🐕 The SHIB Bubble Bursts: Sell-Off Looms 📉

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  • SHIB’s value and bustling wallets have taken a nose-dive recently. Quelle surprise!
  • Reserves of the internet’s favorite pup coin hit a high note, a symphony of sell, sell, sell!

In the grand tapestry of digital hocus-pocus, Shiba Inu‘s network has gone from bustling to a ghost town. CryptoQuant says SHIB token transfers have tanked by a whopping 79.55%. Imagine the sound of a bubble popping—THAT loud.

And if that wasn’t enough, active wallet addresses for the memecoin have shriveled up by 33.68%. It’s like everyone’s gone to the dog park, and SHIB was left behind. Sad!

SHIB’s exchange reserves are having a growth spurt

While the trading world slows to a crawl, Shiba Inu’s exchange reserves are having a growth spurt that would make a weed envious. More SHIB tokens are piling up on exchanges, just sitting there, waiting for someone to take them for a walk. But who?

In case you haven’t guessed, this isn’t a good sign. When exchange reserves balloon, it usually means someone’s about to dump their digital pooch. A clear-as-day signal that SHIB’s price might be heading south for the winter.

Keep your eyes peeled on these price levels

Technically speaking, SHIB’s chart looks like it’s been through the ringer. As of now, the coin is teetering on a tightrope of support at $0.00001223. One misstep, and it’s a long way down to the next potential resting spot at $0.00001095.

If the selling fervor doesn’t let up, SHIB might just keep digging its own grave. And with the stochastic RSI still partying like it’s 1999, the chances of a comeback are about as good as a Chihuahua winning a tug-of-war with a Rottweiler.

SHIB’s next move? It’s all up to the market’s mood swings. If buyers show up at the support zones, we might see a little jump. But with sell-off fever in the air, the coin might just keep drooping.

For now, all eyes on $0.00001223 and $0.00001095. These are the levels that could either be SHIB’s lifeline or its final bow-wow.

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2025-03-30 06:18