Price analysis
Shiba Inu Price 2.5X Breakout Could Unlock $3.45B in Profits
Shiba Inu price is on the verge of breaking above a key bullish reversal pattern after the market momentum increased due to Bitcoin rallying to a new all-time high. If this breakout happens, SHIB investors currently at and outside the money could be looking at $3.45 billion in profits. Will the price of SHIB rise by 150% and rescue this liquidity that is currently dead in the water?
SHIB price is currently trading at $0.00001921, dangerously close to the stubborn multi-month resistance. This price represents a 2% increase in the last 24 hours and a 9.5% rise in the last 7 days. Bitcoin is up 1.6% and trading around $76,125, pulling up the crypto market by 0.2% to $2.685 trillion. Can Shiba Inu capitalize on Bitcoin’s momentum to break the overhead resistance?
$3.45B To Be Rescued After This Shiba Inu Price Breakout
Data from IntoTheBlock (ITB) shows that currently, 44% of Shiba Inu investors are either at the money (2%) or out of the money (42%). This number, however, is about to drastically drop since SHIB technical analysis shows an breakout is imminent. The price breakout is anticipated to sent SHIB price above $0.000045, which constitutes a 149% increase.
Currently, ITB data shows there is 182.65 trillion ($3.45 billion) SHIB wallowing underwater between $0.000019 and $0.000051.
A 149% breakout could boost this dead liquidity into profit, shifting the overall SHIB tokens in profit from 78.42% to over 96%.
Onchain Metrics Show SHIB Price Will Breakout
Shiba Inu price shows promise of breaking out, at least from analyzing on-chain metrics and traders behavior. Data from Coinglass Liquidation Map (LM) suggests that traders are currently more bullish on SHIB than they are bearish. The 24-hour cumulative Long Liquidation Leverage for SHIB was at $3.42 million on OKX, compared $2 million in Shorts.
This imbalance is also reflected in the weekly and monthly timeframes, and suggests bullish sentiment is dominating the SHIB derivative markets because traders anticipate price will move higher in the future.
Additionally, according to Santiment analytics data, the SHIB price-Daily Active Addresses (DAA) divergence shot up to a one-month high. When DAA increases and price is lagging as in the current case, it usually points a bullish signal that the price could catch up soon, leading to a potential price increase.
Further, Shiba Inu 30-day realized cap has been on the rise since November 3 while the 365-day is still soaring higher. This means that short-term holders (potentially new investors) are entering the market and could provide the necessary volume needed to push Shiba Inu price beyond the overhead resistance.
Moreover, having long term holders also increase means early SHIB investors are still confident in the project’s ability to deliver handsome returns in the long run.
All these metrics point to high likelihood of the price of SHIB breaking above the stubborn resistance in the coming days.
SHIB Price Analysis: Key Levels To Watch
Shiba Inu price forecast reveals a inverted head and shoulders pattern, which is usually a bullish reversal market structure. The immediate stubborn resistance at $0.00002050 has held price down since late June until now.
If the new wave of incoming investors provide enough volume, SHIB price may break above this barrier and head toward $0.00004567, which coincides with the yearly high. On the way iup, SHIB may encounter a resistance around $0.00002500
Bears could invalidate this bullish thesis if they push the price below the small ascending triangle forming at the right shoulder. This would send SHIB to $0.000016 and $0.000013 support levels.
Frequently Asked Questions (FAQs)
The bullish outlook is supported by Bitcoin’s recent rally, strong market momentum, and promising on-chain metrics.
If SHIB price reaches the anticipated level of $0.000045, around $3.45 billion in currently underwater SHIB tokens could return to profit, significantly benefiting investors.
If bears push the price below the ascending triangle pattern, SHIB could drop to support levels around $0.000016 or even $0.000013, invalidating the bullish scenario.
