Shiba Inu’s SHIBmeltdown: 62% Profit Loss 😱

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Oh woe, the SHIB ticker danced with the devil of greed this week, squandering its gains like a drunken coonskin cap in a hurricane! The price, once perched atop the ephemeral throne of optimism, now crawls toward the abyss of investor despair. Alas, the recent rally-nay, a brief tryst with accumulation-has crumbled, plunging sentiment straight into the tar pit of panic selling.

As losses mounted faster than Tolstoy’s novel lengths, poor souls clutching tokens yearned to strand themselves from the sinking ship (or at least their screens), accelerating the descent with such fervor one might think they were paid in whiskey.

The Catastrophe of Curbed Confidence

On-chain almanacs, those dreary tomes of blockchain lore, scream of calamity. To wit: at Year’s Dawn, 140 trillion SHIB basked in profit, cloaked in the warmth of December’s price spike and the wooly-eyed enthusiasm of retail hordes!

But behold-the rug! By dusk, 62% of said “profit” had vanished like a mirage in a meme coin desert. Dwindling to 57 trillion, these tokens now writhe in existential dread, their gains as fleeting as a crypto bro’s patience during a bull run.

Frequencies shift when profitability becomes a ghost. Without profit’s warm hug, holders turn feral. “Selling” becomes their liturgy. Holy water? A candlestick chart. Want more doom-laden token tales? Subscribe to Editor Harsh Notariya’s Daily Crypto Newsletter, where despair is a daily feature! 🗞️

Macro indicators, those barometers of madness, confirm the inexorable march toward distribution. Exchange inflows-those green bars, brighter than a crypto guru’s smile-proclaim accumulation is but a memory. Selling now stamps its tyranny, leaving holders to sip the dregs of their glass-half-empty philosophy.

Exchange balances swell like a fat man’s waistline at a buffet of uncertainty. Tokens hoard exchanges like seditious warehouses of liquidation. One might say… preparation for the motherload of panic sales. 💸

This serene feedback loop-losses beget exits, exits beget losses-resembles a Russian nesting doll of despair. Without demand’s holy intervention, SHIB stands as vulnerable as a Tolstoyan peasant in a tsar’s tax vise.

SHIB’s Desperate Hug of Hope

SHIB clings to $0.00000857 like a drowning man to a cliché, hovering precariously above the $0.00000836 support line. Indeed, this past week’s 9.6% plunge feels as dramatic as Anna Karenina’s fateful choice-or perhaps less so.

The meager support line trembles under selling pressure like a poorly constructed log cabin in a snowstorm. Should it “break”, the 50-day EMA follows, consigning SHIB to the $0.00000786 nadir. A true rom-com of correction awaits. 📉

A miraculous recovery-should buyers frost their support shields-is not impossible. A bounce to $0.00000898 might flip the 100-day EMA from foe to companion. But heed this: stability demands vigilance! Otherwise, SHIB remains a pawn in crypto’s eternal game of hot potato. 🍔

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2026-01-13 10:33