Shiba Inu news: 3 warning signs SHIB is still not in a buying zone

Shiba Inu (SHIB) hasn’t returned to normal after weeks of losses. Despite intermittent rallies, the asset is under selling pressure, and technical signs suggest a likely further decline.

Does SHIB plan to correct or reverse? Analysts say three major caution signs indicate that it is not currently a good buy.

3 reasons why SHIB is still not a buy

In recent weeks, Shiba Inu has experienced considerable price swings, which have left holders on the brink.

Some have sold while others wait for a better view. Today, SHIB declined 1.8% to $0.00001554.

Market observers predict that many important events will probably prolong the latest downturn. 

The impending death cross on SHIB’s price chart is a major technical indication.

Death crosses indicate a long negative phase when the 50-day exponential moving average (EMA) falls below the 200-day EMA.

The 200 EMA, at $0.0000181, may break for SHIB, below its 50 and 100 EMAs ($0.0000204 and 0.0000211).

If this level fails, SHIB could drop to $0.000012 or $0.000010 in weeks.

Another important feature is the consistent pattern of lower highs and lower lows, which is a traditional predictor of bearish dominance.

Despite a brief comeback near $0.000015, SHIB has struggled to maintain its upward trend.

Resistance levels around $0.000018 and $0.000020 without strong purchasing pressure may restrict any potential rebound, resulting in more negative pressure if bulls fail to intervene.

The new whale action with SHIB raises further concerns. A wallet named GnosisSafeProxy transferred 3.36 trillion SHIB tokens worth $51.15 million, leaving its balance at zero.

While whale accumulation usually indicates long-term confidence, such big moves to unknown addresses raise questions about potential sell-offs. If the recipient wallet decides to disperse or liquidate some of its assets, SHIB’s price may fall even more.

Despite these warning indications, SHIB’s market movement remains influenced by larger crypto opinion. However, its layer-2 solution, Shibarium, has struggled to gain traction, with a total value locked (TVL) of only $1.29 million, significantly below competing networks.

SHIB may fail to recover from its present downturn without major development catalysts or a jump in adoption.

Rexas Finance (RXS): a utility coin with great potential

While SHIB is under pressure, Rexas Finance (RXS) is developing as one of the market’s most powerful utility coins, with real-world asset (RWA) tokenization as its core function.

Unlike meme coins with speculative value, Rexas Finance is designed to allow fractional ownership of real land, art, and financial assets, releasing trillions in previously illiquid markets.

Click Here To Buy Rexas Finance (RXS) Presale

The foundation of Rexas Finance is its blockchain-powered asset tokenization mechanism. Investors can digitalize physical assets and trade them effortlessly on the blockchain, lowering obstacles and enhancing liquidity.

Instead of investing millions in high-value real estate, an investor can purchase a piece of property utilizing tokenized shares and RXS, making ownership more accessible to the people.

One of RXS’s most notable features is its cross-chain interoperability, which allows users to transact across Ethereum, Binance Smart Chain, and Polygon.

This scalability assures wider adoption while removing single-chain limitations frequently impeding asset tokenization solutions.

Furthermore, the platform includes AI-powered risk assessment and automated compliance checks, ensuring a safe environment for investors.

Rexas Finance has continued to develop its ecosystem, introducing various novel solutions that set it apart.

The Rexas Token Builder enables users to generate asset-backed tokens without coding skills, paving the way for more tokenized projects. 

The Rexas QuickMint Bot allows users to create tokens instantly using Telegram and Discord, making blockchain technology more accessible.

Security remains a primary emphasis, with Rexas AI Shield doing AI-powered smart contract audits to ensure the integrity of all tokenized transactions.

Recent developments have strengthened Rexas Finance’s credibility. The project just underwent a comprehensive Certik audit, which confirmed the security of its smart contract design. 

In addition, RXS has been listed on CoinMarketCap and CoinGecko, improving its visibility and validity in the cryptocurrency world.

These milestones demonstrate the project’s dedication to transparency and security, two major concerns for investors in the growing tokenization sector.

As of publication, the Rexas Finance presale was in its last round (round 12), raising an incredible $45.8 million with 449 million RXS tokens sold.

The current presale price is $0.20; only 11% of the last stage remains before the official listing.

Several analysts anticipate RXS will likely increase by 100x post-launch due to its excellent utility, growing acceptance, and first-mover advantage in RWA tokenization.

The forthcoming market debut of RXS is considered a big deal. Early investors expect to witness likely exponential profits once the token hits top-tier platforms.

Given the scarcity of presale tokens, acquiring RXS now represents a big opportunity before its likely rise in demand.

To encourage more community participation, Rexas Finance has established a $1 million giveaway in which the top 20 participants would each get $50,000 worth of RXS.

This approach compensates early adopters and increases engagement and demand before the public listing.

With momentum rising, RXS is becoming one of the market’s most anticipated utility currencies.

A limited-time opportunity

Rexas Finance offers a ground-breaking prospect in blockchain-based asset tokenization for investors searching beyond meme coins.

With a strong ecosystem, certified security, and multi-chain capability, RXS stands out as a utility-driven initiative with the potential to disrupt a trillion-dollar industry.

The final stage of its presale is quickly selling out, and with the added incentive of a $1 million giveaway, now is the time to jump in before the opportunity passes.

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Win $1 Million Giveaway: https://bit.ly/Rexas1M

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

The post Shiba Inu news: 3 warning signs SHIB is still not in a buying zone appeared first on Invezz