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Shiba Inu (SHIB) saw a 26% drop in trading volume over the past day, but its value exhibited a slight upturn of 1.6%, hitting $0.00000858.
Given this scenario, it poses the question: should investors consider other options or stick with SHIB’s potential future recovery?
SHIB Price Breaks Descending Channel
The Shiba Inu (SHIB) price shows a bearish trend, with two instances each of lower lows and highs, and trading within a downward channel since peaking at $0.00001573.
A moving average crossover supports this negative market sentiment.
A potential recovery in SHIB price is indicated by its break above the bearish channel, marked by a sequence of green bullish candlesticks, implying a shift in sentiment and a potential uptick in the price trend.
Shiba Inu (SHIB) Price Technical Indicators Point to Potential Upside
The array of technical indicators implies potential ongoing bullish momentum for Shiba Inu (SHIB).
Its price, presently above the 50-day simple moving average, is progressively nearing the 200-day average.
A bullish shift for Shiba Inu (SHIB) could be confirmed with a sustained rise above the 200-day SMA, supported by the 50 SMA.
The positive outlook is also suggested by the rising RSI near the overbought region at 62, and the Awesome Oscillator’s green bars.
If this upward momentum persists, SHIB could potentially break its channel to reach a high of $0.00001203.
However, a bearish shift prompted by the 200-day SMA could decrease the price to the 50-day SMA or a support level of $0.00000644.
For high returns during the meme coin season, the Wall Street meme ($WSM) token, buoyed by a successful presale, is a viable investment option.
Wall Street Memes ($WSM): Where Humor Meets Financial Prowess in Crypto
Wall Street Memes ($WSM) presents a novel crypto project that integrates humor and financial prowess, capitalizing on the universal appeal of memes to offer investors a unique and seamless user experience that blends entertainment with serious investment. The project masterfully channels the ethos of the iconic “Wolf of Wall Street,” effectively transitioning the spirit of stock trading into the digital age.
— Wall Street Memes (@wallstmemes) July 26, 2023
Wall Street Memes humorously challenge traditional financial paradigms, crafting a fresh narrative for modern-day investors. It utilizes memes and social media to engage a vibrant dialogue around finance, appealing to a new generation of crypto enthusiasts.
Its thriving community makes Wall Street Memes an excellent project for investors. With over 1 million active users across its social media pages and generating 40 million impressions, the project’s remarkable community engagement has rapidly secured an impressive $18.8 million, making it one of this year’s most sought-after presales.
Wall Street Memes($WSM) Excitement Soars with 100X Reward Potential
Wall Street Memes have captured the attention of the masses and attracted interest from industry magnates.
Experts predict that Wall Street Memes ($WSM) could increase by 100 times once it hits the market.
In its ongoing presale phase, the project has gathered $18.8 million out of its $19.9 million target.
The token value is set to rise from $0.0325 to $0.0328 with the completion of the current presale phase, and it is expected to continue ascending as the project progresses.
In the next stage, $WSM’s price will increase to $0.0328 and will likely keep rising, especially as it prepares to be listed on major exchanges. Prospective investors are encouraged to act quickly, considering the growing excitement and the potential for significant returns, with a potential 100X reward for those who get in early.
You can purchase WSM tokens on the Wall Street Memes official website using crypto (BNB, USDT) or a bank card.
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