TL;DR

• DOGE is up

• SHIB is up

• MUBARAK Surges 106% Amid CZ’s Support

• Pump.fun Struggles as Revenue Hits 4-Month Low

• Canary Capital Files for PENGU ETF

• Pump.fun Launches PumpSwap

• LIBRA Memecoin Lawsuit Targets Key Players

• Four.Meme Resumes After $120K Attack

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Dogecoin Price

Crypto is down this week, with DOGE up 4.1% and SHIB up 6.0%:

Weekly Analysis

This weekly analysis is majorly on the top two MEME coin

Dogecoin (DOGE) has experienced significant price fluctuations in recent months, with its value dropping over 70% from its December 2024 peak of $0.48. Despite the correction, on-chain data and technical indicators suggest a potential rebound, with some analysts predicting a rally toward $0.29 in the short term.

According to data from Santiment, wallets holding at least 1 million DOGE have increased by 1.24% since early February, despite declining prices. This trend suggests that large holders see the current price levels as an accumulation opportunity, indicating confidence in a future recovery.

Additionally, Dogecoin’s active addresses surged to a four-month high, signaling increased network activity and engagement. Crypto analyst Ali Martinez noted that active addresses jumped from 150,000 on March 12 to over 280,000 by March 14, coinciding with a price increase from $0.16 to $0.26.

Further supporting the bullish outlook, whales have accumulated over 110 million DOGE within a week, reflecting institutional and large-scale investor interest in the memecoin. However, some of this buying pressure may have been short-term, as profit-taking led to subsequent price retracements.

Dogecoin is currently testing a strong support confluence at $0.13, consisting of a multi-year ascending trendline and the 200-week Exponential Moving Average (EMA).

Historically, this level has triggered strong bullish reversals. The Stochastic RSI, which measures momentum and overbought/oversold conditions, has formed a bullish cross in the oversold region. This pattern previously preceded Dogecoin’s 400% rally in 2024 and an 88% surge in 2023.

However, bearish signals persist. The Moving Average Convergence Divergence (MACD) indicator shows the MACD line below the signal line, suggesting weak bullish momentum.

The Relative Strength Index (RSI) currently stands at 36.97, hovering near the oversold region. If it remains below 40, selling pressure may continue, leading to further price declines.

Dogecoin is currently stuck between critical support at $0.18 and resistance at $0.29. Analysts, including Igor Bondarenko, warn that if DOGE fails to gain momentum above $0.18, it could drop as low as $0.10. The 20-day EMA is another crucial level to watch.

If DOGE holds above it, traders may see a push toward $0.22, aligning with the 50-week EMA. Breaking past $0.29 could confirm a stronger bullish trend.

Conversely, if the support confluence fails, DOGE risks a deeper correction to $0.12, a level that previously acted as strong support during the March-May 2024 period.

Dogecoin remains at a critical juncture, with whale accumulation and rising network activity hinting at a potential recovery. However, bearish indicators such as the MACD and RSI suggest caution.

If DOGE can break key resistance levels, a rally toward $0.29 remains plausible. Otherwise, further downside risks persist, making the next few weeks crucial for Dogecoin’s price trajectory.

Shiba Inu (SHIB) is showing strong bullish potential, rebounding from a long-term ascending triangle. Analysts predict a major rally as SHIB’s ecosystem expands, surpassing 1.5 million holders and achieving key Shibarium milestones.

Crypto analyst The Cryptagon notes that SHIB is bouncing off a 3.5-year ascending triangle, with its 1-week RSI mirroring past surges. A breakout above the $0.000035000 resistance could trigger a 700% rise to its ATH of $0.00008450. Analyst Javon Marks also forecasts a 500% rally to $0.000081 if momentum holds.

Crypto Analyst Sat highlights two possibilities. A breakout above $0.00001260 could push SHIB to $0.00001320 or higher. However, failure to break could lead to a drop to $0.00001220, invalidating the bullish setup. Shibarium’s developments and ongoing token burns strengthen long-term prospects.

Shibarium has surpassed 10 million blocks, maintaining a rapid 5-second block time. It has facilitated the burn of 713 million SHIB tokens, reducing total supply to 589.25 trillion. The number of addresses nears 175 million, reflecting growing adoption.

Shib OS, a decentralized governance platform, aims to transition enterprises to blockchain-based systems. An upcoming Shibarium upgrade will introduce the Pump Token feature for token discovery and a simplified launch tool for new projects.

Despite these bullish fundamentals, SHIB has faced recent challenges amid market fluctuations. Over the past 30 days, the token has declined by 20%, although signs of recovery have emerged with a 3.7% gain in the past week. Currently trading at $0.00001276, SHIB faces resistance at $0.000019. Trading activity has also slowed, with its 24-hour volume dropping by 25.96% to $143 million.

With growing adoption, strategic ecosystem developments, and bullish technical patterns, SHIB remains a strong contender for an upward breakout. Investors are closely watching whether the token can surpass key resistance levels and capitalize on its expanding ecosystem.

Financial News

Libra Creator’s ‘Wolf of Wall Street’ Memecoin Crashes 99%

Hayden Davis continues launching memecoins plagued with insider trading activity despite being wanted by Interpol for previous crypto scams. His latest project, Wolf (WOLF), saw 82% of its supply controlled by insiders before crashing 99%.

Blockchain analysts traced the token to Davis, linking it to prior schemes like Libra (LIBRA) and Official Melania Meme (MELANIA). WOLF briefly hit a $42 million market cap before its collapse. As memecoin scams rise, regulators push for stricter penalties, with U.S. lawmakers proposing new criminal charges targeting fraudulent crypto practices.

MUBARAK Surges 106% Amid CZ’s Support

BNB Chain’s new memecoin, MUBARAK, has soared 106% this week, fueled by Binance Alpha listing and Changpeng Zhao’s support. The token briefly led BNB Chain’s memecoin rankings, with a $180M trading volume and a $159M market cap.

Zhao’s purchase of 20,150 MUBARAK for 1 BNB and his new X profile picture in traditional Arab attire further boosted interest. While Zhao downplayed his influence, this appears to be his first memecoin investment. The surge highlights growing memecoin activity on BNB Chain, reinforcing its appeal for traders and liquidity.

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