SHIB Price: Is it Gonna Skyrocket or Just Keep Treading Water? 🤔

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Well, well, well… if it isn’t the crypto market, forever growing, or so they say. According to CoinStats, things are looking peachy for the market in general. Or maybe not. Who can tell? 🤷‍♂️

SHIB/USD

The price of SHIB has risen by a whopping 2.39% since yesterday. Hooray! 🎉 But let’s not get too excited, folks. It’s still a tiny bump. Hold your applause for later, yeah?

Even with today’s ‘impressive’ rise, SHIB is heading toward its local support level of $0.00001589. But hold your horses, because if this level cracks, we might see a fall to the next range at $0.00001550. Not exactly what you’d call “to the moon,” huh? 🚀💀

Looking at the bigger picture, SHIB has pulled off a false breakout of yesterday’s peak. Oh, great. Just when you thought it was going up, it pulled a fast one. If the day closes with a long wick, expect the bears to come out of hibernation and take over. A quick dip to the $0.000015 range seems almost inevitable at this point. Classic crypto. 🐻📉

From a mid-term perspective, SHIB has done the ever-popular “false breakout” of the $0.00001734 level. How original. But before you go making any grand predictions, let’s remember the week’s still fresh. If the weekly candle closes far from that level, traders might be looking at a dip into the $0.00001450-$0.00001550 area. Ah, the sweet dance of crypto… 💃💸

Currently, SHIB is chilling at $0.00001621 as of this very moment. But who knows what tomorrow will bring? Probably more of the same, but don’t quote me on that. 😏

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2025-05-12 19:06