Shiba Inu’s Dramatic Plunge: Is This the End of the Meme Dream? 🐕💔

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Ah, the Shiba Inu, that delightful little creature of the digital realm, has once again graced us with its presence, albeit in a rather disheveled state. The price, dear reader, has taken a nosedive, shedding a further 4% on Tuesday, bringing it down to a meager $0.000012. It seems our furry friend has decided to take a vacation from its previous heights, much like a summer holiday gone wrong.

As the largest Ethereum-based memecoin, SHIB’s fate is inextricably linked to the whims of Ethereum itself. And what a whimsical affair it has been! With ETH ETFs experiencing a sell-off of $255 million, liquidity has become as scarce as a good cup of coffee in a cheap diner. The sentiment, it appears, is as gloomy as a rainy day in a provincial town.

To add to the drama, Shiba Inu’s on-chain activity has plummeted like a lead balloon. The Shibburn analytics tool reports a staggering 98.89% drop in the burn rate over the last 24 hours, with a paltry 223,914 SHIB removed from circulation. One might say the burn rate has gone on a diet, but alas, it seems to have taken it a bit too far!

Shiba Inu Burn Rate, Aug. 19, 2025 | Source: Shibburn.com

These unscheduled token burns, akin to a surprise visit from an old aunt, are meant to reduce supply over time. They also serve as a rather unreliable barometer for economic activity on the blockchain. But with such a decline, one can only wonder if traders have decided to take a leisurely stroll to the sidelines, leaving our dear SHIB exposed to the perils of further downswings.

Shiba Inu Price vs Trading Volume | Source: CoinMarketCap, Aug. 19, 2025

On this fateful Tuesday, the lack of activity seemed to reinforce the downward pressure, as SHIB spot trading volumes fell to a mere $206 million, down 50% from last week’s exuberant peaks of $418 million. It’s as if the traders have collectively decided to take a long nap, leaving our beloved Shiba Inu to fend for itself.

Shiba Inu Price Forecast: Technical Risks Mount Below 20-Day Average

As we delve deeper into the murky waters of Tuesday’s trading session, we find SHIB languishing beneath the 20-day moving average, a critical support level for those brave short-term traders. The chart, dear reader, is a sight to behold, with momentum indicators leaning bearish, and red candles dominating the recent sessions like a particularly dreary play.

Shiba Inu Price Forecast

This technical setup raises the specter of forced liquidations, should the selling pressure intensify. For those with a penchant for drama, bears may eye a swift descent toward the nearest support cluster at $0.00001164, aligning with the lower Bollinger Band. A further breach could drag SHIB down to the local low of $0.00001100, a sight not seen since late July.

On the brighter side, should the bulls muster their strength to reclaim the 20-day average at $0.000013, we might witness a flicker of hope. A sustained move above that level could set the stage for a test of $0.000015, where the upper Bollinger Band capped last week’s gains. Until then, the prevailing sentiment remains as bleak as a winter’s night, reflecting the broader Ethereum ecosystem’s headwinds and the declining SHIB burn activity.

Maxi Doge Presale Gains Momentum Amid Shiba Inu Price Correction

While our dear Shiba Inu grapples with its existential crisis, newly launched memecoins like Maxi Doge are capturing the attention of traders like moths to a flame. Promoted as a high-leverage community token, Maxi Doge offers trading at 1000x leverage with no stop-loss, amplifying both risk and the potential for delightful chaos.

Maxi Doge Presale

The presale, currently priced at $0.000253 per token, has already raised more than $1.27 million against a target of $1.53 million. Beyond the presale demand, Maxi Doge emphasizes utility through staking pools with daily smart contract payouts, competitive contests rewarding top traders, and partnerships designed to integrate the token into futures platforms and gamified events. It’s a veritable carnival of financial opportunity!

And as the countdown timer ticks down, indicating just two days before the next price increase, one can’t help but feel a twinge of excitement. Visit the official Maxi Doge website to get in early, if you dare!

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2025-08-20 00:27