Shiba Inu (SHIB) Price Prediction for May 8: Can Bulls Break the Barrier?
The Shiba Inu price today hovers near $0.00001275, holding steady after recovering from a two-day dip that tested key Fibonacci support at $0.00001240. SHIB has formed a mild rebound off the 0.5 Fib retracement zone ($0.00001267), but upside momentum remains capped by persistent supply near $0.00001294—the 0.618 Fib level.
On the 4-hour chart, SHIB is approaching a descending resistance trendline that has constrained price action since late April. The asset remains range-bound between $0.00001240 and $0.00001335. Price is also wrestling with the 50-EMA on this timeframe ($0.00001302), which coincides with a horizontal resistance band. Unless bulls secure a firm breakout above this confluence zone, the trend bias remains neutral.
Momentum indicators suggest SHIB is stabilizing but lacks strong bullish conviction. The RSI on the 15-minute and 4-hour charts fluctuates near 52 and 47, respectively—indicating a neutral trend with no overbought or oversold conditions.
Meanwhile, MACD is showing early signs of weakening bullish momentum. On the 15-minute chart, the MACD lines have flattened following a brief bullish crossover, while on the 4-hour chart, the histogram is tapering off. These signals underscore that while downside pressure has faded, buying strength remains insufficient for a decisive rally.
The EMA cluster (20/50/100/200) further highlights the compression zone around $0.00001294–$0.00001305. This band will be pivotal for short-term direction.
Shiba Inu price lies in the tug-of-war between consolidating bulls and a stacked resistance zone overhead. After a brief dip to $0.00001250, buyers stepped in at the 0.382 Fib support ($0.00001238), initiating a modest rebound. However, the lack of follow-through above $0.00001294 is limiting upside traction.
If bulls clear the $0.00001335 level—where a prior cluster of wicks stalled rallies—a move toward $0.00001395 and even $0.00001450 becomes technically viable. But a failure to reclaim this range could invite renewed pressure toward $0.00001240 and $0.00001200.
Bollinger Bands are tightening on short-term charts, often a precursor to breakout volatility. Traders should watch for confirmation through volume and MACD slope change.
Looking ahead, the Shiba Inu price sits in a technical squeeze, with a decisive move likely by midweek. A close above $0.00001294 and sustained momentum past $0.00001335 could shift the market bias bullish. Otherwise, the asset risks drifting back toward its lower support zone.
Until clearer momentum signals emerge, SHIB remains in consolidation mode, trading within a well-defined channel of supply and demand.
Read Also: Shiba Inu (SHIB) Price Prediction May 2025: Will SHIB Breakout or Stay Range-Bound?
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Bpay-News
2025/05/01 04:25
Monad Announces Partnership with HackQuest to Launch Monad Learning Track
Monad announced on its official X that it has teamed up with the developer platform HackQuest to launch the Monad Learning Track. The content covers Solidity syntax, a comprehensive guide to Foundry, building multi-signature wallets on Monad, tug-of-war games, and Blinks. After completing the course, learners will receive a learning certificate jointly issued by Monad and HackQuest. In addition, HackQuest will serve as Monad's developer education partner and conduct online co-learning camps in India, Vietnam, and Indonesia, and will invite members of the Monad Foundation to participate, jointly promoting the construction of the developer community of the Monad ecosystem and supporting the developer hackathon of the Monad ecosystem.

Cointribune EN
2025/04/26 00:25
End Of The Dollar's Reign? The Euro Has A Historic Card To Play
Europe has seen storms, crises, doubts come and go. But rarely has such a large window of opportunity opened. Since Donald Trump’s United States has been playing geopolitical roulette with tariffs and chaining economic provocations, a crack is forming in the armor of the king dollar. And in this breach, the euro, often mocked for its hesitations, could well invite itself to the table of the major global currencies. Even better, it could soon impose itself there.
Since Donald Trump’s inauguration , the dollar no longer shines as much. In April, the DXY index – which measures the strength of the greenback against major currencies – fell by 10%. A real slide fueled by the political whims of the White House and public criticisms against the Federal Reserve.
Europe, thanks to its stability and investments, will benefit from the fall of the dollar.
This falling out with the dollar is pushing investors to rethink their cards. And guess who is about to play their ace? The euro. The single currency has never really been able to take advantage of its massive economic potential. But today, the cards are being reshuffled . If Europe seizes the moment, it can impose its currency as a global monetary pillar.
Certainly, nothing is decided yet. The euro still lacks a “safe asset“, a safe haven equivalent to US Treasury bonds. This monetary grail, used as universal collateral, is sorely missing in the Old Continent. Yet the foundations are there: a strong European Central Bank, a banking sector of $34 trillion, 40% larger than that of the United States. That is no small matter.
The big question is this: can the euro become a reserve currency without a worthy safe asset? So far, attempts have failed: the “stability bonds” of 2011, the “ESBies” of 2018, or even the post-Covid NextGenerationEU program – all suffered from a lack of political consensus. The idea of mutualized debt in the eurozone remains taboo for several capitals.
But times are changing. Under the pressure of an unpredictable America, some dogmas are wavering. Germany itself, long champion of budgetary orthodoxy, has crossed a Rubicon by launching a massive defense and infrastructure plan funded by debt. And if this were only the beginning?
As the Institute of Liberties reminded us:
There have been far more dollars for sale than euros to buy. […] And that’s why your daughter is mute, Molière would have said.
Simply put, flows are reversing. The euro is rising, the dollar is wavering, bitcoin persists, and the public, once skeptical, is beginning to believe in the potential of a strong European currency backed by a more integrated economic policy.
Speculation is rampant. For the euro to impose itself, there will need to be a shock. What if this shock came not from finance, but from politics? As in 2020 with Covid, a crisis can sometimes accelerate changes more than a European summit. Perhaps Trump, in weakening the dollar, will inadvertently do a proud service to the currency he loves to hate.
Confidence is contagious, especially when it affects wallets. While Wall Street logs its worst sessions in two years, the euro benefits. Not only is the currency climbing, but capital follows. Large funds are repatriating their assets from America to reinvest them on European soil.
It’s a reversed domino effect: the imbalance on one side breathes life into the other.
The consequence? A euro flirting with peaks, gold shining like never before, and oil climbing, fueled by hopes (illusory?) of a Sino-American trade truce . Even European bonds are regaining color. The yield on German Bunds is slowly rising, evidence of renewed interest in the bloc’s sovereign debts.
And in all this upheaval, one question keeps coming up: can the euro take over from the dollar? For DerivativesProFR, the time may have come:
The global markets […] seem to have found a new balance.
An equation that pleases investors seeking stability. And when the word “stability” rhymes with “Europe”, it means something has changed.
On the stock market too, the signs don’t lie. At every Wall Street crisis, Europe has sometimes managed to come out ahead . This was the case in 2001, in 2008 to a lesser extent, and today history might repeat itself. The recent Nasdaq drop combined with the euro’s revaluation of over 11% against the dollar shows that financial tectonic plates are shifting. So yes, the euro is not king yet. But on this world economic stage, it could well land a leading role. And this time, without a double.