Is It Too Late to Buy Bitcoin Cash? BCH Price Pumps Up 6.5% and Shibie Coin is Fast Approaching $200,000 – Next Top Barbie Meme Coin?
Why Trust Cryptonews
Bitcoin Cash (BCH) is facing a tumultuous move as a second retest of topside resistance from the 20DMA seems destined to enter retracement.
This comes amid a bleak downside move for BCH, which has bled-out -27% since a local high at $330 on June 30 amid wider disarray in altcoin markets.
BCH Price Analysis: Is it too Late to But Bitcoin Cash?
As BCH holders battle tough resistance from the 20DMA, price has shifted lower, with Bitcoin Cash currently trading at $237.3 (a 24-hour change of -0.17%).
This come following an impressive day for BCH, which pushed up a respectable +11.9% as Bitcoin Cash bulls targeted a retest of the 20DMA.
However, the 20DMA has emerged as a tough ceiling of resistance in recent weeks, with a similar test on July 31 rejecting in dramatic fashion with a -16% move.
And while the ongoing resistance test appears to be teetering towards the downside, there is some silver-lining to be found in the strong display of 12 days of sustained buy pressure driving a second retest.
Better still? Price action is still trading high above foundational support from the 200DMA, leaving technical structure with a lot of breathing room.
Yet, Bitcoin Cash’s indicators still provide little reassurance, with the RSI sat on the fence at 50.37, and the MACD signalling bearish divergence at -1.7.
Overall, Bitcoin Cash seems set to consolidate and probe further at the 20DMA on the short time frame.
If the 20DMA is flipped to footing, then BCH has a topside target at the upper trendline around $300 (+25.95%).
However, downside risk in the event of rejection by the 20DMA could see price fall to $190 (-20.24%).
This leaves BCH with a risk: reward ratio of 1.28 – a mediocre entry with consolidation likely on the cards.
But while Bitcoin hard fork enthusiasts are staring at the chart, smart money have began to rotate profits to chase the hype, and no project is more relevant right now than the meme token banking big on Barbenheimer.
Banking Big on Barbenheimer: Meet Shibie
There’s a new pup in town, and it’s gearing up to leave a paw print so indelible that you’ll be talking about it for years to come.
Meet Shibie, the glamorous Shiba Inu-Barbie crossbreed ready to take the crypto space by storm – yes, you heard right. Hollywood’s blockbuster sensation Barbie and the ever-viral Shiba Inu have joined forces in the form of this disruptive token, set to redefine the meme coin space.
Without wasting a second, the Shibie presale is on with almost $208,600 already raised, and with 60% of supply on offer, tokens are priced at an alluring $0.000167, there’s simply no time to waste.
Remember, we’re talking about raising a small seed funding round of $999,999, which could sell out in the blink of an eye considering the buzz around Shibie. So, make your move, and make it fast.
Barbie-Themed Inu Attracts New Class of Gen X Meme Coin Investors
With 1,000x gains or even more on the horizon, Shibie is set to outshine even the brightest stars in the crypto market.
What sets Shibie apart is its unique fusion of two cultural icons – the Shiba Inu and Barbie, creating an alluring charm that’s hard to resist.
This playful union of whimsy and glamor, encapsulated in a single token, is sure to captivate audiences and break boundaries as Barbie smashes the 15-year old box office record.
Dedicated to creating a diverse and inclusive community, the Shibie team has allocated 20% of the $SHIBIE token supply to DEX liquidity and 10% to centralized exchange (CEX) liquidity.
This strategy ensures smooth trading conditions right from its initial launch while widening $SHIBIE’s reach.
With a massive marketing drive in the pipeline, Shibie is all set to make headlines.
The team’s strong focus on liquidity and clever marketing ensures a vibrant presence across various media platforms, making Shibie the talk of the town – connect with the Shibie Telegram and Twitter to stay up-to-date.
Be a part of the Shibie revolution – seize the opportunity, invest in the presale, and make your mark in the crypto meme coin vertical.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
