SHIB’s Plunge: A Tale of Woe and Memes 🌪️💸

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Ah, the middle of the week! A time when the heavens weep, and the coins, like hapless souls in a Gogol tale, tumble into the crimson abyss of despair. Behold, according to the almighty CoinMarketCap, the red zone hath claimed its victims once more! 😱

SHIB/USD: The Tragicomedy Unfolds 🎭

Lo, the price of SHIB hath plummeted by 3.71% in the span of a single day! A tragedy, you say? Nay, a farce! For what is a meme coin but a jester in the court of finance? 🤡

On the hourly chart, the wretched SHIB tests the local support of $0.00001204. If it doth not bounce back by day’s end, the decline shall continue, like a nose in a Gogol story, ever downward to the $0.0000190 range. Alas! 😢

In the grander tapestry of time, the picture is as bearish as a Russian winter. If the candle closes at its current price, traders may soon witness a test of the $0.00001173 support. A test, you ask? Nay, a trial by fire! 🔥

From the midterm perspective, the meme coin’s rate is as far from key levels as a nose is from its rightful face. In this absurdity, one must focus on the daily bar closure in the interim zone of $0.00001150. Should a breakout occur, the accumulated energy might unleash a dump to the $0.00001050-$0.000011 range. A dump, you say? Nay, a cataclysm! 🌋

SHIB trades at $0.00001216 at press time. But fear not, dear reader, for in the world of Gogol, even the most absurd tales find their resolution. Or do they? 🤔

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2025-08-20 19:19