The Potential Comeback of SHIB: A 100% Surge on the Horizon
If you’ve been following SHIB, you may have noticed a drop in its price and trading volume. This indicates a weakening trend. However, when both price and volume decline, it often means that the downward momentum is slowing down. So, there’s a possibility of a comeback for SHIB.
Shiba Inu’s Shibarium Relaunch: Beyond a Meme Coin
Shiba Inu recently relaunched its Shibarium Layer 2 solution, similar to a tech company releasing a highly anticipated software update. This has brought renewed hope and energy to the ecosystem. The Shibarium relaunch has added credibility and usefulness to SHIB, moving it beyond being just a meme coin. Despite the lower trading activity and falling prices, the recent tech improvements suggest a possible turnaround for SHIB.
SHIB Price Inches Closer to June Support
At the moment, SHIB’s price is facing resistance at $0.00001136, allowing bearish momentum to take hold. If this selling pressure continues, it could potentially drive the price down to its significant support level from June at $0.00000608. Additionally, the daily simple moving averages are positioned above the price, reinforcing the downward pressure. The RSI for SHIB is currently at 37, indicating substantial selling pressure. However, there’s a possibility of a rebound from the support level at $0.00000604, leading to an upward movement in price.
Sonik (SONIK) Presale: Potential for Explosive Growth
Sonik Coin ($SONIK) has already gathered impressive funding of $1.674 million in its presale, with only 1 hour remaining. The project aims to become the fastest meme coin to reach a $100 million market cap. With innovative features and high presale participation, $SONIK is positioning itself for potential gains of 100x or even higher if it reaches a $200 million market cap.
Hot Take: SHIB and SONIK Present Opportunities for Crypto Investors
Both SHIB and SONIK present unique opportunities for crypto investors. While SHIB shows signs of a possible comeback, SONIK’s presale has already garnered significant attention and funding. Keep an eye on these projects as they continue to evolve in the crypto market.
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