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Massive Gains Ahead As Analysts Predict Shiba Inu and Popcat to Deliver 1000% in January
A recent analysis suggests that Shiba Inu (SHIB) and Popcat (POPCAT) are poised for a significant surge, potentially delivering gains of over 1000% by the end of January. According to the latest market data, SHIB is approaching its nearest resistance level at $0.00002754 and if it manages to break through this point, it could test the next resistance at $0.00003197.
However, should SHIB fall below the support levels at $0.00001868 or $0.00001425, a further decline is possible. The Relative Strength Index (RSI) suggests that the coin is not overbought or oversold, indicating a potential reversal in its current downward trend.
On the other hand, Popcat (POPCAT) has shown significant price swings lately, with a recent 21.31% drop and a 50.86% decline over the past month. However, looking back six months reveals a surprising increase of 28.38%, indicating that POPCAT might be due for a rebound.
The RSI is currently at 25.07, which suggests that POPCAT is oversold, making it an attractive opportunity for buyers to enter the market. The current price range of $0.73 to $0.99, just above the 10-day Simple Moving Average of $0.60, hints at possible upward momentum.
If this momentum continues, POPCAT could test its nearest resistance level at $1.11, representing a 50% increase from current prices, and potentially reach the second resistance level at $1.37.
While both SHIB and POPCAT present promising opportunities for gains, it’s essential to keep in mind that market predictions are inherently uncertain and should be taken with a grain of salt.
Source: blockonomi.com
