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.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.