Shiba Inu (SHIB): Profitability Below 50%, Here’s What It Means

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Well folks, it looks like only 41% of Shiba Inu holders are making any dough, while over 51% are swimming in the red! 🛶 The company seems to be having a rough time, with market sentiment turning as sour as old milk. 🥴

Historically, when investors start losing money, they panic-sell faster than you can say ‘Oy vey!’, increasing selling pressure. Without a bunch of eager beavers ready to buy, SHIB’s price could tumble faster than a drunken acrobat. 🤹‍♂️

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Yikes! SHIB recently broke below the critical $0.000019 level – not a good sign! The next support levels are $0.000017 and $0.000015. If SHIB doesn’t hold these levels, it could fall faster than a lead balloon, potentially heading to $0.000011. 🚀 (in reverse!)

On-chain metrics are not painting a pretty picture either. With 74% of SHIB held by the big fish, a big sell-off could tank the price quicker than a bad stand-up routine tanks an audience. 📉 Also, a 0.44% drop in Telegram community engagement shows hype is cooling off. Remember folks, this token thrives on hype and momentum like a comedian thrives on laughter. 🎭

But wait, there’s a glimmer of hope! If the market sentiment changes, a recovery in the overall crypto market could bring SHIB back to life, like a long-lost relative at a family reunion. If it reclaims the $0.00002 level, sidelined investors might just jump back in, hoping for a comeback as big as Mel Brooks’ next joke. 🎤

So, keep those eyes peeled, dear investors. The next few weeks might just determine whether SHIB sinks or swims. Maybe it’s time for a prayer, or a good laugh, or both. 😆🙏

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2025-01-27 15:28