Cryptocurrencies are witnessing untested times. No historical references and rebellious graphs make it hard for analysts to understand what’s happening. The same is experienced by Shiba Inu (SHIB), which dips significantly on weekly charts. Meanwhile, AAVE and VC Spectra (SPCT) are toe to toe. Can VC Spectra (SPCT) take the lead as it raised more than $2.4 million in private presale events?
Let’s dig deeper and explore the intricacies.
Shiba Inu (SHIB) Dipping Low: What’s Next?
Shiba Inu (SHIB) is dipping low after it lost its support regions of $0.00000745 on July 5, 2023. However, Shiba Inu (SHIB) seems to b recovering from the bearish trend that sent it down by 4.83% to $0.00000709 on July 7, 2023.
Even though Shiba Inu (SHIB) is now in a better position than mid-week, it still lacks the momentum and buyer support it needs to maintain these levels. Shiba Inu’s (SHIB) 24-hour trading volume and market cap steadily increase overall, indicating some market interest.
Furthermore, a significant transaction of $3.2 million was recently carried out, further putting pressure on the active trading volume on July 5, 2023. Shiba Inu (SHIB) also saw increased selling pressure in the previous weeks. However, Shiba Inu (SHIB) is in the recovery phase compared to the previous week.
On monthly charts, Shiba Inu (SHIB) is slowly regaining its support levels around $0.00000745. According to the meme coin’s price movement, it may gather enough momentum to attempt another breakout similar to the one on June 22, 2023.
RSI and EMA indicators are slightly bullish for Shiba Inu (SHIB), further supporting its growing sentiment and a break from the bearish trend. All included, Shiba Inu (SHIB) is looking bullish for the long term.
AAVE Hits a Strong Bump: Will the Bull Market Continue?
AAVE seems to have a bullish outlook on monthly charts, but Aave weekly charts showed a sudden drop of 5.4% from $74 to $70 on July 7, 2023.
Furthermore, following AAVE’s steep climb of more than 50% between June 16, 2023, and July 9, 2023, onlookers are hopeful for a breakout from the $80 resistance zone.
In terms of investor sentiment, bulls hold AAVE firmly, taking it across higher highs of the $72 support region on July 9, 2023. From this point, AAVE could move across the $80 quite a few times on the monthly graph. With good momentum, AAVE is eyeing the resistance zone and does not have any reason for a correction event to happen.
The RSI index is moving towards a slightly overbought zone, possibly due to buyer exhaustion and increasing selling pressure near the significant resistance region. The next few days will be critical for determining AAVE’s long-term standpoint.
VC Spectra (SPCT) Is Moving Towards Success: Stage 2 Presale Almost Here!
VC Spectra (SPCT) is a new asset management blockchain that provides risk-free investment solutions to the world. VC Spectra (SPCT) has employed venture capitalists and experienced risk management teams to ensure investors’ assets are safely invested.
Furthermore, VC Spectra (SPCT) provides access to strategic investments in ICOs and other Spectra Blockchain startups.
Additionally, VC Spectra (SPCT) uses a decentralized authority system that gives voting rights to each VC Spectra (SPCT) investor, allowing them to control their involvement in the Blockchain.
VC Spectra (SPCT) has recently raised over $2.4 million in its private presale event. Moreover, with its public presale ongoing, VC Spectra (SPCT) tokens will see a 900% surge from their initial offering prices.
This growth will be achieved by gradually increasing the VC Spectra (SPCT) token price. For instance, Stage 1 is offering the SPCT token for $0.008. Stage 2, on the other hand, will raise this price by 37.5% to $0.011 and so on.
Ultimately, the project developers strive to reach the target launch price of $0.08, making VC Spectra (SPCT) one of the best investments for July 2023.
Learn more about VC Spectra (SPCT) and its presale:
Buy Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
