Key Takeaways (Or: What the Heck Is Going On Here?)
Is Shiba Inu’s Price Doing the Macarena Downward? 🕺
SHIB decided to moonwalk its way through the floor of an 8-month range like it’s auditioning for “Dancing with the Bear Market.” Now it’s stuck in a sad little short-term range below, which is about as exciting as watching paint dry. Spoiler: The trend’s still bearish. Surprise, surprise!
Why Are Whale Transactions Like a Fire Alarm at a Disco? 🔥
Whales dumping SHIB is about as subtle as a sledgehammer to a teacup. Their supply’s plummeting, which means the big players are either panicking or just really bad at holding their crypto. Either way, it’s a glowing neon sign that says, “SELL, SELL, SELL!”
October’s market correction felt like Shiba Inu got kicked out of the crypto party early. It tumbled beneath that 8-month range like it forgot how to use stairs. The low point? Now it’s taunting bulls as a “resistance zone” – a place where dreams (and rallies) go to die.
Meanwhile, the memecoin vibe is gloomier than a British picnic in the rain. Dogecoin’s teetering on a cliff, threatening to pull SHIB down with it. Even the token burn rate dropped in 24 hours! Though, hey, it’s up 139% week-on-week. Small wins, right? 🎉
Whales Are Ghosting SHIB – And It’s Not a Dating App
After October 10th, whale transactions spiked like a caffeine addict on Red Bull. Turns out, large holders were spooked into moving tokens like they were hot potatoes. October 19th and 26th? Dormant SHIB woke up like a grumpy bear, surging in circulation. And the whale supply metric? It’s been sliding since September like a penguin on a Slip ‘N Slide.
Translation: Whales are quietly packing their crypto bags and leaving the room. On-chain data screams “steady selling” and “bear market vibes,” which is about as fun as stepping on a LEGO.
The bears are hosting a pool party at SHIB’s expense, but bulls clung to a short-term range ($0.0000093-$0.0000113). The mid-range at $0.0000103 acted like a bouncer, refusing entry to any rally. MACD? Bearish. OBV? Whispered “hope” via higher lows. But overall? The chart’s about as bullish as a vegetarian at a steakhouse.
In conclusion: SHIB’s recovery chances are slimmer than a diet-conscious squirrel. 🐿️💸
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2025-11-04 04:10