{"id":38397,"date":"2025-07-23T15:01:55","date_gmt":"2025-07-23T15:01:55","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=38397"},"modified":"2025-07-23T15:01:55","modified_gmt":"2025-07-23T15:01:55","slug":"shiba-inu-tanks-7-with-broader-market-but-outperforms-doge","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=38397","title":{"rendered":"Shiba Inu Tanks 7% With Broader Market, But Outperforms DOGE"},"content":{"rendered":"<div>\n<p>Shiba Inu (SHIB) has suffered significant losses in the past 24 hours, consistent with the broader market&#8217;s decline. The joke token, however, narrowly outperformed its top rival dogecoin.<\/p>\n<h2>Key price movements<\/h2>\n<ul>\n<li>SHIB experienced a precipitous decline from $0.000015189 to $0.000014130, constituting a pronounced 7% depreciation. <\/li>\n<li>The pivotal sell-off was characterized by trading volumes reaching extraordinary levels of 4.33 trillion tokens, substantially exceeding historical trading patterns.<\/li>\n<li>Multiple technical support levels succumbed to intensifying selling pressure during the final trading hour, with SHIB demonstrating an inability to reclaim the critical resistance threshold at $0.000014200.<\/li>\n<li>While SHIB fell below the 200-day simple moving average (SMA), a barometer of long-term trends, it still held above the daily chart Ichimoku cloud. The broader momentum is said to be bullish when prices hold above the cloud, a popular trend indicator.<\/li>\n<li>DOGE, meanwhile, tanked 8.50%, but held well above its 200-day SMA and the Ichimoku cloud.<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.sanity.io\/images\/s3y3vcno\/production\/a968b96d674459f5415d1e0c2b291493355a8c4a-2854x1292.png?auto=format\" alt=\"SHIB's price chart. (TradingView)\" title=\"SHIB's price chart. (TradingView)\"><\/p>\n<h2>Key technical levels and indicators<\/h2>\n<ul>\n<li>Significant resistance materialized at the $0.000015460 level on July 22 at 23:00, whereupon the price action reversed decisively lower on an exceptionally elevated volume of 926.18 billion tokens, substantially surpassing the 24-hour average of 676.84 billion.<\/li>\n<li>A critical technical breakdown occurred on July 23 between 12:00 and 13:00, with valuations plummeting from $0.000014776 to $0.000014035 on an extraordinary volume of 4.33 trillion tokens, establishing formidable resistance at the $0.000014400 level, where selling pressure intensified dramatically.<\/li>\n<li>Later, the token witnessed an accelerated decline from $0.000014416 to $0.000014125, representing an additional 2% depreciation as SHIB breached successive support levels at $0.000014200, $0.000014000, and $0.000013950.<\/li>\n<li>Volume surged to 343.37 billion tokens during 13:44 as the cryptocurrency reached an intraday nadir of $0.000014060, before mounting a modest recovery that ultimately failed to reclaim the critical $0.000014200 resistance threshold.<\/li>\n<\/ul>\n<p><em><strong>Disclaimer: <\/strong>Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to <a href=\"https:\/\/www.coindesk.com\/ethics\">our standards<\/a>. For more information, see <a href=\"https:\/\/www.coindesk.com\/coindesk-news\/2023\/04\/14\/how-coindesk-will-use-generative-ai-tools\">CoinDesk&#8217;s full AI Policy<\/a>.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Shiba Inu (SHIB) has suffered significant losses in the past 24 hours, consistent with the broader market&#8217;s decline. The joke token, however, narrowly outperformed its top rival dogecoin. Key price movements SHIB experienced a precipitous decline from $0.000015189 to $0.000014130, constituting a pronounced 7% depreciation. The pivotal sell-off was characterized by trading volumes reaching extraordinary [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-38397","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38397","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38397"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38397\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}