Shiba Inu Breakout Coincides With Bitcoin’s Push Toward $100K and Dogecoin Buildup at 18 Cents

Bitcoin (BTC) is showing signs of a continued upward trend, with the latest surge pushing the price toward six figures, as memecoins like Shiba Inu (SHIB) and Dogecoin (DOGE) also gain traction, according to insights from HUMINT and TECHINT.

Bitcoin briefly touched $95,000, marking its highest price since March 2, as noted by CoinDesk data. This breakout follows a recent shift above the Ichimoku cloud, signaling a potential bullish market trend.

Key technical indicators suggest continued strength for Bitcoin: daily candlesticks with long lower shadows reflect strong buying interest on dips, while the five- and 10-day simple moving averages are trending upward. Additionally, the MACD histogram continues to print higher bars above the zero line, signaling an intensifying bullish momentum.

Bitcoin’s path seems set for a move toward the $100,000 level, which remains the most popular strike price for call options on Deribit. A pullback below $88,800, however, could invalidate this bullish outlook.

AI Highlights Bullish Activity in SHIB and DOGE

Against this backdrop of Bitcoin’s rally, the CoinDesk AI market insight bot has identified a breakout in Shiba Inu (SHIB), indicating rising risk appetite in the broader crypto market.

“Bitcoin’s rise above $92K has catalyzed increased memecoin activity, with SHIB breaking out of its year-to-date downward channel and showing promising bullish signals,” the AI bot noted. SHIB has displayed significant volatility, with a 15.6% price swing, and has established strong support at 0.00001225 following a bottom on April 21.

The chart reveals that SHIB has broken its downtrend and is aiming to hold above the Ichimoku cloud, signaling the potential for a trend reversal to the upside.

Meanwhile, Dogecoin (DOGE) is also showing bullish signs. The AI bot points to increased accumulation at the 18-cent mark, with DOGE consolidating above $0.180 and decreasing volatility — suggesting a potential breakout.

Since reaching lows below 13 cents on April 7, DOGE has surged more than 35%, reflecting strengthening momentum in the meme coin sector.