Amid the recent market downturn caused by the Securities and Exchange Commission’s (SEC) legal actions, the recent price rally for Shiba Inu (SHIB) and Tradecurve (TCRV) has caught the attention of investors and traders. Both tokens have experienced notable price surges, prompting speculation among investors about whether a bullish trend is on the horizon.
Shiba Inu (SHIB) Price Prediction: Recent Price Rally For SHIB A Bullish Sign?
Despite facing continuous bearish pressure, Shiba Inu managed to maintain its position above the $0.000008 price point from mid-May to early June. However, the token’s resilience was put to the test during a market-wide downturn triggered by the SEC’s enforcement actions against major exchanges, Binance and Coinbase.
On June 10th, Shiba Inu plunged to new lows at the $0.00000543 region, following the downward trend of the overall market. Despite a minor recovery, Shiba Inu concluded the day with a substantial loss of 13.07%, marking its largest intraday decline since the FTX implosion.
However, a turnaround occurred on June 15th when Shiba Inu recorded a gain of 2.90%, signaling the beginning of its recovery. The rally persisted, resulting in a five-day winning streak from June 15th to June 19th, during which SHIB experienced a notable 9.87% increase. On June 17th, SHIB reclaimed the $0.000007 territory after trading below it for seven consecutive days.
As of today, the price of Shiba Inu (SHIB) stands at $0.00000742.Over the past 24 hours, Shiba Inu has witnessed a price increase of 2.95%. Several price forecasts for Shiba Inu are optimistic for more bullish momentum. DigitalCoinPrice predicts that Shiba Inu could reach $0.0000146 by the end of the year, while Bitnation forecasts a target price of $0.000011.
Recent Price Rally For Tradecurve A Bullish Sign?
Similar to Shiba Inu’s recent price rally, Tradecurve’s token has been on an ascending bullish pattern. After increasing from $0.01 to $0.018, TCRV defied the bearish sentiment of the crypto market in early June to record another 20% price surge, moving its price to a new all-time high at $0.018. Despite the uncertain conditions in the cryptocurrency market, analysts remain bullish on Tradecurve’s TCRV.
This momentum is driven by various factors, including Tradecurve’s unique features such as low trading fees, copy trading, and absence of mandatory KYC checks, which differentiate it from exchanges like eToro and Huobi.
These features are expected to increase trading activity on Tradecurve due to its exposure to multiple markets, resulting in higher trading volumes, increased liquidity, and ultimately driving up the price of TCRV.
TCRV’s bullish price pattern has generated positive market sentiment and attracted a growing number of buyers to enter the market. At the time of this writing, the TCRV token is in the fourth phase of its token presale, priced at $0.018 per token. With favorable market sentiment and multiple factors supporting its growth, Tradecurve’s TCRV token holds promise for more bullish price movements. Market experts have forecasted up to a 100x surge for Tradecurve in the coming months.