Behold, the Shiba Inu, that noble canine of the digital realm, did tremble at the threshold of $0.00000555, as the crypto cosmos, in its cruel jest, intensified the sell-off’s torment.
Soon after, the beast fell further, to an intraday abyss of $0.00000544, where it now lingers, a shadow of its former self, as if the market itself had conspired to devour its hope.
The cryptos, in their collective despair, extended their earlier downfall on Friday, for a report revealed U.S. producer prices, like a serpent’s bite, pricked the inflationary wound, casting doubt on the Federal Reserve’s resolve, and thus, the market’s fragile equilibrium.
Crypto Market Review: Bitcoin‘s $70,000 Guarded Like Treasure, Will Shiba Inu Have Bullish March? Ethereum Breaks Above 100-Day Threshold
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At the hour of writing, SHIB, that hapless pup, had plummeted 6.43% to $0.00000543, a victim of the broader market’s bloodletting, which saw $515 million in crypto positions cruelly liquidated in mere hours.
The losses, like a funeral dirge, drove most major tokens into the red, with Shiba Inu’s weekly wails echoing a 16.03% descent, a testament to the market’s unrelenting cruelty.
Lucie, a member of the Shiba Inu team, lamented the sell-off, citing three reasons: hotter-than-expected data, a pullback in AI and tech stocks, and rising macroscopic fears. Yet, what are these but the whispers of a universe indifferent to our suffering?
Lucie, with a philosopher’s sigh, declared the sell-off a “classic risk-off day,” while the Crypto Fear and Greed Index, that barometer of human folly, lingered in extreme fear at 14, a number so low it might as well be the void itself. “When fear rises,” she mused, “crypto feels it harder than most-though what is crypto but a reflection of our own despair?”
What’s next?
The RSI, that arbiter of market sanity, has descended into the depths below 30, a sign that even the most hardened souls might glimpse a relief rally-or, more likely, a dead cat bounce, a cruel trick of the market’s design.
The broader crypto realm, that ever-unstable vessel, shall watch Shiba Inu’s recovery with bated breath. Next resistance lies at $0.000007 and $0.00000949, those distant peaks that coincide with daily moving averages, while support is expected at $0.000005, the spot where Shiba Inu once halted its fall on Feb. 6-though what is a halt in the face of eternity?
Crypto teeters on the brink of the March 1 deadline, that fateful day when reward provisions for the Clarity Act must be settled. Though the topic is hushed, analysts whisper it shall be the main driver of markets, a harbinger of chaos or salvation, depending on one’s faith in the absurd.
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2026-02-28 16:49