The post SHIB Warms Up with 34% Run, but this Hot Presale Token is Aiming for 5000x appeared on BitcoinEthereumNews.com.

Shiba Inu (SHIB), often called the “Dogecoin killer,” has risen, with signs of even more gains as it pushes past several technical indicators.  However, while SHIB continues to make headlines, investors are focusing on an even hotter presale token, which is making waves with its potential to generate 5000x returns. In this article, we will explore the future of SHIB and how this presale token stands to become a powerful contender in the market. Shiba Inu Price Prediction: A Strong October on the Horizon Shiba Inu has been gaining traction despite a slight dip to $0.0000182 on September 30, 2024. Despite this minor dip, the coin has shown resilience, reaching a high of $0.0000200 two days ago.  SHIB has pulled back 9.15% from that peak, but its short-term outlook remains bullish. Technical indicators reveal a promising scenario, with most indicators pointing towards a buy, confirming that there is room for the price to rebound. The first resistance level SHIB faces is $0.0000202. Should the token close above this mark, it could push even higher to the next target, $0.0000229.  However, if it fails to break through, the price could decline toward the $0.0000176 support level. However, investors should note that the 14-day relative strength index (RSI) stands at 77.82, signaling that SHIB is currently overbought, which could indicate a short-term price dip.  On the weekly chart, however, the RSI is much more neutral at 32.21, suggesting there is room for more gain in the long term. Looking at the historical data, SHIB has performed well in October, a month generally favorable for the token. Price predictions suggest SHIB could hit $0.0000221 in the next 10 days, with more optimistic forecasts pointing to a further 34% price surge in October. However, While Shiba Inu (SHIB) continues to gain interest, the real…

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Filed under: News - @ October 2, 2024 8:23 am