Shiba Inu (SHIB): Eyeing a Breakout to $0.000030 Amid Bullish Signals

Shiba Inu is showing Shiba Inu bulls are also aiming for the $0.000030 mark as the next major point which could trigger a rally.

Shiba Inu price is showing signs of a potential rally toward $0.000030 as traders continue to monitor the crypto behemoth.

Following an upward trend on the weekly chart, SHIB is set to retest the Fib level at $0.00002. If the momentum persists, SHIB is poised to continue its ascent and could reach as high as $0.000033, setting a new yearly high. Despite some weakness in the last 24 hours, traders are placing fresh bets on SHIB. The 24-hour trading volume went up over 30%, indicating increased activity in the market.

Shifting to technical analysis, the Awesome Oscillator is showing green bars, indicating stronger buying strength. The RSI is also rising but remains at 43, suggesting that although buyers are in control, the technical indicator still favors sellers. Moreover, the MACD just crossed bullish on the 4-hour chart, signaling a shift in momentum in favor of the bulls. Finally, the price is forming a descending triangle pattern, bouncing back from the support at $0.00001393.

If SHIB manages to clear the Fib resistance at $0.00001492 and the round psychological level at $0.00001551, the next leg of the rally could send it toward $0.000017. A decisive move above this point could propel SHIB to test the Fib level at $0.000025, especially if broader market sentiment shifts to bullish.

To conclude, SHIB’s technical structure, whale activity, and ongoing burns suggest that a move to $0.000030 could be in the works, especially if market sentiment shifts to bullish soon. However, while SHIB has real potential, some traders are looking elsewhere, at a lesser-known penny token that is flashing a 2000% potential before June 19.

Rexas Finance (RXS) is a RWA token that is currently in presale and has already seen its price explode by 566%. But according to analysts, the token could skyrocket even further, with a 2000% potential after June 19. As the token listing rapidly approaches, early buyers are positioning themselves ahead of the anticipated surge.

What sets Rexas Finance apart from the usual altcoin hype is its real-world utility. The project focuses on tokenizing real-world assets and turning them into tradable digital tokens on a user-friendly platform. With tools like the Rexas Token Builder and QuickMint Bot, creating your asset-backed token takes just minutes, and no coding experience is required. It’s a simple process designed for anyone to quickly tokensize any asset they wish.

The project's unique offering is evident in the success of its presale, which has already raised over $49 million, with 93% of the tokens sold. Out of the total 10 billion RXS tokens, 8.7 billion have been claimed by investors, highlighting the strong interest in the project. The remaining 13% of the tokens are being reserved for the official listing, which is set at $0.25. This provides an opportunity for new buyers to join the project at a slightly higher entry point and secure a piece of the anticipated surge. However, considering the project's progress and the broader market trends, this window of opportunity might be closing.

The project's potential is highlighted by analysts who predict that RXS could surge 2000% or more after launch, especially as the tokenization narrative continues to gain momentum. Institutional giants like BlackRock and Citi are already exploring asset tokenization strategies, and some estimates suggest that the market could reach $16 trillion by 2030. This makes Rexas Finance one of the first movers in a space that is poised for rapid growth.

Furthermore, Rexas Finance offers a comprehensive suite of DeFi tools, including yield optimization protocols, NFT generation capabilities, and tokenized real estate co-ownership programs. This ecosystem provides users with diverse avenues to engage with the platform and generate value.

With the token launch on June 19 rapidly approaching, many believe that Rexas Finance could be the breakout penny token of the summer and the next major gainer to follow in SHIB's footsteps. RXS has already seen a impressive 566% rally from its initial presale price, showcasing the strong momentum behind the project. If investors' interest continues to escalate, RXS is poised to deliver even more remarkable performance in the coming months. As the project progresses toward its goals, analysts project that RXS will quickly pass the $1 milestone and can provide a 2000% rally in a matter of weeks.

In conclusion, while Shiba Inu'