidations totaled $55.54 million, split between $34.16 million from shorts and $21.38 million from longs. Over the full 24-hour period, the total liquidation volume reached $191.17 million, with $123.56 million from long positions and $67.61 million from short positions.
XRP eyes key $3 breakout
XRP is extremely close to hitting pivotal level, but one last test is left.
- Major resistance breached. XRP recently broke through the $2.50–$2.60 resistance
A strong rally that brought XRP near its most crucial threshold in months — the psychological $3 mark — brought the cryptocurrency into the public eye. Recent sentiment has changed as a result of the breakout above the $2.50-$2.60 resistance, setting up XRP for what may turn out to be a pivotal move in the upcoming trading sessions.
- $3 matters. This area lacks established sell order clusters.
In particular, the resistance just below $3 is important. This level has not been adequately tested in the past. This area has remained mostly untapped by any sustained volume because previous upswings lost momentum before ever reaching it.
- Technical setup. Market structure remains strongly bullish.
All of the daily charts' major moving averages, including the 50, 100 and 200-day lines, are well above XRP. These lines have now flattened out or turned upward, signaling a significant transition from a consolidation phase to an acceleration phase.
Dan Burgin
U.Today Editorial Team
