The post Shiba Inu and PEPE Stay Rangebound as DTX Exchange Crosses $2 Million Raised appeared on BitcoinEthereumNews.com.

Shiba Inu (SHIB) and PEPE continue to trade within a narrow range as the market eagerly watches the latest developments in the crypto world. Notably, the DTX exchange has successfully crossed $2 million raised in its ongoing presale, with each token currently priced at $0.06. This article will delve into the price movements of SHIB and PEPE, and explore why DTX Exchange is making waves in its presale phase. Shiba Inu (SHIB) Remains Rangebound Despite Minor Gains Shiba Inu (SHIB) weekly trend is down by 7.64% and the ranged-trend also continued in the monthly time frame between $0.44 and $0.0000135. The Exponential Moving Average (EMA) presents a bearish outlook for Shiba Inu (SHIB), indicated by the “Sell” sign displayed on the technical indicator that the price is trending downwards. The EMA is a lagging indicator that emphasizes the buying or selling pressure over a specified number of periods and hence, it is approaching the current price. Although it sees some fluctuations within this tight trading band, Shiba Inu (SHIB) has been unable to break through this range. The current price action in the market is one of indecision: bulls and bears are unsure about the future direction of SHIB and their indecision prevents the price of Shiba Inu (SHIB) from moving out of a narrow trading band. Weekly Analysis: PEPE’s Bearish Trend and Declining Price Movement The past week marked a major decline for PEPE, with the price dropping by 14%. Commencing the week at $0.0000099, the token steadily declined to hit new lows. By the week’s close, it had dropped even further to $0.00000757 before experiencing a slight uptick to end at $0.00000780. The direction was bearish as price attempts to pick up support on a wider downtrend movement making it a horrible week for the token. According to…

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Filed under: News - @ September 1, 2024 5:11 pm