Shiba Inu (SHIB) continues to hold its ground as one of the most influential memecoins, maintaining a $7.59 billion market cap even as it slips nearly 9.2% over the last seven days. Currently priced at $0.00001288, the token has seen mixed reactions from traders, with some cautious over the decline – but others eyeing a bullish setup. That said, growing chatter in crypto circles suggests another project might be the next big narrative: MAGACOIN FINANCE, a rising altcoin that is starting to attract serious capital during its presale phases. SHIB Bulls Maintain $0.000081 Target Despite the current downtrend, technical analysts remain optimistic. Prominent trader Javon Marks shared his updated chart projecting a 500%+ upside for SHIB if it breaks above key resistance. The target remains at $0.000081, with bullish patterns forming a structure similar to past breakout rallies. As past cycles show, SHIB has a history of sharp reversals when least expected—and this setup might be no different. New Challenger Enters the Arena While SHIB holds its place in the spotlight, MAGACOIN FINANCE is building serious momentum behind the scenes. Its latest presale round is already outpacing the previous one, and investor demand shows no signs of slowing. Analysts expect fast traction and a more utility-driven ecosystem. Major returns are also expected, according to early projections based on presale metrics and anticipated listings. Strategic buyers are rushing in now, before the token becomes widely accessible. SHIB’s Technical Setup Signals Breakout Potential As for SHIB’s future, the current pattern suggests that once it clears its resistance, a steep run could follow. Marks’ chart highlights an “Accumulation-Bullish Zone” and prior reversal points that echo 2021’s run-up. If history repeats , SHIB could climb back into price discovery – fueled by whales re-entering and fresh retail enthusiasm. Conclusion: Shiba Inu still leads the memecoin space in market cap and recognition, but MAGACOIN FINANCE is quickly closing in as a serious competitor. With analysts projecting breakout moves for both tokens, the smart money could be in riding the SHIB rebound—while also securing early exposure to MAGACOIN’s explosive presale momentum. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: Shiba Inu Dominates the Memecoin Market, but This Altcoin is the New Trend