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Shiba Saga (SHIA) is bullish today after a 26% gain in the last 24 hours.
SHIA has posted a significant rise in volatility over the past week, dropping by 48% in the last seven days.
Despite the recent gains, SHIA still has much to do before posting a new all-time high. The token is down by 62% from an ATH of $0.785 created on August 26.
Volatility remains high in the past 24 hours, with SHIA trading between $0.211 and $0.301.
SHIA Leaps After 26% Gain
SHIA continues to make commendable gains as buying pressure piles on. According to DexTools.io, SHIA has posted trading volumes of $3.4 million in the last 24 hours.
As SHIA is a fairly new token, it has recently witnessed volatile price movements.
On August 24, SHIA was trading at around $0.20. It posted a massive rally over the next two days, and by August 26, it had gained to $0.785.
After the uptrend was exhausted, SHIA’s price underwent a correction, with a steady decline happening towards the end of August.
SHIA started trading on a bearish momentum in September. However, the recent double-digit gains indicate that the low price might be attracting buyers.
Buyers Are Driving SHIA Gains
The Relative Strength Index (RSI) points towards a massive buying momentum. The RSI line also tips north, indicating buyers might continue driving the price action.
The RSI is at 64, and there is room for more gains to continue, in which case SHIA could rally to $0.5.
The Awesome Oscillator shows large volumes, with its histogram bars being on the positive side. This indicator shows the presence of bulls in the market.
Shiba Saga Garners Interest
SHIA is witnessing volatile price movements, but the team is working to bring the meme coin closer to a vast community.
Crypto market analysts on X (formerly Twitter) call for more gains. According to one analyst, the token has the potential for growth and a dedicated team.
🚨NEW GEM ALERT🚨 GO GET YOURSELF A BAG AND ENJOY THE RIDE!@Shibasagaio @CarlosR https://t.co/UzJIQY4wJl
(Contract: 0x43d7e65b8ff49698d9550a7f315c87e67344fb59
#shibasaga #crypto #cryptocurrencies #newgem #eth #ethereum #nft #AltCoins #AltCoin #shiba #ai #shibainu #wow pic.twitter.com/Rp8zDmBu9M
— CryptoKingLuis (@TheRealLuisSan) September 3, 2023
Shiba Saga also invests in marketing, putting up a billboard near SpaceX. The billboard has been strategically placed to attract the attention of the memecoin community, as SpaceX CEO Elon Musk is a big supporter of Dogecoin.
IM ON A BILLBOARD IN FRONT OF SPACEX
NOW @elonmusk WILL SEE MY FACE EVERY TIME HE DRIVES TO SPACESHIP WORK https://t.co/Li9FaRWvyy
— Shiba Saga (@Shibasagaio) September 3, 2023
New SONIK Meme Coin Explodes Past $1.2 Million
Amid SHIA’s recent gains, crypto investors are now looking towards the Sonik Coin meme coin with massive growth potential.
The SONIK presale has raised over $1.26 million, with only one day left before the presale closes. 1 SONIK is trading at $0.000014.
Purchases have increased as buyers rush to be early investors in a project with massive growth potential. The presale has a hard cap of $2.09 million.
Once the presale closes, SONIK will be listed on exchanges, with the price expected to explode shortly after.
The SONIK meme coin plans to become the fastest to attain a $100 million market cap.
The project has a stake-to-earn feature already being used before the presale even closes. More than 41 billion SONIK tokens have already been staked.
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