Solana Rallies Into Pivotal Zone – $180 Level Could Define Next Move

Shiba Inu is currently showing signs of bullishness propelled by a surge in large-holder inflows of 643% over the last 30 days. A broader confidence in SHIB's short- to midterm trajectory is demonstrated by this massive capital movement, which indicates renewed interest from whales.

The inflows appear to be dispersed throughout the market rather than being a coordinated pump by a single party. Technically speaking, SHIB is testing resistance levels at $0.0001400 while riding above important moving averages. The more psychologically significant $0.00001600 zone, which corresponds with the 200 EMA, a crucial trend indicator that hasn't been challenged since its corrective downtrend started earlier this year, could be reached with a sustained break above this barrier. Chart by TradingView">

A close above that line might cause sentiment to shift sharply in favor of bullishness and possibly spark a larger breakout. At the moment, the RSI is close to 70, indicating that the market is almost overbought. Notably, such RSI levels are also typical during strong uptrends, particularly when supported by on-chain inflow surges like the ones we are currently seeing even though this typically indicates a potential pullback. At the same time, the net outflows from large holders are also slowing down, having decreased by more than 42% over the past seven days.

This divergence, inflows increasing and outflows decreasing, indicates accumulation as opposed to distribution, supporting the notion that the current move is more than a one-time event. With momentum above $0.000013 and $0.000014 as support, SHIB will be in a strong position to run toward $0.000016 and beyond. Failure to maintain that level, though, could result in a swift decline back to the next significant support at $0.00001275.

In summary, the stars are aligning for a possible explosive move as whales pile in and SHIB pushes against key resistance while technical confirmation builds. However, traders should keep an eye out for volume confirmations and be prepared for abrupt reversals in the event that sentiment changes as volatility always works both ways.

In the last few days Ethereum has experienced a strong recovery rally, rising from below $2,000 to almost $2,700. ETH may be set to continue its ascent toward $3,000 in the near future for three specific reasons even though some of this spike can be ascribed to general market momentum. There has been one of the biggest accumulation spikes in years in addresses with 10,000-100,000 ETH.

These wallets usually belong to high-net-worth individuals, funds and institutions. These organizations tend to position themselves ahead of significant movements rather than chase prices. The magnitude and velocity of this accumulation point to confidence in Ethereum's medium-term course. Significant whale accumulation has historically come before noteworthy rallies, and this time appears to be no exception. Chart by TradingView">

Staking activity has increased since Ethereum's Pectra upgrade, which combined aspects of the Electra and Prague upgrades. More ETH being locked into staking contracts suggests that investors are more confident in the network's long-term sustainability and that there is less supply in circulation, both of which encourage price pressure to rise. Additionally, the increase in staking suggests that holders anticipate higher yield and lower short-term volatility, which supports a bullish outlook.

A significant milestone has been reached in the Ethereum tokenization of real-world assets (RWAs). Just in May, tokenized U.S. Treasury prices on the Ethereum mainnet surged 12%, reaching $5 billion for the first time. This indicates that Ethereum is becoming more widely used by institutions as the backbone of actual finance. Ethereum's growing popularity for physical regulated financial products is evidence of the network's scalability, security and long-term viability.

Technically speaking, on high volume ETH has decisively broken above the 50, 100 and 200 EMA levels. A healthy reset before another leg upward may be provided by the pullback on May 11, and the RSI is still high but not extreme. It is not only possible but also likely that Ethereum will move to $3,000 if it maintains $2,500 as support.

Cardano is undergoing a major transformation as it adopts a more open and agile development model.

Charles Hoskinson, the blockchain’s founder, announced the shift on May 10, signaling a new chapter in how the network evolves.

Cardano Opens Ecosystem to Speed Up Innovation

According to Hoskinson, the new approach will allow external contributors to participate more actively in building the ecosystem. It also introduces flexible workflows to speed up innovation while preserving the platform’s security principles.

Hoskinson acknowledged that Cardano’s early design favored caution over speed. Its focus on formal verification and long-term planning helped build a secure foundation.

However, he admitted that this same approach slowed development and made it harder for outside teams to contribute.

To address this, Cardano is bringing in smaller and more adaptive teams, such as Aiken and Midgard.

These groups will work alongside established teams like Input Output’s formal verification unit, which uses advanced tools to ensure code safety. The idea is to blend speed with rigor, enabling the network to keep pace with evolving demands.

