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Shiba Inu’s market pulse has flatlined. Forget fireworks; it’s been a slow fade, a digital drip, drip, drip eroding value. But according to TradingView, the bleeding might finally be stopping. The SHIB chart is hinting at a crucial turning point. The price isn’t plummeting anymore; it’s clinging to a narrow ledge between $0.0000086 and $0.0000090. This stall often signals that the bears are exhausted, their growls fading as their energy wanes. Is this the calm before a bullish storm, or just a brief respite before the next plunge? Only time will tell, but for now, SHIB watchers are holding their breath, waiting to see if this flatline leads to a resurrection.
Shiba Inu’s rapid downslide
November saw SHIB in a relentless downtrend, a staircase of lower highs and lower lows. But look closer. The candles whisper a different story. The bear’s roar is fading. Selling pressure, once a tidal wave, is now a mere ripple. Dips are shallower, wicks tighter – telltale signs of a weakening trend. Instead of a plunge, SHIB is hinting at a sideways shuffle, a prelude to a possible reversal. The momentum is waning; the market is pausing for breath.
The market’s recent roar is now a whisper. Gone are the crimson volume spikes that once punctuated every dip, replaced by a calmer, quieter hum. The selling pressure, once a relentless tide, has ebbed. No panicked outflows, no cascading stop-loss triggers. The bears, though still present, are winded, their ferocity blunted. This exhaustion of sellers is often the first signpost on the road to market stabilization.
But the RSI whispers a different story. For what feels like an eternity, it’s been glued to the low 30s, stubbornly resisting a deeper plunge into oversold territory. Typically, in a brutal downtrend like this, the RSI should be screaming lower with each new leg down. But SHIB? It’s defying the script. The RSI is flattening out, a clear sign that the relentless downward momentum is losing steam.
Shiba Inu could not recover
Reversal? Not so fast. SHIB hasn’t carved out a launchpad with a higher low, wrestled back a key EMA, or shown any bullish muscle. Yet, the narrative pivots when the bleeding stops and SHIB finds its footing, hovering around a stable price. A market holding its breath isn’t defeated; it’s coiling, prepping for its next act: a period of calm, a surge of relief, or a slow, steady climb back to glory.
The deafening roar of bearish volatility has faded to a whisper. SHIB, once plummeting, now treads water, hinting at a prolonged period of sideways drift. This lull in the storm might just be the eye before a corrective hurricane, a potential launchpad for a significant bounce should the bulls finally muster the strength to charge.
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