Shiba Predator Cracks Double-digit Gains, How Far Can Price Go?

  • QOM prices continue to gain momentum following a breakout that saw double-digit gains by holders. 
  • QOM trades close to key resistance when the price ranges of QOM are above 8 and 20 day EMA.
  • QOM is struggling to convert key resistance into support. 

Shiba Predator (QOM), a recently loved memecoin on the Ethereum (ETH) network, is tipped to outperform Shiba Inu and other memecoin after showing great rallying to a high of $0.0000004, winning the heart of many after a few months’ surge but could be set to replicate this move. All patterns and indicators are showing that the price Shiba Predator is poised for a rally.

Shiba Predator Price Analysis on The Weekly Chart

The price has been rejected despite struggling to surpass $0.0000000445 over the past weeks. However, it continues to move in a range-bound manner as the price is expected to rise to $0.00000007. QOM’s price found its weekly support at $0.0000000440 after the price dropped by over 70% in the past few weeks, as the current market has not given QOM the space to trend. 

The price of QOM is likely to rise when the market gets out of its bearish phase. QOM is still in a range and has not seen any volume. The price rose 17%.

The price of QOM rose to $0.0000000750 after it retested a weekly low at $0.0000000440. However, this was rejected by the market in order to move higher to the trend. QOM is expected to rally after a prolonged period of range-bound movements. 

Weekly resistance for the price of QOM – $0.0000000750.

Weekly support for the price of QOM – $0.0000000440.

Prices Analysis of QOM on the Daily (1D), Chart

Source: QOMUSDT on| Source: QOMUSDT On

The daily price of QOM continued to gain strength despite the fact that the market seemed to be stuck in its price movements. QOM is aiming to reach a peak of $0.0000000750 following a breakout from the channel in which its price was formed. 

QOM’s current price is $0.0000000400. This value is just below the Exponential Moving Average (EMA) of 8 and 20 days. According to QOM’s daily timeframe, the current price of $0.000000390 is the same as the 8- and 20-day EMA.

QOM’s price needs to hold this region of $0.000000045 with good volume for the price of QOM to push the price higher to a region of $0.0000000770. 

Daily resistance for the FLOKI price – $0.0000000770.

Daily support for the FLOKI price – $0.0000000400.

Featured image from Zipmex. Charts by Tradingview 

Get more Crypto News at CFX Magazine