Real Smurf Cat (шайлушай) Price Prediction: Will шайлушай Appreciate by 30%?

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Real Smurf Cat (шайлушай) has been experiencing significant price volatility over the past few hours, with the token surging by over 30%.

At the time of writing, the token stands out as one of the trending pairs on blockchain and DeFi data aggregate platforms, trading at $0.00004637 as of 4.47 a.m. EST, reflecting a 32% increase in the last 24 hours.

Шайлушай Bulls Prepare for Bull Rally

шайлушай/USD Chart Analysis. Source: GeckoTerminal.com — шайлушайUSD Chart Analysis. Source: GeckoTerminal.com

шайлушай chart shows a remarkable surge, with its price soaring by more than 700%, rising from $0.0000190 to $0.0001416, which also marked its all-time high.

However, the price encountered resistance at the $0.0001416 level, preventing the new meme coin from advancing further and causing a correction down to $0.000080.

This correction, however, was short-lived as the шайлушай bears pushed the price below this support, compelling the bulls to retreat to the $0.00002037 support zone.

A double-bottom pattern on this support has allowed the bulls to recover their losses, indicating that they are now in control of the price. The critical question now is whether the bulls can sustain this ongoing recovery.

The bulls are currently facing resistance at $0.00007791. However, there is potential for the Real Smurf Cat’s price to surpass this resistance due to the presence of the 50 simple moving average, which is currently acting as immediate support for the token. Such a move would represent an 84% increase from the current price.

The Relative Strength Index (RSI) is trending upwards at 48, rebounding from the oversold region of 30, indicating that buyers are in control.

Шайлушай Price is Bullish Bias

#шайлушай boolish 🔥 pic.twitter.com/wzLmqoWR8Q

— шайлушай BSC (@Smurfcatbsc) September 18, 2023

Шайлушай has a bullish bias, receiving support from both the RSI and the 50 simple moving average. This could propel the price above the critical resistance point, with the bulls targeting the $0.0001416 resistance level.

However, if the bears seize the opportunity, they might break below the 50 SMA. Breaching this level could potentially lead Real Smurf Cat back into a bearish trend, where it may trade for several days as its value declines to $0.00002037.

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