The cryptocurrency market is witnessing a potential shift in the meme coin landscape as Shiba Inu (SHIB) faces a new and formidable rival. Pawfury (PAW) is rapidly emerging as a contender with the potential for extraordinary gains, generating buzz as it combines meme appeal with advanced features and a strategic presale approach.
Pawfury (PAW) – The New Next Gen Cryptocurrency
Pawfury (PAW) represents the next generation of cryptocurrencies, combining advanced technology with practical utility. Its unique features and strong community backing highlight its potential for substantial growth. This innovative approach makes Pawfury (PAW) a promising investment for the future, appealing to investors seeking high returns and sustainable success. With its strategic development and robust support, Pawfury (PAW) is set to lead the way in the evolving crypto landscape, marking it as a standout contender in the market.
Will Shiba Inu Price Rally Last?
The descending wedge pattern indicates that SHIB price is currently in a downward trend. The recent candlestick shows a small green candle after a series of red candles, suggesting a potential short-term reversal or consolidation phase within the descending wedge. The falling wedge pattern also often suggests a corrective phase, which might lead to a bullish breakout, but confirmation is required. The 50-day EMA is at $0.00001734, and the 200-day EMA is at $0.0000186, both above the current price. This confirms the overall bearish trend CoinGecko data shows. The Shiba Inu price chart sports an immediate support level of around $0.0000115, with a stronger support zone between $0.00001 and $0.000011, highlighted by the grey area. This zone also has a fair value gap that the price action filled in yesterday’s crash. Additionally, it was the last zone of market imbalance for the Shib price, meaning the dip may be over.
Conclusion
Shiba Inu whale activities is an interesting prospect but it remains to be seen if it affects its price positively. Pawfury provides an alternative with its presale. However, it is important that investors do their own research and due diligence.
The conclusion emphasizes that the actions of Shiba Inu's big holders might influence its price, while Pawfury offers an attractive alternative in the market.
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