Shiba Inu slips 1.362% despite bullish charts as new altcoin shows early SHIB traits

Shiba Inu (SHIB) has dropped 1.362% within 24 hours, trading at $0.00001353. This decline occurs as SHIB tests resistance at its 200-day Simple Moving Average

Furthermore, key chart patterns suggest substantial upside potential. Confirmed MACD divergence and a recent breakout from a falling wedge pattern signal possible price gains exceeding 150%

Meanwhile, another altcoin, Mutuum Finance (MUTM), is mirroring early SHIB enthusiasm during its surging presale.

Shiba Inu navigates crucial resistance

Shiba Inu’s current price movement is critical. Overcoming the 200-day SMA resistance is vital for sustaining its nascent bullish momentum. Analysts highlight the confirmed MACD divergence as a powerful technical indicator. This divergence previously hinted at an 180% upside potential

Javon Marks notes this pattern remains active, suggesting SHIB could still surge over 156%. Adding to the optimism, pseudonymous analyst Army Shiba reported SHIB breaking free from a falling wedge. This classic reversal pattern strengthens the case for upward movement

Consequently, market watchers are monitoring whether SHIB can maintain its position above key levels. Success here could validate the bullish crypto charts and propel prices towards predicted targets

Whale movements underscore this pivotal moment, reflecting heightened interest among large holders.

Mutuum Finance presale draws massive investor interest

Simultaneously, Mutuum Finance (MUTM) is demonstrating remarkable presale traction, reminiscent of early altcoin success stories. Currently in Phase 6 of its 11-phase presale, MUTM tokens are priced attractively at $0.035. This represents a significant 250% increase from the opening phase price of $0.01

Phase 6 is underway and selling out rapidly, meaning the window to acquire tokens this affordably is closing fast. Subsequently, Phase 7 will commence with a 14.3% price hike to $0.04

Mutuum Finance (MUTM) will ultimately launch at $0.06. Therefore, investors purchasing now anticipate substantial returns, potentially seeing gains exceeding 300% after the token generation event. The presale has already secured an impressive $14,300,000

Moreover, over 675 million tokens have been sold to 15,150 holders. This robust participation highlights strong confidence in the project’s fundamentals and future within the crypto market.

## Mutuum Finance security and incentives bolster trust

Security remains paramount for crypto investing. Mutuum Finance (MUTM) successfully finalized its CertiK audit, achieving an outstanding 95.00 security score

Furthermore, Mutuum Finance has proactively launched an official Bug Bounty Program in partnership with CertiK. A substantial $50,000 USDT reward pool is allocated, divided across four tiers: critical, major, minor, and low severity vulnerabilities

The project also introduced a dashboard featuring a leaderboard; the top 50 holders will earn bonus tokens for maintaining their positions. These initiatives build immense community trust and active involvement.

Strong fundamentals support Mutuum Finance growth

Mutuum Finance (MUTM) offers tangible utility within decentralized finance. Its core function involves facilitating peer-to-contract and peer-to-peer lending on a high-efficiency Layer-2 network

Users can lend stablecoins and major cryptocurrencies through automated pools or negotiate custom loans directly. This dual model caters to diverse risk appetites and borrowing needs

The platform’s planned overcollateralized stablecoin system adds another layer of utility and stability. Post-launch price predictions for MUTM are highly optimistic, with analysts forecasting values reaching $1 based on adoption and platform usage growth

The combination of practical use cases, strong presale momentum, and rigorous security measures positions Mutuum Finance (MUTM) as a notable project for altcoin investors seeking substantial growth opportunities grounded in functional DeFi solutions.

Altcoin momentum builds with dual opportunities

The crypto market presents intriguing dynamics. Shiba Inu exhibits bullish technical signals despite a recent minor dip, potentially offering significant upside if key resistance breaks

Concurrently, Mutuum Finance (MUTM) showcases explosive early-stage growth during its advanced presale phase, backed by robust security, clear utility, and enthusiastic investor uptake

Phase 6 offers a final chance before the next price increase. Explore the Mutuum Finance (MUTM) presale opportunity today.

For more information about Mutuum Finance (MUTM) visit the links below:

Website:

Linktree:

The post Shiba Inu slips 1.362% despite bullish charts as new altcoin shows early SHIB traits appeared first on Invezz