Ah, the digital bazaar of cryptocurrencies-a veritable circus of emotional roller coasters! On this fine Sunday, it appears that our dear Shiba Inu has decided to join the ranks of the melancholic, with most digital assets donning their finest shades of red.
At the moment of this literary endeavor, Shiba Inu has taken a delightful tumble of 1.27% in the last 24 hours, now sitting pretty at a jaw-dropping $0.000007742, which is reminiscent of my great aunt’s last garden party-full of promise yet ultimately disappointing. Over the week, it’s down a rather dramatic 7.93%. Bravo!
This charming decline follows a bout of profit-taking, driven by macroeconomic woes that would make even the sturdiest of investors clutch their pearls. In the last 24 hours, we’ve witnessed a staggering $123 million in liquidations, as reported by our friends at CoinGlass. It seems bullish liquidations are having a field day-how positively thrilling!
In a curious twist of fate, Shiba Inu is experiencing a liquidation imbalance of 15,943.82%. I daresay, that’s quite the number! Long positions have taken quite the beating, with $28,560 liquidated in SHIB positions just yesterday. Longs accounted for most of this-$28,380 to be precise-while shorts only contributed a measly $178.25. Such a gap, dear reader, is a true testament to the wild west nature of cryptocurrency!
The Current State of the Shiba Inu
Shiba Inu is currently meandering sideways, trapped in a narrow range following its dramatic descent below the illustrious daily MA 50 at $0.000008. Since January 19, it’s been gossiping between $0.00000743 and $0.00000819, with the RSI flattening out like an overcooked pancake below 50-an ominous sign that the sideways shuffle may linger a tad longer.
Despite valiant attempts to regain its former glory, Shiba Inu continues to wallow beneath the daily MA 50, which seems to have become a rather exclusive club that it simply cannot re-enter. The next few sessions will be worth watching-will our plucky Shiba Inu transform that daily MA 50 into a supportive friend, targeting $0.000007 and $0.00001? Place your bets!
A Rallying Cry from the Shiba Inu Team!
In a recent tweet that could warm the cockles of anyone’s heart, esteemed Shiba Inu team member Lucie implores the community to “stay strong and keep fighting.” A noble sentiment indeed!
In another thoughtful missive on X, Lucie shares wisdom garnered through years of navigating the tumultuous waters of crypto: “Learning what to ignore is part of protecting your mental health.” How absolutely sage! Taking random vitriol to heart invariably adds stress without providing any grand revelations or solutions.
“Not every comment is worth internalizing, and not every attack deserves prime real estate in your mind,” Lucie professed, reminding us all to maintain our composure amidst the chaos. A toast to Lucie and her grounded approach-may we all aspire to protect our minds like a fine piece of art!
Read More
- EUR USD PREDICTION
- GBP CNY PREDICTION
- STX PREDICTION. STX cryptocurrency
- USD MYR PREDICTION
- BTC PREDICTION. BTC cryptocurrency
- EUR ARS PREDICTION
- CNY JPY PREDICTION
- NEXO PREDICTION. NEXO cryptocurrency
- Gold Rate Forecast
- SOL PREDICTION. SOL cryptocurrency
2026-01-25 21:38