Shiba Inu Crash? Buyers Poke Around, Hoping for a Comeback (Or Not)

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Shiba Inu (SHIB)… oh boy. The little dog that can’t seem to catch a break. It’s down 3.5% in the last 24 hours-like it’s afraid of a little rain. Year-over-year? Down 18.7%. Meanwhile, other cryptos are out there doing double-digits and Shiba’s clutching its paws, crying in the corner. So, what’s the plan? Can SHIB finally stop sliding into the abyss, or is it just taking a leisurely stroll down? 🤔

Recent on-chain and technical signals suggest maybe, just maybe, some buyers are daring to step back into the ring-though calling it brave might be generous.

New Buyers Show Up-Sorta. RSI Says Maybe, Probably, Who Knows?

Over the past day, while prices dipped, some clever wallets (Smart Money, to be precise) snatched up 3.78 billion SHIB, and exchange reserves dropped by a whopping 56.6 billion – basically, everyone’s grabbing a piece. That’s about $750,000 worth, if you’re into the math.

Anyway, despite the tiny numbers, it signals that both the small fry and the whales-yes, the giants-are starting to move in the same direction. Usually, when the big guys and the little guys line up, it’s a sign some conviction might be lurking behind the scenes. Or maybe they just like watching prices drop. Who knows? 🤷‍♂️

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But hey, buying alone doesn’t mean the moon’s coming any closer. Enter Chaikin Money Flow (CMF)-think of it as the mood ring for money. If CMF trends higher, money’s actually flowing in. Fancy, huh?

SHIB hit the same support level twice-around $0.00001226. Usually, that’s like trying to sing the same sad song twice; not great. But CMF made a higher low this time, meaning more money was coming in while the price stayed flat. It’s like the big players are quietly stocking up, while everyone else just watches. Accumulation, they call it-like hoarding toilet paper, but with coins.

So, yeah, demand’s building. Or at least that’s what they want you to think, anyway. Either way, the support level at $0.00001226 is looking pretty solid, like my patience during a tech support call.

Levels to Watch-Or Not, It’s Crypto

SHIB’s hanging out at $0.00001235, just above this magic zone called $0.00001203. It’s like a support wall-if it holds, good-if not, it’s “see ya later.” The big test? Break through $0.00001271. Clear that, and bam, the next stop: $0.00001350-about a 10% bump, enough to make you go, “Eh, maybe I should’ve bought more.”

Fail to hold $0.00001203? Well, then we’re probably headed for a little chat called “Crash and Burn.” Buckle up. 🚀💥

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2025-08-25 22:11