SHIB coin has been trading in a tight range on the daily timeframe, showing signs of a potential accumulation phase. With support holding and a possible double bottom forming, bulls may soon get their opportunity to drive price higher, if demand returns at key levels. SHIB ( SHIB ) has remained relatively flat on the daily chart, oscillating within a well-defined range between support and resistance. While the sideways action may seem directionless, it often signals accumulation, especially when price consistently holds above key demand zones. Currently, SHIB is hovering near the lower end of the range, where a potential double bottom pattern is taking shape, hinting at a possible bullish reversal. Key technical points Sideways Price Action: SHIB is ranging within defined high-timeframe support and resistance levels on the daily chart. Double Bottom Potential: Price is revisiting previous support levels where a bullish reaction may form the second leg of a double bottom. Value Area Low in Focus: Support near the value area low and weekly levels offers a high-probability demand zone for buyers to defend. Accumulation Phase Behavior: Ranging behavior combined with support defense points toward accumulation, not distribution. SHIBUSDT (1D) Chart, Source: TradingView SHIB continues to consolidate within a horizontal range, and the lack of a directional breakout places technical emphasis on the concept of accumulation. Recent price action has not shown significant weakness, but rather measured pullbacks into demand zones, especially around the value area low and weekly support. A potential double bottom formation is now developing at the range low. The first bounce from this zone triggered a bullish reaction. If bulls defend this level again, a second bounce could confirm the double bottom structure. This pattern is a classic reversal setup and, when confirmed by rising volume, often precedes a breakout. You might also like: TDTH stock crashes 40% after Trident unveils $500m XRP treasury plan This supports the view that moves into support may present buying opportunities, as long as price holds the key demand areas. Unless SHIB breaks down decisively below these levels, the market structure continues to favor accumulation. What to expect in the coming price action If bulls manage to defend the value area low again and volume increases on the second bounce, SHIB could complete the double bottom and begin a breakout phase. A confirmed move above resistance would signal the end of the accumulation range and the beginning of a bullish expansion. Read more: The crypto bull run has 5 catalysts to support continued momentum
Trident Digital Tech Holdings Ltd is spearheading a $500 million fundraising effort to establish a substantial XRP treasury, marking a significant development in corporate cryptocurrency strategies. This initiative not only
On Thursday, U.S. President Donald Trump addressed the Coinbase State of Crypto Summit, showcasing his sweeping federal initiatives to support digital assets and positioning the United States as a global leader in cryptocurrency. Trump Promises Clear Frameworks for U.S. Crypto Leadership At the Coinbase State of Crypto Summit, President Trump declared himself the “first crypto
China has announced that it will remove the tariffs it charges on imports from all 53 African countries with which it has formal ties. The decision was made at a China-Africa co-operation meeting. When it goes into effect, the move to zero tariffs will be an extension of China’s deal last year to drop taxes on goods from 33 “least developed” African countries. However, China hasn’t said when the decision will come into effect. China affirms its position in Africa China has been Africa’s biggest trade partner for 15 years running. In 2023, the value of Chinese exports to Africa reached $173 billion, while imports from Africa totaled $109 billion, resulting in a $64 billion trade deficit for Africa, according to official data. Per the new tariff plan, some of China’s biggest trade partners on the continent, like South Africa and Nigeria, will be on the new list. However, Eswatini has been excluded from the zero-tariff announcement because it recognizes Taiwan as an independent country, whereas China regards it as a breakaway province. In the meeting, China pulled a string against the US, saying that the US should resolve trade disputes based on “equality, respect, and mutual benefit.” In response, a joint ministerial statement criticized “certain countries’ [efforts to] disrupt the existing international economic and trade order” by putting tariffs on goods without consulting anyone else. Africa Growth and Opportunity Act between Africa and the US under threat President Donald Trump upset US trade partners in April when he announced high tariffs on imports from many countries. For example, Lesotho rates increased to 50%, South Africa 30%, and Nigeria 14%. The implementation has been put on hold until next