Shiba Inu (SHIB) is still the focus of the crypto market as the price suggests that it may go up. However there have been some bearish signals in the last few days, SHIB investors keep an eye on support levels and signs that could indicate a rebound soon. On the other hand, Rexas Finance (RXS), relatively known as a new entrant in the competitive market, has set the pace with the tokenization platform and presale success.
Shiba Inu Approaches Key Resistance Levels
SHIB is currently trading at 0.00002648 USDT after having fallen below the 0.00002700 USDT crucial support level. This is general bearish pressure viewed across the crypto space, mainly driven by Bitcoin (BTC) which has pulled back from its high of 104;000 USDT. However, measurements for SHIB indicate that buyers could take the reins once again shortly. Shiba Inu has also remained above the 50-day Exponential Moving Average and keeps forming an ascending channel. Traders noted the cup-and-handle pattern on the SHIB price graph and established 0.0000327 USDT as a vital support level. Climbing above this level could turn the screws on the SHIB bulls and push this token towards its target of 0.000045 USDT, which is nearly 78% higher. If the bearish pressure grows stronger, SHIB may find more confluence supports at 0.00002430 USDT and 0.00002200 USDT.
According to buyers, volumes also matter and can be questionable at the moment, based on recent statistics. In Simple terms, if SHIBs trading volume goes high it could be used to set another run towards the other important targets to both bulls and bears; for example, 0.00005 USDT.
Rexas Finance: Presale Success and Price Potential
Rexas Finance (RXS), a decentralised finance blockchain project that aims to deploy tokenisation of real-world assets, is often mentioned as it progresses toward the end of the presales. At present, stage 10 of the RXS token costs 0.150 USDT, the next stage is 0.175 USDT. Currently, Rexas has gathered 26.9 million USDT and is currently raising an extra 33.1 million USDT.
Holders have taken a keen interest in the new direction that Rexas Finance is undertaking when it comes to the process of how assets are tokenized. Unlike other ventures, it claims to bring tokenization to its users at an easy-to-implement level no matter their expertise. Also, even the spot has recently successfully undergone a comprehensive security audit which a popular blockchain auditing company CertiK conducted. Thus in one and half years, RXS is expected to grow by 14,400%; taking the token straight to 21 USDT in no time soon. This lofty goal would explain why it is popular among buyers searching for the next big trend in the crypto market.
A Competitive Market for Meme and Utility Tokens
While Shiba Inu tries to find the best solution to price issues, concepts like Rexas Finance might be their way to purchase. However SHIB’s roadmap consists of goals to regain the previously occupied positions, RXS is poised to be an excellent candidate for real-world asset digitization in addition to proving itself viable after the successful presale and decent community response. They are the representation of the varying possibilities that exist in the crypto market. Regardless of whether it is a meme-based appeal or some of the spectacular use cases of blockchain technology, SHIB, and RXS are two coins to follow in the next few months.
Website: https://rexas.com
Whitepaper: https://rexas.com/rexas-whitepaper.pdf
Twitter/X: https://x.com/rexasfinance
Telegram: https://t.me/rexasfinance
Disclaimer: The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets. Past returns do not always guarantee future profits.
