Shiba Predator Cracks Double-digit Gains, How Far Can Price Go?
October 07 2022 - 10:45AM
NEWSBTC
QOM price continues with strong momentum after a breakout with
double-digit gains for holders. QOM trades just above key
resistance as price ranges above 8 and 20-day EMA. The price of QOM
struggles to flip key resistance into support. Shiba Predator
(QOM), a recently loved memecoin on the Ethereum (ETH) network, is
tipped to outperform Shiba Inu and other memecoin after showing
great rallying to a high of $0.0000004, winning the heart of many
after a few months’ surge but could be set to replicate this move.
All indicators and patterns are showing the price of Shiba Predator
(QOM) could be ready for a rally. Related Reading: Bitcoin
Struggles To Retain The $20,000 Mark While ENS Protocol Gains Shiba
Predator (QOM) Price Analysis On The Weekly Chart. Despite
struggling to break above $0.0000000445 in recent weeks, the price
was rejected and has continued in a range-bound movement as the
price prepare to trend higher to a region of $0.00000007. QOM’s
price found its weekly support at $0.0000000440 after the price
dropped by over 70% in the past few weeks, as the current market
has not given QOM the space to trend. There is no doubt that
the price of QOM will show great strength when the current state of
the market recovers from its bearish mode. QOM continues to range
with little volume to break out of this structure as the price
rallied with a gain of 17%. After seeing its price retesting a
weekly low of $0.0000000440, the price of QOM rallied recently to a
region of $0.0000000750 but was rejected in an attempt to break
higher for the price to trend. The price of QOM has maintained a
range-bound movement for some time now and could be set for a major
rally. Weekly resistance for the price of QOM –
$0.0000000750. Weekly support for the price of QOM – $0.0000000440.
Price Analysis Of QOM On The Daily (1D) Chart On the daily
timeframe, the price of QOM continues to show strength as the price
pulled a 17% gain despite the market looking to have stalled in
price movement. QOM aims to rally to a high of $0.0000000750 after
a successful breakout from a range channel that its price
formed. The price of QOM currently trades at $0.0000000400,
just above the 8 and 20-day Exponential Moving Average (EMA). The
price at $0.0000000390 corresponds to the price at 8 and 20-day EMA
for QOM on the daily timeframe. QOM’s price needs to hold this
region of $0.000000045 with good volume for the price of QOM to
push the price higher to a region of $0.0000000770. Daily
resistance for the FLOKI price – $0.0000000770. Daily support for
the FLOKI price – $0.0000000400. Related Reading: This Little Known
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