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The Shanghai Inu price has surged 95% in the last 24 hours to trade at $0.000000003039 as of 12:30 a.m. EST on a 256% pump in trading volume to $7 million.
Shanghai Inu Price Encounters A Resistance
The SHANG/USD pair on the 1-hour timeframe is currently trading at $0.000000003199, down 4.61% from the previous session. The price previously rallied sharply, reaching a peak near $0.0000000045, but has since retraced significantly.
It is now approaching a critical support zone between $0.0000000012 and $0.0000000015, an area where buyers may step in to halt the decline. If this support holds, as indicated on the chart, there is a potential for a rebound.
SHANGUSD Analysis Source: Dextools.io
The 50-period moving average (blue) is being tested as the price declines, while the 200-period moving average (green) lies significantly lower, reflecting overall bullish long-term sentiment.
The MACD indicator shows a bearish crossover, with the MACD line crossing below the signal line and the histogram moving into negative territory, signaling growing bearish momentum.
Shanghai Inu Price: Can The Bulls Regain Momentum?
The Relative Strength Index (RSI) is currently at 43.11, indicating bearish momentum but still in neutral territory. This suggests there is room for further downside before the market becomes oversold.
Key support zone near $0.0000000015 will play a crucial role in determining the next move. If the price rebounds from this zone, it could target resistance levels at $0.0000000025 and $0.0000000035.
However, if the support fails to hold, the price may drop further toward the next psychological level around $0.00000001. The short-term outlook remains bearish to neutral, with the support zone being a key level to watch for a potential reversal.
Crypto All-Stars Presale Surpasses $18.2 Million – 4 Days Left
As Shanghai Inu takes a breather after its recent price action, traders are flocking to buy Crypto All-Stars (STARS), a new meme coin project that’s become one of the biggest ICOs of the year after raising more than $18.2 million.
This multi-chain meme coin staking protocol has only 4 days left before it gets listed on major exchanges.
Popular YouTuber ClayBro, with a following of 133K subscribers, has predicted that STARS could see a 10X surge in value once it launches.
What sets Crypto All-Stars apart from the rest of the meme coin field is its unique staking platform, which allows users to stake multiple top meme coins all in one place for the first time. Rewards are paid out in STARS.
The platform will enable the staking of 11 popular meme coins from launch: DOGE, SHIB, PEPECOIN, FLOKI, BRETT, MOG, LADYS, TOSHI, COQ, BONK, and TURBO, with plans to add even more in the future.
In addition to staking popular meme coins, investors can also lock up their STARS tokens to earn a stellar 161% annual yield.
🔥 It's heating up in the All-Star House! 🔥
18 million raised and these All-Stars are hard at work to make your MemeVault dreams come true. 😉✨🚀 pic.twitter.com/446S0v6Uuu
— Crypto All-Stars (@all_stars_coin) December 16, 2024
Right now, STARS is priced at $0.0016782 per token and can be purchased using ETH, USDT, BNB, FLOKI, SHIB, PEPE, DOGE, or even a bank card.
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