Shiba Inu and Pepe may have experienced huge rallies last week, but a deeper analysis reveals bearish trends for both meme coins in the next few months. Amidst this sentiment, Rollblock’s new GambleFi utility token is soaring through its presale after recording a massive 200% rally.
What you'll learn 👉
Shiba Inu (SHIB) Technical Indicators Hint at a Bearish Q4
Shiba Inu is on a bullish trajectory since last week’s interest rate cut announcement. In the last seven days, Shiba Inu price rallied by more than 20%, making investors believe the meme coin market is making a resurgence. However, the reason behind Shiba Inu’s recent growth is the massive SHIB burn rate which was up by 640% on a daily basis. With 5.5 million Shiba Inu tokens sent to a null address, Shiba Inu’s price experienced upswings due to scarcity.
For now, Shiba Inu is trading at $0.00001717 after an impressive 12.82% intra-day surge. However, since Shiba Inu’s RSI has already entered overbought territory on the SHIB/USDT daily chart, Shiba Inu’s price is expected to plunge in upcoming weeks. As Shiba Inu’s Momentum Indicator suggests bearish dominance, Shiba Inu could drop to the $0.00001358 pivot soon.
Pepe Turns Bearish on 4-hour PEPE/USDT Chart
Pepe was on a bearish downtrend until investors started regaining interest during last week’s brief bull run. Since Pepe’s price depends entirely on community engagement, Pepe experienced a 15.14% increase in the last seven days after the US Fed’s announcement to cut interest rates. For now, Pepe is trading for $0.000009102 after a 7.78% intra-day surge.
Despite this bullish momentum, Pepe is still struggling to move above its 100-day and 200-day Simple Moving Averages on the PEPE/USDT daily chart. On the 4-hour chart, Pepe is flashing strong sell signals as the RSI enters overbought territory and the CCI and Momentum Indicator turn bearish. If the meme coin loses investor interest again, Pepe’s price could fall to the $0.000007172178 support soon.
Rollblock ($RBLK) Disrupts Meme Coin Market with 200% Rally
Shiba Inu and Pepe might be out for the season, but Rollblock’s rise to the top is just getting started. Within a few months of its presale launch, Rollblock has already managed to raise nearly $4 million with over 20,000 early investors. As Rollblock continues this bullish trend into Q4, analysts believe the native $RBLK token could experience an 800% rally before the end of its presale phase.
Rollblock’s GambleFi project integrates centralized and decentralized gambling into one, Ethereum-backed crypto casino. By encrypting every transaction directly on Ethereum’s immutable blockchain, Rollblock offers an online casino that is completely free of third-party manipulations like bet fixing.
To make things even better, Rollblock also has a no-KYC policy. Instead of providing private information, new traders can register by connecting their crypto wallets and depositing any of the 20+ compatible cryptocurrencies.
For now, Rollblock’s casino boasts an impressive selection of 7,000+ AI-powered games. In upcoming months, Rollblock’s ecosystem is set to expand to the sports betting space, with the platform allowing traders to place bets on international leagues like the NBA, NFL, MMA, UFC, F1, La Liga, and more.
Given Rollblock’s staking rewards with up to 30% APY, it is no surprise that this new GambleFi project is leaving meme coins like Shiba Inu and Pepe behind. This week, Rollblock has started stage 7 of its presale with tokens selling at a low price of $0.03. Since Rollblock’s price has already rallied 200% from the initial presale stage, analysts are already tipping this new altcoin to become the next 100x crypto in Q4.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
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