Shiba Inu’s Zero-Zapping Gambit: 3 Days or Dog-Doomed?

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After one of the cruelest corrections of the year-where Shiba Inu’s price decided to play a game of “let’s lose a zero and see who yells first”-the meme token might just be plotting a comeback. 🐕📉 Following the crypto market’s latest crash (because nothing says “fun” like liquidations and existential dread), SHIB recently added a zero to its value. But now, it’s allegedly stabilizing, and if momentum continues, it might just erase that zero in three days. Fingers crossed, or as the ancients say, “don’t hold your breath.”

The Great Shiba Inu Market Reversal: A Tale of Two Candles

In a bold move that would make even the most jaded trader raise an eyebrow, Shiba Inu has been consolidating near its local bottom, currently trading at roughly $0.0000098. The price action suggests sellers are exhausted-probably because they spent all their energy screaming into the void when SHIB plummeted below $0.000010. 🤯 The buying volume spiked afterward, which is either a sign of hope or a gluttony of fools.

Despite volatility that makes a rollercoaster look sedate, recent sessions have shown smaller candles and less trading activity-a classic case of the market saying, “I’m not sure about this, but I’ll pretend I am.” Technically speaking, SHIB is still trading below all three major moving averages (the 50-, 100-, and 200-day EMAs), which is like trying to build a snowman in July. ❄️🔥

Another Push for SHIB: Or How to Outwit the Bear Market

Nonetheless, the RSI’s proximity to 39 suggests SHIB is edging toward oversold territory-a place where price reversals often happen, or as some call it, “the point of no return.” To reclaim the $0.000010 throne and remove that pesky zero, SHIB needs to break out above the $0.0000112-$0.0000120 resistance zone. If it does, it might attract momentum traders and retail investors who’ve been waiting for a sign that they’re not completely mad. 🚀

For the next three days, volume confirmation is the key. If trading volume spikes and a green candle closes above $0.0000105, it could signal accumulation at current levels. On-chain data also hints that increased wallet activity or exchange outflows might bolster bullish sentiment. In short: watch the numbers, but don’t forget to bring snacks. 🍿

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2025-10-19 16:18