SHIB’s Price Takes a Dive: What’s Next? 🤷‍♂️📉

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In the vast ocean of cryptocurrencies, where dreams and fortunes are made and lost within the blink of an eye, the end of the week brings a storm of sellers’ pressure, as reported by the ever-watchful CoinStats. 🌩️

SHIB/USD

Alas, the humble SHIB, like a leaf tossed in the wind, has seen its value plummet by 2.32% over the last 24 hours. A tale as old as time, or at least as old as the internet. 🍂📉

On the hourly chart, the price of SHIB clings to life near the support of $0.00001273. Should it fail to find its footing by the day’s end, a grim journey to the $0.00001250 range awaits. A true test of endurance, or perhaps just another day in the crypto circus. 🎪🚶‍♂️

Zooming out, we see the price of SHIB meandering aimlessly in the middle of a wide channel, bracketed by the support of $0.00001173 and the resistance of $0.00001428. Neither bulls nor bears seem to have the upper hand, making any dramatic shifts unlikely by tomorrow. A stalemate, if you will, but in the world of crypto, isn’t that always the case? 🤔🤷‍♀️

From a midterm perspective, the story remains unchanged. Low volume suggests that the market is content with its current state of limbo, with sideways trading in the range of $0.000012 to $0.000014 being the most probable outcome. A dance of patience, a game of waiting, and a reminder that sometimes, the best move is no move at all. 🕺💃

At press time, SHIB is trading at $0.00001294, a testament to its resilience or perhaps just a pause before the next plunge. Only time will tell, and in the meantime, we watch, we wait, and we wonder. 🕰️🔍

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2025-08-24 19:20