SHIB: The Rollercoaster Ride of Crypto – Buckle Up! 🎢💰

by

Ah, the market, that fickle mistress, has donned her crimson attire once more, as reported by the ever-reliable CoinStats. How delightful! 😏

SHIB/USD

In a dramatic twist worthy of a soap opera, the price of our beloved SHIB has plummeted by a staggering 5.21% in the last 24 hours. Bravo! 👏

On the hourly chart, the SHIB rate is attempting a comeback after a rather theatrical false breakout of the local resistance at $0.00001235. If our bullish friends can muster the strength to maintain this newfound momentum, we might just see a test of that resistance by tomorrow. Fingers crossed! 🤞

Zooming out to the grander canvas, the price of this meme coin has also executed a false breakout of the support level at $0.00001230. A true masterclass in misdirection! 🎭

Should the candle decide to close far from that mark, traders may be treated to a local growth spectacle, possibly reaching the illustrious $0.000013 zone. What a show! 🎉

From a midterm perspective, it appears that the sellers are flexing their muscles more than the bulls. If the weekly bar decides to close below the interim level of $0.000012, brace yourselves for a potential test of support soon. The drama unfolds! 📉

As of this very moment, SHIB is trading at a tantalizing $0.00001265. What a cliffhanger! 🍿

Read More

2025-05-31 18:11