SHIB Takes a 7% Nosedive—But Still Up 25% in 30 Days (Traders Reach for the Alka-Seltzer)

Shiba Inu’s meme-fueled rocket hit turbulence today, shedding 7% of its value in 24 hours. Blame profit-taking whales or just crypto’s trademark volatility—either way, the dog-themed token’s leash got yanked hard.

Zoom out? The bigger picture still barks bullish. SHIB remains up a staggering 25% over the past month, outperforming half the ’serious’ projects in CoinMarketCap’s top 100. So much for fundamentals.

Key levels to watch: If the 200-day moving average holds, this could be another buy-the-dip opportunity for degens. Break below? Cue the ’when Lambo’ tweets turning into ’where burger’ memes.

One thing’s certain: while traditional finance nerds crunch P/E ratios, crypto’s favorite shiba keeps proving that in this market, a dog whistle sometimes works better than a spreadsheet.