Baby Shiro Neko Price Prediction: BABYSHIRO Surges 28% As A Whale Buys $500K Of This Cat-Themed Rival Amid Coinbase Listing Speculation
The Baby Shiro Neko price surged 28% in the last 24 hours to trade at $0.003099 as of 02:30 a.m. EST on trading volume that skyrocketed 287% to $8.9 million.
Baby Shiro Neko Price Gearing Up Towards A Bullish Continuation Trend
The Baby Shiro Neko price is currently trading above the 50-day Simple Moving Average (SMA), which serves as a strong indicator of bullish momentum.
Additionally, the 50-day SMA itself is sloping upward, reinforcing the bullish sentiment in the short term. The recent rise in price, coupled with increasing volume, suggests that buyers are gaining control.
According to data from GeckoTerminal , a cup and handle pattern forms on the chart, highlighted by the yellow curve. This is a classic bullish continuation pattern that suggests a breakout may occur if the price successfully clears the resistance at the top of the “cup” at $0.003147. The handle portion appears near completion, and the price may soon test and attempt to break the resistance zone around $0.0035.
A successful breakout from this pattern could lead to a strong upward move, potentially targeting higher price levels.
Meanwhile, the RSI is currently at 57.85, which is in the neutral-to-bullish range. This indicates that the price is not overbought, leaving room for further upward movement. The RSI has recovered from lower levels (below 40 earlier), signaling renewed buying pressure.
The ADX, which measures the strength of a trend, is at 31.46. An ADX value above 25 confirms that the market is trending, and the current reading suggests that the trend is moderately strong. The upward slope of the ADX line indicates that the bullish trend is gaining strength.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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