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Bitcoin1 is displaying signs of recovery after experiencing a drop from its all-time high of $0.0000005976.
As of 7:28 am EST, the token price is trading at $0.0000001427, recording a 4.7% increase in the last 24 hours.
This positive momentum draws the attention of investors and traders closely observing the market for potential gains. The token is currently anticipating its listing on the MEXC exchange.
Upon its launch, BITCOIN1 witnessed a remarkable spike in price, attracting numerous investors who drove it to its all-time high (ATH) of $0.0000005976.
However, the ATH level acted as a significant resistance point, triggering a retracement that forced the bullish momentum to retreat, eventually settling at $0.0000001668.
Subsequently, the token’s price entered a descending channel pattern, with two lower lows and two lower highs, signaling a bearish trend. Nevertheless, there are indications of a potential short-term recovery.
The channel’s lower boundary showed signs of a rebound, reflected in the emergence of small bullish candlesticks. This could lead to a price surge shortly.
Moreover, the relative strength index (RSI) trades at 32, above the oversold region (30) pointing upwards.
The rebound on the oversold mark will help the bulls recover their losses in the short term indicating increased buying pressure from the bulls.
While BITCOIN1 faced a retracement after reaching its ATH, the price suggests a short-time surge to $0.0000002540. Conversely, the price might continue trading within the channel on a bearish trend.
Investors who diversify their crypto portfolios should consider exploring a new cryptocurrency in presale Shibie Coin ($SHIBIE).
With a low risk-reward ratio and the potential for 10x returns on investments in 2023, it offers a unique opportunity to diversify crypto portfolios and capitalize on significant growth potential.
Shibie Coin ($SHIBIE): Ambitious, Playful, and Unique Tokenomics
Shibie Coin stands out as a unique and ambitious cryptocurrency with a distinct mission to conquer the crypto realm with unparalleled charm.
Prancing onto the scene, Shibie Coin aims to leave its paw prints across the blockchain, captivating the crypto community with excitement and anticipation.
📢 The wait is over! The #Shibie presale is NOW ON. Don't miss this golden opportunity to be a part of the Shibie community from the start. Secure your future in the world of #crypto today! ⏳🐕 #Presale 💋💋💋https://t.co/BLdI0jv7ku pic.twitter.com/m5ceRYT1nT
— Shibie Coin | Live (@ShibieCoin) August 1, 2023
The tokenomics of Shibie Coin intrigues potential investors, with an impressive 60 billion $SHIBIE tokens, accounting for 60% allocated for the Presale, 10% for CEX Listings, 5% for the Team, 5% for Marketing, and 20% dedicated to Liquidity.
Those considering investing in this exciting new coin should exercise caution and be prepared for an exhilarating ride.
With aspirations to disrupt the status quo and take the market by storm, Shibie Coin has the crypto space buzzing with anticipation.
Drawing inspiration from the successful Barbie movie, its pink website and references to Barbie showcase its unique character.
#Shibie is taking the #crypto world by storm, doggy style! 🐕💖 No rulebook, no conventions, just pure, feisty spirit. Buckle up for this rollercoaster ride and get ready for a howling good time in the digital dog park! #bullrun
Join the #presale now: https://t.co/0vq6u6CXw2 pic.twitter.com/GCyCmZu3fo— Shibie Coin | Live (@ShibieCoin) August 3, 2023
In its ongoing presale stage, SHIBIE has successfully raised $97,005.93 and aims to raise $999,999 within four days. Investors can purchase Shibie coins by connecting their digital wallets to the token’s website and swapping their ETH, BNB. The current price for each SHIBIE coin is $0.000167.
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