SHIB’s Dramatic Plunge: Will It Ever Rise Again? 😱

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Ah, the market, that fickle mistress, has once again donned her crimson attire, as reported by the ever-reliable CoinStats. One might wonder if she has a penchant for drama. 🎭

SHIB/USD

In a rather disheartening turn of events, the price of SHIB has plummeted by a staggering 3.61% since yesterday. One can only imagine the collective sighs of despair from the traders. 😩

Gazing upon the hourly chart, one might observe that SHIB is clinging to the support level like a cat to a tree during a thunderstorm. If this melancholic tableau persists until the day’s end, we may witness a test of $0.00001789 by tomorrow. How thrilling! Or not. 😏

In the grander scheme of things, SHIB seems to be wandering far from the main levels, much like a lost soul in a vast forest. However, should the bulls lose their grip on the interim level of $0.00001750, traders might brace themselves for a downward spiral to the $0.000017 area. How delightful! 🐻

From a midterm perspective, the bears are clearly in charge, orchestrating a symphony of decline. If the weekly bar closes near its low, we can expect the descent to continue, perhaps to the nearest support level of $0.00001550. A round of applause for our bearish friends! 👏

As of this very moment, SHIB is trading at a modest $0.00001813. One can only hope for a miracle, or perhaps a good cup of tea to soothe the nerves. ☕

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2025-01-29 18:45