Popular memecoin Shiba Inu (SHIB) is moving within a bullish pattern , a breakout of which could mark the start of a new rally. Positive investor sentiment, reflected in a decrease in the number of transfers to exchanges, is pushing SHIB towards growth. Meanwhile, Investors are participating in Feezo token presale.
Investor confidence in Shiba Inu is rising again
Shiba Inu investors remain positive despite the recent correction. This can be seen from the decrease in the number of token transfers to exchanges, which signals the reluctance of holders to sell the asset at the current price.
Additionally, more SHIBs are now moving from short-term to long-term holders. The former own the asset for less than a month, while the latter hold it for up to 12 months.
The transition from short-term to long-term holders is considered a bullish signal and indicates an increase in investor confidence in the potential of the asset.
SHIB price forecast: breakthrough and growth by 40+%
At the time of writing, Shiba Inu is trading at $0.00002815 and is approaching the upper limit of the symmetrical triangle . If the memecoin manages to break through and settle above it, its price could rise by 42% and reach $0.00004205.
However, if the breakout attempt fails, SHIB risks losing the important support at $0.00002584. A further fall to $0.00002268 would invalidate the bullish thesis.
Fezoo Opens the Gateway to Vast Opportunities
Investors in popular projects who are seeking novel ways to expand their portfolios have discovered a treasure trove in Fezoo. A freshly launched decentralized exchange, Fezoo aims to link crypto traders from across the globe.
Fezoo’s platform enables investors to make deposits and withdrawals instantly. It also provides trading fees that are lower than those of well-known platforms like Binance. The platform offers a swap service that investors can utilize to exchange different cryptocurrencies without any commission charge. The Fezoo presale is currently ongoing, and the token can be acquired at a price of only $0.013 while it’s still in phase 1. Presale investors have more to gain, as they will automatically receive a portion of the platform’s revenue.
Fezoo reveals details of its ambitious plans
Fezoo’s focus on reduced fees and user control over holdings positions it as a potential disruptor in the DeFi landscape, particularly for established platforms like Aave and Uniswap. With the support of these communities and a successful presale, Fezoo could witness substantial price growth in the future. Fezoo emerges as a solution, boasting a wider range of tradable assets and significantly reduced fees compared to established DEXes.
This translates to more options and retaining more profits for Aave and Uniswap holders. Fezoo prioritizes user empowerment, granting complete control over holdings, unlike some DEXes. This eliminates exchange hack risks and fosters trust for independent trading decisions. Fezoo even unlocks the potential for passive income through staking or revenue sharing programs.
