$SHIB SHIB recent price movement, to be honest, went from a breakthrough at 0.00001 straight down to 0.0000087, a classic fake breakout shakeout pattern. I looked at this trend, and although the 50-day moving average has turned bullish, the 100-day moving average line still hasn't been broken through, which feels like the bulls haven't yet taken down the hard nut.

The daily RSI has already surged to 70, and according to normal market behavior, it’s likely to face a pullback — I’ve seen this situation too many times. The widening MACD gap can be considered a positive signal, but the problem is that the active capital seems to be playing a game of dumping at high levels. That wedge breakout target of 270% — it’s still too early to talk about that; we need to first stabilize above the 0.000012 level.
Additionally, I’ve noticed some projects nearby trying to ride the hot trend, which feels a bit familiar. Especially those operations turning mining machines into web games — I’ve simply avoided such IQ-tax projects.