Dogecoin and Shiba Inu show bearish signs

By: fxstreet|2025/05/05 15:00:01

Dogecoin and Shiba Inu prices hover $0.172 and $0.000012, respectively, on Monday after falling nearly 5% the previous week. DOGE and SHIB funding rates are negative, indicating more traders are betting that dog-based meme coins will fall. The technical outlook suggests a correction, targeting DOGE $0.157 and SHIB $0.000011. Dogecoin (DOGE) and Shiba Inu (SHIB) prices hover around $0.172 and $0.000012 at the time of writing on Monday after falling nearly 5% the previous week. DOGE and SHIB funding rates are negative, indicating more traders are betting that dog-based meme coins will fall. Moreover, the technical outlook for both meme coins suggests a correction, targeting DOGE $0.157 and SHIB $0.000011. Dog-theme meme coins' on-chain metrics show negative biases According to Coinglass's OI-Weighted Funding Rate data, the number of traders betting that the prices of Dogecoin and Shiba Inu meme coins will slide further is higher than that anticipating a price increase. This index is based on the yields of futures contracts, which are weighted by their Open Interest (OI) rates. Generally, a positive rate (longs pay shorts) indicates bullish sentiment, while negative numbers (shorts pay longs) indicate bearishness. In the case of DOGE and SHIB, the metric stands at -0.0012% and -0.0055% respectively, reflecting a negative rate and indicating that shorts are paying longs. This scenario often signifies bearish sentiment in the market, suggesting potential downward pressure on DOGE and SHIB prices. DOGE OI-Weighted Funding Rate chart. Source: Coinglass SHIB OI-Weighted Funding Rate chart. Source: Coinglass Apart from negative funding rates, Dogecoin’s Daily Active Addresses index, which tracks network activity over time, also paints a bearish picture for DOGE. A rise in the metric signals greater blockchain usage, while declining addresses point to lower demand for the network. In DOGE’s case, Daily Active Addresses have been extending a downtrend starting mid-March and reading 53,000 on Monday. This indicates that demand for DOGE’s blockchain usage is decreasing, which doesn’t bode well for Dogecoin's price. Dogecoin daily active addresses chart. Source: Santiment Santiment’s Age Consumed index projects a bearish outlook for Shiba Inu. The spikes in this index suggest dormant tokens (tokens stored in wallets for a long time) are in motion, and it can be used to spot short-term local tops or bottoms. In the case of SHIB, history shows that the spikes were followed by a fall in Shiba Inu’s price as holders moved their tokens from wallets to exchanges, thereby increasing the selling pressure. The most recent uptick on Monday, the highest spike since the end of March, also forecasted that SHIB is ready for a downtrend. SHIB Age Consumed chart. Source: Santiment Dogecoin Price Forecast: DOGE shows indecisiveness on momentum indicators Dogecoin price has been facing resistance around the weekly level of $0.181 since April 25 and declined nearly 5% last week. This level roughly coincides with the 50-day Exponential Moving Average (EMA) at $0.178, making it a key resistance zone. At the time of writing on Monday, it hovers at around $0.172. If the $0.181 level continues to hold as resistance, DOGE could extend the decline to retest its April 22 low of $0.157. The Relative Strength Index (RSI) on the daily chart hovers around its neutral level of 50, indicating indecisiveness among traders. If the RSI slips below its neutral level of 50, the bearish momentum will strengthen, leading to a fall in the Dogecoin price. Moreover, its Moving Average Convergence Divergence (MACD) is about to flip a bearish crossover. If the MACD shows a bearish crossover, it gives a selling signal and would indicate a downward trend. DOGE/USDT daily chart However, if DOGE breaks and closes above the weekly resistance at $0.181, it would extend the rally to retest its next resistance level at $0.20. Shiba Inu Price Forecast: SHIB bull shows weakness Shiba Inu price faced rejection around the descending trendline (drawn by joining multiple highs since mid-December) on April 26 and declined 11% until Sunday. This trendline roughly coincides with the 100-day EMA at $0.000014, making it a key resistance zone. At the time of writing on Monday, it hovers at around $0.000012. If SHIB continues its pullback, it could extend the correction to retest its April 16 low of $0.000011. The RSI on the daily chart reads 48, below its neutral level of 50, indicating bearish momentum. Moreover, the MACD indicator also showed a bearish crossover on Sunday, giving a sell signal and suggesting a downward trend ahead. SHIB/USDT daily chart Conversely, if SHIB breaks and closes above its descending trendline, it could extend its gains toward its next daily resistance at $0.000016 Related news Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH and XRP bulls turn cautious after rejection at key resistances Litecoin ETF has a higher chance of approval: Analyst Bitcoin Weekly Forecast: BTC looks set to head back to $100K after logging fourth straight week of gains

