Shiba Inu’s Desperate Dance: Will It Rise or Fall?

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In the midst of a prolonged agony, the Shiba Inu coin, once vibrant, now bears the marks of a weary soul, its candle flickering with a faint green glow, a rare sight in these trying times. One might say the market, long battered and bruised, has finally found a moment of respite, though it is but a fleeting breath of hope. 🌱

Downtrend never disappears

Yet, the downtrend, that relentless specter, continues its grim march, unyielding as the winter frost. The long-term structure, once robust, now lies in ruins, and the price, a shadow of its former self, lingers beneath the weight of all significant moving averages. However, the momentum, like a frayed rope, threatens to snap. 🧠

The RSI, that faithful companion, has lingered in the realm of the oversold, a state typically reserved for the final act of a tragic play, not the overture of a new beginning. This suggests that the downturn may be losing its vigor, though the sellers, though fewer, still linger with a quiet, persistent resolve. 📉

Shiba Inu needs more

A series of lower lows, like the steps of a weary traveler, preceded the recent green candle, a harbinger of potential change. The slight increase in volume whispers of buyers daring to test the depths, yet conviction remains a distant dream. A coin’s fate, much like a man’s, is often decided by the strength of its resolve. 💸

From this point on, there are some plausible possibilities. The conservative bounce scenario is the first. SHIB is still targeting short-term moving averages and nearby resistance as it grinds sideways to slightly higher. This would be a relief action rather than a reversal. Before sellers intervene again, the price might slightly retrace. If the overall state of the market remains neutral, that is the most likely outcome. 🧩

A failed bounce is the second scenario. The price stalls due to resistance, the green candle turns out to be a liquidity grab and SHIB starts its downward trend again. It is impossible to rule out this result, given the daily charts predominant bearish pattern. If momentum wanes quickly, the market may suddenly reverse course. 🌀

A base formation is the third, less probable but noteworthy, scenario. A longer accumulation phase may start if SHIB is able to maintain this level, print higher lows on the short time frame and gradually regain key averages. Just stabilization, not a breakout or a hype cycle. 🧠

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2025-12-19 11:47