After Plummeting 80% from Its 2021 Highs, Is Shiba Inu (SHIB) Still a Good Investment?

Originally a meme-inspired cryptocurrency with amazing popularity in 2021, Shiba Inu (SHIB) has witnessed a notable decline in value since then, now trading about 80% below its all-time high. Once praised as a symbol of the meme currency craze alongside Dogecoin, SHIB's erratic price path has left many investors questioning if it still makes sense long-term or if its finest days are behind us. From a simple "joke" coin a few years ago, SHIB has developed into a coin with an increasing ecosystem comprising a distributed exchange (ShibaSwap) and relationships with many projects and businesses. Notwithstanding these advancements, its price performance still causes a lot of discussion among crypto enthusiasts. Early 2024's SHIB price swings have shown a declining wedge pattern, usually interpreted as a positive reversal indicator. SHIB broke out from this trend by mid-2024, but rather than showing a notable rising trend, it has generally slid sideways, indicating consolidation. Regarding technical analysts, the present market behavior near important support and resistance points of view provides an understanding of possible price orientations. Concerning its 200-day moving average and Relative Strength Index (RSI), SHIB's recent price behavior shows a mixed picture of neutral sentiment: support levels offer a viable basis for future development but resistance levels restrict upward progress. This erratic price trajectory begs questions about whether Shiba Inu can recoup investor excitement and whether it presents a risk-reward profile worthy of keeping the token on the present market scene.

Knowing Shiba Inu's Present Situation

Right now, SHIB is just below its 200-day moving average, which comes out to be around $0.00001854. This line is a major resistance mark; SHIB has battled to top it even with the recent wedge breakout. With an RSI of about 53.4, SHIB shows neutral market circumstances free of any instantaneous bullish or bearish bias. Key support for buyers stays at $0.00001500, a level that has shown tenacity in the past few months. Should SHIB surpass its 200-day moving average, this would open a route toward important resistance levels at $0.00002000 and above. With possible support at $0.00001000, failing to retain the $0.00001500 support could cause more drops. Particularly as the wider crypto market expects the implications of future Bitcoin price changes, a significant breakout above resistance levels will be essential for SHIB to restart a bullish trend.

Investigating Alternative Investment Sources: Potential of Rexas Finance (RXS)

Rexas Finance is another token worth looking at for anyone thinking twice about their Shiba Inu purchase. Rexas Finance seeks to provide more liquidity and access to assets including real estate, art, and commodities by positioning itself as a forward-looking platform using blockchain technology for actual asset tokenization. This strategy makes investing more inclusive, transparent, and efficient, so transforming asset management. The Presale stages of Rexas Finance have drawn a lot of interest already. Early investors enjoyed gains of over 130% in just two months after the recently finished Stage 4 presale raised more than $5.4 million. Rexas Finance is already in Stage 5 and has received over $5.8 million; the presale is 74.56% complete and tokens cost $0.07. Driven by its creative ideas and community involvement projects like the Rexas Millionaire Giveaway, which provides $1,000,000 worth of RXS tokens to 20 winners each winning $50,000 worth of the tokens, the platform's traction points to great investment interest.

Looking ahead, Rexas Finance is scheduled to issue its RXS token on three main exchanges by Q1 2025 at an initial price of $0.20, hence possibly generating large returns to early investors. Investors can study RXS's development and examine its value proposition as a high-growth option in the blockchain industry through current listings on tracking sites like CoinMarketCap and CoinGecko. Experts believe that in 2025, rexas Finance can rally up to $5 providing over 5000% gains for investors.

In conclusion

Technical indicators and current market performance of Shiba Inu mirror the volatility and difficulties meme coins experience. Although the price potential of the coin is still unknown, some investors find a great attraction in it speculating-wise. Other initiatives like Rexas Finance, on the other hand, present a distinct value proposition and concentrate on actual asset tokenization, which can provide more sustainable development. Projects stressing innovation and practical value might offer the best chances for long-term investment returns as the crypto market develops.

About Rexas Finance :-

Website: https://rexas.com