Shiba Inu Surges Out of Slump While Bitcoin Approaches $100K and Dogecoin Gains Support at 18 Cents

Bitcoin’s (BTC) powerful rally is lifting the broader crypto market, with major meme coins like Shiba Inu (SHIB) and Dogecoin (DOGE) showing fresh bullish signals, according to insights from HUMINT and TECHINT.

BTC, the largest cryptocurrency by market cap, briefly touched $95,000 ahead of press time — its highest price since March 2, according to CoinDesk data. The move follows a bullish breakout above the Ichimoku cloud earlier this week, a widely tracked signal for positive trend reversals.

Technical indicators are reinforcing the bullish case: Bitcoin has printed several daily candles with long lower wicks, reflecting strong dip-buying interest. The five- and 10-day simple moving averages (SMAs) are trending upward, and the daily MACD histogram is posting higher bars above the zero line, all signaling increasing bullish momentum.

With $100,000 now within reach — also the most popular call option strike on Deribit — analysts see the path of least resistance trending higher. However, a decisive break below $88,800 could weaken the positive setup.

AI Identifies Breakouts in SHIB and DOGE

The CoinDesk AI market insight bot has picked up a breakout in SHIB, highlighting renewed risk appetite among traders.

“Bitcoin’s surge past $92K has boosted memecoin activity, with SHIB breaking out of a year-long descending channel and flashing bullish technical patterns,” the AI noted. SHIB has shown significant volatility, with a 15.6% price swing recently, and has established strong support at 0.00001225 after bottoming out on April 21.

Chart patterns indicate that SHIB has decisively broken its downtrend and is aiming to establish a base above the Ichimoku cloud — similar to Bitcoin’s move earlier this week — confirming a bullish trend reversal.

Meanwhile, DOGE appears poised to follow, with the AI pointing to signs of investor accumulation around the $0.18 mark.

“Price action shows DOGE consolidating above $0.180 with shrinking volatility, suggesting an accumulation phase ahead of a bullish breakout,” the AI said.

Since touching lows under $0.13 on April 7, DOGE has climbed more than 35%, signaling building momentum in the meme coin sector.