DOGE, SHIB, BONK: Resistance Levels, ETF Speculation, and Whale Activity Drive Volatile Price Action

Dogecoin (DOGE), Shiba Inu (SHIB), and Bonk (BONK) are experiencing a resurgence, with daily gains of 7.78%, 5.34%, and 16.71%, respectively. This renewed bullish sentiment is impacting speculative crypto assets.

DOGE, currently trading at $0.1718, is testing the $0.17–$0.18 resistance zone. A breakout, fueled by ETF approval speculation, could propel it towards $0.22.

SHIB, up 8.58% weekly, faces a crucial test at $0.00001320. A 95% surge in whale transactions supports this potential breakout.

BONK's 16% surge follows a bullish symmetrical triangle breakout. Clearing the $0.00001500 resistance could target $0.00001980.

Source: Tradingview

Dogecoin (DOGE) is trading at $0.1718, a 7.78% 24-hour and 8.28% weekly increase. This indicates renewed bullish momentum.

While DOGE is down 45.57% year-to-date, it's up 22.74% in the last six months, outperforming many altcoins. It's back in the top 8 cryptocurrencies by market cap, valued at approximately $25.57 billion, surpassing Tron.

Source: Tradingview

Technically, DOGE is nearing the upper boundary of a descending triangle, testing the $0.17–$0.18 resistance. A breakout above this, particularly reclaiming the 200-day EMA at $0.1822, could push it towards $0.20–$0.22.

Source: Tradingview

Key support sits around $0.1560. Breaking this could lead to retests of $0.1440 or even $0.0935. However, oscillators show bullish trends, and community sentiment is improving.

Fundamentally, DOGE benefits from speculation surrounding potential spot ETF approval. While the probability of approval by 2025 has decreased (from 75% to 52%), institutional interest and social media hype, especially around "DogeDay" on April 20, are driving the rally. Daily volume exceeding $1.14 billion confirms active participation.

Source: Tradingview

Shiba Inu (SHIB) is priced at $0.00001302, with a 5.34% daily and 8.58% weekly gain. Despite this rebound, SHIB remains down 38.33% year-to-date and over 50% compared to last year.

While significantly below its all-time high of $0.00009000, investor interest is returning, driven by community support and whale activity.

Technically, SHIB aims to break above the $0.00001320 resistance. Success could target $0.00001480–$0.00001700. Failure might lead to a pullback towards $0.00001150. Momentum indicators are bullish, and whale activity has surged 95%, with over 40 trillion SHIB moved in large transactions.

Source: Tradingview

Bonk (BONK) trades at $0.00001439, with a remarkable 16.71% daily and 12.28% weekly gain. Despite being down 52.89% year-to-date and 31.09% over the past year, it shows strong bullish momentum.

BONK remains over 75% below its all-time high of $0.000059, but its market cap has rebounded to over $1.13 billion, with a 24-hour trading volume of $155 million.

Technically, BONK broke out of a symmetrical triangle pattern. Breaking the $0.00001500 resistance could lead to a rally towards $0.00001720 and $0.00001980.

Source: Tradingview

Rejection at current levels could see support at $0.00001280, then $0.00001140. Upward trending oscillators suggest a bullish outlook. Analysts have highlighted BONK's potential for explosive growth among meme coins.

The post DOGE, SHIB, BONK: Resistance Levels, ETF Speculation, and Whale Activity Drive Volatile Price Action appeared first on ETHNews.