SHIB/USD: The Saga Continues—Bears and Bulls in a Never-Ending Duel
In the quiet hours of midweek, the market seems to favor the bull—though one might wonder if the bears are merely playing dead, or perhaps just nose-deep in their own despair. CoinStats reports, quite matter-of-factly, that the bulls are more powerful than bears. Imagine that, a world where bulls reign supreme in the midst of chaos—what a novelty! 🐂… or so they say.
As for our little friend SHIB, it has decided to take a nosedive of 1.31% since yesterday. Perhaps it’s tired of all the hype and just wants a quiet retirement in the Support zone. 😅
On the hourly chart, the rate appears quite bearish, creeping toward the elusive local support of $0.00001298. If it dares to break this boundary, we might see it testing the $0.00001280-$0.00001290 range—just a casual stroll down the decline, really.
Zooming out to the grander perspective, the picture remains dull and uninspiring. No reversal signals, no fireworks—just a steady fall after bouncing off the resistance of $0.00001324, like a poorly-trained puppy stopping short of the treat. If the candle closes at current levels or below, well, folks, it might just be a one-way ticket to the support zone—fun for the whole family! 🎢
Looking further ahead, the outlook is grim enough to make even the most hardened hodler question their life choices. With the rate nearer to support than resistance, if the buyers stumble and lose the $0.00001230 level, we could witness a swift descent to the $0.000011-$0.000012 range—an adventure in “how low can you go.” 🤡
And as of now, SHIB trades at a modest $0.00001299, possibly contemplating its fate or simply waiting for a sign from the market gods—whichever comes first.
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2025-06-04 15:22