- Wed Feb 19, 2025 12:48 am
#21238
Shiba Inu: Contrarian Investment or Dead Doge Walking?
Shiba Inu has taken a beating, down 25% over the last month. Over half of SHIB holders are currently underwater. Is this the death knell for the meme coin, or is this dip a prime buying opportunity?
Bullish signals are flashing despite the price drop. Technical indicators like Momentum and MACD are pointing towards a potential reversal. Interestingly, over half of active SHIB derivatives traders are holding long positions. Couple that with a massive 552% surge in the SHIB burn rate, and there’s a case to be made for a supply squeeze driving price appreciation.
So, what do you think? Are these bullish signals just mirages in the desert, or is SHIB poised for a comeback? Is the current price a discount, or are we witnessing the slow bleed-out of a hype-driven asset? Share your thoughts and let’s discuss the future of SHIB. Is it destined for the graveyard, or is this the calm before the storm?
Shiba Inu has taken a beating, down 25% over the last month. Over half of SHIB holders are currently underwater. Is this the death knell for the meme coin, or is this dip a prime buying opportunity?
Bullish signals are flashing despite the price drop. Technical indicators like Momentum and MACD are pointing towards a potential reversal. Interestingly, over half of active SHIB derivatives traders are holding long positions. Couple that with a massive 552% surge in the SHIB burn rate, and there’s a case to be made for a supply squeeze driving price appreciation.
So, what do you think? Are these bullish signals just mirages in the desert, or is SHIB poised for a comeback? Is the current price a discount, or are we witnessing the slow bleed-out of a hype-driven asset? Share your thoughts and let’s discuss the future of SHIB. Is it destined for the graveyard, or is this the calm before the storm?
- By Anonymous