Currently, most Web3 projects are still in the stage of functional fragmentation, often focusing only on a single aspect, such as IP asset tokenization, transaction functionality, or a simple incentive model. This structural dispersion has become a key bottleneck hindering the industry's scale application.

BeatSwap's approach is more integrated, integrating multiple core modules into the same system, including:

· IP authentication and on-chain registration

· Authorization-based revenue sharing mechanism

· User-engagement-driven incentive system

· Transaction and liquidity infrastructure

Through the above integration, the platform builds an end-to-end closed-loop path, allowing IP rights to complete a full cycle of "creation, use, and monetization" within the same ecosystem.

Expanding from Web3 to a broader market: Restructuring the music industry's supply-demand structure

BeatSwap is not limited to existing crypto users but is attempting to take the global music industry as a starting point, actively creating new market demand. Its core strategies include:

Exploring and incubating music creators (Artist discovery)

Building a fan community

Igniting IP-centric content consumption demand

The current global music industry is valued at around $260 billion, with over 2 billion digital music users. This means that the potential market corresponding to the tokenization and financialization of IP far exceeds the traditional crypto user base.

In this context, BeatSwap positions itself at the intersection of "real-world content demand" and "on-chain infrastructure," attempting to bridge the structural gap between content production and financial flow.

"Space" to Launch in Q2 2026: Building the Core of SocialFi

BeatSwap's upcoming core product "Space" is scheduled to launch in the second quarter of 2026. This product is defined as the SocialFi layer in the ecosystem, aiming to directly connect creators with users and achieve deep integration with other platform modules.

Key designs include:

A fan-centric interactive mechanism

Exposure and distribution logic based on $BTX staking

User paths connected to DeFi and liquidity structures

Thus, a complete user behavior loop is formed within the platform: Discovery → Participation → Consumption → Rewards → Trading

$BTX Token Mechanism: Evolving from an Incentive Tool to a Value Carrier

$BTX is designed to be a core utility asset within the ecosystem, rather than just a simple incentive token, with its value directly tied to platform activity and IP use cases.

Main features include:

· Yield distribution based on on-chain authorized actions

· Value reflection based on IP usage and user engagement dynamics

· Support for staking and DeFi participation mechanisms

· Value growth driven by ecosystem expansion

With the increased frequency of IP use, the utility and value support of $BTX will enhance simultaneously, helping alleviate the "disconnect between value and utility" issue present in traditional Web3 token models to some extent.

Accelerating Global Exchange Layout: Enhancing Liquidity and Accessibility

Currently, $BTX has been listed on several mainstream exchanges, including:

Binance Alpha

Gate

MEXC

OKX Boost

As the launch of "Space" approaches, BeatSwap is actively pursuing more exchange listings to further enhance liquidity and global accessibility, laying a foundation for future market expansion.

Beyond Web3: Aiming for a Larger-Scale Integration of Content and Finance Markets

BeatSwap's goal is no longer limited to the traditional Web3 narrative but aims to target over 2 billion digital music users and a trillion KRW-scale content market.

By integrating content creators, users, capital, and liquidity into a blockchain framework centered around IP rights, BeatSwap is striving to build a next-generation infrastructure focused on "IP tokenization."

Conclusion

BeatSwap integrates IP authentication, authorization distribution, incentive mechanism, transaction system, and market construction to establish a unified structure that bridges the full lifecycle path of IP rights.

With the launch of the Q2 2026 "Space," the project is expected to become a key infrastructure connecting content and finance in the IP-RWA (Real World Assets) track.

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