{"id":48880,"date":"2025-09-22T18:01:50","date_gmt":"2025-09-22T18:01:50","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=48880"},"modified":"2025-09-22T18:01:50","modified_gmt":"2025-09-22T18:01:50","slug":"shiba-inu-tanks-5-shib-doge-bounces-from-record-lows","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=48880","title":{"rendered":"Shiba Inu Tanks 5%, SHIB-DOGE Bounces From Record Lows"},"content":{"rendered":"<div>\n<p>Shiba inu (SHIB), the world&#8217;s second-largest meme token by market value, dropped sharply along with the broader market, triggering a bearish price pattern. However, the token has outperformed its peer dogecoin (DOGE).<\/p>\n<p>Prices declined 5% from $0.000012888 to $0.000012188 over the 24 hours, crowding out over $1 million in leveraged bets, most of which were long positions, a sign that the market was skewed bullish, according to data source Coinglass.<\/p>\n<p>Robust resistance was established at $0.00001237 level during high-volume liquidation, with support emerging at $0.00001197.<\/p>\n<p>More importantly, the decline marked a downside break of the contracting triangle identified by trendlines connecting Jun. 22 and Sept. 1 lows and May 12 and Jul. 21 highs. In other words, the range play has resolved bearishly, indicating potential for further losses toward the Jun. 22 low of $0.00001004.<\/p>\n<p>The range breakdown saw a volume surge of 5.29 trillion tokens, indicating an institutional liquidation event, according to CoinDesk&#8217;s market analytics.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.sanity.io\/images\/s3y3vcno\/production\/a0736796d04994c5d553acb059c212598afbb1ba-2854x1342.png?auto=format\" alt=\"SHIB's daily price chart in candlesticks format. (TradingView)\" title=\"SHIB's daily chart. (TradingView)\"><\/p>\n<h2>Key insights<\/h2>\n<ul>\n<li>SHIB encountered considerable downward pressure throughout the preceding 24-hour period from Sept. 21, 15:00 to Sept. 22, 14:00, retreating from $0.000012888 to $0.000012188, constituting a 5% depreciation.<\/li>\n<li>The comprehensive trading range extended to $0.000009441 (79%), with the most pronounced movement materialising on Sept. 22, 06:00, when valuations plummeted to $0.000011975 amid exceptionally elevated volumes of 5.29 trillion tokens, thereby establishing formidable resistance at the $0.000012373 threshold.<\/li>\n<li>Critical support materialized at $0.00001197, accompanied by substantial buying interest, while conventional resistance consolidated around $0.00001290, where valuations consistently encountered downward pressure throughout the initial trading sessions.<\/li>\n<\/ul>\n<h2>SHIB-DOGE bounces from record low<\/h2>\n<p>While SHIB fell 5%, dogecoin suffered a bigger loss of over 8%, resulting in a notable recovery in the Binance-listed SHIB-DOGE pair from record lows.<\/p>\n<p>The pair&#8217;s daily MACD histogram is on track to turn positive, marking a bullish shift in momentum, which suggests that SHIB could continue to outperform DOGE in the coming days.<\/p>\n<p>That said, the overall outlook would remain bearish as long as the descending trendline from the March 2024 highs remains intact.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.sanity.io\/images\/s3y3vcno\/production\/81bd89f1ea98e019b2f4f859233036a664a7189e-2854x1342.png?auto=format\" alt=\"SHIB-DOGE pair's daily price action in candlesticks format. (TradingView)\" title=\"SHIB-DOGE pair's daily chart. (TradingView)\"><\/p>\n<p><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Shiba inu (SHIB), the world&#8217;s second-largest meme token by market value, dropped sharply along with the broader market, triggering a bearish price pattern. However, the token has outperformed its peer dogecoin (DOGE). Prices declined 5% from $0.000012888 to $0.000012188 over the 24 hours, crowding out over $1 million in leveraged bets, most of which were [&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-48880","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\/48880","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=48880"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/48880\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}