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After facing substantial resistance at $0.00001008, Shiba Inu (SHIB) faced a decline.
However, the bulls remain determined, pushing the price back upward.
Over the past 24 hours, SHIB has experienced a significant surge of 10%, reaching a trading value of $0.00000992 as of 8:19 am EST. Additionally, its trading volume has increased by 94.7%.
The daily chart analysis indicates a possible upward movement in SHIB’s price. The pair has effectively found support at $0.00000865, preventing further declines.
SHIB has been in a continuous downtrend since February, marked by a falling wedge pattern featuring two lower lows and two lower highs.
A significant breakthrough above the wedge indicates a potential shift from a bearish to a bullish trend. This development suggests a positive change in market sentiment and potential growth opportunities in the upcoming days.
However, the SHIB/USD pair encountered resistance at $0.00001008, causing a short price retracement.
SHIB’s price has shown remarkable resilience but is struggling to surpass the 200-day simple moving average. The price currently trades above the 50-day moving average, supporting the price. The 200-day SMA holds significant importance as a support level, potentially empowering the bulls to push SHIB’s price back to its previous resistance at $0.000001589.
Furthermore, the SHIB/USD relative strength index (RSI) indicates a rebound, pointing upwards towards the 70-level mark, currently positioned at 65.
Based on this analysis, if SHIB breaks above the 200-day SMA, we predict the price to surge to $0.00001586. Conversely, if the 200 SMA remains resilient, it can reach the support level at $0.00000782.
For investors who may have missed the recent short-term SHIB rally, the Chimpzee presale project emerges as an enticing opportunity.
This project has achieved a significant milestone in its presale funding phase, offering a low initial price that holds the potential for high returns in the future.
Chimpanzee (CHMPZ) – Alternative to SHIB
Employing web3 technology, the initiative has achieved significant milestones, encompassing a marketplace, shop, NFTs, and play-to-earn (P2E) games. This amalgamation of web3 and crypto incentives has garnered substantial attention from gaming and cryptocurrency communities.
🌟🦍 Venture into the realm of #Chimpzee, where our purpose is to preserve wildlife and protect the environment!🌳🌿
💚🛡️We are committed to battling deforestation and safeguarding species! 🌳🦍
🚀🌟Join the 9th Stage of the #Presale today!🌍🔗
https://t.co/Geog3EVuMC pic.twitter.com/qwSy02RQK7— Official Chimpzee Project (@RealChimpzee) August 5, 2023
At its heart, Chimpzee revolutionizes conventional charitable donations by enabling individuals to earn money while contributing.
The platform also raises awareness about pressing issues such as deforestation, animal preservation, and environmental concerns.
The tokenomics have been meticulously crafted to support charitable causes, incentivize the community, and drive product development.
⚡Don’t miss your chance to own a #Chimpzee Gold #NFT Passport 🏆💎
🚨Limited quantity available!⏳
🎨Choose one of 8 designs to match your style!🖼️
💰Boost your share of NFT trading fee profits and earn bonus $CHMPZ tokens within our ecosystem! 💸https://t.co/Geog3EVuMC pic.twitter.com/siCSJoTlgI
— Official Chimpzee Project (@RealChimpzee) July 16, 2023
Chimpzee introduces NFT passports – Diamond, Gold, Silver, and Bronze – to optimize user engagement, delivering heightened earnings and premium privileges within the ecosystem. Early Chimpzee investors can avail of a 100% bonus during the presale phase.
The platform maintains a user-centric approach without fees, sales, or purchase tax.
In its 9th stage, Chimpzee’s presale phase shines a light on the web3 domain, bringing forth unparalleled potential. Having raised over $1.15 million, Chimpzee stands ready to reshape the cryptocurrency landscape with its distinctive focus and promising opportunities.
Hey #ChimpzeeArmy!🌟🦍
We've just entered the 9th Stage of the #Chimpzee #Presale!🚀💎
It's the final golden phase in the presale!💰⏰
Participate in the #Chimpzee mission to earn, combat climate change, and support animal conservation!💸🐾https://t.co/Geog3EVuMC#EcoCrypto pic.twitter.com/No4xaFzuhk
— Official Chimpzee Project (@RealChimpzee) August 5, 2023
Chimpzee has successfully concluded the distribution of its 10 million CHMPZ tokens through an airdrop. This allocation of airdrop tokens followed a first-come, first-served approach, ensuring that investors with larger stakes received rewards proportional to their investments.
Invest in CHMPZ Tokens, Seize the Opportunity for Impressive Returns
You can get CHMPZ tokens for just $0.00085 each during the presale. As the presale advances to its final stage, the value of these tokens is poised to rise significantly to $0.00185, promising substantial returns for early investors.
Investors can take advantage of the chance to join Chimpzee’s exciting journey and secure their investment in CHMPZ tokens before the token price climbs to $0.00095.
You can acquire CHMPZ tokens by linking your digital wallet to the token website and exchanging USDT or ETH. You can also purchase tokens directly with your bank card.
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