The Market Tango: Shiba Inu Plummets, But These Saucy Signals Hint at a Comeback 🐕💸

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Poor, delirious Shiba Inu (SHIB), the jesting pup of the cryptosphere, tumbles down a treacherous 10% rabbit hole this week—now yipping at the scuffed linoleum of $0.000012.

Yet, even as the masses furtively wipe away meme-fueled tears—oh, what subtle, teasing promise flickers beyond the laughable dip! From the murky depths of “on-chain” and the oracles of Technical Indicatorland, a ghostly suggestion emerges: could this be, perhaps, the glorious overture to a canine resurrection?

Shiba’s Bulls: Not Dead, Just Mildly Inconvenienced

Observe, if you dare, the daily chart—a tapestry more enigmatic than a government tax document. The augury of the Chaikin Money Flow (CMF), that mysterious tracker of hopes, dreams, and capital movement, slithers quietly upward. The price crumples, but the CMF—ever impertinent, currently perched at 0.02—crosses above zero as if flaunting a forged permission slip.

This, my dear reader, is what the wizards term a “bullish divergence.” Buying pressure emerges not with a fanfare but a polite cough, building beneath SHIB’s battered surface, like an introvert at a particularly unruly party.

Adding to the comedy: Santiment’s on-chain data serenely reports SHIB Network Realized Profit/Loss (NPL) is negative. Yes, most holders—every Doge’s poor cousin—cling on beneath the waves, pockets as empty as their hopes.

A negative NPL, for those still reading, means nobody’s selling—because nobody wishes to announce, “Yes, I purchased the top, mother.” Instead, they hold (and hold), reducing supply, and perhaps setting the table for a petite bounce in price. It’s financial Darwinism, but with more memes and less dignity.

For the truly intrepid: behold, SHIB futures traders, defiantly bullish. The funding rate—at a not-quite-absurd 0.0082%—twinkles at press time. See below:

The reason? Long traders must pay short traders in perpetual futures, precisely because they’re so convinced Shiba’s about to bark upward. Imagine betting on rain in the desert because your cactus looks thirsty.

When this rate is positive, it means the optimists are outnumbering the cynics, however briefly—a rarity in cryptoland.

Shiba Inu: Wagging Toward a (Maybe) Rebound

At this trembling moment, SHIB scurries around $0.000012. Technical indicators, known for their occasional melodrama, now wave their little flags—bullish signals a’flutter—with the possibility of the price sniffing upward to $0.000014. Could this be the comeback tour, or just a tuning of instruments?

Alas, for the dog to truly howl again, it must vault the stern resistance of the 20-day Exponential Moving Average (EMA)—astride $0.000013, stern as a Victorian governess. Should SHIB break above with panache, new buyers may pile in, forming the micro-cult we all know and grimace at.

The melodrama is real:

Of course, if the crowd stays home and the meme magic wanes, we may find ourselves wincing at $0.000010, questioning all life choices—again.

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2025-05-05 17:00