Is Shiba Inu Finally Taking a Chill Pill? 😂 Find Out! 🚀

Well, folks, Shiba Inu just couldn’t resist channeling its inner drama queen and took a nosedive from its favorite $0.00001500 to a more modest $0.00001250 between May 29-30. Volume spiked like a latte at a hipster café, but don’t get too excited—then it slowed down, like us on a Sunday morning, suggesting our little meme coin might be sneaking into a cozy little nap called “consolidation”. Basically, it’s hanging out just below its recent high, playing hard to get.

May 29-30 Crash – The Fast and the Furiously Brief

Crypto Man MAB (yes, that’s his real name, probably) pointed out that SHIB‘s showing some signs of weakness—short-term and long-term. It’s holding at $0.00001266, which is just a tiny drop of +0.47% today. Over the last month, it’s down nearly 4%, and over six months, a whopping 54.73%. Basically, it’s been having a rough half-year, like trying to wear crop tops in winter.

Chart-wise, it dropped faster than your phone battery on Tinder date night, falling from the $0.00001500 region to $0.00001250 in a flash, fueled probably by market chaos or maximum profit-taking. But now, it’s found some footing—probably pretending to be stable to avoid us jumping to conclusions.

During the crash, volume spiked like a viral TikTok dance. Everyone was selling, and panic was in the air. But now? Volume’s tapered off, as if everyone has finally exhaled and decided to just watch the chaos unfold like a soap opera.

So, what’s next? Shiba is chilling in a support zone, like it’s waiting for the coffee to brew. Support is around $0.00001250, and resistance—like that one ex you keep checking—hangs between $0.00001350 and $0.00001400. Will it bounce back, or is it going to keep sliding? Only time will tell, but probably not until the market gets its act together.

Support, Resistance, and a Whole Lotta Waiting

Crypto Man MAB says SHIB has found a short-term support level, so maybe it’s not all doom and gloom. But with resistance still stubbornly at $0.00001350, it’s playing hard to get. The current tight range between $0.00001257 and $0.00001308 makes everyone nervous, like waiting for your crush to text back.

In conclusion, our furry friend is still riding the bearish wave—consolidating at the $0.00001250 level. A break above $0.00001350 could mean a comeback story, but slipping below support might mean a prolonged stay in the meme coin get-together. Watch volumes, peer reviews, and market vibes—because, frankly, nobody knows what’s next, and nobody wants to be the first to call it.

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2025-06-02 14:55