Shiba Inu (SHIB): Not Adding Zero, Price Takes U-Turn

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Well, well, well, look who’s managed to dodge a bullet-or should I say, dodge adding yet another zero to its price tag. The ever-popular meme coin, Shiba Inu (SHIB), the one with more hype than a carnival barker, somehow avoided its enthusiasts’ worst nightmare: being stuck in the abyss of a zero-addition price catastrophe. Phew, right? 😅

It was a rough “Black Friday” on October 10th, when the SHIB hit rock bottom, dipping below the legendary $0.00001 mark. But, as with any drama queen, it didn’t stay down long. By the next week, SHIB was strutting its stuff around $0.0000102, like it had something to prove. 🤑

Now, let’s not get ahead of ourselves. The problem- and it’s a big ‘un- is that nothing’s really changed. Despite all the theatrics, Shiba Inu is still lounging a comfy 70% below where it was last December. Its market cap’s now just $6.9 billion, which seems like a lot, until you remember that whales have been busy selling off their stacks. Starting the week, their wallets held 21 billion SHIB-now they’re sitting pretty with 92 billion. Talk about a fire sale! 💸

And if you thought that was the end of the saga, think again. Exchange balances are now at a whopping 276 trillion tokens, up from 275 trillion just a few days ago. It’s like watching a game of musical chairs, except there’s no music, and everyone’s trying to get out with as many tokens as they can. 😬

SHIB Price Prints Bearish Pattern (Spoiler Alert: It’s Ugly)

Let’s take a gander at the price chart, shall we? Oh, look-there’s a friendly little descending triangle pattern hanging out, with a floor at $0.00001052. That’s been tested more times than a student cramming for finals-April, June, and again during the October crash. Classic setup: break, retest, and guess what? It usually points downward. And if this pattern holds, SHIB’s got a one-way ticket straight to $0.000006. 🐕💀

So, what does all this mean? Well, buyers have managed to hold the line so far-no zero added, at least for now. But don’t get too comfy, because the whales are still bailing out, the on-chain numbers are about as encouraging as a rainy day, and let’s just say the chart is looking like the kind of thing you’d hang in a haunted house. 🎃

The bounce might not last long, folks. Stay tuned, or better yet, grab some popcorn-this rollercoaster’s not over yet.

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2025-10-20 14:08