Memecoins have gained so much popularity in the crypto industry due to attracting names, social hype and celebrity influence. Shiba Predator (QOM), which is built on the Ethereum mainnet, has become one of the favourite memecoins of crypto enthusiasts. It seems this new memecoin has the potential to surpass the market leaders, including Shiba Inu and Dogecoin, as it has recently broken out its crucial resistance level at $0.00000004.
Shiba Predator Captures Crypto Market’s Attention!
Sheba Predator has gained trust and attention by bringing a ray of hope to investors during the crypto winter. QOM recently surpassed its resistance level at $0.00000004 and tried to break the next resistance level at $0.0000000445; However, it faced rejection at $0.0000000434 and declined significantly to form an immediate support level at $0.000000004 on the price chart.
QOM secured a weekly support at $0.0000000408 after its price fell over 50% in September. Despite the current market sentiments, QOM looks promising as it aims to cross the $0.00000007 price in the upcoming weeks. QOM’s potential to break its resistance level and start a bull run with an uptrend of 17% looks overwhelming compared to its small market cap of $24 million.
Shiba hunters will soon bring a wave
QOM attempted to break above its potential resistance level on July 18th at $0.0000000750, but failed to make a breakout, bringing its price down to $0.0000000440. Since September 21, QOM has been on a bullish uptrend and is currently trading at $0.0000000411.
Looking at the daily (1 day) QOM price chart, QOM is trading above the EMA-20 and EMA-50, indicating a bullish momentum soon. The RSI is also showing a positive momentum for Shiba Predator as it has retested the 50 level and is currently trading at 53. To start a bull run, QOM needs to hold its price above $0.0000000532 with a significant market cap which will facilitate the memecoin to move towards $0.0000000780. Conversely, its price can fall if it breaks the support level at $0.000000032.
Shiba Predator is following in the footsteps of the kings of Memecoin, and it has incredible potential to scale new heights in the future. However, the future prices of QOM depend entirely on its social hype and the sentiments of the crypto market. It is advisable to do research and get expert opinion before investing in such Memecoins as they are not considered a stable crypto investment option as the bubble can burst anytime.
