In the meme coin market, SLERF (SLERF), Shiba Inu (SHIB), and BEFE (BEFE) have been captivating all the headlines. As the three are fighting to achieve new milestones, investors are eagerly watching. However, analysts suggest that BEFE would potentially take over other meme coins like SLERF and Shiba Inu.
BEFE
As per CoinMarketCap, BEFE over the past 24 hours has gained more than 25%. Although over the last week amid a bullish cycle the price trajectory has been resting. However, with today’s surge, it is noted that now more than 15 technical indicators have been suggesting a bullish trend.
RSI below 70 indicates neutral points, showing neither BEFE is oversold or overbought. Based on the classical pivot point, BEFE has a support level of $0.000388, and the strongest at $0.000374. Similarly, its resistance level is at $0.000433, and $0.000442.
Shiba Inu
Looking at the price trajectory of Shiba Inu things seem insane as over the years after launching Shiba Inu price has gained more than 21,07,749%. However, the initial craze of Shiba Inu seems declining significantly as other contenders are stepping to disrupt the OG meme coin. However, continuing with a bullish uptick, Shiba Inu price has been observed gaining more than 5% in the last 24 hours. Although the price gained momentum, only 13 Shiba Inu price indicators are showing a bullish trend, which is unlike BEFE.
The Shiba Inu MACD line is currently above the signal line, which is a bullish signal. The RSI of Shiba Inu price is currently below 70, which is considered neutral territory. Based on the classical pivot point, Shiba Inu has a support level of $0.0000000009638, and the strongest at $0.0000000009638. Similarly, Shiba Inu resistance levels are at $0.0000000009638, and $0.0000000009638.
SLERF
Launched recently a few months ago, SLERF has gained significant hype. Analysts believe that the overall market scenario helped SLERF to gain some traction. However, over the past 24 hours, SLERF has gained less than 1%. It is clear, that investors must be speculating such a new project, hence pushing SLERF towards a bearish momentum.
The SLERF MACD line is currently below the signal line, which is a bearish signal. The MACD histogram is also negative. However, the RSI is plotted below the MACD indicator. SLERF RSI is currently at 47.23, which is considered neutral territory.
SLERF is yet a new project with no establishment or any kind of promises. However, with the meme coin nature of SLERF it may take a bullish turn if people start talking about it and celebrities support. But SLERF can never compete BEFE in the space as it has no such potential which is yet known to the investors.
Source: https://www.cryptopolitan.com/decoding-the-hype-which-crypto-slerf-shiba-inu-or-befe-coin-reigns-supreme/