TL;DR

• DOGE is down

• SHIB is down

• PumpSwap Hits $2.5B in Weekly Trades

• Dogecoin at a make-or-break level

• Raydium Launches LaunchLab to Rival Pump.fun

• Whale Converts $5M Into TRUMP Tokens

• Coinbase Distances Base from Memecoin Fallout

• TRUMP Team Withdraws $4.6M from Liquidity Pool

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Dogecoin Price

Crypto is down this week, with DOGE down 0.3% and SHIB down 0.1%:

Weekly Analysis

This weekly analysis is mainly on the top two MEME coins

Dogecoin Market Update

Dogecoin (DOGE) has recently witnessed a significant uptick in whale activity, which could signal the potential for a market rebound.

According to crypto analyst Ali Martinez, whales have been actively accumulating DOGE tokens, with one notable purchase of over 800 million DOGE (valued at approximately $130 million) over a 48-hour period.

This surge in accumulation began on April 9 and continued through mid-April, indicating a shift in sentiment among large-scale investors. Martinez suggests that these purchases are likely driven by the anticipation of a price rally, especially as DOGE has been trading at relatively low prices around $0.16.

The increased whale interest aligns with a modest price uptick, from $0.153 to $0.165, and comes after a general decline in Dogecoin's value over the past month. This suggests that whales are taking advantage of the dip, positioning themselves for potential gains as broader market conditions stabilize.

The latest data reveals that around 72.13% of long-term DOGE holders are currently in long positions, a sign of growing confidence in the coin’s future prospects.

In a broader context, the meme coin sector, including Dogecoin, is still actively generating strong trading volumes, despite recent pullbacks. As noted by analyst Wale Swoosh, meme coins continue to dominate with $2 billion in daily exchange volume, which, although down from peak levels, still indicates strong investor interest.

This sustained activity, combined with innovations in the meme coin space, suggests that the sector is entering a more structured phase, which may offer additional upside for coins like Dogecoin.

However, some traders, such as Koala, believe that Dogecoin may not reach its all-time highs again but still see a potential for 200% to 300% gains from current levels.

With whale activity signaling confidence and the broader meme coin market showing signs of life, Dogecoin could be poised for a potential rebound in the coming weeks, especially if momentum continues to build.

Shiba Inu (SHIB) Market Update

Shiba Inu (SHIB) remains in a bearish market structure, with its price struggling to break free from a descending channel pattern that has been in place since December 2024.

The cryptocurrency is showing a steady decline, trading at $0.0000119 at the time of writing, a 3.5% drop in the past 24 hours. This decline is accompanied by a 17% decrease in trading volume, reflecting diminished participation from both individual traders and institutional investors.

Technical analysis from AMBCrypto indicates that SHIB is encountering significant resistance near the upper boundary of its descending channel.

The failure to break above this level could lead to a further decline of up to 30%, with the price potentially dropping to the lower boundary of the pattern at $0.0000084.

This bearish outlook is compounded by the fact that SHIB is trading below both its 50 and 200 Exponential Moving Averages (EMAs), signaling a strong downward trend with little to no upward momentum in sight.

On-chain data from Coinglass reveals that sentiment among traders is overwhelmingly bearish, with 62% of top traders holding short positions. The Long/Short Ratio stands at 0.615, highlighting the dominance of short sellers in the market.

At current price levels, traders are heavily leveraged, with significant positions placed at $0.0000117 as support and $0.00001245 as resistance. These levels mark crucial points for the asset’s price action in the near term.

Unless there is a drastic shift in market sentiment or a breakout above the $0.0000128 level, the bearish trend is likely to persist, potentially driving SHIB lower.

Financial News

Fartcoin Price Outperforms Broader Crypto Market

Fartcoin has gained 181% over the past 30 days, outperforming the broader market, but recent $5.74 million in net outflows suggest growing profit-taking by large holders. Technical analysts point to a completed cup and handle pattern with potential for a breakout if resistance at $0.955 is cleared.

Support lies near $0.85, while multiple failed breakouts around $0.95 highlight key resistance. While bullish patterns suggest upside toward $1, diverging analyst opinions and erratic capital flows raise caution. As a meme coin without underlying fundamentals, Fartcoin’s trajectory remains driven by sentiment and technical momentum rather than utility.

Shiba Inu Risks Breakdown Despite 3,200% Burn Surge

Shiba Inu (SHIB) is hovering near a crucial support at $0.00001192 as its burn rate spikes over 3,200%, with over 30 million tokens incinerated in a day. Despite burning 410 trillion tokens since launch and Shibarium’s impressive growth—now with 1.047 billion transactions—only 20% of holders remain in profit.

Technically, SHIB sits on a critical long-term trendline, failing to break lower six times since 2021. A drop below this level could trigger a further 50% decline toward $0.000005840, erasing gains made since June 2023 and challenging SHIB’s resilience amid deflationary momentum.

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