TL;DR

• DOGE is up

• SHIB is up

• LUCE Meme Coin Spikes After Pope’s Death

• Shiba Inu burn rate jumps 3,273%

• TRUMP memecoin holders invited to dinner

• Dormant wallet buys $1.5m TRUMP ahead of dinner

• CZ targeted in fake Grok token scam

• Is Elon Musk Leaving DOGE in May 2025?

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Dogecoin Price

Crypto is down this week, with DOGE up 10.7% and SHIB up 10.5%:

Weekly Analysis

This weekly analysis is mainly on the top two MEME coins

Dogecoin Market Update

Dogecoin (DOGE) is making headlines once again, surging over 12% in the past 24 hours to trade around $0.1828 at the time of writing, outpacing Bitcoin in key metrics and rekindling optimism for a potential run toward new all-time highs.

According to on-chain data from Santiment, Dogecoin has recorded a 41.12% spike in large transaction volume and a 34.91% increase in daily active addresses, while Bitcoin saw double-digit declines in both.

This surge in activity suggests heightened interest from both retail investors and large holders, placing DOGE in the spotlight of the early altseason rally.

Technical indicators also support the bullish case. A classic cup formation is unfolding on the weekly chart, signaling a prolonged accumulation phase with potential for a breakout.

A bullish MACD crossover and RSI above 60 on the daily chart reinforce short-term buying pressure. With DOGE currently challenging the $0.185 resistance zone, a move toward the psychological $0.20 mark is now a key focus for traders.

Crypto analyst Javon Marks has further fueled bullish sentiment by revising his Dogecoin price target.

Based on the 5-day candlestick structure and a confirmed higher low at $0.1316, Marks projects a continuation toward $0.6533, with a secondary target of $1.25 in 2025. He noted that similar higher low formations in the past have triggered rallies exceeding 500%.

Marks emphasized that the breakout from the recent low mirrors historic patterns, increasing confidence in the current bullish trajectory.

If the broader crypto market maintains its momentum—particularly Bitcoin staying above $90,000—Dogecoin could feasibly aim for its former peak of $0.74, or even the much-hyped $1 milestone.

For now, all eyes remain on DOGE’s ability to sustain this momentum and break above key resistance levels in the days ahead.

Shiba Inu (SHIB) Market Update

Shiba Inu (SHIB) has captured significant attention in the crypto market as it eyes a potential massive price surge, driven by both technical indicators and a remarkable increase in its burn rate.

Analyst ALLINCRYPTO has highlighted a bullish chart formation for SHIB, noting a falling wedge pattern that typically precedes an upward trend reversal.

The analyst points out that SHIB has been in a downtrend since December 2024 but formed this bullish pattern, suggesting a strong upward momentum in the near future.

With SHIB's price gaining over 11% in the past week, currently trading at $0.00001320, ALLINCRYPTO predicts a potential price target of $0.0000141 by the end of April, fueled by the chart's technical setup.

In addition to the positive technical analysis, a surge in SHIB's burn rate is adding further optimism to the coin's prospects. The burn rate saw a staggering 1300% increase recently, with 27.82 million SHIB tokens burnt in just 24 hours.

This reduction in supply is expected to contribute to upward price pressure, as a decrease in supply generally leads to increased demand. The current bullish sentiment is also reflected in SHIB's 3-month bias indicator, showing that bulls are in control.

Market analysts are also watching closely for a crucial breakout. SHIB recently broke through its key resistance level at $0.00001252, reaching as high as $0.00001392. A move above the $0.000014 to $0.000019 zone, where 531 trillion SHIB tokens are held, could trigger a massive rally.

If SHIB breaks this barrier, analysts foresee a potential surge toward $0.000022, reinvigorating its bullish momentum.

In conclusion, both the technical chart formations and the significant uptick in the burn rate position Shiba Inu for a possible breakout, with experts predicting a strong rally ahead.

Financial News

LUCE Meme Coin Spikes After Pope’s Death

The death of Pope Francis triggered a 134% surge in LUCE, a Solana-based meme coin inspired by the Vatican’s mascot. Though unofficial and unrelated to the Vatican, LUCE saw renewed interest, hitting a $0.02517 high before retreating to $0.015. Its market cap sits at $15 million with 44,750 holders.

The coin’s rise comes despite warnings of a 100% rug pull probability. Pope Francis’ passing has also sparked the launch of other Solana meme coins, including FRANCES and RIP POPE, underscoring the meme market’s rapid reaction to real-world events.

Shiba Inu burn rate jumps 3,273%

Shiba Inu’s burn rate surged 3,273% in 24 hours, destroying over 28.5 million tokens and sparking fresh interest. Active addresses rose 5.74% and zero-balance wallets jumped 31.11%, reflecting rising network churn and speculative positioning. SHIB traded at $0.00001218, nearing key resistance at $0.00001290.

Open Interest climbed 7.05% to $125.57 million, with 54.06% of traders holding long positions. If bulls break above $0.00001290, SHIB could rally toward $0.00001428. Until then, traders remain cautiously positioned in anticipation of a potential breakout, as on-chain data signals building momentum beneath a tightly coiled price structure.

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