Shiba Inu (SHIB) Facing Bearish Pressure Despite Shibarium Launch Updates
Shiba Inu (SHIB) has experienced a slight decline of 1% over the past 24 hours, trading at $0.000008318. However, its weekly performance remains positive with a 6.40% gain. Despite the price dip, SHIB’s trading volume has increased by 22.8% to $181.4 million.
Key Points:
- SHIB’s price is below the 200-day Moving Average, indicating bearish pressure on the market.
- The MACD indicator shows a weakening bullish trend.
- SHIB trades above the 50-day MA, potentially acting as a support level in the future.
- The resistance level at $0.00000850 poses a significant challenge for SHIB’s price movement.
While the current trend suggests a potential drop in SHIB’s price, market fluctuations could reverse this analysis.
yPredict Presale Achieves Fundraising Milestone and Offers AI-Powered Platform
yPredict’s presale has raised over $3.2 million and aims to reach $4.58 million. The platform utilizes artificial intelligence to optimize decision-making in the cryptocurrency market, offering market sentiment analysis, chart pattern recognition, advanced technical indicators, and AI-driven buy/sell signals.
Key Points:
- yPredict’s AI model has undergone rigorous testing, proving its effectiveness.
- Support channels have been established to ensure investor security.
- The presale offers the opportunity to purchase the native token, YPRED, at $0.1.
- After the presale, YPRED will be listed on multiple exchanges at $0.12, increasing liquidity and attracting more investors.
- Investors can participate by connecting their digital wallets and swapping Ethereum (ETH), Cardano (ADA), or Polygon (MATIC) for YPRED.
Overall, Shiba Inu (SHIB) faces bearish pressure in the short term, while yPredict’s presale presents an attractive investment option with its AI-powered platform.
Hot Take:
Despite the recent bearish pressure on Shiba Inu, the crypto market’s volatility makes it difficult to predict future price movements. However, the success of yPredict’s presale and its AI-driven platform indicate promising opportunities for investors and traders in the cryptocurrency market.
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