month. However, US Treasury Secretary Scott Bessent says that the temporary stop could be extended even longer for countries that are talking “in good faith.” The US bought goods from Africa worth $39.5bn in 2024. Some of that was brought in through the Africa Growth and Opportunity Act (Agoa), which has no tariffs. This deal could be under threat if the Trump administration goes ahead with its plans to add new charges. China says it will keep its word The biggest trade war has been between the US and China. However, this week, things are beginning to look up. The phone call between Trump and Xi ended a standoff that had started just a few weeks after a basic deal was made in Geneva. Talks in London soon after the call put “meat on the bones” of the Geneva deal to lower retaliatory tariffs between the two countries. China’s continued restrictions on resource exports caused the Geneva deal to fall apart. In response, the Trump administration limits exports of semiconductor design software, jet engines for planes made in China, and other goods to China. Trump said Wednesday that he was pleased with the trade deal. “Our deal with China is done, subject to final approval with President Xi and me,” Trump said on Truth Social. Now, China has affirmed a trade deal announced by Trump. The second biggest economy has gone further to say that they will keep their word. “China has always kept its word and delivered results,” Lin Jian, a foreign ministry spokesperson, said at a regular news conference. “Now that a consensus has been reached, both sides should abide by it.” Trump and other US officials indicated the deal should resolve issues between the two countries on rare earths and magnets. However, reports later indicated China would only loosen restrictions on rare earth mineral exports for six months. KEY Difference Wire helps crypto brands break through and dominate headlines fast
Crypto US stocks are experiencing significant volatility this week, with Circle (CRCL), GameStop (GME), and Coinbase (COIN) leading market movements amid strategic developments and earnings reports. Circle’s USDC expansion to
Crude oil futures slipped on Thursday, easing back after a sharp rally in the previous session driven by concerns that Israel and Iran could be on the verge of open conflict. By 11:15 a.m. Eastern Time, US West Texas Intermediate futures were down 54 cents, or 0.8%, settling at $67.61 a barrel. At the same time, the global benchmark Brent contract dropped 56 cents, also 0.8%, to $69.22 per barrel. The pullback came after prices jumped more than 4% in the previous session , when traders reacted to mounting fears that a clash between Israel and Iran would threaten crude supplies flowing from the Middle East. According to five people familiar with the matter who spoke to NBC News , Israel is weighing a military strike against Iran “in the coming days” even if it does not have explicit U.S. backing. That report sent shocks through energy markets. In response to rising tensions, the US State Department ordered non-essential personnel to leave Iraq, while the Pentagon authorized the voluntary departure of military families stationed across the Middle East. Those moves followed a warning from Iran’s defense minister that his country would target US bases throughout the region if the situation became hostile. Oil analysts at JP Morgan placed a worst-case price tag on the situation. Natasha Kaneva, head of global commodities research at the bank, told clients in a Thursday note that crude could spike to $120 per barrel or higher if Iran were to close the Strait of Hormuz. About 30% of the world’s seaborne oil trade passes through that narrow waterway. “Crucially, for all of recorded history, despite many threats, the Strait of Hormuz has never been closed off. Crude oil continued to flow,” Kaneva wrote. Political pressure has been building for months President Donald Trump has publicly warned that the U.S. or Israel might carry out airstrikes against Iran’s nuclear sites if diplomatic talks failed. In turn, Iran’s defense minister struck a cautiously hopeful tone about negotiations but made it clear that it would retaliate. “In that case, America will have to leave the region, because all of its bases are within our reach. We have access to them, and without hesitation, we will target all of them in the host countries,” he told Iranian media this week. On Thursday, the Board of Governors of the International Atomic Energy Agency adopted a resolution declaring Iran in non-compliance with its nuclear safeguards obligations. It was the first such finding against Iran in nearly two decades. Meanwhile, U.S. Middle East envoy Steve Witkoff is scheduled to meet Iranian Foreign Minister Abbas Araghchi in Oman on Sunday for another round of discussions aimed at reviving the stalled nuclear talks. Israel may still consider military action against Iran Despite these diplomatic efforts, sources cited by NBC News say Israel is still considering