He furthered that this new hybrid approach will encourage innovation while preserving Cardano’s foundational strengths.

Meanwhile, Hoskinson acknowledged that some community members may resist change and prefer the platform’s earlier methods. Nevertheless, he believes this evolution is necessary for Cardano to reach its full potential.

The transition has already impacted Cardano’s internal structure.

Several contributors were dismissed after allegedly planning to delay the Leios upgrade to 2028. Hoskinson made it clear that such delays are no longer acceptable.

Jeff Watson, Director of Engineering at Input Output, confirmed that the team is hiring new contractors. These recruits will come from within the Cardano ecosystem and will help push the Leios upgrade forward.

Meanwhile, Cardano’s strategic shift reflects a broader trend across the blockchain industry where rival blockchain networks like Ethereum are releasing upgrades faster to maintain momentum.

Cardano is now positioning itself to do the same, without losing sight of the security-first mindset that built its reputation.

Bitcoin, the leading cryptocurrency by market capitalization, approached the $105,000 level earlier this Sunday, reaching an intraday high of $104,958 on the Bitstamp exchange.

There have now been a total of 12 days where the price of the leading cryptocurrency has closed above the highly important $100,000 mark.

It's very quiet

Despite the fact that Bitcoin is just inches away from reclaiming the $100,000 level, retail investors seemingly remain on the sidelines for now.

Fundstrat's Tom Lee has described this kind of silence as "strange," given that Bitcoin has made significant moves over the past few days.

"Funding rates are also low relative to prior price peaks. When they come, they are going to come very heavily," he said.

It is not clear whether Bitcoin will be able to sustain the current momentum and eventually reach a new record high.

In the meantime, chartist Todd Butterfield believes that Bitcoin is lightly overbought following the recent surge, meaning that the cryptocurrency might experience a slight pullback.

Prescient Reddit post

In the meantime, an extremely prescient Reddit post from 2011 predicting Bitcoin's price action recently emerged on social media.

A Reddit user (u/oldie101) made a post on the r/MarkMyWords subreddit predicting that the cryptocurrency would be able to hit $100,000 in 2025.

"Just realized why I was getting notifications. No, I didn’t hodl. Bought and sold as life moved on. Still hodl a bit, but could have been long retired if I trusted myself long ago," the user wrote a Reddit comment four days ago.

Hackers drained over $2.15 million from Mobius Token ($MBU) smart contracts on the BNB Chain in a targeted exploit detected early May 11, according to security firm Cyvers Alerts.

The attacker deployed the contract from address 0xb32a53... at 07:31:38 UTC and initiated the exploit at 07:33:56 UTC, draining funds from the victim wallet 0xb5252f...

Cyvers confirmed to Cointelegraph that the attacker used contract 0x631adf... to execute a series of malicious transactions. The smart contract drained 28.5 million MBU tokens and converted them into stablecoins, resulting in a net loss of $2,152,219.99 for the victim.

In total, the attacker stole 28.5 million MBU tokens and converted them to $2.15 million worth of USDT.

Cyvers labeled the exploit as “critical” and noted the attacker’s use of suspicious contract code and abnormal transaction patterns.

The attacker’s wallet remains active and has retained the stolen funds as of publication. Mobius Token’s team has not yet released an official statement.

“Two minutes prior to the exploit, our system identified a deployment of a malicious smart contract that eventually targeted the Mobius Token smart contracts,” Cyvers wrote on X.

Global Macro CEO Raoul Pal has opined that meme cryptocurrency Dogecoin could potentially reach a new high against Bitcoin .

The chart shared by Pal shows a long-term falling wedge, which is a well-known bullish reversal pattern.

Following years of rather uneventful price action during the 2014-2021 period, Dogecoin experienced an enormous rally in 2021.

Pal appears to suggest that a similar scenario might play out this time around.

Another long-term descending channel has now formed, meaning that Dogecoin might be preparing for another massive breakout following years of price consolidation.

The chart shared by Pal shows a bull fag where the massive 2021 rally potentially acts as a flagpole.

Breaking above the upper boundary of the current descending channel could potentially set the stage for the creation of a new bull flag. In such a case, the leading meme cryptocurrency could potentially surge to the previous high (roughly 0.000017 BTC) and potentially record additional gains.

Pal has joked that Dogecoin becoming "the hardest currency on earth" would be the most amusing outcome considering its facetious nature.