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Evans Karanja
Evans Karanja is a crypto analyst and journalist with a deep focus on blockchain technology, cryptocurrency, and the video gaming industry. His extensive experience includes collaborating with various startups to deliver insightful and high-quality analyses that resonate with their target audiences. As an avid crypto trader and investor, Evans is passionate about the transformative potential of blockchain across diverse sectors. Outside of his professional pursuits, he enjoys playing video games and exploring scenic waterfalls.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Bitcoin’s price briefly crossed the $85,000 mark on Sunday, March 16, marking an 11% rebound from last week’s bottom of $76,000. Bullish traders have been deploying significant leverage positions on BTC ahead of the upcoming US Federal Reserve rate decision slated for March 19.
Bitcoin (BTC) Attempts $85,000 Recovery as Sellers Continue to Hold
After reaching an all-time high of $109,071 in January, Trump’s inauguration ushered in a pullback phase witch Bitcoin (BTC) experiencing a sharp decline of nearly 30%, hitting a low of $76,000 last week.
This downturn has been attributed to various factors, including geopolitical tensions following President Trump’s intervention in early March and recent US trade tariff announcements.
However, positive indicators from the US Consumer Price Index (CPI) and Producer Price Index (PPI) reports published last week have spurred a recovery. On March 16, BTC price briefly crossed the $85,000 mark, reflecting an 11.1% gain from the previous week’s low of $76,000 recorded on Tuesday, March 12.
This suggests that investor sentiment has improved significantly since the CPI data release on Wednesday, March 13, with many opting to hold their positions in anticipation of upcoming macroeconomic announcements.
What Fed Rate Outcomes Could Drive BTC to $100K?
The upcoming Federal Reserve decision on interest rates is a critical event for Bitcoin investors.
Historically, lower interest rates have led to increased liquidity in financial markets, often benefiting risk assets ranging from stocks to cryptocurrencies.
The next Federal Open Market Committee (FOMC) decision expected by Wednesday, March 19.
If the Fed signals a rate pause or hints at imminent cuts, it could boost investor confidence, potentially driving Bitcoin’s price toward the $100,000 mark.
Conversely, a hawkish stance with rate hikes could tighten liquidity, posing challenges for Bitcoin’s upward momentum.
However, based on recent data from CME Group, a majority of market watchers have priced in a 99% chance of a rate pause.
If this scenario plays out as expected, BTC price could see some upside in the aftermath of the official rate announcement, as often historically seen after less hawkish Fed decisions.
Bulls Established $1.9 Billion Dominance in Bitcoin Derivative Market
Having digested inflation-easing signals in the US CPI and PPI reports, with market watchers nearly ruling out the chances of a rate cut as previously feared, the majority of Bitcoin traders have priced in the rate pause decision and positioned trades accordingly.
In the derivatives market, bullish sentiment is evident. Over the last 7 days, bull traders have mounted long leverage positions amounting to $4.9 billion, while short leverage positions stand at $3.8 billion, giving bulls a net dominance of $1.1 billion.
BTC Outlook for the Week Ahead
This substantial long positioning indicates strong market confidence in Bitcoin’s future appreciation. However, it’s essential to monitor these leveraged positions closely, as sudden market shifts could lead to liquidations, amplifying price movements.
Given the 11% BTC price rebound over the past week, the anticipated Fed rate pause may have already been priced in, and many traders could capitalize on the announcement to execute a sell-the-news strategy.
In this scenario, BTC could see another downturn below the $80,000 mark, especially with long traders currently holding over-leveraged positions.
Bitcoin Price Forecast: Recovery in Play, but $100K Remains a Tough Target
Bitcoin price forecast chart below is showing signs of more upside potential after rebounding 11% from the recent $76,000 low, to reach $83,175 at press time. The bullish case for BTC price action new week is supported by a number of technical indicators, but the path to $100,000 remains uncertain as key resistance levels and market sentiment present challenges.
First, the Elliott Wave count suggests Bitcoin has completed a corrective leg down, aligning with the 1.618 Fibonacci extension at $76,555.
