Shiba Inu Price Prediction: As Shibarium Completes Hard Fork, This Dog-Themed Meme Coin Will Be Explosive in Presale

Shiba Inu Price recorded There have been minor losses over the past 24 hours as investors have gradually sold some of their Meme Coin holdings, with the coin trading at $0.0000228 as of 8:05 AM EST.

Nonetheless, according to the project team’s This upgrade will allow token holders to enjoy “ultra-fast transactions” and “predictable gas fees.”

One/ #cybarium Hard fork completed successfully at block height 4504576!

Prepare:
•Very fast transaction! ⚡
•Predictable gas costs! ⛽️ pic.twitter.com/oQrtF3OMTe

— Shibarium Network (@ShibariumNet) May 2, 2024

These positive fundamental developments could soon give SHIB a much-needed boost and spark a recovery after last week’s slump. Like most markets, shiba inu The price corrected earlier this month and has since fallen more than 10% in the weekly period.

Shiba Inu price is defying resistance

SHIB/USDT 4-hour chart (Source: TradingView)

The Shiba Inu price broke through the medium-term downward price channel shown on the 4-hour chart. After breaking out of this bearish phase, the price of MEM Coin also attempted to rise above the $0.00002308 resistance line.

SHIB could briefly rise above this point, but sellers are doing their best to prevent a strong uptrend. if shiba inu If the price fails to close a 4-hour candle above $0.00002308 within the next 12 hours, the recent gains are at risk of being erased.

As a result, traders could dump SHIB, potentially leading to a retest of $0.00002048 support. At this point, continued selling pressure may cause the price of Meme Coin to fall below the technical support and possibly the next level of $0.00001845 in the near term.

On the other hand, if the 4-hour candle closes above $0.00002308 over the next 12 hours, SHIB could provide a good platform for upside in the coming days. Traders can identify a closing price above $0.00002308 as a buy entry, which can then push the Shiba Inu price towards the $0.00002535 threshold.

In an extremely optimistic scenario, the Shiba Inu price could rise to $0.00002851. However, technical indicators on SHIB’s 4-hour chart suggest that the meme coin may not rise this high for the next few days.

Shiba Inu prices at risk of entering bearish cycle

SHIB is currently in a bullish trend, but this positive cycle appears to be coming to an end. This is supported by the Moving Average Convergence Divergence (MACD) line which is collapsing towards the MACD signal line.

Additionally, buyers have more power than sellers on the Memecoin chart. Similar to the Shiba Inu’s positive trend, the bull market seems to be losing steam. This can be seen by the relative strength index (RSI), which is falling towards the simple moving average (SMA) line on the 4-hour chart.

Traders and investors will want to look at the crossover between the MACD and the MACD signal line or the RSI and SMA lines. The intersection of these technical indicators could signal a change in SHIB’s trend from bullish to bearish.

While SHIB’s bulls and bears compete fiercely on the meme coin charts, a new dog-themed competitor emerges. doggers Investors are excited.

After raising more than $13 million through an ICO, the pre-sale is giving investors one last chance to purchase the cryptocurrency before it launches.

The first multi-chain meme coin

Dogeverse (DOGEVERSE) is the first cross-chain meme coin to enter the market. The token boasts a high level of utility not typically associated with the lightweight cryptocurrency sector and allows investors to seamlessly transfer value across multiple networks.

We bring you great news from space. #DOGEVERSE! 🌌

A whopping 17.8 billion $DOGEVERSE tokens are now staked in our ecosystem! Congratulations to the entire community.#Staking Not only do we support the network, but we also reward you for being a dedicated community member. 💪 pic.twitter.com/PiR9dTWx9m

— DogeVerse (@The_DogeVerse) April 30, 2024

DOGEVERSE holders can therefore participate in a variety of DeFi protocols across the most active and liquid blockchain networks. This provides investors with the opportunity to maximize the returns their assets can generate.

In addition to accessing great speculative opportunities, DOGEVERSE buyers can also lock their tokens into the project’s native staking solution for additional rewards.

Get competitive APY

Anyone who purchases and stakes DOGEVERSE during this initial phase can earn up to 84% in annual rewards. This may be one of the reasons why investors are rushing to acquire tokens during the ICO stage, and why YouTubers like ClayBro, who has 127,000 subscribers, are talking about it.

To get started, all investors need to do is visit the project’s official website. It has a simple purchase widget built in, allowing you to purchase tokens using ETH, BNB, MATIC, BASE, SOL, AVAX, USDT or your bank card.

Buy DOGEVERSE here and get up to 85% annual rewards.

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Dogeverse – Multichain Meme Coin

• Early access presale is live now.
• Bridge to Solana, base, BNB chain, polygon, avalanche
• Staking Rewards – thedogeverse.com
• Trade with low fees
• World’s first chain travel governor – Cosmo