Shiba Inu Price Analysis for Jan 7: SHIB Finds Its Floor – Here’s Where It’s Headed Next
SHIB claws back from the abyss—technical signals flash green as the meme coin carves out a critical support level.
Momentum Shifts
The bounce wasn't subtle. Trading volume spiked, liquidity pools refilled, and short positions got squeezed. That floor held—not with a whisper, but a defiant thud. Now, the charts whisper about a potential leg up.
Resistance Ahead
Don't pop the champagne yet. A thick ceiling of sell orders looms overhead, a grim reminder of last month's carnage. Breaking through requires sustained buying pressure—the kind that turns skeptics into reluctant bag-holders. The path of least resistance? Up, but littered with the ghosts of past rallies.
The Meme Coin Calculus
This is the dance: viral sentiment versus cold, hard tokenomics. Every surge is a bet that the internet's attention span will outlast the next shiny object. Sometimes it pays—often, it just pays for someone else's Lamborghini.
Where to from here? The floor is in. The ceiling is clear. SHIB's next move hinges on whether the crowd remembers the 'currency' part of cryptocurrency, or just the 'meme.' Either way, it's a spectacle—the kind that makes traditional finance guys adjust their monocles and mutter about 'irrational exuberance' between sips of overpriced bourbon.
The shiba inu price has retraced, but the Supertrend indicator remains bullish. Can SHIB find a floor?
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