In the great cosmic lottery of meme coins, Shiba Inu (SHIB) has performed a spectacular imitation of a lemming, diving 15% over the past week. As we speak, SHIB is trading at $0.0000116—or, as preferred by mathematicians, an exceptionally precise way to say “not much.”
Apparently, when things heat up in the Middle East, crypto holders tend to lose faith faster than a biscuit in hot tea. The market’s mood is now gloomier than a British beach holiday, and SHIB holders have responded in classic style: by panicking slightly and hitting the sell button like it dispenses free pizza.
SHIB Traders: Please Keep Your Hands and Feet Inside the Bear Market at All Times
If technical analysis is the astrology of the crypto world, consider the signs, dear readers: all momentum indicators point to SHIB wearing its bear suit for a bit longer. The much-feared BBTrend is now so red it’s been mistaken for an embarrassed tomato on the charts—very scientific, very serious.
The BBTrend, which you might reasonably suspect is just a way of saying “the market is about to get wobbly,” is in full contraction mode. The histogram bars are marching steadily into the red zones, and have been growing for thirteen days. That’s unlucky if you’re superstitious and even worse if you’re holding SHIB.
Not content with merely one indicator of doom, analysts scrutinized SHIB’s Elder-Ray Index, which is presently lower than the average mood at a Vogon poetry recital.
down is still the new up in SHIB-land.
Will SHIB Bounce, or Is This the End of the Beginning of the End?
At the moment, SHIB is clinging to the $0.0000102 support zone like a British tourist to a sunbed. This price was last tested in April, and might soon make a dazzling comeback—unless, of course, the bears push further and the whole thing slides to $0.00000939, a number so small it can only be seen by specially trained ants.
Should the bulls discover some leftover enthusiasm (perhaps hidden under a sofa), SHIB might bounce heroically up to the dizzying heights of $0.0000122. Until then, fasten your seatbelt, ensure your laughter glands are properly calibrated, and keep small animals away from the price chart. 🐕🚀📉
Read More
- How Angel Studios Is Spreading the Gospel of “Faith-Friendly” Cinema
- Gold Rate Forecast
- Hero Tale best builds – One for melee, one for ranged characters
- Comparing the Switch 2’s Battery Life to Other Handheld Consoles
- Castle Duels tier list – Best Legendary and Epic cards
- EUR CNY PREDICTION
- Mini Heroes Magic Throne tier list
- 9 Most Underrated Jeff Goldblum Movies
- USD CNY PREDICTION
- EUR NZD PREDICTION
2025-06-18 16:43