Shiba Inu’s chart pattern turned $750 into $150K—this new token could follows suit

Shiba Inu’s explosive rise turned $750 into $150K in weeks. Now, Rexas Finance shows similar potential.

Thanks to its explosive climb, Shiba Inu (SHIB) became a household brand in the crypto space in 2021. With great investor interest and notable price behavior, what started as a joke currency swiftly became a major market competitor. However, SHIB’s capacity to create a strong chart pattern indicating a significant change in market momentum distinguished it.

This pattern transformed meager $750 early investments into an amazing $150,000 within weeks. A new currency that appeared today, Rexas Finance (RXS), is showing similar characteristics, and investors are closely monitoring it with the expectation of duplicating SHIB’s success.

Shiba Inu and the inverse head and shoulders pattern

The Inverse Head and Shoulders (IH&S) pattern set Shiba Inu on his remarkable ascent in 2021. SHIB created this classic reversal pattern between February and April of that year; it is well known for its dependability in indicating positive price reversals.

Three troughs—the left shoulder, the head, and the right shoulder—define the IH&S pattern. The left shoulder developed for SHIB in February, the head formed in March, and the right shoulder developed in April. A “neckline” caps this progression by confirming the positive reversal when breached.

 After a neckline breach in April 2021, SHIB’s price jumped from a paltry $0.00000043 to an all-time high of $0.000089. Within 25 weeks, this spectacular surge transformed a $750 investment into $150,000, permanently securing Shiba Inu’s place in crypto history.

Is Rexas Finance the next token to follow the same path?

By 2024, Rexas Finance is starting to show up as the next token, possibly replicating SHIB’s success. With only one click, this creative startup redefines asset ownership and tokenization so users can purchase and trade real-world assets anywhere. Rexas Finance enables consumers to tokenize almost any asset, including real estate, art, intellectual property, and commodities, whether full ownership or fractional shares. 

Investors already find interest in Rexas Finance’s presale momentum. The cryptocurrency has sold around 314.6 million tokens via its venues and raised approximately $23.82 million. Having been in its ninth presale stage ahead of time, 

sRXS is currently valued at $0.125, a notable rise from its starting presale price. Analysts are starting to compare Rexas Finance’s chart and Shiba Inu’s 2021 pattern technically. Early signs point to RXS developing an inverted head-and-shoulders pattern, which would be a powerful bullish signal if completed.

Market analysts project a guaranteed nearly 2x return by the end of its presale so that the RXS coin will hit $0.20 upon listing. This shows durability and price increase. If Rexas Finance finishes its IH&S shape, some analysts believe it may have an explosive surge akin to Shiba Inu. With RXS’s original idea and strong ecosystem, its price might fly to $25, faster than SHIB managed with a $750,000 investment.

Rexas Finance’s ecosystem and presale momentum

Rexas Finance distinguishes itself from other tokens mainly with its strong ecosystem. The Rexas Token Builder and Rexas Launchpad on the platform streamline the tokenizing process so that people and companies may generate tokens for their assets without involving difficult coding. This usefulness is mostly driving the increasing investor trust in RXS.

Certik, one of the most reputable blockchain security companies, has also audited Rexas Finance, strengthening confidence within its community. A key component of long-term success, this audit guarantees that the platform’s code is safe and devoid of vulnerabilities.

Rexas Finance’s presale performance is evidence of its promise. From its first presale stage, the token has already seen a 4x price rise; it is on target to gain even more. Although its listed price is expected to be $0.20, market analysts feel this could be only the start. With strong market conditions and a positive technical setup, RXS might follow Shiba Inu’s path, where an explosive breakout follows the first price consolidation.

Shiba Inu’s 2021 climb mirrors the way strong technical patterns like the Inverse Head and Shoulders may propel significant price rallies. With its presale performance, ecosystem value, and developing technical pattern generating great interest, Rexas Finance could be emulating SHIB.

To learn more about RXS, visit the official website, read the whitepaper, and join the community on X and Telegram.

This article first appeared at crypto.news