Shiba Inu Holds Key Support Amid Crypto Selloff; Mutuum Finance Gains Bullish Momentum

Shiba Inu (SHIB) continues to demonstrate resilience despite broader crypto market declines, maintaining key support near $0.000012. This level has previously held firm, and recent activity suggests renewed buying interest. Trading volume has surged by over 40% in recent days, with total volume exceeding $215 million, indicating robust dip-buying behavior. Derivatives volume has also increased by 25 points, pointing to heightened participation among traders. A successful rebound above the 8-day Simple Moving Average (SMA) near $0.00001238 could propel SHIB toward $0.000013. However, this would require the Relative Strength Index (RSI) to continue its recovery above the 50 level [1].

Meanwhile, Mutuum Finance (MUTM) is gaining traction as a potential next crypto to reach $1. Currently in Phase 6 of its presale, MUTM is being offered at $0.035 per token. Over 670 million tokens have been purchased by 14,900 unique holders, and the phase is nearing capacity. A 14.3% price increase to $0.04 is scheduled for Phase 7, with the official launch expected at $0.06. Analysts have projected that MUTM could see substantial gains, with realistic expectations of reaching $3.50 based on adoption and protocol utility, representing a 10,000% increase from its current presale price [1].

Mutuum Finance’s platform features a dual-lending model combining Peer-to-Contract (P2C) and Peer-to-Peer (P2P) lending systems. P2C allows users to tokenize assets like ETH and BTC to generate stable yields, while P2P facilitates direct lending agreements, often offering higher returns. These services operate efficiently on Layer-2 technology, significantly reducing transaction costs. The platform has also passed a CertiK audit with a 95.00 score, affirming its security. A $50,000 USDT Bug Bounty Program has been launched alongside a $100,000 MUTM giveaway, adding further value for early participants [1].

SHIB’s current technical outlook remains precarious. Holding the $0.000012 level is critical for any bullish momentum. A retest of the 8-day SMA could pave the way for a breakout, while a breakdown below $0.000012 may expose SHIB to further downside toward $0.0000115. Investors are closely watching volume and RSI levels for confirmation of either scenario [1].

MUTM’s presale performance and technological foundation position it as a strong growth candidate. The dual-lending model addresses real-world DeFi challenges such as high fees and inefficient lending processes. Combined with a robust security framework and a growing holder base, MUTM is well-positioned to capture market attention. While the projected $3.50 price point by analysts highlights the speculative potential of the token, it remains a forecast and not a guaranteed outcome [1].

Source: [1] Shiba Inu (SHIB) holds support as bulls return; MUTM backed to hit $1 (https://invezz.com/news/2025/08/08/shib-holds-support-as-bulls-return-mutm-backed-to-hit-1/)