Shiba Inu Coin | Is SHIB Bullish Or Bearish Right Now?

[00:00:03]Now, a lot of people are optimistic about Shiba Inu coin, and some people are pessimistic about Shiba Inu coin.

[00:00:10]Now, it's easy to be pessimistic or negative about the price action because Shiba Inu coin has essentially been going down for years now. And there hasn't really been the same pop, the same excitement, the same gains that we've seen in in previous time frames.

[00:00:26]But nonetheless, we're going to be talking about it in the video today.

[00:00:29]We're going to be going over what these analysts believe could happen, and and why some people are watching key levels of a potential breakdown. Now, we need to understand these levels even if we're optimistic because they must be defended. So, let's talk about it. If it sounds like something you're interested in, let's get started. What's up, everybody? I'm Clay, and I do want to say thank you guys for watching the video. Thank you for subscribing to the channel, and thank you for understanding that YouTube is not run by AI. It is allowing general discussions about crypto, NFTs, and other digital assets.

[00:01:00]That's all that this video is. We're not talking about a promised promotion, suggestion, recommendation, or guarantee. We're simply going over the latest market analytics and fear. Oh my gosh, dude, fear.

[00:01:12]This has been one of the most persistent cycles of fear I've ever seen. We're going to be talking about price action.

[00:01:17]This is Bitcoin that you see on the screen here, not Shiba Inu coin. I'll talk about why in a second here. And of course, we're going to be going over the latest news.

[00:01:25]So, let's see what these analysts are saying. Now, essentially, Shiba Inu coin remains trapped below a major resistance zone after failed recovery. Bitcoin exchange reserves can or Binance exchange reserves Sorry, continue to decline as billions of SHIB leave exchanges, pushing us below that 80 trillion Shiba Inu coin threshold, and analysts are watching key support areas that could determine Shiba Inu coin's next move.

[00:01:48]It says SHIB's price chart continues to favor the bears. The meme coin previously lost a rising support structure that has supported several price the price for several months. That breakdown triggered a sharp decline and shifted market sentiment decisively negative. More importantly, Shiba Inu coin recently attempted to reclaim a lost support zone, but was rejected once again. Now, the failed breakout confirmed the previous support is now turned into resistance, a classic bearish continuation signal. As long as the price remains below the resistance region, sellers maintain the advantage.

[00:02:24]Now, they're essentially talking about that 500 point per coin level right here, 500 to 530.

[00:02:29]And it's going to be very difficult to break back up above if we do not see sentiment return positive. Guys, it is almost look, meme coins and and smaller cap altcoins are almost entirely driven by speculation. Yeah, they are risky, absolutely. But, that's one of the beautiful things as well, okay? When you're looking at a meme coin, there's really no value that you can put on it.

[00:02:56]It's simply how many people are willing to buy, how high they're willing to go, and how excited they get. And that's why they thrive during periods of extreme greed.

[00:03:07]When people are extremely greedy, it almost doesn't matter what they're paying for something. It almost doesn't matter what the valuation is, they still want to buy it.

[00:03:18]And the same is true, I guess the exact opposite is true.

[00:03:22]When people are fearful and extremely fearful, it doesn't matter what the price is.

[00:03:28]They're going to sell it. It doesn't matter if it's essentially undervalued.

[00:03:32]It doesn't matter if it's very, very cheap.

[00:03:35]They don't want to buy it.

[00:03:36]They're simply going to take the loss at the bottom. They're going to sell.

[00:03:39]People, when they allow the emotions to dictate their decisions, they sell at the bottom and they buy at the top. And that sounds so stupid. It's so counterintuitive.

[00:03:52]You could ask a child how to trade the stock market, how to trade the crypto market, and they could essentially tell you buy low and sell high.

[00:04:03]That that is the easiest thing to understand.

[00:04:07]Yet when they allow the emotion to dictate their decisions, what do they do 100% of the time?

[00:04:15]They sell low and they buy high.

[00:04:19]It is I mean, dude, you you It's tough, right? I don't know who you are. I don't know but you're still here, right? For some reason you're still here. So it's not like you're going out there and doing this.

[00:04:34]Dude, you're the 0.1% that is left. So like that's completely fine. You get it.

[00:04:40]You're on the same page as me. Great.

