Shiba Inu: Will It Bark Back or Roll Over? 🐶💸

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So, the Shiba Inu (SHIB) circus is in town, and guess what? Over 120 billion SHIB tokens decided to take a field trip to various exchanges in the last 48 hours. 🚀✈️ Selling pressure? More like a fire sale at a meme coin garage sale. Prices are sliding faster than Larry on a slippery sidewalk. But hey, at least it’s not oversold… yet. 🤷♂️

Shiba Inu’s Support Levels: Hold On or Fold?

According to CoinMarketCap (yeah, I checked, don’t judge), the RSI on the one-hour chart is 39.92. 🕰️ On the 24-hour and weekly charts, it’s 36.68 and 35.51, respectively. Basically, it’s like SHIB is teetering on the edge of a cliff, but still has a toehold above the 30 mark. So, not oversold, but definitely not winning any awards. 🏆🤡

What does this mean? Well, SHIB’s got a little more room to fall before it hits rock bottom. And if it does, maybe, just maybe, it’ll bounce back like a rubber chicken. Or not. Who knows? 🤷♂️

Technical signals are whispering (or shouting, depending on who you ask) about an “imminent buildup.” 🚀 Sounds fancy, right? Basically, it’s either a massive breakout or a massive breakdown. Flip a coin-oh wait, it’s already a coin. 😂

But if the bears keep growling and SHIB can’t reclaim the $0.00000879 pivot point, it’s looking at a date with the $0.0000075 support level. Romantic, huh? 💔

As of now, SHIB is trading at $0.000008617, down 2.32% in the last 24 hours. Trading volume? Down 22.85% to $134.5 million. Basically, the crypto market is in full-on risk-off mode. 🥴

SHIB Reversal: Is It Time to Howl or Whimper?

Here’s the kicker: SHIB’s free-fall is supposedly coming to an end. 🛑 U.Today says it’s showing “flattened volatility” and “sharp liquidation.” Sounds like a bad dating profile. But hey, the market’s moving into its middle stages, whatever that means. 🧐

Metrics suggest SHIB could reverse its trend because, you know, the worst is over. Or is it? Market observers say SHIB’s done this dance before, so it’s probably just prepping for its stable zone debut. 🎤

Apparently, SHIB’s gonna self-correct its price. Because, you know, the deflationary burn mechanism is basically taking a nap. 😴 No burn activity in the last 24 hours? Yawn. 🥱

So, investors, grab your popcorn and settle in. SHIB’s upward climb to zero is gonna take a while. Or maybe it’ll just keep us entertained. Either way, it’s a show you don’t wanna miss. 🎭🐕

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2025-11-19 19:12