Shiba Inu: A Crisis Averted? 🐾📉

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One must confess, the financial affairs of Shiba Inu have been most perplexing of late, as per the estimable TradingView. There has been no grand spectacle or dramatic flourish, merely a steady, unrelenting descent. Yet, lo and behold, the chart now exhibits a feature most commonly associated with the cessation of such trials: the price, though not ascending, has ceased its downward trajectory. Indeed, it now resides in a most agreeable range, between $0.0000086 and $0.0000090, a state of equilibrium that often precedes the end of such trials. 🧠

Shiba Inu’s Most Unwelcome Descent

For the majority of November, SHIB has continued to produce lower highs and lower lows, a most discouraging pattern. However, the recent candles suggest a marked slowdown. The selling pressure, once relentless, now lacks its former vigor, with each drop becoming less severe and the wicks growing ever tighter. A most telling sign, one might say, that the trend is losing its steam. 📉

Volume, that most reliable of companions, corroborates this theory. The once-ferocious red volume spikes have vanished, and trading activity has dwindled. This suggests that the sellers, though still present, are now most exhausted. Stabilization, one might argue, often begins with weary adversaries. 🕵️‍♂️

This narrative is further bolstered by the RSI, which has remained stubbornly in the low 30s, refusing to descend further into the abyss. Typically, such indicators plummet with each leg of a prolonged downturn, yet SHIB has shown no such inclination. Instead, it has flattened, a most unyielding indicator of waning momentum. 📈

Shiba Inu’s Lack of Recovery

Though this does not necessarily herald a reversal, one must note that SHIB has yet to produce a higher low, reclaim any significant EMA, or display a suitable bullish structure. Yet, when a chart ceases to bleed and begins to consolidate, the dynamic shifts. A market no longer in decline is most certainly preparing for its next phase, which may be consolidation, relief, or a gradual ascent. 🧵

At present, the most plausible explanation is that the gloomy specter of bearish volatility has all but vanished. SHIB is no longer in free-fall, and a sideways phase grows increasingly probable. This quiet interlude may serve as the catalyst for a corrective bounce, should buyers muster the courage to intervene. 🌱

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2025-11-20 13:12