Kategorie: Crypto News

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Bitcoin reclaims $105,000: what are the next targets?

  • Gains follow reports of US-China tariff rollback.
  • Key support at $103,818 aligns with the 50-day EMA.
  • MACD signals bullish momentum as consolidation continues.

Bitcoin (BTC/USD) maintained its footing above the $104,000 level on Monday, buoyed by rising investor confidence amid signs of easing trade tensions between the US and China.

The world’s most-traded cryptocurrency touched an intraday high of $105,706 before settling near $104,420.33 at the time of writing.

This move follows weeks of sideways trading, and signals a potential shift in market sentiment.

Source: CoinMarketCap

Optimism around the rollback of US tariffs on Chinese goods has revived risk appetite across global markets.

For Bitcoin, the easing geopolitical backdrop has acted as a key driver behind recent gains.

BTC jumps on macro optimism

The latest surge comes as the US has scaled back tariffs imposed on China, raising hopes that global trade flows could improve and recession risks may ease.

This broader economic tailwind has extended into the crypto market, pushing Bitcoin above the psychological $105,000 barrier during intraday trading.

The move has been supported by bullish technical indicators. The 50-day Exponential Moving Average (EMA), currently near $103,818, has provided a strong base during recent consolidation.

Bitcoin’s ability to bounce off this level has reinforced confidence among traders.

Market participants are now eyeing the next resistance levels at $106,750 and $107,300.

These price points align with previous supply zones and could determine whether Bitcoin can sustain its upward trajectory in the near term.

Support holds at $103,818

The $103,818 level has emerged as a key line of defence for bulls. It coincides with the 50-day EMA and has served as a critical floor during the recent period of range-bound movement.

If Bitcoin can continue to hold above this support, it may provide the base for a renewed push toward higher levels.

However, if downward pressure intensifies and the price falls below this threshold, the next support lies at $103,080.

A breach of this level could trigger a broader pullback and push Bitcoin back into the lower end of its former trading channel.

The Relative Strength Index (RSI) is approaching overbought territory, which suggests that a near-term correction is still possible. Traders are watching this closely, particularly as Bitcoin navigates resistance zones.

Technical signals suggest caution

While recent gains are encouraging for Bitcoin bulls, indicators suggest that caution is warranted.

The Moving Average Convergence Divergence (MACD) is trending positive, with the MACD line crossing above the signal line and the histogram expanding.

This reinforces the bullish outlook, but also suggests that some short-term consolidation may follow.

The RSI, currently nearing levels above 70, implies that the market may be entering overheated territory.

Historically, such readings have often preceded brief corrections before fresh upside attempts.

Should profit-taking emerge, support levels at $105,000 and $103,818 will be tested once again.

Traders eye $107,000 barrier

With Bitcoin currently hovering around $104,420.33, momentum remains delicate.

A confirmed breakout above $105,706 could reignite buying interest, opening the path to the next targets at $106,750 and the psychologically significant $107,000 level.

Market sentiment will likely remain tied to macroeconomic developments, particularly progress on US-China trade discussions.

Any setbacks on that front could reverse the recent gains, while continued optimism may fuel another leg higher.

For now, Bitcoin’s resilience above $104,000 marks a key technical milestone, and all eyes are on whether the world’s leading cryptocurrency can convert this into a sustained rally.

The post Bitcoin reclaims $105,000: what are the next targets? appeared first on CoinJournal.

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Injective price jumps as bulls extend gains amid Bitcoin spike

  • Injective price is extending gains above the $10 mark.
  • Bitcoin’s rally above $105k and real-world assets tokenization catalysts could drive the INJ price higher.
  • INJ technical outlook is largely bullish.

Injective (INJ) is among the top-performing altcoins on Monday as bullish sentiment sweeps through the cryptocurrency market.

The token is trading above $13.60, lifted by renewed investor confidence following Bitcoin’s surge past $105,000.

With macroeconomic optimism and progress on regulatory fronts driving broader market momentum, analysts suggest Bitcoin could challenge new all-time highs in the near term.

This backdrop is fuelling capital rotation into altcoins, with projects like Injective benefiting from increased speculative interest.

A layer-1 blockchain focused on decentralised finance and real-world asset tokenization, Injective has continued to attract attention as narratives around scalability and use-case-driven growth gain ground.

Injective price extends gains above $10

Injective (INJ) price is up 7% in the past 24 hours, gaining as top alts such as Ethereum, BNB, and Solana break to key levels.

The price of INJ has surged after recently breaking past the $10 mark.

Currently, it changes hands for around $13.62. However, it hovered at highs of $14.29 on May 12, 2025, to hit its highest level since late February.

