Shiba Inu’s Wild Ride: Will It Moon or Crash Like My Last Diet?

by

Shiba Inu, everyone’s favorite cryptocurrency that somehow exists despite having no actual purpose, has been wobbling around like a drunk at a wedding lately. It’s currently trading at $0.00001197, which is roughly the price of a single grain of rice-if rice were also prone to wild, inexplicable price swings based on Elon Musk tweets. 🚀

While SHIB’s price action is about as exciting as watching paint dry (unless that paint is Bitcoin, which just hit another all-time high because of course it did), some chart-wielding nerds insist it’s forming a “structure” that could lead to an “explosive rally.” Translation: It might go up. Or down. Or sideways. Who knows? 🤷‍♂️

Testing the Boundaries of My Patience

According to people who stare at candlestick charts for a living, Shiba Inu is currently retesting a “strong buy zone,” which sounds like something a used car salesman would say right before handing you the keys to a lemon. This “descending structure” has been shaping SHIB’s trend since May 2025, which, coincidentally, is also how long I’ve been telling myself I’ll start going to the gym.

SHIB has been stuck in a consolidation range tighter than my jeans after Thanksgiving, trapped between a “horizontal support region” (the floor) and a “slanting resistance trendline” (the ceiling, but sadder). The resistance is currently lurking between $0.0000135 and $0.000014, which-let’s be honest-is still basically Monopoly money.

But wait! Before SHIB can moon, it needs to “collect liquidity” in its “strong buy zone” between $0.0000108 and $0.0000120. Because nothing says “financial security” like a meme coin gathering loose change for a breakout. Every time it touches this zone, buyers swoop in like seagulls on a french fry, preventing further decline. 🍟

If SHIB somehow manages to break free from its descending resistance line (and let’s face it, that’s a big “if”), it would need to close above $0.0000150 to confirm the move. That would supposedly open the door to $0.000017, where it would likely face “selling pressure” from people who actually want to make money instead of just posting dog memes.

And if-by some miracle-SHIB punches through $0.0000190? Well, then it might finally escape its sad little trend and soar to $0.00002, where it can promptly crash again because that’s what crypto does best.

The Current State of Affairs (or Lack Thereof)

Right now, SHIB is trading at $0.000012, which is slightly less thrilling than watching grass grow. Whether it breaks out depends entirely on Bitcoin, because altcoins are basically just Bitcoin’s awkward younger siblings, desperately trying to get attention.

Meanwhile, some poor soul on X (formerly Twitter, RIP) warned the “SHIB Army” about phishing scams. Because nothing screams “trustworthy investment” like a community that has to constantly remind itself not to get scammed. 🎣

Read More

2025-10-11 04:14