SHIB Holders: Is Your Crypto Adding Another Zero or Are We Just Bad at Math?

by

So, remember last week when the PPI data came out, and the entire crypto market basically fainted like it saw its ex at the grocery store? Yeah, well, once again, Shiba Inu (SHIB) fans are panicking, clutching their dog coins and asking themselves the age-old question: Are we about to add another tragic zero to SHIB’s price? đŸ«Ł

Currently, our beloved meme coin is chilling at $0.0000126-aka, a price so tiny you need a microscope and an existential crisis just to see it. The only thing standing between SHIB and even lower lows is a thin support line at $0.0000120. Seriously, thinner than my patience during meetings that could’ve been emails.

This summer, SHIB has been bouncing around like a caffeinated squirrel: a quick 8.9% pop in July, then promptly face-planting in August. That support line keeps getting poked and prodded on the daily chart, and honestly, these rebounds are starting to look like the “before” montage of a gym commercial. If it breaks (and let’s face it, no one is rooting for the underdog here except people who also believe in horoscopes), the coin is going back to places we haven’t visited since Q1, back when optimism was still socially acceptable.

Let’s talk about those weekly candles. Oh boy. This year has been rougher than your friend’s relationship advice. SHIB kicked off 2024 with a fabulous January loss of 10.9%, followed up with an even juicier February drop of 26.1%, and red flags waving all over March and June. There’ve been a few wild recoveries, sure, but mostly this coin has been falling faster than your motivation after ordering a salad instead of fries. 🍟

Nervous August

Now, SHIB’s price history-otherwise known as “Reasons to Sweat”-shows August is usually as flat as my singing voice, and September? You might get a 4% gain, basically pocket change unless you’re a squirrel investing in acorns.

If the current level breaks, it’s not looking good. Adding another zero is basically the market’s way of confirming, “Yeah, buddy, we’re going down, not just for a quick dip-this is a full cannonball.”

So what’s next? SHIB’s fate in the coming weeks depends on whether the community can muster some buying power and stop the chart from resembling my dating history: a series of disappointing declines. If you can recreate last November’s miracle rally (remember that? a glorious 49%!). If not, get ready to party like it’s another zero in price-bring snacks and a therapist!

Read More

2025-08-18 17:36