SHIB: The Rollercoaster Ride of Crypto – Hold On Tight!

by

Ah, dear reader, it appears that the crypto market has decided to take a little tumble today, as reported by the ever-reliable CoinStats. One might say it’s akin to watching a particularly clumsy giraffe trying to navigate a tightrope! 🦒

SHIB/USD

Now, let’s talk about our dear friend SHIB, who has taken a slight dip of 0.42% over the last day. It seems our canine companion is not quite as sprightly as one would hope! 🐕‍🦺

On the hourly chart, SHIB is snuggling up closer to the support level than the resistance level. If this little rascal continues to grow, we might just see it testing the resistance by tomorrow. Fingers crossed! 🤞

However, if we zoom out to the bigger picture, the outlook is decidedly more bearish than bullish. It’s like expecting a sunny picnic only to find yourself caught in a downpour! ☔

Should the daily bar close below $0.00001397, traders might witness a rather dramatic support breakout, followed by a swift move to the $0.00001350 zone. Hold onto your hats, folks! 🎩

From a midterm perspective, one ought to keep a keen eye on the weekly bar closure regarding the nearest level of $0.00001397. If that candle decides to close below it, we may very well be heading down to the $0.000012 area. Oh, the suspense! 😱

As of this very moment, SHIB is trading at a rather modest $0.00001438. Let’s hope it finds its footing soon!

Read More

2025-05-25 14:35