Shiba Inu’s Dramatic Plunge: Investors Left Laughing or Crying? 😂

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<a href="https://tech-oracle.com/shib-usd/">Shiba Inu</a>‘s Dramatic Plunge: Investors Left Laughing or Crying? 😂

Ah, the Shiba Inu (SHIB), that whimsical creature of the crypto world, now finds itself in a rather unfortunate predicament. With a staggering 42% decline in its burn rate, as reported by the ever-reliable Shibburn data, one can only wonder if the universe is playing a cruel joke. In the last 24 hours, a mere 9,700,878 SHIB were sacrificed to the crypto gods, leaving a total of 410.7 trillion tokens in the ashes of its initial supply.

Such a decline in the burn rate suggests that our dear SHIB is shedding its tokens at a pace reminiscent of a tortoise in a marathon. With fewer tokens being whisked away from circulation, the scarcity that once fueled its value is now but a distant memory, leaving investors to ponder the existential question: “Will it ever rise again?”

Last week, SHIB displayed a fleeting glimmer of hope, bouncing from an intraweek low of $0.00001082 to a dizzying height of $0.0000138—a commendable 26% surge! Alas, like a soap bubble, it burst, and the price swiftly retreated into the shadows.

SHIB Price Outlook

In the past month, our beloved SHIB has experienced a 20% decline in value, now teetering on the edge of two critical support levels: $0.0000115 and $0.00000815, as astutely noted by the crypto oracle, Ali Martinez.

Key #ShibaInu $SHIB support levels! $0.0000115 and $0.00000815 in focus.

— Ali (@ali_charts) March 19, 2025

As I pen these words, the token is trading at $0.00001261, down by a mere 0.5% in the last 24 hours. The daily SHIB price chart reveals an RSI hovering around 41, a neutral-to-bearish territory, suggesting that the token may still have room to tumble further before a miraculous turnaround.


SHIB’s price is also inching closer to the lower Bollinger Band, hinting at a potential sell-off that could rival a Black Friday sale. Should it dip below this band, we might witness a classic case of overselling, paving the way for a possible rebound—if only the stars align.

Meanwhile, the MACD line has taken a stroll below the signal line, a clear bearish sign. Yet, a bullish crossover could signal a change in the winds. The resistance level of $0.0000138 stands as a formidable barrier, much like a bouncer at an exclusive club.


Interestingly, SHIB is forming a Falling Wedge pattern, a bullish reversal setup on the hourly chart. A breakout above the wedge’s upper trendline could trigger a price recovery sharper than a cat’s claws on a velvet sofa.

The 1-hour chart for $SHIB is showing a Falling Wedge, a bullish reversal pattern. 📈 Bullish Case: A breakout above 1260 could trigger a rally toward 1280 – 1320. If buying momentum increases, SHIB could push even higher. 📉 Bearish Case: If 1260 holds as resistance

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2025-03-19 19:51