So, picture this: Shiba Inu, the cryptocurrency that had everyone talking (and some barking 🐶), has apparently found a comfy spot to chill at $0.000012. And guess what? A whopping26,000 wallet addresses are holding tight to21 trillion SHIB at this price. It’s like they’re all sitting there, sipping virtual tea, waiting for something dramatic to happen. Will this be the support Shiba Inu needs to moonwalk? 🚀 Or will it just be another day in the life of a meme coin? 🤷♀️
From the technical side of things, SHIB is feeling the squeeze. Those26 and50 EMA lines are playing hard to get, acting like the popular kids who won’t let SHIB sit with them at lunch. Poor SHIB is trying its best to cozy up just above $0.000012, a price point that’s been a bit of a tease in the past – sometimes supportive, sometimes not so much. 😏
The Relative Strength Index (RSI) is acting all nonchalant, hanging around the50 mark like it’s no big deal. Meanwhile, the on-chain data is telling a story that’s more dramatic than a soap opera. Around45% of SHIB holders are winning, while54% are still feeling the burn. And that21 trillion SHIB at $0.000012? It’s like a giant “Do Not Enter” sign for the price to drop further. Unless, of course, the whole market decides to throw a tantrum. 🎢
This massive buy wall could be SHIB’s knight in shining armor, preventing a freefall. But let’s not get too excited; there’s a ceiling of resistance just above, ready to play spoiler. If SHIB can’t charm enough investors to push past $0.000013-$0.000014, we might see a sell-off faster than you can say “puppy”. 🐾💸
And let’s not ignore those volume bars on the chart, looking as flat as my attempt at baking bread during lockdown. Without a bit more oomph in trading activity, SHIB’s dreams of a bullish breakout might just stay dreams for now. So, while the bulls have something to hold onto with this21 trillion SHIB support, unless the crypto world suddenly gets a massive mood boost, SHIB’s journey to the moon might be more of a crawl. 🐌🌙
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2025-04-20 13:03