Crypto Crash: Shiba Inu Support Revealed & It’s Worse Than You Think!

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So, we got this dog-themed cryptocurrency, Shiba Inu (SHIB). Yeah, a dog. And apparently, it’s testing some crucial support zone, whatever that means, because $854 million just vanished into thin air from the market. Poof! Gone!

Ali, who, let’s face it, I don’t know from Adam, says this $0.0000185 to $0.0000212 range is critical. Yeah, you got that right… many zeros, very crucial stuff.

“The $0.0000185 to $0.0000212 range stands as the most critical support zone for #ShibaInu $SHIB!”

— Ali (@ali_charts) January 27, 2025

But guess what? Shiba Inu’s price did a belly flop. It’s now at $0.0000179. And no surprise here, it’s down 11.18% in just 24 hours. What a day! 🙄

Since hitting that peak of $0.00002497 on Jan. 18, it’s been downhill – like my luck at the racetrack. Six days of losses if today doesn’t get better.

The Daily SMA 200 support at $0.00001923 that’s been holding SHIB up since November 2024? Gone. The RSI is negative. It’s a financial horror show.

Now everyone’s watching to see if SHIB can make a comeback. Can you imagine these suspenseful moments in the crypto world? Will it hit that crucial support zone, the daily SMA 200? Hold your breath, people, a recovery rally might be on the cards.

Crypto Market Sees Major Sell-Off

In the past 24 hours, the crypto market has been an absolute mess. $860 million up in smoke. Bitcoin falls below $100,000 – and everyone freaks out. 🙃

Bitcoin’s below $99,000 because, of course, traders are jumping ship before the Federal Open Market Committee meeting in the U.S. Smart move or panic move? You be the judge.

Derivatives markets are also feeling the heat. Bitcoin liquidations? $261 million! And oh, poor Shiba Inu, it saw $2.3 million in liquidations. What’s going on?!

The biggest single liquidation order? A jaw-dropping $98.46 million on HTX in a tether-margined BTC trade. How does that even happen? 😳

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2025-01-27 15:50