- Trading above $104K with rising volume and momentum providing a signal, Bitcoin is delivering a historic buy signal in the crypto market.
- Dogecoin is seeing a bullish breakout after it confirmed a move higher after forming an inverse head & shoulders pattern.
- PEPE leads meme coin performance, 15.71% climb supported by increasing trade activity and improving chart formation.
There is a dramatic turn in the crypto market, with key assets such as Bitcoin showing strong bullish power in light of a sharp recovery in investor sentiment. Over all, Bitcoin continues to drive higher above the $104K level with bullish messages as Dogecoin marks a solid bullish reversal. PEPE has experienced steep increases of more than 15% and high levels of trade that have largely been driven by technical improvements and increased retail enthusiasm. Against a background of increased market turbulence, experts in the field are carefully watching for signs of widespread, persistent price increases throughout different assets.
Bitcoin (BTC)
Bitcoin (BTC) continued its upward momentum today, trading at $104,478.32, a 0.27% gain over the last 24 hours, according to CoinMarketCap.Despite the intra-daily price wobbles that went from $103.87K to above $105.5K, bitcoin was reasonably stable, thanks to an enormous $51.65 billion in daily volume that had a pronounced increase of 17.08%. The total market value stands at $2.07 trillion while almost 19.86 million BTC is moving in circulation from the 21 million coin ceiling. The prolonged strengths of Bitcoin reflect growing hope among crypto investors considering the crypto market’s cyclical short-term subductions.
Source: CoinMarketCap
Mags commented that the macro chart of Bitcoin has given yet another apparent “buy” signal; similar to previous periods of recovery and massive growth. The period under consideration in the chart is from 2020 to mid-2025, and all the time the chart displays buy signals occurring after capitulation and price retracement, which is the beginning of massive rebounds. As a collection of $103,853, however, Bitcoin appears to be following an established bullish pattern seen on past bull run, with improvements to momentum indicators and volume. As demonstrated previously, a trend suggests that Bitcoin can enter a new phase of rapid growth.
Source: X
Dogecoin (DOGE)
Dogecoin (DOGE) rallied 6.75% over the past 24 hours to $0.248, but its volume dropped by 12.68% to $3.54 billion. Dogecoin, dropping below $0.23, recovered immediately, under this sustained upward pressure, and mid-morning the rocketing had been dramatic. Dogecoin’s capitalization now amounts to $37.24 billion, supported by its circulating supply of 149.22 billion DOGE. Although the supply is unlimited, the high and elasticity of Dogecoin signify an investor optimism.
Source: CoinMarketCap
Dogecoin executed a classic bullish reversal pattern; the inverse head and shoulders – a pattern that Trader Tardigrade reported. From there, it was possible for additional up-move to occur. The chart shows the breakout through the neckline resistance as well as the exact retest that proved the breakout area as support. After confirming the breakout, DOGE confirmed the bullish view and continued rising following the pattern’s projection. An arrangement of that technical nature indicates substantial buy orders, which make Dogecoin poised to further gain ground if the overall market environment stays positive.
Source: X
Pepe (PEPE)
Pepe (PEPE) posted a remarkable 15.71% gain over the past 24 hours, reaching a price of $0.000014 amid a broader rally in meme coins. In the daily chart, after hitting the bottom at around $0.00001302, the price moved smoothly upwards. In addition, over 431,000 investors are supporting the increasing momentum of Pepe; 420.68 trillion PEPE tokens are already in circulation, fueled by speculative euphoria.
Source: CoinMarketCap
STEPH IS CRYPTO notes that PEPE has experienced a significant bullish trend, increasing by 14. In the 6-hour chart, we see a significant upward trend around the date of the 5th of May, when on the chart we see green candles combined with continually rising trade volumes. Repeated price growth indicates continuing purchase of tokens that is supported by a daily maximum of 0.000014799 and trading figures that come up to 5.873 trillion PEPE. In the absence of significant retracement and with price continuously making new highs, the crypto market seems set to make a bullish breakout if it breaks through resistance.
Source: X
