SHIB Explodes on Solana – Discover the Next Crypto Set to Go Viral
In the latest Solana meme coin pump, the new token SHIB on Solana has exploded overnight.
This article will provide an analysis of SHIB on Solana’s current price trends and look to see whether an innovative new meme coin, PlayDoge, represents a more promising investment opportunity at this time.
Legendary entry opportunity on $SHIB on #SOLANA https://t.co/w8n4YHBNWx pic.twitter.com/0G5feXoO4u
— Gandalfcalls (@gandalfcalls) May 28, 2024
At the heart of this price explosion is continued traction and interest in dog-themed meme coins, which have emerged in recent months as favorites among Solana meme coin traders.
As price action establishes an upward trajectory in consolidation, SHIB on Solana is currently trading at a market price of $0.00388 (representing a 24-hour change of +5,300%).
In its current stature, SHIB on Solana appears to be primed to reignite into a major breakout rally as a well-defended consolidation zone above lower support at $0.00275 flips the price back into a bullish trajectory.
This comes after rejection from a re-test of the recent all-time high at $0.013, a patch of resistance now targetted by bulls following the -77% tumble.
Indeed, at current levels – around a market capitalization of $2.87M – SHIB on Solana could offer as much as 5-10x returns on the near time frame.
But this depends on holders overcoming sell-pressure, and a quick glance at the order book shows this could be possible with buy-pressure pushing to 57% over the past hour.
However, for those traders seeking a more reliable return on their investments, an interesting opportunity is emerging in the PlayDoge presale.
In a move sending a shockwave across the BSC chain, the PlayDoge presale has erupted with instant viral traction that has so far
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