Global economic uncertainties and trade policy shifts are creating ripple effects across cryptocurrency markets, with Dogecoin showing resilience despite recent downward pressure.

The meme coin has formed a clear bearish channel with resistance at $0.236, though strong buying emerged at support levels, indicating investor confidence remains despite broader market concerns.

Technical Analysis Highlights

• DOGE experienced a significant downtrend over the 24-hour period, falling from 0.238 to 0.227, representing a range of 0.015 (6.3%).
• The price action formed a clear bearish channel with resistance at 0.236 and support emerging around 0.224.
• High-volume buying occurred during the 23:00 hour with 643M in volume—significantly above the 24-hour average.
• After reaching the cycle low, DOGE has established a consolidation pattern between 0.227-0.230, with decreasing volatility.
• In the last hour, DOGE exhibited significant volatility with a clear downward bias, falling from 0.229 to 0.227 (0.87% decline).
• The price action formed a series of lower highs and lower lows, with notable selling pressure at 13:35 and 13:56.
• A temporary support level formed at 0.227 with buyers stepping in at 14:01, generating the hour’s highest volume of 4.5M.

External References

• «Dogecoin (DOGE) Heats Up: Upside Move Hints at Major Breakout Ahead«, NewsBTC, published May 23, 2025.
• «Dogecoin Targets $0.50 as Open Interest Crosses $3 Billion«, The Crypto Basic, published May 23, 2025.
• «Dogecoin Price Breaks Out Of Bearish Trendline And Enters Ascending Channel Headed For $0.3«, NewsBTC, published May 24, 2025.

Shiba Inu (SHIB) has stabilized following significant price volatility, establishing a consolidation pattern between $0.00001440 and $0.00001456.

The meme token faced intense selling pressure with volume reaching 1.72 trillion during peak decline, but multiple tests of support at $0.00001440 showed strong buyer interest.

Despite short-term fluctuations, blockchain data reveals remarkable holder loyalty, with over 1.13 million addresses maintaining their positions for more than a year, signaling confidence in SHIB’s long-term prospects.

The Shiba Inu ecosystem continues development with a significant Shibarium blockchain update focused on improving decentralization. This aligns with the team’s strategy to enhance utility beyond meme status.

While technical indicators show mixed signals with moderate bullish momentum but lacking strong breakout confirmation, AI predictions from platforms like Google’s Gemini suggest potential growth to $0.00003 by 2025, representing a possible 105.9% increase from current levels.

Technical Analysis Highlights

• SHIB experienced a notable 5.4% price decline over the 24-hour period, with the overall range spanning from a high of 0.00001507 to a low of 0.00001424, representing a volatility range of 0.00000083 (5.5%).
• The token found strong volume-supported resistance at the 0.0000146 level during the 23:00 hour when selling pressure intensified with volume reaching 1.72 trillion, significantly above the 24-hour average.
• After the sharp decline, SHIB established a consolidation pattern between 0.00001440 and 0.00001456, with multiple tests of support at 0.00001440 showing buyer interest, suggesting potential stabilization before the next directional move.
• In the past hour, SHIB experienced significant downward pressure, dropping from 0.00001448 to 0.00001440, representing a 0.56% decline.
• The token faced intense selling between 13:54-13:57, with volume spiking to 16.45 trillion at 13:57, creating a local bottom at 0.00001430.
• A brief recovery attempt occurred at 14:01 when price rebounded to 0.00001441, forming a potential support zone between 0.00001439-0.00001440, though momentum remains bearish as evidenced by the inability to reclaim the 0.00001445 resistance level.

External References

• «Shiba Inu (SHIB) Bucks Market Slump With Unexpected Show Of Price Strength«, Coin Edition, published May 23, 2025.
• «Shiba Inu (SHIB) Price Prediction: Is $0.00003 Next?«, CoinPedia, published May23, 2025.

Mihailo Bjelic, one of the four co-founders of Polygon, is exiting the network.

Bjelic made the announcement on X, «After much thought and reflection, I’ve decided to step down from the board of the Polygon Foundation, and wind down my day-to-day involvement with Polygon Labs,» he said.

With Bjelic’s exit, co-founder Sandeep Nailwal becomes the last remaining member of the original founding team.

Nailwal acknowledged Bjelic’s contributions to the network and wished him luck for the future.

The layer 2 network, which was original known as Matic, was formed by Jaynti Kanani, Sandeep Nailwal, Mihailo Bjelic and Anurag Arjun.

As of writing, Polygon’s POL is down 5% in the last 24 hours, trading over 23 cents.