[00:04:43]But essentially everybody else out there, man, they've already lost the game.

[00:04:49]Think about that.

[00:04:50]And these institutions know that. These whales know that. These governments know that.

[00:04:56]It's a game, guys.

[00:04:58]They might not necessarily be able to manipulate legally manipulate the prices, right? But what they can manipulate is your mind.

[00:05:08]Your emotion. And they know full well that if they can cause some fear you will sell, no matter how low the price is.

[00:05:17]What are they doing? They're buying it.

[00:05:19]They're accumulating They're buying when others are fearful and selling when others are greedy. Dude, Warren Buffett I mean, he gave us the playbook, right?

[00:05:28]Buy when others are fearful and sell when others are greedy. It is that simple.

[00:05:32]But it goes against everything your emotion is telling you to do. And these guys know that, man. They're going out there and manipulating your emotion day in and day out because they know that's how you make your decisions. Now, Binance outflows offer a bullish fundamental signal. Despite the weak price action, on-chain supply dynamics continue to improve. Recent reserve data shows a significant reduction in Binance-held Shiba Inu coin tokens.

[00:06:00]Indicating that investors are moving coins away from exchanges. Historically, falling exchange balances reduce immediate selling pressure and offer a longer-term support price appreciation.

[00:06:13]However, uh supply reduction alone is not enough to drive a rally. The market still requires fresh demand and stronger buying activity to offset a broader bearish trend. And it's going to be difficult, okay? It is. If we look at the search terms for for Shiba Inu coin, I got a couple of them up here, Loon and Polymarket, meme coins, and so on.

[00:06:35]Guys, Shiba Inu coin peaked out in 2021 in terms of the people that were interested. That's at the level of 100 on the screen right here. Today, this week, we're less than one.

[00:06:48]Guys, you're part of the you There's not even 1% of the people that were interested in 2021 remaining today. You're not just the top 1%.

[00:06:58]You're the top fraction of a percent.

[00:07:01]Think about that.

[00:07:03]And and I would imagine 1% of the people might actually make it. You know, I would imagine 1% of the people are going to be successful out there.

[00:07:13]And you were part of a fraction of a percent.

[00:07:16]You've made it. You're still here. Now, briefly, I talked about it more in the video this morning. So, if you want to check it out, I got I got a little bit better of a breakdown in the video this morning. But, this is the bear market that we're in. $126,000 Bitcoin down to about 61, $60,000 Bitcoin, where we're at right now. I believe bottoming out at maybe 59,000, 58,000, somewhere in that range. Right? Uh October, November down to June.

[00:07:42]That's your bear market decline right there. Let's look at the previous bear market, okay? Cuz this feels like it might be too short that we might continue lower. But if we look at the previous bear market, October, November, down to June.

[00:07:56]Now, this is not necessarily a continuation of the decline.

[00:08:01]This is your accumulation phase, okay?

[00:08:04]We had another three, four, five months to accumulate before the official bottom was in and prices began to rise.

[00:08:13]And oh, did they rise. Guys, Bitcoin nearly 10x in value following that decline there.

[00:08:22]Doesn't this bear market look so stupid when you look back at it?

[00:08:27]I mean, people, I remember, right? I was still doing videos and live streams and everything. People did not want to buy Bitcoin at $15,000.

[00:08:37]But if we simply accumulated during anywhere in this decline, right?

[00:08:41]Anywhere in that bear market, if we simply accumulated, the bull market that came after dwarfed any fear that people were having.

[00:08:52]It's the same deal.

[00:08:54]Guys, I don't know if we enter another accumulation phase. I don't know if we step down, if we V back up, or what. But I do know that I am accumulating during this bear market because the bull market that can come afterwards could literally send us up 10x again, just the same way the previous one did. And if that's the case, and we're sitting at half a million-dollar Bitcoin, I am going to be very, very well off because I simply made the decision to ignore my emotions, to buy low, and eventually sell high.

[00:09:30]So, if you guys are interested in accumulating, you got a link for it down in the description below. It's going to pull you up to the KCS Exchange right here. They offer leverage trading up to 125x, but please understand what you're doing before you enter a leverage trade.

[00:09:43]Nonetheless, links for everything down there. Let me know what you're doing, and until the next time, hope that each and every one of you have an awesome day.