Amid the price gains, Injective’s market cap rose to $1.37 billion, although the 24-hour trading volume remained modest at $172 million.

Having surged 46% in seven days and 67% in the last 30 days, the overall market interest might see bulls take control.

Bitcoin rally and RWA tokenization drive INJ price

While Bitcoin’s rally is fueling further optimism across the market, catalysts for INJ price also include strong institutional demand across its RWA ecosystem.

Tokenization is a key tailwind for Injective, with a recent Four Pillars report highlighting how this sector is shaping up INJ for traction.

Recent bull cycles have had DeFi, play-to-earn games, memecoins, and AI tokens explode.

Now, analysts say while these areas see growth, the RWA market’s growth has blockchains like Injective in the spotlight.

Injective’s network, optimized for the tokenization of traditional assets like stocks, stablecoins, and commodities, stands as a likely beneficiary.

Investors eyeing an on-chain opportunity are increasingly seeing it as the go-to platform.

RWA adoption may further boost INJ’s price momentum.

Injective price technical outlook

From a technical perspective, INJ’s daily chart paints a bullish picture.

INJ chart by TradingView

The daily Relative Strength Index (RSI) currently hovers in overbought territory.

However, it’s not overly extended to suggest more room for bulls.

If it sees a pullback, INJ will likely bounce off support around $11.05 and $10.22.

This scenario may align with the Moving Average Convergence Divergence (MACD), which shows a bullish crossover.

The histogram indicates an upward momentum. If this happens, bulls will target $16 and then $20.

The post Injective price jumps as bulls extend gains amid Bitcoin spike appeared first on CoinJournal.

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Shiba Inu price up 32% in a month as Trump trade deals and burn data lift momentum

  • Trump trade deal boosts overall crypto sentiment.
  • Open Interest reaches $263 million.
  • Analyst predicts SHIB could rise 4x from current levels.

Shiba Inu is making a comeback after months of sluggish price action, with data showing a 32% increase over the past month.

The turnaround comes as market sentiment improves, driven by recent macro developments, most notably a new trade deal announced by President Trump.

The meme coin, which had been stuck in a narrow range for most of 2025, is now trading at around $0.00001713 and has seen a spike in trading volume and open interest.

This surge has lifted SHIB’s 24-hour trading volume to $664 million and raised its market capitalisation to just over $10 billion, pushing it to the 15th spot among all cryptocurrencies.

SHIB burn rate drops 97.77% in 24 hours

A key factor behind SHIB’s recent surge was last week’s massive spike in the token’s burn rate.

However, in the past 24 hours, the burn rate has fallen by 97.77%, with just 427,479 SHIB burned during the period.

This comes after earlier spikes created upward price pressure, reducing available supply in circulation.

Open Interest remains high at $260 million, indicating that traders continue to bet on further price movements.

The sustained Open Interest points to growing participation in SHIB’s derivatives market, keeping the asset on traders’ radars.

Technical indicators support an upward trend

Technical analysis points to bullish momentum for Shiba Inu. Trading data shows that while oscillators such as the RSI and Stochastic remain neutral, the MACD and Momentum indicators show clear buy signals.

Key moving averages such as the 50-day and 200-day are aligned in favour of a bullish trend.

Analysts are monitoring these indicators for confirmation of a potential breakout, with current price action suggesting buyers are stepping in on every dip.

Analyst projects breakout target at $0.000081

According to analyst Javon Marks, Shiba Inu’s recent rebound, which has seen it gain nearly 30% in just a few days, could be the start of a much larger move.

He projects a possible 105% rally from current levels, with a breakout target of $0.000081. He also suggests that the price could increase up to fourfold if momentum holds.

Meanwhile, broader crypto sentiment has also been lifted by easing trade tensions between the US and China.

A 90-day tariff truce and signs of negotiation progress have spurred risk appetite among investors, with cryptocurrencies benefiting from the optimism.

The improved macro backdrop has reinforced bullish setups across digital assets, including SHIB.

 

The post Shiba Inu price up 32% in a month as Trump trade deals and burn data lift momentum appeared first on CoinJournal.

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Best coins to buy: SUI, WIF and Bitcoin Pepe

  • As the broader market rallies, SUI, WIF, and Bitcoin Pepe are beginning to show signs of major upside.
  • Investor interest has been growing steadily. The presale has raised more than $7.8 million.
  • The project’s official page indicates that the token is expected to list on exchanges shortly after the presale ends.

Bitcoin hovered just above $104,000 on Monday, buoyed by improving risk appetite across global markets.

The total cryptocurrency market capitalisation rose 1.3% to $3.37 trillion, reflecting broader optimism following a significant easing in trade tensions between the United States and China.

