According to CryptoPredictions, Shiba V Pepe started October 2023 at $0.000000019060641 and is expected to end the month at $0.000000000200795. During October, the predicted high price of SHEPE is $0.000000000442744 and the low is $0.000000000200795.
Shiba V Pepe (SHEPE) recently suffered a 5% drop as sellers demonstrated strong resistance. Which puts downward pressure on the price of the token. The decline intensified in early September, when the daily decline reached 28%, and the price reached $0.000000013711.
Additionally, daily trading volume decreased by 6.5%, reaching $4 million. Not even the listing of SHEPE on the MEXC and Bitget exchanges on September 8 caused an upward movement.
SHEPE Price Recovery
Since its entry into the cryptocurrency market, the price of SHEPE has shown an upward trend. However, it seems that the price found a resistance level, triggering a sharp correction. In other words, leading the bulls to seek refuge near the lower trend line.
Furthermore, graphical analysis points to the formation of an ascending triangle pattern in the SHEPE price, which indicates a possible continuation of the bullish trend. If this indeed happens, the current pullback will serve to push the price beyond its previous high.
Another point of confluence with this graphic reading is the relative strength index (RSI), which signals a recovery, having reached the neutral mark of 50. This is causing a wave of optimism among buyers, who foresee an imminent increase in prices.
According to the analysis presented, the SHEPE price indicates a probable bullish movement. However, it is essential to keep an eye on the critical levels of $0.00000001595 and $0.00000001790 as they play a crucial role in possible bullish moves.
On the other hand, if the bearish pressure persists, a candle that closes below the uptrend line could cause buyers to wait for the price to reach the support level of $0.00000001092. While investors wait for SHEPE’s next moves, a great alternative to consider is Wall Street Memes.
Token Buyback, Airdrop Put Upward Pressure on Wall Street Memes
What’s new from Wall Street Memes is the launch of a token buyback campaign worth $1 million. The WSM team hopes to put upward pressure on the price of the crypto asset. Currently, the token costs $0.0299. Buybacks have already begun.
Tokens worth $1 million began being sent to the rewards wallet on October 11 and are expected to generate increased short-term buying pressure in the market. It is important to note that these buybacks will not be burned. In other words, they will not empty the supply of $WSM.
WSM Betting Strategy
Another strategy that the Wall Street Memes ($WSM) team is putting into practice is a high-yield staking mechanism. The goal is to promote stability and encourage participation in token staking. This helps mitigate sudden sell-offs and potential market crashes. The large accumulation of tokens in staking contracts, which represents a substantial portion of the circulating supply, demonstrates the crypto community’s support for this incentive-driven system.
The total supply of $WSM tokens is capped at 2 billion and these tokens are dedicated exclusively to the community. During the pre-sale, half of the tokens were available. Another 30% will be distributed as a reward to the community, while the remaining 20% will be reserved to ensure liquidity on various exchanges.
By Leonardo Pérez
