The inverted head and shoulders pattern is a false signal; can $0.000013 hold the "dog's life"?
Today, SHIB coin performs a "Shiba Inu bungee jump" in the Meme track—price oscillates around $0.00001388, with a 24-hour trading volume of 624 million and a turnover rate of 6.88%, maintaining a steady global market cap rank of 16.
The technical indicators show a "volume-price divergence" signal: the bullish engulfing pattern on the 4-hour K-line has failed, the MACD histogram continues to narrow, and the DIF line is entangled with the DEA line, while the RSI indicator hovers neutrally around 55, with the short-term direction caught in chaos.
Meme narrative inflation crisis: total supply of 589.25 trillion coins, circulation rate of 99.95%, whale addresses frequently withdrawing coins, but on-chain activity has declined year-on-year to 120.00001231 (30-day low) seeking support.
Bitcoin anchoring effect: the current SHIB/BTC exchange rate has dropped to 0.0000014, marking a new monthly low. If Bitcoin loses the crucial level of 108,000, SHIB may follow the Meme sector in a corrective downturn, targeting $0.0000103 (90-day low).
Support level: $0.00001231
Resistance level: $0.00001548
Key point: $0.00001388 (long-short kill zone), if RSI falls below 40, it may trigger a waterfall market.
If the 24-hour trading volume drops below $500 million and the turnover rate is below 5%, it is recommended to clear positions and observe.
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