SHIB PUMP or DUMP?! You Won’t BELIEVE This! 😱

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Okay, so I see this thing about Shiba Inu reaching like, 5.76 trillion SHIB transactions. Big deal. HUGE! 🙄 Apparently, everyone’s freaking out. But let me tell you something, there’s always a “but,” right? It’s never just simple, is it?

Technically, whatever that means, SHIB bounced off some 100-day exponential moving average thingy. Sounds like something my doctor would tell me. And it’s supposedly supported in the $0.00001440-$0.00001460 range. Who comes up with these numbers? Just pick a number! 🤦‍♂️

And get this, the “daily chart zone” (more jargon!) corresponds with this rebound. Like, duh? And the RSI, which sounds like a disease, is “far from indicating an overheated rally.” So, what, we’re lukewarm? Thrilling! 🎉

Apparently, this price action has been “drawn to and held at” some level. Sounds like a moth to a flame. If SHIB can break through this “barrier,” maybe, just maybe, it’ll open the road to $0.000020. A road to nowhere if you ask me. 🤷‍♂️ But, of course, it needs “technical momentum” and “on-chain confirmation.” Oy vey!

Now, this 5.76 trillion SHIB volume spike? It’s probably just people shuffling things around. Repositioning. Distribution. Sounds like a fancy way of saying “dumping.” 📉 Not organic accumulation. What even IS organic accumulation?

Then comes this “IntoTheBlock” (who are these people?) with their “on-chain metrics.” Four bearish signals! Declining addresses, flat net network growth, declining whale concentration… Sounds like my dating life! 💔 And get this, 54% of SHIB holders are underwater. So, everyone’s losing money? Fantastic! 🥳

And the whales, those big holder wallets with 74% of the supply? Any volume increase is probably just them cashing out. Figures! So, unless SHIB breaks above this 200 EMA thingy and clears $0.000015, this whole thing is probably just smart money getting out. And who can blame them? 🏃‍♂️💨

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2025-05-22 16:19