SHIB Eyes Technical Recovery as MUTM Presale Nears $0.04 — SHIB Stabilizes; MUTM Gains Momentum
Shiba Inu (SHIB) is showing signs of stabilization after months of downward pressure, trading around $0.0000082–$0.0000085. Technicals cited across updates include a falling wedge, an inverted head-and-shoulders pattern and bullish RSI/PPO divergence, suggesting a possible test of $0.000010 (~20% upside). Exchange supply has fallen by over 53 trillion SHIB recently, reducing available float to roughly 287 trillion; short-term support is identified at $0.00000753. Momentum and volume remain mixed, so recovery is tentative and depends on renewed participation.
Separately, Mutuum Finance (MUTM) is highlighted as a leading low-priced presale opportunity. MUTM is in Phase 6 at $0.035 and reported as ~98% sold; Phase 7 will price at $0.04. The presale reportedly raised $19.33 million with ~18,450 holders and a planned listing price at $0.06 (implying ~300% upside from Phase 6). MUTM’s model includes a buy-and-distribute mechanism where protocol fees buy MUTM and distribute tokens to mtToken stakers, plus daily rewards and a leaderboard incentive. The coverage is a press release and carries a disclaimer urging due diligence.
Key takeaways for traders: SHIB’s technicals suggest a potential short-term bounce if volume returns, but low participation and prior downtrend argue for cautious position sizing and close risk management. MUTM’s near-term narrative is presale-driven: there is speculative upside if the token lists near the target price, but risks include liquidity, listing execution, tokenomics and reliance on presale marketing.
Neutral
SHIB: Mixed technical signals — bullish patterns (falling wedge, inverted head-and-shoulders, RSI/PPO divergence) point to a potential short-term rebound toward $0.000010 (~20% upside). However, recovery is tentative because volume and market participation remain weak and the token has been in a prolonged downtrend; exchange outflows reduce circulating supply (positive), but absent sustained buying the risk of renewed declines persists. Overall, SHIB’s price impact is neutral — could be short-term bullish if buyers return, but not strong enough to call outright bullish without volume confirmation.
MUTM: The price impact on MUTM is inherently speculative and presale-driven. Near-term upside is likely if the token lists at or near the planned $0.06 and if demand continues — the presale metrics (98% sold, $19.33M raised, 18k+ holders) support speculative interest. However, presale-to-listing events carry execution, liquidity and tokenomics risks; returns depend on actual listing price, exchange support and post-listing market-making. For traders, MUTM represents high-risk, high-reward speculation rather than broad-market directional signal.
Combined market effect: These updates do not indicate a systemic market shift. SHIB’s technical setup could produce a short-term trading opportunity contingent on volume. MUTM’s development mainly affects its own token sentiment and speculative flows. Therefore, categorize the net price impact on the mentioned cryptocurrencies as neutral: conditional short-term bullishness for SHIB if volume returns and speculative upside for MUTM that depends entirely on listing dynamics and liquidity.