Nexchain is emerging as one of the fastest-growing projects in the crypto presale space, while Bitcoin and Shiba Inu remain in narrow technical ranges.
Bitcoin Traders React to Tight Technical Setup
Bitcoin is currently consolidating between two key moving averages. The 50-day EMA at $112,600 is acting as short-term support, while the 26-day EMA continues to block upward movement. This narrow price range has developed since Bitcoin dropped from its $122,000 peak in July. Buyers and sellers remain at a standstill as neither side has established control. The Relative Strength Index (RSI) is now at 52, reflecting a loss in momentum from the earlier surge. On-chain data shows that long-term holders have realized around $44 million in profits over recent sessions. Price remains in a holding pattern, with limited movement unless new demand enters the market. Bitcoin traded around $116K at press time, indicating a 2% increase in the past 24 hours.
Shiba Inu Shows Weakness Before Key Resistance
Shiba Inu has shown signs of weakness following a short recovery attempt. The token reversed just before reaching its 50-day EMA, near $0.00001296. Historically, this level has acted as mid-term resistance during rallies. However, this time the token failed to reach the level before turning lower. Volume remains low, and no significant buying has appeared during the reversal. With sellers still active, the price remains in a bearish pattern, indicating a lack of momentum and potential hesitance from traders to re-enter the market.
Nexchain Delivers Features Early in Presale Cycle
Unlike BTC and SHIB, Nexchain offers built-in features before its public listing. During the current presale crypto stage, users can access staking tools, smart contract modules, and cross-chain support. The platform also shares 10 percent of network gas fees daily with NEX holders using non-custodial wallets. These rewards are active during the presale, providing participants with an incentive to hold before the token lists. The testnet is set to launch on August 8, allowing users to experience a working demo of the platform. Developers already have access to SDKs and APIs, enabling them to build with dynamic contract logic ahead of mainnet deployment.
NEX is structured around long-term use and on-chain activity, gaining users and developers who prefer tested infrastructure over short-term price speculation. Compared to Bitcoin's resistance and Shiba Inu's failed rally, Nexchain's steady progress positions it favorably in the current market cycle.
