Shiba’s Spectacular Fall: The Crypto Circus Unravels! 🤡✨

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In a twist that could only be conjured by fate itself—much like one of Woland’s mischievous schemes—the illustrious Shiba Inu, that Ethereum-born jester of the meme coin world, has plummeted to a precarious support level, all while the vast crypto carnival groans under the weight of unseen forces.

On a whimsical Wednesday, as though scripted by a capricious spirit, SHIB briefly flirted with redemption at $0.00001199 after wallowing at a dismal $0.00001145—its nadir since the chill of February 27, a tragic 65% drop that leaves one to wonder if cosmic jesters control our fortunes. 😹

The collapse, dear reader, is not a solitary event; it is the grand finale of a market drama in which Bitcoin and its motley band of altcoins have receded into the shadows, leaving poor Shiba Inu to its existential fate.

Even the arcane scrolls of technical lore—those mysterious indicators—prophesy further descent. One such cryptic measure, the Mean Dollar Invested Age, whispers of dormant coin dollars, like bureaucratic apparitions lingering in the dim corridors of forgotten ledgers.

Behold the chart! It reveals a dramatic plunge in both the 365-day and 90-day MDIA values: the latter falling from 66 to 46, and the former from 205 to 143—an eerie sign that coins now flit about like wayward spirits at a surreal, absurd masquerade. 😂

Additional omens are evident in the vanishing number of active addresses, dwindling from nearly 20,000 in the frosty December to a mere 3,350—a spectral exodus leaving behind only the echo of once-bustling activity.

Shiba Inu Chart

As if under the spell of a capricious deity, the Shibarium network itself languishes; its total value locked has shrunk from a princely $6.4 million in December to a pittance of $1.91, leaving it far behind its more vivacious peers like Sonic and Berachain.

The Bewitching Scrolls of SHIB’s Technical Fate

Technical Analysis Chart

Over the span of three ill-starred days, SHIB has cascaded from its December high of $0.00003345 down to a woeful $0.00001095, dipping beneath both the 50-day and 200-day moving averages as if crossing into an abyss foretold by a death cross.

The token has even crafted a double-top pattern at $0.00003345, with its fragile neckline at $0.00001090—a portent as bleak as a ghostly waltz in a forgotten Moscow alley, and yet, it elicits a wry, sardonic chuckle. 😏

Inevitably, SHIB seems doomed to persist on this downward spiral, with sellers eagerly eyeing the psychological threshold of $0.000010. A breach of this haunted barrier may well usher in a final, precipitous plunge toward the abyssal $0.000005830—a tragic denouement that is a staggering 45% beneath its current lamentable level.

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2025-04-09 21:45