The two countries agreed to a 90-day tariff reduction framework after high-level discussions in Geneva over the weekend.

Under the deal, US tariffs on Chinese goods will be lowered from 145% to 30%, while China will cut its tariffs on US goods from 125% to 10%.

The agreement, brokered by US Treasury Secretary Scott Bessent and USTR Jamieson Greer alongside China’s Vice Premier He Lifeng, is being viewed as a breakthrough in a trade standoff that has weighed on global markets.

Crypto markets, particularly meme coins, are benefiting from the resulting risk-on sentiment.

As the broader market rallies, SUI, WIF, and Bitcoin Pepe are beginning to show signs of major upside.

Sui (SUI) price climbs above $4

Sui (SUI) surged to $4.15 on Monday, lifted by a broader risk-on sentiment sweeping across global markets.

The bullish momentum in SUI reflects a wider market uptrend, with Bitcoin (BTC) close to breaching $105,000 and Ripple (XRP) targeting $3.00.

Sui is also gaining traction ahead of its “The Great Sui Odyssey #5” event in Vietnam on Saturday, where the focus will be on redefining AI, gaming, and DeFi within its ecosystem.

The layer-1 blockchain continues to position itself as a scalable, developer-friendly platform capable of powering advanced use cases such as large language models.

Technically, SUI remains in an uptrend. The MACD indicator is bullish, with the MACD line above the signal line, supporting the view of a breakout toward new all-time highs beyond the first-quarter peak of $5.38.

Dogwifhat extends rally

Dogwifhat (WIF) surged past its 100-day Exponential Moving Average (EMA) at $0.76 on Saturday, rallying 26% and closing above a key daily resistance level at $0.79.

At the time of writing on Monday, the meme token continues to climb, trading around $1.28, up 44% in the past 24 hours.

If bullish momentum holds, WIF could retest its weekly resistance level at $1.44 in the near term.

However, the Relative Strength Index (RSI) on the daily chart is signaling caution.

The indicator has pushed well above the overbought threshold of 70, suggesting stretched market conditions.

While extreme RSI readings often precede a pullback, there remains a possibility that the token sustains its uptrend with RSI elevated—particularly in strong momentum phases.

Should a retracement occur, the psychologically significant $1.00 mark is likely to serve as the first major support.

Bitcoin Pepe to list on May 31

Bitcoin Pepe is positioning itself at the intersection of two of the most powerful trends in crypto: Bitcoin’s established status and the viral appeal of meme coins. The project’s core message is clear:

“The opportunity isn’t subtle. Meme coins hit $100B without Bitcoin. Bitcoin sits at $2T without memes. We’re the first to merge them.”

Investor interest has been growing steadily. The presale has raised more than $7.8 million.

Central to the project’s technical proposition is the PEP-20 token standard—a mechanism enabling the launch of meme coins directly on the Bitcoin blockchain.

Bitcoin Pepe (BPEP) is currently available at $0.0326 in its ongoing presale, which is scheduled to conclude on May 31, 2025.

The project’s official page indicates that the token is expected to list on exchanges shortly after the presale ends.

Bitcoin Pepe’s potential exchange listing could act as a significant catalyst for further price appreciation.

With improving sentiment in broader crypto markets, BPEP may benefit from interest in meme tokens.

 

 

The post Best coins to buy: SUI, WIF and Bitcoin Pepe appeared first on CoinJournal.

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Crypto news today: Bitcoin nears all-time high; ETH, DOGE, PEPE, ATOM show bullish signs

  • Bitcoin surged past $100K this week, fueled by strong spot ETF inflows of over $1 billion.
  • With Bitcoin nearing its all-time high, key support is now eyed around the $100,000 level.
  • Ether experienced a dramatic price jump, breaking $2,600 and targeting $3,000.

Bitcoin has decisively reclaimed ground above the psychologically crucial $100,000 mark this week, signaling a resurgence of bullish momentum in the cryptocurrency market.

Supported by substantial inflows into spot Bitcoin ETFs, particularly BlackRock’s IBIT fund, buyers are now attempting to consolidate these gains and potentially push towards new all-time highs.

This renewed strength in the market leader is also igniting interest in several altcoins, prompting discussions about the potential onset of an “altseason.”

The past week saw Bitcoin climb over 10%, with buyers successfully pushing the price through significant resistance levels.

This rally has been notably backed by consistent institutional demand, exemplified by BlackRock’s IBIT spot Bitcoin ETF extending its inflow streak to 19 days, attracting $1.03 billion in the latest trading week alone, according to Farside Investors data.

