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Shiba Saga Price Prediction: Can SHIA Outperform Its Peers with a 70% Gain?

Shiba Saga (SHIA)
Shiba Saga (SHIA)

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Shiba Saga (SHIA) is a new crypto in the meme coin ecosystem, joining the likes of Dogecoin (DOGE), Shiba Inu (SHIB), Pepe coin (PEPE) and Bone ShibaSwap (BONE), among others. The token premiered on the Poloniex exchange on August 23, with the Coinbase effect catapulting SHIA 18,052% from $0.0333 to an all-time high of $3.6825. With a cloud of optimism still hanging around the token’s price action, let us investigate whether Shiba Saga can outperform its peers with a 70% gain.

Does Shiba Saga Have Enough Bullish Fundamentals For 70% Surge?

Touted as the “king of crypto-Dog of @CarlosR,” Shiba Saga integrated Uniswap Version 3 (V3) recently, embracing a lean liquidity pool (LP) for continued growth and scalability. The V3 delivers enough liquidity requisite for centralized exchanges.

It also facilitates capital efficiency, facilitating community giveaways, bigger marketing budgets, and shortened product-to-market timelines. Evidence of this is in the community’s access to exclusive AMAs, competitions, and prizes, which could inspire buying pressure as investors look to join opportunities exclusive to community members.

The token is listed on Coinstore and will go live on Bitget Exchange today, September 19.

Shiba Saga Price Forecast Amid Growing Overhead Pressure

Shiba Saga’s price is consolidating under the foothold of the 9-day Exponential Moving Average (EMA) at $0.1573. It comes after a 30% slump from the intra-day high of $0.2112 recorded on September 17 before it found support at $0.1476. SHIA is attempting a recovery with this holding level, but the odds favor the downside.

The Parabolic SAR tracking Shiba Saga price from above acts as resistance bolstered by the 9-EMA, limiting the upside potential for the meme coin. However, the Relative Strength Index (RSI) is tipping north, suggesting rising momentum, which means the Shiba Saga price could increase.

Overcoming the 9EMA hurdle would clear the path for more gains, potentially sending SHIA north to the $0.1676 hurdle. In a highly bullish case, the gains could extend to $0.1799. A solid break and close above it would give the meme coin a chance to extend north, possibly going as high as breaking the range above the $0.2000 psychological level. This would indicate a 25% ascend above current levels.

Shiba Saga
TradingView: SHIA/USD 4-hour chart

However, a rejection from the 9-EMA could send the Shiba Saga price below the immediate support at $0.1476. In cases of extreme profit-taking, the downtrend could continue until SHIA tests the range low at $0.1209. The move would constitute a 25% slump.

It is worth mentioning that the RSI trajectory with an overall flattened look is concerning, worsened by the 9EMA and Parabolic SAR indicator. These show that the path with the least resistance is southward.

Promising Alternative To SHIA

WSM presents the most promising alternative to SHIA, a project manifesting the “internet’s triumph over rampant capitalism.” The project is touted as the “tokenization of the retail movement against Wall Street’s orchestrated monopoly of financial markets.”

Since the presale premiered, the WSM ecosystem has steadily grown to become one of the most significant communities in the crypto arena, with more than a million members in the community. It boasts some of the highest social engagement, even as it strives to legitimize loyal supporters of the movement.

Now is the time to join the Wall Street Memes community before it is listed on tier-one exchanges.

Besides the debut potentially coming with a value increase for the WSM token, it will also help sustain the growth of the Wall Street Memes community and reward loyal members. Do not miss this out.

The Wall Street Memes presale is a grand success story, having breached the $25 million mark weeks ago. In the final lap of its initial coin offering (ICO), its thriving community members joined in the early anticipated value surge for the token. Analysts say the early entrant discounts could yield 10X gains for investors who joined the community early. They have also listed it among the best cryptocurrencies to buy in September.

You can also join the Wall Street Community of stakers. Staking helps reduce selling pressure on the meme coin. In doing so, you earn income passively, besides remarkable block rewards as high as 75 per block. The Annual Percentage Yield (APY) is currently 58%, with almost 350 million WSM tokens staked.

Visit WSM here

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