military action in the days ahead. Political analysts warn that a clash between the two countries, especially given Iran’s population of 93 million, nearly four times that of Iraq, would have far-reaching effects on global markets, regional stability, and the world economy. Yet many market watchers and strategists believe a full-scale confrontation remains unlikely, for now. Some argue that recent partial evacuation orders and military posturing amount to deliberate pressure tactics designed to strengthen the US hand at the negotiating table. Iran insists on its right to pursue a civilian nuclear program under the Nuclear Non-Proliferation Treaty, which it joined in 1970. One proposal would allow Iran to enrich uranium at low levels, due to which Iran’s facilities would not get dismantled, allowing the country to retain the infrastructure for peaceful purposes such as energy generation. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
According to the latest development, the SEC has postponed its decision regarding the VanEck Spot Avalanche ETF. The institution had also postponed its decision on the Hedera Spot ETF application approximately an hour ago. *This is not investment advice. Continue Reading: BREAKING: SEC Issues Update on Highly Anticipated Altcoin Spot ETF
Binance’s BNB Chain became the leader for on-chain activity linked to distributed apps. The chain has moved ahead of Ethereum, getting a boost from a recent upgrade that further lowered fees. BNB Smart Chain is quickly turning into the venue for decentralized apps , stepping ahead of Ethereum in terms of dApp-based on-chain activity. Despite the dominance of Solana in the meme token narrative, BNB Smart Chain is carving its own share of the meme market, as well as curated incentives for Binance Wallet users and BNB holders. The Binance ecosystem is still attempting to revive its activity after two years of bear markets and low transaction levels, working with both large-scale funds like World Liberty Fi , and incentivizing retail users. BSC benefits from ecosystem activity Based on the DappRadar leaderboards, BNB Chain apps moved ahead in the past few weeks with growing economic activity. In the past day, BNB Chain posted over $80B in app volumes. The rankings can shift on a daily basis, and may reflect temporary growth for some chains, or one-off events that boost traffic. BNB Chain preserved its app trend for the whole of the past week, with a long-term competition against Ethereum . The competition reflects the different use cases for some chains, ranging from large-scale whale movements to low-cost on-chain fun, airdrop hunting, or meme token speculation. BNB Smart Chain still carries the major share of on-chain activity. | Source: Dune Analytics The chain also carries over 697K daily active users, above the 450K active wallets on Ethereum. BNB Chain has even surpassed Solana in dApp activity, with highly active decentralized trading. The recent incentives for trading on PancakeSwap are boosting overall volumes. The DEX is also the top app with over 62K daily active users. PancakeSwap benefits from several campaigns, including the competition for airdrop points on Binance Wallet . PancakeSwap is also the main venue for USD1 trading and the meme tokens that trade against the stablecoin. The recent recovery of BNB Smart Chain shows on-chain activity and the existing Web3 infrastructure are highly usable, but require incentives to bring in users and traders. Binance trading still dominates the crypto market The recent dominance of the Binance ecosystem is seen as relatively bullish. In general, activity on the ecosystem coincides with crypto exuberance and more active token trading. Binance’s share of trading is increasing again, suggesting a bullish direction for crypto markets. | Source: Cryptoquant The dominance of Binance on centralized markets rose again, displacing all other exchanges. Based on CryptoQuant data, the exchange now carries over 39% of centralized trading volumes. Historically, a share of over 30% for Binance has been linked to bullish periods on the crypto market. Binance allows for concentrated liquidity, often leading to coin and token rallies. While new listings on the exchange sometimes lead to selling pressure, tokens listed on the exchange have access to more significant liquidity and often have return rallies. Binance’s dominance also signals the inflow of big players. The inverse indicator is when the CEX hosts below 30% of trading activity, suggesting an outflow of traders. Binance is constantly fending off competition from platforms like Pump.fun and Hyperliquid , but remains a key venue for liquidity. BNB, the ecosystem’s native token, remains relatively stable, trading at $622.70. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
Dusk : MiCA is coming into full force by the end of June. Not just for exchanges or stablecoins, but for anyone building infrastructure for tokenized assets in Europe. MiCA