A bounce from this level indicates potential for a relief rally, with immediate targets at the 0.382 Fibonacci retracement level of $89,085, followed by $92,956 (0.5 retracement) and a stronger resistance near $96,827 at the 0.618 level.
Additionally, the Parabolic SAR indicator, currently at $97,068, further reinforces this zone as a pivotal area where bullish momentum could face major resistance.
However, bearish risks remain prominent. The volume profile shows declining buy-side momentum, suggesting a lack of strong conviction among bulls.
More so, the BBP (Bear/Bull Power) indicator remains deeply negative at -10,559, signaling that downward pressure is still in play. If Bitcoin fails to reclaim $89,000 convincingly, it could trigger another sell-off toward the $76,000 support level, potentially exposing the market to further downside.
For the week ahead, Bitcoin’s price action hinges on reclaiming $89,000. A decisive close above this level could fuel a rally toward $97,000, but failure to break above could see BTC revisiting $80,000 or lower.
Frequently Asked Questions (FAQs)
If the Fed signals a rate pause or future cuts, Bitcoin could rally. However, strong resistance levels and profit-taking may slow momentum.
BTC must reclaim $89,000 to sustain an uptrend. Resistance sits at $92,956 and $96,827, while support remains at $80,000 and $76,000.
Bulls hold a $1.1 billion net dominance in derivatives, but over-leverage increases liquidation risks, potentially leading to sharp price swings.
ibrahim
Crypto analyst covering derivatives markets, macro trends, technical analysis, and DeFi. His works feature in-depth market insights, price forecasts, and institutional-grade research on digital assets.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Cryptocurrency prices rose modestly during the weekend as investors embraced a risk-on sentiment following Friday’s surge in the US stock market.
Bitcoin (BTC) held steady above $84,000, while the market cap of all coins rose to over $2.8 trillion.
The crypto market will have two main catalysts this week: President Donald Trump’s tariffs and the Federal Reserve’s interest rate decisions. A sign of Trump easing his stand on tariffs and a more dovish Fed will be bullish for cryptocurrencies and other risky assets.
The top cryptocurrencies to watch this week will be Binance Coin (BNB), Cronos (CRO), and ZetaChain (ZETA).
BNB
BNB price will be in the spotlight this week as the developers activate the Pascal hard fork on March 20. This is one of the three upgrades scheduled for the year’s first half. It is set to introduce newer features, including more Ethereum compatibility, native smart contract wallets, and more security.
The other two upgrades will improve BNB Chain’s speed and security. This is happening as the BSC Chain becomes one of the best alternatives to Ethereum (ETH) and Solana (SOL). Ethereum has higher fees and is slow, while the Solana network is highly associated with meme coins.
Cronos
A key Cronos vote will conclude on March 17. This crucial vote seeks to determine the creation of the Cronos Strategic Reserve. It aims to do that by undoing a 70 billion token burn that happened in 2021.
If the vote passes, Cronos will create 70 billion tokens and use them to create a reserve that will be used to support the ecosystem. Critics argue that creating these new tokens will dilute existing investors by adding to the supply.
Voting data shows that 45.8% of users have voted in support of the proposal, while 44.4% have rejected it. 9.27% have abstained. If the vote ends like this, the proposal will be rejected as the turnout is less than the quorum.
ZetaChain
ZetaChain is another top cryptocurrency to watch after its price crashed to a record low of $0.2070. It has dropped by over 92% from its all-time high, bringing its market cap to $151 million.
One reason for the ZETA price crash is that the total value locked in its ecosystem has crashed to $13 million from its all-time high of near $20 million.
The other reason is that Zetachain is highly dilutive as it has a circulating supply of 731 million against a total supply of 2.1 billion.
The network will unlock tokens worth over $6.6 million, representing 4.29% of the float this week. Cryptocurrencies are often highly volatile when there is a major unlock.
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Pi Network price stabilised just above the $1.50 mark on March 15. For PI to triple by the end of March 2025, it would need to reach around $5.55, within a two-week timeframe. Here are key potential PI market catalysts and insights to watch as the month unfolds.
