SHIB Price Crash or Moonshot? You Decide!

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Well, well, well, buyers aren’t ready to throw in the towel just yet, according to CoinMarketCap. They keep holding on like a cat clinging to a tree during a thunderstorm. 🐱⛈️

SHIB/USD

Surprise, surprise-SHIB has gained 3% in the last 24 hours. It’s almost like watching a turtle winning a race. Slow, but sure? Or just lucky? 🐢💸

On the hourly chart, SHIB’s price sits near the local support level of $0.00001063. If it breaks through that, brace yourself for a descent towards the $0.00001050 range. A graceful fall, like a ballerina taking her last bow… or maybe not. 💃❄️

When we zoom out a bit (because, you know, life’s too short to look at only the small stuff), the technical picture remains rather uninspiring. Volume is low, which tells us that neither the bulls nor the bears can be bothered to take charge. Everyone’s waiting for a miracle, probably from the same people who believe in the tooth fairy. 🦷🪙

Buyers, in their wildest dreams, may start to entertain the idea of an upward movement if the bar closes above the nearest level of $0.00001145. So… yeah, it’s a stretch, but who doesn’t love a good underdog story? 💭🏆

On the medium-term horizon, things look more like a gloomy cloud than a sunny day. If this week’s candle doesn’t close above $0.00001145, prepare for SHIB to slide down to the $0.000009 level. This isn’t exactly the “to the moon” type of forecast. It’s more like “to the depths of the ocean” if you ask me. 🌧️🐋

As of now, SHIB is trading at $0.00001068. If you’re holding, maybe it’s time to start practicing deep breathing exercises. Or yoga. 🧘‍♂️💸

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2025-10-15 15:01