Oy vey, Shiba Inu price is up for three days straight, society rejoices! $0.00001315-such a big number, you’d think we’re talking about lunch money. Crypto’s making a comeback and SHIB burn rate is going wilder than Mel Brooks at a disco.
- SHIB price is teetering on the edge-like my Aunt Sadie at her fourth wedding.
- Shibarium’s total value locked is dropping faster than my hopes after seeing the sequel to Spaceballs.
- Bearish pennant chart pattern? Oy, that’s not a pennant, that’s a surrender flag!
Shiba Inu (SHIB) bounced up 30% this year from its low-if only my cholesterol numbers were that optimistic. Still, it’s lagging behind the popular kids at the crypto party, 60% down from its November “I’m-on-top-of-the-world” price. You call that a rally?
SHIB’s got a couple of hopes, bless its little heart. First, the burn rate soared by 1,823% on Friday. That’s more burning than what I did to my brisket last Passover. Supposedly, rising burn rates make investors giddy, since fewer coins means more value. Or maybe just fewer coins at the bottom of my couch cushions.
Second, Ethereum price leaped past $4,000! And let me tell you, that’s more dramatic than my mother-in-law’s opinions.
Ethereum’s up 150% since April. SharpLink and other companies are hoarding it like matzo during a famine. Spot Ethereum ETFs keep stacking coins like my Uncle Morty at a buffet. When Ethereum is up, SHIB and ERC tokens tag along for the free ride-like a plus-one at a wedding. 🕺
But wait! There’s trouble in paradise. Shibarium-the layer-2 network-is performing about as well as my first stand-up routine. $1.7 million in total value locked and dropping. That’s weak user adoption, or as Mel Brooks would say, “It’s got more holes than Swiss cheese.”
Plus, SHIB’s daily trading volume keeps slipping under $200 million. In crypto, that’s like showing up to Broadway with a kazoo and calling it a jazz concerto. Not impressive.
Shiba Inu price technical analysis
Check out this three-day chart. SHIB is stuck tighter than pants after Thanksgiving dinner. It’s below both the 50-day and 100-day moving averages-translation: it’s giving technical analysts agita.
The real showstopper? Shiba’s chart cooked up a bearish pennant pattern. That’s wall street lingo for “Uh-oh.” An apex is coming, so expect a breakout soon, probably downwards-like my optimism after watching “Robin Hood: Men in Tights” reviews. If it breaks $0.00001022, next support is the floor. Or maybe the basement. Somebody call Mel-this is slapstick!
SHIB price-will it rise? Maybe. Will it fall? Probably. But at least we’re entertained! 🐶💥🎭
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2025-08-08 23:20