Current Pi Network Price Trends
Recent analysis reveals that PI has undergone significant volatility. After reaching a high of $3.01 last week, the price has dropped by over 40%, reflecting a typical boom-and-bust cycle common in emerging cryptocurrencies.
However, recent bullish momentum across the broader crypto market, following favourable U.S. CPI and PPI reports, has reignited interest in digital assets, including PI.
Volume analysis further supports the possibility of a price rebound. Over the past 72 hours, trading volume has steadily increased, signalling renewed market interest.
Rising volume typically indicates strong buying pressure, reinforcing the probability of a short-term price breakout.
Why is PI Network Price Going Up?
One of the biggest driving factors behind PI’s price action is speculation regarding a potential Binance listing. Over the past few months, PI has secured listings on CoinGecko, CoinMarketCap, and other major price-tracking platforms. These listings have boosted awareness, leading to increased demand.
As depicted above, PI currently ranks 11 largest cryptocurrency network by market cap, surpassing $10.5 billion at the time of writing.
Many traders and analysts believe that PI remains undervalued due to its absence from Binance, the world’s largest crypto exchange. If PI listing on Binance materialises in March, it could trigger substantial inflows from institutional and retail investors.
PI Network Price Projections 2025
According to CoinMarketCap insights, PI has the potential to cross the $50 mark in 2025. Meanwhile, CoinCodex offers a more conservative projection, forecasting a 101.79% increase, which would push PI to $5.64.
While these forecasts highlight PI’s upside potential, strategic traders remain aware of the broader market risks.
With altcoin ETFs dominating crypto market discourse, there’s a real possibility that an approval verdict from the U.S. SEC could divert investor attention and liquidity away from PI. Assets like XRP, SOL, and ADA—each with ongoing ETF filings—could see increased institutional inflows, potentially draining PI spot demand.
Binance Listing Could Spark a Parabolic Rally
Having already secured listings on major crypto exchanges Bitget and OKX, the potential Binance listing would place PI in the spotlight, dramatically increasing demand. If the listing materializes in March 2025,
A confirmed Binance listing could act as a game-changer for PI. Several key factors could contribute to a parabolic rally:
- Exchange Liquidity: Binance’s deep liquidity and global reach could significantly enhance PI’s trading volume, increasing price stability and reducing volatility during rallies.
- Ecosystem Expansion: Exchange listings often attract new partnerships, institutional investors, and developers, leading to broader adoption.
In essence, if PI Network’s listing on Binance materialises, PI’s chances of reaching $5.55 would increase significantly.
PI Network Technical Analysis: $4.5 Breakout Could Validate Triple Gains Forecast
For PI to triple from $1.49 to $4.47-$5.55, it must first clear several key resistance levels:
- $1.58 (Middle Bollinger Band): A move above this level signals a bullish trend shift.
- $1.91 (Upper Bollinger Band): Breaking this resistance confirms upward momentum.
- $2.50 (Historical Resistance): Historically significant level that has posed a major barrier to previous rallies.
- $3.00 (Psychological Resistance): A surge past $3.00 milestone price level would reinforce a move toward $4.50-$5.55.
However, failure to hold $1.25 (Lower Bollinger Band) or a breakdown below $1.00 could delay or invalidate bullish projections. Ultimately, market catalysts, adoption rates, and overall sentiment will dictate whether PI achieves this ambitious price target before March 2025 ends.
Frequently Asked Questions (FAQs)
A Binance listing could significantly boost PI’s price, but reaching $5.55 depends on broader market conditions, adoption, and investor demand.
Key resistance levels include $1.58, $1.91, $2.50, and $3.00. A breakout above $4.50 would validate the potential for triple gains.
Major risks include lack of Binance listing, competition from ETF-approved altcoins, overall market downturns, and failure to hold key support levels.
ibrahim
Crypto analyst covering derivatives markets, macro trends, technical analysis, and DeFi. His works feature in-depth market insights, price forecasts, and institutional-grade research on digital assets.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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