Investors are keeping a close eye on two digital coins, Shiba Inu and Popcat, as analysts are predicting extraordinary gains of up to 1000% this month.
Shiba Inu (SHIB) has seen a slight decline recently, but it is still showing potential for growth. Despite a 1.85% price drop in the past week, SHIB has managed to maintain a price of around $0.000022. This is promising considering the coin’s 22.06% decrease in the past month. However, SHIB has shown resilience in the long term, with a 28.73% growth over the past six months.
The coin is currently trading within a range of $0.0000213 and $0.00002573. It is approaching its nearest resistance level at $0.00002754. If SHIB manages to break through this point, the next resistance is at $0.00003197. On the other hand, the nearest support level is at $0.00001868, with a second support at $0.00001425. Breaking these could signal a further decline.
Technical indicators present a mixed picture. The Relative Strength Index stands at 41.03, suggesting that SHIB is neither overbought nor oversold. The 10-day Simple Moving Average is $0.00002123, slightly below the 100-day average of $0.00002308. The MACD level is negative at -2.3246e-7, hinting at bearish momentum. With the Stochastic at 64.99, there’s room for upward movement. Based on this data, SHIB’s price could see a reversal if it breaks resistance levels, but falling below support may lead to further losses.
Popcat (POPCAT) has also seen significant price swings lately. The coin’s value dropped by 21.31% in the past week. This is a sharp decline, especially considering the coin’s 50.86% decrease in the past month. However, if we zoom out to the past six months, POPCAT has actually risen by 28.38%.
These figures suggest that POPCAT might be poised for a rebound. The Relative Strength Index is at 25.07, indicating the coin is oversold. This could attract buyers and potentially drive the price up. The current price range is $0.73 to $0.99, sitting just above the 10-day Simple Moving Average of $0.60, hinting at possible upward momentum.
If POPCAT gains traction, it could test the nearest resistance level at $1.11, which is about a 50% increase from current prices. Surpassing this could lead it to the second resistance level at $1.37. On the flip side, if the price dips, the nearest support level is $0.59, a drop of around 20%. The second support level sits at $0.33. Traders will be watching these levels closely as POPCAT navigates the market.
