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Junior Content Creator
Harvey Hunter
Junior Content Creator
Harvey Hunter
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As Shiba Inu struggles to regain momentum, a new ICO, Meme Index ($MEMEX), is rapidly capturing investor interest.
Despite the resurgence of “meme coin mania” post-inauguration, SHIB has remained notably excluded from broader market gains, derailing earlier bullish projections.
All the while, newer more promising opportunities are reaping new liquidity.
Over the past month, SHIB has suffered a 27.85% decline, with its recent price action marked by stagnation.
The battle between bulls and bears is clear—and right now, the bears are winning.
Shiba Inu Price Remains Stagnant: Have SHIB Holders Had Enough?
Technical indicators appear to read much the same, the bears have dominated recent moves.
Shiba Inu remains bound within a descending channel that has been forming since early December.
The Relative Strength Index (RSI) remains in deep bearish territory at 40, despite a recovery attempt after breaching the oversold threshold of 30.
Typically, such a rebound suggests seller exhaustion and the potential for a bullish reversal.
However, in Shiba Inu’s case, the bulls failed to capitalize, and momentum quickly fizzled out near the immediate resistance at $0.000016.
There is a glimmer of hope with the formation of a MACD golden cross, as the MACD line mounted a crossover above the signal line.
However, this potential bullish signal is unlikely to deliver as trading volume continues to decline, falling another 12.5% to $232 million today.
While the possibility of a 75% breakout gain remains, it seems Shiba Inu holders are being lured away by more promising opportunities in the broader meme coin market.
Shiba Inu Holders Have Fallen Behind, Meme Index Lets Holders Stay Ahead
While other meme coins are surging in the latest wave of meme coin mania, Shiba Inu appears to be lagging – struggling to regain any real momentum.
This raises the question – where’s the real opportunity?
Meme Index (MEMEX) seems to have the answer, turning this very dilemma into its advantage – raising nearly $3.6 million in its presale so far.
As meme coin mania makes a comeback, those elusive 10-100x opportunities are seemingly everywhere.
If you’ve missed out before, the Meme Index gives you the chance to increase your exposure to such opportunities.
Meme Index introduces the world’s first decentralized meme coin index, offering a carefully curated selection of meme coins that balances high growth potential with effective risk management.
With four distinct baskets, investors can tailor their strategies to align with their goals, whether targeting steady growth or pursuing higher-risk, higher-reward opportunities.
By holding $MEMEX, investors can also generate passive income through staking, with an impressive APY of 643%—though this rate will adjust as more users join.
Join Meme Index on X and Telegram to stay up to date on the latest announcements.
