Shiba Inu (SHIB) Price on Verge of Finding Second Bottom
2025-01-23
Category: None

So here we are again, with Shiba Inu SHIBUSD hanging by a thread, ready to either dive into the abyss or maybe, just maybe, spring back up. The price of this meme coin has been teetering, and it looks like we are about to see if it finds that second bottom.
A few days back, SHIB held strong, like a champ, at $0.00002, despite the market going nuts with nearly $1.5 billion in liquidations. That was supposed to be the floor, right? The point where everyone's like, "Okay, this is where we stop selling, and start buying." But, as it turns out, the floor had a trapdoor.
In the last day or so, SHIB took a 5% nosedive, slipping right under that $0.00002 mark. It is as if it wanted to test if that level was really as solid as we thought. Spoiler: it wasn't. Now, $0.00002 is not just a support; it has turned into a ceiling, a resistance level that the Shiba Inu token could not push past.TradingView">
So where is it headed next? If we are looking at the charts, the next stop could be $0.00001923, where the 200-day median average is chilling. If it goes through that, there is another floor at $0.000017, which has been kind of like SHIB's safety net in the past.
The sentiment right now? It is like watching a tightrope walker in a storm. You know, one wrong step and down they go, but if they keep their balance, they might just make it to the other side. SHIB's community is on edge, eyes glued to their screens, wondering if this is the moment the coin bounces back or if we are in for more of a slide.