Shiba Inu Price Outlook More Bearish Than Bullish, Traders Are Flocking To This Competitor

Shiba Inu, one of the top dogs of meme coins, is riding the green wave with popular cryptocurrencies in today’s trading. After dropping sharply to $0.00001398, SHIB rebounded with a 4x surge in trading volume, and is now solidly above $0.000015. SHIB is +2.0% from its last week’s performance, reflecting its resiliency in the face of fast-changing market interest and regulatory conditions. Zooming out, the Shiba Inu price outlook is currently mixed, with both bearish and bullish signals on different timeframes. On a 4-hour chart, there are a few bearish indicators, with its 50-day moving average subsiding, pointing to a potential short-term correction. As the Shiba Inu coin looks for a major catalyst, many traders are eyeing a crypto in presale with a solid use case and better ROI prospects: Remittix . Remittix: Reinventing Cross-Border Payments Remittix is a blockchain-based payments platform that aims to revamp the way we do cross-border payments. Unlike traditional fintech apps like Wise or Spribe that allow fiat-to-fiat transfers, or Coinbase that permits crypto-to-crypto payments, Remittix goes all out: crypto-to-fiat settlements. Remittix’s take on PayFi isn’t just same-day transactions and reaching the unbanked—it promises lightning-fast settlements with no FX fees or hidden charges. Using Remittix’s Pay API is a breeze, whether you’re an individual user or a business owner. For individuals, just connect a wallet, add crypto, and complete your international payments in over 30 fiat currencies. And for enterprises, there are two options: use the Remittix platform or use the project’s Pay API. Whatever option is used, Remittix delivers: fast cross-border settlements that are cheap and rated safe . Shiba Inu Price Slightly Recovers, But Bearish Sentiments Remain Image Source: CoinGecko The Shiba Inu coin is one of the top-performing meme coins in recent years, thanks to a demonstration of its resilience. SHIB’s ability to recover from a sudden dip in price with huge trading volume suggests growing institutional support, rather than retail traders’ panic. Also, SHIB’s exchange outflow recorded 111.8 billion tokens, suggesting large-scale accumulation by investors. Finally, the token’s burn rate increased to 85.81% in a single day, effectively removing more than 15 million SHIB tokens from circulation. While these developments suggest SHIB’s resilience, a prevailing bearish sentiment remains. On-chain data suggests that whales have been offloading their SHIB holdings, putting pressure on the token’s price. In addition, the Shiba Inu coin has failed to break above the descending trendline, which was formed since its peak in the first half of 2024. Shiba Inu Coin and Remittix: Which Token Can Bring Bigger ROI in the Near Term? Next to Dogecoin, the Shiba Inu coin is one of the most traded meme coins. SHIB’s slowly capturing the attention of institutional investors, and devs are cleaning up its supply, increasing its burn rate in recent days. However, SHIB is currently struggling against its next resistance: $0.0000165 to $0.0000170. As SHIB finds a solid footing, the RTX token presale is racing with another price increase in sight. Currently, it sells for $0.0781 and targets $0.0811 as its next price hike. Early buyers who purchased the RTX tokens at their introductory price of $0.015 are now assured of a 420% ROI, and still counting. With a fast-moving presale, now’s the prime time to grab your RTX! Need more information about the RTX token and presale steps? Get more information here: Website: https://remittix.io/ Socials: https://linktr.ee/remittix Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Source: Crypto Daily