Technically, Bitcoin is gradually inching towards its all-time high of $109,588, indicating a measured but confident advance by the bulls who seem reluctant to book profits prematurely.

While this strong rally has pushed the Relative Strength Index (RSI) into overbought territory – often a precursor to a short-term correction or consolidation – any pullback is anticipated to find robust support between the $100,000 level and the 20-day exponential moving average (EMA), currently around $96,626.

A successful rebound from this support zone would significantly increase the probability of a breakout above $109,588, potentially targeting $130,000.

However, bears still have a window to regain control.

A swift and decisive break below the 20-day EMA could trigger a sharper decline towards the 50-day simple moving average (SMA) near $88,962.

On shorter timeframes, strong selling pressure is expected in the $107,000 to $109,588 zone.

A successful defense of the 4-hour 20-EMA on any dip would signal continued bullish strength, while a break below $100,000 could open the door for a deeper correction towards $93,000 or even $83,000.

Ether (ETH) skyrockets, eyes further upside

Ether (ETH) experienced a dramatic surge, catapulting from $1,808 on May 8 to $2,600 by May 10, showcasing aggressive buying pressure.

This rapid ascent also pushed its RSI into overbought territory, suggesting a potential near-term consolidation or minor pullback.

Key support levels to watch on the downside are $2,320 and then $2,111.

If Ether finds support at these levels and turns higher, the ETH/USDT pair could extend its rally towards $2,850 and subsequently aim for the $3,000 mark.

However, a break below the $2,111 support would invalidate the immediate bullish outlook, potentially leading to a period of range-bound trading between $1,754 and $2,600.

On the 4-hour chart, bulls managed to push above the $2,550 resistance but struggled to sustain those higher levels.

A positive sign is that buyers haven’t conceded much ground, suggesting they anticipate further upside.

A break above $2,609 could trigger the rally towards $3,000, while a drop below the 4-hour 20-EMA might initiate a deeper correction towards the $2,111 support.

Dogecoin (DOGE) breaks resistance, signals trend change

Dogecoin (DOGE) showed a significant short-term trend change by soaring above the $0.21 overhead resistance on May 10.

The rally is currently facing selling pressure near $0.26, which could lead to a retest of the $0.21 breakout level.

If DOGE rebounds strongly from $0.21, it would indicate a shift in market sentiment from “sell the rally” to “buy the dip,” increasing the likelihood of a continued advance towards $0.31.

To negate this bullish momentum, sellers would need to pull the price back below the 20-day EMA (around $0.19).

Such a move could trap DOGE within a larger trading range between $0.14 and $0.26 for an extended period.

Immediate support on any pullback from $0.26 is seen at $0.22 and then $0.21.

Pepe (PEPE) rallies sharply, tests key levels

Meme coin Pepe (PEPE) staged a sharp rally from its 50-day SMA (around $0.000008), breaking above the $0.000011 overhead resistance on May 8.

This aggressive move has also pushed its RSI into overbought territory, signaling a potential pullback. The PEPE/USDT pair might drop to retest the $0.000011 breakout level.

If this level holds as support, it would strengthen the bullish case for a rally towards $0.000017 and then $0.000020.

Conversely, a break below the 20-day EMA (around $0.000009) would invalidate this optimistic outlook.

On the 4-hour chart, bears are aggressively defending the $0.000014 level.

A pullback to the 4-hour 20-EMA is a critical support to watch; a bounce could lead to another attempt to break $0.000014, while a failure could see PEPE slide back to $0.000011 or even the 50-SMA.

Cosmos (ATOM) breaks out of base, targets higher levels

Cosmos (ATOM) signaled a potential trend change by closing above the $5.15 resistance on May 10, breaking out of a large basing pattern.

However, bears are expected to defend this level strongly.

If they succeed in pushing the price back below $5.15, aggressive bulls could be trapped, leading to a pullback towards the moving averages.

If buyers can sustain the price above $5.15, the ATOM/USDT pair could gain significant momentum and rally towards $6.50.

While sellers will likely attempt to halt the advance there, a successful break above $6.50 could open the path towards $7.50.

The sharp rally has pushed the 4-hour RSI into overbought territory, suggesting a short-term correction or consolidation.

Bulls must defend the $5.15 level to maintain momentum towards $6.60. A break below $5.15 could lead to a deeper correction towards the 20-EMA or even $4.70.

While some analysts debate whether a full-blown “altseason” has truly begun, given the modest recovery of many altcoins from their significant drawdowns, the recent price action across several key cryptocurrencies suggests a renewed bullish appetite in the market.

The post Crypto news today: Bitcoin nears all-time high; ETH, DOGE, PEPE, ATOM show bullish signs appeared first on CoinJournal.