Key Takeaways
Why is SHIB back near its demand zone?
SHIB’s price has taken a nosedive, plummeting 26% to $0.00000984, which is basically the crypto equivalent of buying a latte and then realizing you’ve paid for the entire coffee shop. It’s now hovering near $0.00001078-$0.00000817-the same magical range that turbocharged a 406% surge in 2024. Spoiler: History might repeat, but only if SHIB can stop crying in its coin. 🐾💸
What are metrics showing now?
The Money Flow Index (MFI) is at 44.17, which is like saying your dating profile is “flirty”-it’s not great, but it’s not a total disaster either. Accumulation/Distribution (A/D) is at a healthy 62.14T, suggesting someone, somewhere is still throwing money at this thing. Maybe they’re just trying to buy a little hope? 🤷♀️
The memecoin sector has been hit harder than my confidence after a third-date ghosting. Since October 6th, the market’s been on a downward spiral that would make a rollercoaster blush.
SHIB fell 26% in recent weeks but managed a tiny 1.7% rebound yesterday. Cute, but this recovery might be like a Tinder match-promising at first, but destined to ghost you. 🚨
SHIB approaches key demand zone
On October 18th, SHIB dangled near $0.00000984, looking as fragile as a house of cards in a hurricane. The weekly chart shows it inching toward a major demand zone between $0.00001078 and $0.00000817. That range? It’s the crypto version of a “get out of jail free” card, having sparked a 406% rally in early 2024. Could history repeat? Only if SHIB stops being a drama queen. 🎭
Back in 2024, this zone turned SHIB into a $0.00003665 royalty. If it drops here again, maybe it’ll find a crown. Or maybe it’ll just trip over its own tail. Only time will tell. 🕰️
Investors making deliberate moves
SHIB’s descent looks less like a crash and more like a calculated performance art piece. Retail investors are playing their part like it’s a reality TV show. CoinGlass data says Spot and Perpetual markets are fueling the slump. On October 18th, Spot Netflow was +$1.17 million, which sounds impressive until you realize it’s just a drop in the crypto ocean. 🌊
In the perpetual market, $6.8 million in contracts were closed-basically everyone packing up and fleeing the party. Capital’s probably hiding in Bitcoin’s basement, leaving SHIB to twerk alone in the crypto spotlight. 💃
Buyers remain active
Despite the chaos, buyers are still out there, throwing confetti and champagne (metaphorically, of course). The MFI is creeping into positive territory, which is like your ex sending a “Hey, how are you?” text-hopeful but not exactly a commitment. 💌
The A/D metric is still glowing at 62.14T, which means someone’s buying like it’s Black Friday. Maybe they’re just trying to outsmart the market-or maybe they’re sleep-deprived and clicking randomly. Either way, SHIB’s future depends on whether it can stop tanking and start tanking… profits? 🤔
So, will SHIB rally or fold? Only the demand zone knows, and it’s currently playing 20 questions. Buckle up-it’s going to be a bumpy ride. 🎢
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2025-10-19 10:18