SHIB holds support as bulls return; MUTM backed to hit $1
Main Idea
Shiba Inu (SHIB) shows resilience by holding support at $0.000012 amid market weakness, while Mutuum Finance (MUTM) gains traction with its presale and is projected to hit $1.
Key Points
1. SHIB's price holds firm at $0.000012 despite broader market weakness, with trading volume jumping 40% to $215M, indicating dip-buying activity.
2. SHIB's RSI rebounds to 45.61, suggesting easing downward pressure, and reclaiming the 8-day SMA could pave the way for a rise to $0.000013.
3. Mutuum Finance (MUTM) presale is successful, with Phase 6 offering tokens at $0.035 and over 670 million tokens sold to 14,900 holders.
4. MUTM features a dual-lending model (P2C and P2P) and operates on Layer-2 technology, reducing transaction costs and addressing crypto investment challenges.
5. MUTM's presale momentum and projected growth to $3.50 per token make it a strong candidate to hit $1, with Phase 6 availability shrinking fast before a price hike.
Description
Shiba Inu (SHIB) is demonstrating notable resilience. Its price has been clinging firmly to vital support near $0.000012 amidst broad crypto market declines. Trading volume has been in excess of 40% within the past few days and is above $215 million, which is a good sign of dip-buying activity. At the same time, derivatives volume increased by 25 points, indicating increased participation of traders. This defensive action underscores a potential bullish reversal for SHIB. Concurrently, Mutuum Fi...
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