Digitap emerges as 10x contender as SHIB and DOGE momentum weakens
Shiba Inu (SHIB) and Dogecoin (DOGE) remain high-profile memecoins but technical signals point to weakening short-term momentum, reducing conviction for a continued 10x run. Over the past 30 days SHIB rose ~10% (from ~$0.0000080 to >$0.0000085) while DOGE climbed from ~$0.13 to ~$0.15. TradingView momentum indicators for both are showing sell signals and rising volume, suggesting elevated reversal risk. Market influencers have speculated on further upside—SHIB support at $0.0000080 and resistance at $0.0000087; DOGE support near $0.139–$0.14 and a potential target of $0.16—but failure to hold supports could prompt pullbacks to ~$0.000007x for SHIB and ~$0.12 for DOGE.
Digitap (TAP) is gaining trader attention as an alternative with real-world utility. The project markets an “omnibank” mobile app that supports management, conversion and spending of 100+ fiat and crypto assets, and claims sponsored bank partnerships with SWIFT and SEPA access. Digitap targets financial inclusion for an estimated 1.4 billion unbanked people. TAP is in a presale (round three) that the article says has delivered early buyers ~241% gains and raised over $4 million; reported metrics include 120,000+ wallet connections and 190+ million tokens sold. TAP’s current presale price quoted at $0.0427 with an expected launch price of $0.14 is presented as implying sizable upside if adoption and token economics hold.
For traders: memecoins still carry headline risk and short-term volatility; momentum indicators argue caution on fresh SHIB/DOGE longs. Utility-led presales like TAP may attract speculative capital, but risks include presale marketing bias, token unlocks, centralized token allocation, and execution risk in onboarding millions of users. Traders should weigh technical signals, liquidity, tokenomics and regulatory exposure before taking positions.
Neutral
The article mixes technical analysis showing weakening momentum for SHIB and DOGE with promotional claims for Digitap (TAP). For SHIB and DOGE, rising volume with sell-zone momentum indicators historically signals short-term downside risk; that pattern has preceded pullbacks in past memecoin rallies (e.g., post-hype corrections in 2021–2022). That supports a cautious or bearish near-term stance for those tokens.
Digitap presents a potentially bullish narrative because projects with real-world utility and presale momentum can attract speculative flows and re-rate quickly if adoption milestones materialize. However, presale-stage claims (wallet connections, funds raised, headline APYs) are common marketing signals and carry execution, tokenomics and centralization risks. Past examples (numerous presale/IDO projects) show that strong early metrics do not guarantee sustainable listing performance.
Overall impact is neutral: memecoin technical weakness can pressure market sentiment among retail traders, but interest in a utility presale can reallocate speculative capital rather than expand market-wide bullishness. Short-term (days–weeks): elevated volatility and risk of pullbacks for SHIB/DOGE; TAP’s presale may see continued inflows and price speculation. Long-term (months–years): sustained market impact depends on Digitap’s user adoption, regulatory scrutiny, token distribution and liquidity. Traders should monitor momentum indicators, support/resistance levels, presale token unlock schedules, on-chain activity, and news on partnerships or regulatory developments before positioning.