You Won’t Believe How This Shiba Inu Took a Spill and Maybe Bounced Back!

by

Markets

Here’s the skinny:

  • SHIB done played its long game and ended up takin’ a nosedive.
  • That SHIB-DOGE duo got back up after belly-floppin’ into record lows.

Well now, Shiba Inu-which is mighty popular in all that meme coin hullabaloo-took a sudden slide, tumbling along with the whole market like a dog chasein’ its own tail. But don’t go lightin’ no candles for it just yet: it still done beat its cousin, Dogecoin, who in this rodeo took a worse spill. 🐕‍🦺

Prices done dropped 5% from $0.000012888 down to $0.000012188 quicker than a frog in a skillet, squeezin’ out over a million bucks in leveraged bets. Looks like most folks were bettin’ long-guess they had their heads in the clouds, sayin’ ‘This here market’s bullish!’ according to them coin folks at Coinglass.

Now, the stubborn critters set up a mighty plain barrier around $0.00001237 when the liquidations were runnin’ hot, with a cozy spot to stand at $0.00001197.

More importantly, this little tumble done broke the fancy triangle shape them trendline fellers drew connectin’ lows from June 22 to Sept. 1 and highs from May 12 to July 21, which, if you ask a common man like me, means trouble’s brewin’ – reckon it’s headed down further towards that June 22 low at $0.00001004.

That big ol’ breakdown sent volumes sky-rocketin’ to 5.29 trillion tokens, a heck of a liquidation stampede, so they tell me over at CoinDesk.

Shootin’ the breeze – Key insights

  • SHIB took a hard shove downward over the past day, from $0.000012888 down to $0.000012188-losin’ 5% like a gambler with a busted poker hand.
  • The whole trading rodeo stretched itself down to $0.000009441, with the wildest ride hittin’ at 6 AM on Sept. 22 when prices dipped to $0.000011975 with a stampede of 5.29 trillion tokens, establishin’ tough resistance at $0.000012373-you might call it the gatekeeper of hope.
  • Friendly support stood tall at $0.00001197, with buyers circlin’ like buzzards, whilst resistance lounged near $0.00001290, holdin’ those prices hostage like a stubborn mule.

SHIB-DOGE Bounce Back or Just a Fluke?

While Shiba took a 5% tumble, Dogecoin got skinned worse than a cat at over 8%, which led to that SHIB-DOGE pairing on Binance givin’ itself a little pep talk, bouncin’ up from record lows – like a boxer who’s seen one too many punches. 🥊

Their daily MACD histogram’s yanked its thumb out and is pretendin’ to turn positive, signalin’ maybe Shiba’s got some legs left to outrun Doge in the near future.

But don’t break out the champagne just yet-looks like the overall crowd’s still whisperin’ bearish tales as long as that descending trendline from March ’24’s highs stays in place, like an old sheriff watchin’ for trouble in town.

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2025-09-22 20:51