Daily Crypto Signals: Bitcoin Surges Past $105K, Dogecoin Prepares for Potential 180% Rally
The crypto market continues to show strength with Bitcoin nearing fresh all-time highs and Dogecoin exhibiting its strongest monthly
Quick overview
- Bitcoin is approaching new all-time highs, trading above $102,000, with strong institutional demand limiting supply.
- Dogecoin has experienced a 38% increase in May, marking its best monthly performance this year, driven by positive market sentiment.
- Aave's total value locked has reached a record $40 billion, reflecting growth in the DeFi sector and increased user deposits.
- The SEC's new chair signals a shift towards regulatory clarity, which is positively impacting the overall crypto market sentiment.
The crypto market continues to show strength with Bitcoin nearing fresh all-time highs and Dogecoin exhibiting its strongest monthly performance of the year. Meanwhile, DeFi platform Aave reaches record $40 billion in total value locked as new SEC chair signals regulatory clarity ahead.
Crypto Market Developments
The changing posture of regulatory authorities is a main factor influencing the present market mood. Emphasizing the need of creating a “rational regulatory framework for crypto asset markets,” the recently hired SEC Chairman, Paul Atkins, marked a break from the past “regulation by enforcement.” Atkins underlined the potential of blockchain technology for new market operations and underlined the need of well defined rules for crypto assets, therefore enabling brokers to present a larger spectrum of goods. The sector welcomes this forward-looking viewpoint from the SEC as a means of increasing transparency and widespread acceptance.
Apart from regulatory hope, worldwide cryptocurrency funds still show strong influx. With digital asset investment products registering their fourth consecutive week of inflows totaling $882 million globally, CoinShares reports that the year-to- date total approaches the record set in early February. With record $62.9 billion in cumulative net inflows since their inception, US-listed Bitcoin ETFs have been a major contributor.
The continuous conjecture about a possible trade agreement between the US and China adds to the good vibe. Although specifics are still unknown, the White House’s declaration of “substantial progress” has inspired hope for lower trade tensions, which historically have linked with rising interest in assets like Bitcoin as a possible safe haven or just benefiting from a larger risk-on environment.
Bitcoin Crosses $105,000
Having lately achieved an intraday high close to $105,800, Bitcoin BTC/USD is trading at above $102,000 at the time of writing. Technical analysis indicates that although profit-taking at the $106,000 resistance zone could be a transient stop before a drive to new all-time highs. Bears are likely to have strong defense in the range between $107,000 and $109,588; yet, a significant breach above this zone could see the BTC/USD pair climb over $130,000.
One major tailwind for Bitcoin still is institutional demand. The ongoing accumulation of strategy, which lately adds another 13,390 BTC, significantly limits supply and fuels deflationary dynamic. The regular flows into US Bitcoin ETFs reflect strong demand from conventional finance. The forthcoming US Consumer market Index (CPI) announcement on May 13th may potentially affect near-term market movement; a lower-than-expected number might be positive, indicating possible Fed rate cuts, while a larger print would create bearish pressure. Key support levels to monitor on a possible downturn are $100,000 and the 20-day exponential moving average (EMA) around $97,238.
Dogecoin Rises 38% in May
With a 38% increase in May, Dogecoin DOGE/USD has shown remarkable resilience especially over the past week; this is its highest monthly performance this year. Currently trading above $0.22, “taker buyer dominant” spot volumes help to explain DOGE’s market strength—a trend not observed before notable rallies. The long-term holder Net Unrealized Profit/Loss (NUPL) crossing 0.5 also shows positive attitude among holders, therefore lowering the possibility of general selling.
For DOGE, technical experts see notable upward trend. Leading traders to expect a possible 180% rise with objectives at $0.65 and even $1.0, a positive MACD crossover on the weekly chart signals that has followed significant price swings in the past. Although Dogecoin is now seeing some profit booking after declining from $0.26, the breakout level of $0.21 is projected to be rather effective. A good defense of this level would see the DOGE/USDT pair ascend toward $0.31.
Aave’s TVL Crosses $40 Billion
DeFi lending method, Aave (AAVE) With onchain Total Value Locked (TVL) topped at $40.3 billion, Aave has hit a fresh benchmark. With Ave v3 owning about $40 billion, this record high confirms Ave’s supremacy in the distributed lending market. Both the growing cost of underlying assets like Ethereum and large user deposit inflows cause the increase in TVL. Aave’s TVL, in Ether-denominated terms, has seen real rise in deposited assets from around 6 million ETH at the start of 2025 to about 10 million ETH. Reflecting the exuberant market and continuous TVL development, Aave’s native AAVE token has also responded favorably, climbing about 25% in the past seven days.
Top TRUMP Wallets Hold Around $174 Million
Especially as the initiative finalizes the list of top tokenholders for a possible dinner and VIP tour with the former US President on May 22nd, the Official Trump Memecoin (Trump) still attracts interest. The top 220 wallets as of May 12th had a noteworthy 13.7 million tokens worth around $174 million. Given many top holders are apparently headquartered outside the United States, this project has spurred discussion and raised issues regarding possible security issues and conflicts of interest. The action also coincides with past interactions between Trump with crypto consumers—including those who bought his “mugshot” NFTs.
Top Altcoins to Watch Today
Several other altcoins are exhibiting promising technical setups and are on traders’ watchlists:
- Ethereum ETH/USD: Despite recent concerns regarding a potential vulnerability in the Pectra upgrade, ETH is showing strong bullish signals, with analysts eyeing targets ranging from $3,800 to $4,800 and even as high as $10,000 or $20,000 based on historical fractals and breakout patterns. Key support is around $2,320 and $2,111.
- XRP XRP/USD: XRP has broken above its resistance line and is attempting to scale the $2.50 resistance. A successful move above $2.65 could see it rally towards $3, signaling a potential trend change.
- BNB BNB/USD: BNB rebounded off the $644 breakout level and is attempting to move higher. Sustaining above $644 could see it target $745.
- Solana SOL/USD: SOL’s upward movement has stalled near the $180 resistance, but maintaining price above $168 and the 20-day EMA suggests bullish conviction, with a potential rally to $210 if $180 is cleared.
- Cardano ADA/USD: ADA is facing resistance near $0.86 but shows bullish signs with an upturn in the 20-day EMA and RSI. A breakout above $0.856 could lead to a rally towards $1.01.
Sui (SUI): SUI is facing selling at $4.25 but is holding above the $3.90 breakout level. Upward sloping moving averages and a high RSI suggest potential for a move to $5 if $4.25 is cleared.
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