Shiba Inu (SHIB) Token Signals Possible Major Gains Ahead, Rexas Finance (RXS) Shares the Stage

With over 78% year-to-date growth, the Shiba Inu (SHIB) token saw a noteworthy rise to $0.0000191 on November 8.

Shiba Inu (SHIB) has shown a remarkable price increase of over 90% in the past few months, reaching a high of $0.0000191 on November 8. Despite lagging behind other prominent meme coins like Pepe and Dogecoin (DOGE), SHIB still shows promise for a future increase. As its price sees a significant breakout, it could continue leading to a breakout soon. Here’s a breakdown of the price patterns signaling possible major gains.

Capital Rotation from Dogecoin to Shiba Inu might spark a SHIB Rally

This year hasn’t been too great For Shiba Inu compared to Dogecoin mainly because Elon Musk and others have been showing interest in DOGE lately. On a side, Dogecoins’ relative strength index has recently moved past the overvalued territory. This might lead to investors taking their profits. SHIB RSI is more balanced, so it has the potential to grow. Should funds move from DOGE to SHIB, it might spark a SHIB rally. This is more likely given the oversold conditions of the SHIB/DOGE trading pair, which point to a possible price recovery.

Shiba Inu (SHIB) Price Analysis: Key Levels to Watch Out For

Shiba Inu (SHIB) has seen a massive rally in recent weeks, surging by more than 90% from its October lows. The meme coin is now trading at $0.0000191, and it appears to be poised for further gains. Several technical indicators are suggesting that SHIB could rally to $0.00003710 in the coming weeks.

One of the key technical patterns that have emerged on SHIB’s price chart is the descending broadening wedge. This pattern usually forms when the price makes lower highs and lower lows within two diverging downward trend lines. As the pattern continues, the wedge grows smaller, indicating an impending bullish reversal. SHIB recently broke above a crucial level of $0.000018, opening the door for more gains.

Fib levels, a common tool used by traders to identify typical profit-taking zones and crucial levels for any pricing adjustments, also point to potential targets for SHIB’s rally. According to Fibonacci retracement levels, SHIB may rally as high as $0.00005685 before facing any significant selling pressure.

Shiba Inu (SHIB) recently completed a falling wedge pattern, which is also bullish. This pattern appears when the price consolidates within two downward-sloping trend lines that eventually narrow. SHIB recently broke the upper trend line, confirming its bullish trend. From the oversold area, the Relative Strength Index (RSI) has also entered a recovery phase that might help sustain an upward trend toward a target price of $0.000081.

Shiba Inu (SHIB) is likely to Break Out Soon

The price patterns that have been mentioned above all point to a potential breakout for Shiba Inu. So, it’s very likely that SHIB will witness a rally that will lead to a massive breakout for the token. However, investors should keep watch for movements in the market.

Click Here To Buy Rexas Finance (RXS) Presale

Rexas Finance (RXS): An Altcoin to Share the Stage With Shiba Inu

Meanwhile, Rexas Finance (RXS) is generating buzz in the crypto space with its creative approach to real-world asset (RWA) investment. Launched with a clear goal, Rexas Finance lets investors buy fractionalized tokens that represent real-world assets. This approach has drawn a lot of interest, particularly during its presale, where token values jumped from an initial $0.03 to $0.07, signifying a more than 100% rise. Now in the fifth stage of its presale, Rexas Finance has already sold over 117 million tokens, amounting to roughly 77% of the current phase. Within a week, it raised nearly $6 million, underscoring the enthusiasm around this project. At stage 6, the token price will rise to $0.08, with a planned final launch price of $0.20. Many investors are eager to secure their positions early, anticipating substantial post-launch gains. The decision to list Rexas Finance on CoinMarketCap and CoinGecko has also boosted confidence, allowing investors to track its performance live.

Rexas Finance’s unique point lies in its ability to democratize access to the RWA market. Traditionally, this market was dominated by large investors and institutions due to the high entry barrier caused by the high value of RWA assets. Rexas Finance wants to remove these obstacles by using blockchain technology so anyone can invest in fractions of these assets. This creates new opportunities for a larger spectrum of investors, from novice traders to experienced ones.

The Rexas Finance ecosystem includes several tools designed to make investing simple and accessible. For instance,