Shiba Inu: The Rollercoaster Ride of Memecoins 🎢🐕

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So, the memecoin market decided to take a little nap and dropped 2.43% over the past day. I mean, who needs stability when you can have chaos, right? With a trading volume of $4.18 billion, the meme mania is currently valued at a whopping $45.12 billion. 💸

Our beloved meme coins—Dogecoin, Shiba Inu, and Pepe coin—are all feeling a bit under the weather, each losing over 3% in the last 24 hours. Shiba Inu, with a market cap just shy of $7 billion, is on the edge of its seat, waiting for some major price action. Talk about suspense! 🎬

The memecoin community is biting its nails, worried about the short-term prospects of the second-largest dog-themed project in the crypto-verse. In this thrilling episode, we’ll dive into the latest Shiba Inu gossip, market sentiments, and our best guess at the weekly SHIB price prediction. Spoiler alert: it’s a wild ride! 🎢

SHIB Price Records Increased Price Volatility! 📈

While this meme coin has enjoyed a +10% weekly return (yay!), it’s also lost about 12% over the last 30 days. And let’s not forget its Year-to-Date (YTD) return of a staggering (-)43.79%. It’s like watching a soap opera where the plot twists just keep coming! 📺

The Moving Average Convergence Divergence (MACD) is painting a lovely picture of red in the daily time frame, with EMA 12 & 26-day showing a similar trend. This technical indicator is basically waving a big red flag, hinting at more bearish action in the crypto space for our little meme coin. 🚩

On the bright side, the 200-day moving average is acting like a sturdy life raft in this turbulent sea, while the EMA 50-day is just hanging out, showing a parallel price action. Mixed feelings, anyone? 🤷‍♀️

Will Shiba Inu Go Up? 🤔

If the market decides to play nice and favors the bulls, the SHIB price could retest its immediate resistance level of $0.00001250 soon. If it can hold its ground, we might just see it soar to an upper price target of $0.00001355. Fingers crossed! 🤞

But if the bears decide to throw a party, the price of Shiba Inu could tumble down to its support zone of $0.00001145. And if the bearish vibes stick around, it might crash down to its crucial support trendline of $0.0000100 this month. Yikes! 😱

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2025-04-15 21:09