Shiba Inu’s $0.000069 Doom: A Story of Lost Hope 🐕📉

Shiba Inu‘s price has officially lost its way, wandering into the shadowy realm of $0.000069, where even the most optimistic investors are now questioning the fabric of reality. 🐕📉

Price has broken below the long-standing range low, confirming bearish control. (Or, as the market would say, “I’m taking the scenic route to bankruptcy.”) 🐕📉

Next Downside Target: $0.000069 serves as the next key swing low target for continuation. (A level so low, it’s practically a black hole for hope.) 🌑

Failed Reclaim: Previous attempts to retake the value area high and Point of Control (POC) were rejected. (The market’s way of saying, “Nope, not today, buddy.”) 🚫

For months, Shiba Inu has traded within a well-defined range, oscillating between its high time frame resistance and support levels. This structure provided a period of stability, but recent weakness has seen the lower end of this range decisively breached. The value area high, which previously aligned with the point of control, acted as the final zone of resistance before sellers regained dominance. (It’s like watching a balloon deflate… slowly, painfully, and with no regard for your feelings.) 🎈

Following this rejection, SHIB has been unable to maintain upward momentum, and price action has begun expanding to the downside. The breakdown from the range low confirms a shift in sentiment, with the next logical target now set at $0.000069, the previous swing low. This level represents a key zone of historical liquidity, where demand could potentially re-emerge if volume supports accumulation. (Or, as I like to call it, “the market’s version of a ‘maybe later’ text message.”) 📱

However, until price reclaims the broken range low on a daily closing basis, the bias remains bearish. The ongoing lack of bullish volume further reinforces the probability of continued downside pressure. If $0.000069 fails to hold, the market could extend even lower into untested demand zones below, deepening the corrective phase. (Because nothing says “excitement” like a free fall into the unknown.) 🌌

What to expect in the coming price action

Shiba Inu’s short-term outlook remains bearish while trading below the former range low. (It’s like being stuck in a never-ending episode of “The Office,” but with more financial despair.) 🐕

A continuation toward $0.000069 is the most probable scenario given the lack of recovery volume. If price stabilizes at this level with increasing demand, a short-term rebound could develop. (Or it could just crash harder, because why not?) 🚀

2025-10-17 21:22

What to expect in the coming price action

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