SHIB’s Downward Spiral: Is It Time to Panic Yet? 🚨

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So, according to CoinStats, buyers are weaker than bears at the start of the weekend. Great. Just what we needed—more bad news. 🙄

SHIB/USD

Oh, and guess what? The price of SHIB has dropped by 3.52% in the last day. Because, of course, it has. 📉

On the hourly chart, SHIB is closer to the support level than the resistance. If this trend continues, we might see a test of the $0.00001230-$0.00001240 area soon. Because why not add a little more drama to the mix? 🎭

On a bigger time frame, the price of this meme coin has been falling for three days straight. At this point, we should focus on the candle closure in the interim zone of $0.00001250. Because, you know, that’s what we all live for—candle closures. 🕯️

If a breakout happens, we might see a drop to the $0.000012 mark. Because, obviously, it can’t just stop at $0.00001250. That would be too easy. 😒

From a midterm perspective, the weekly bar is about to close with a long wick, which is a bearish signal. If the bulls can’t get their act together, we might see a test of the $0.00001078 level. Because, you know, why not aim for the absolute bottom? 🎯

As of press time, SHIB is trading at $0.00001277. So, there’s that. 😐

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2025-03-29 19:25