Key Insights
- Elon Musk’s viral video had no impact on Shiba Inu’s price, which kept on following the previous trend and proved that the traders ignored the signals of short-term social media.
- Dogecoin, Shiba Inu, and FLOKI remained in-line with the market trends even though the video made no impact on the movement of price or volume for either token.
- Shiba Inu is building a rare weekly chart setup as its 50-week and 200-week averages move closer during a broader market decline.
A late-night Shiba Inu clip from Elon Musk spread across social platforms within minutes, and many users expected meme coin prices to move, yet the market stayed calm and followed earlier trends without showing any change after the video appeared.
Musk Video Goes Viral Without Market Change
Elon Musk shared an AI-generated Shiba Inu video that showed the dog walking through a narrow corridor with a banjo tied to its paws. The post spread quickly because Musk often drives large online reactions, and his posts often attract traders who follow meme coins.
https://x.com/MININGCRYPTOLTD/status/1989344622515310614?s=20
Many observers anticipated a swift move because Dogecoin typically responds quickly to activity associated with Musk. Dogecoin’s price followed its previous intraday trajectory while remaining near the 0.158 mark. Both an increase in trading volume and a candle indicating fresh market pressure were absent. The pattern indicated that traders were concentrating on the meme coin market’s overall slowdown.
Shiba Inu also showed muted activity during the same period. The token hovered around 0.000009 and drifted lower for part of the day. Market data showed no move that could be tied directly to Musk’s post, and this made the moment different from earlier phases when Shiba Inu reacted fast to social posts.
FLOKI Tracks Broader Market Flow
FLOKI, named after Musk’s own dog, also followed its earlier market path. FLOKI touched its intraday low in early trading and then recovered slightly during the session. The move followed the pattern of smaller tokens that reacted to general market pressure rather than external triggers.
Analysts noted that the entertainment value of the clip was high, but the trading response stayed mild because traders were focused on other factors such as liquidity and ongoing market corrections. The broader meme coin group moved in the same direction it had been moving before the post.
Shiba Inu remained a key keyword across market discussions, yet the charts stayed stable through the event. Market analysts said the calm reaction showed that traders were taking fewer short-term bets on social content.
Shiba Inu Forms New Technical Setup on Weekly Chart
On its weekly chart, Shiba Inu is creating an invisible pattern as the 50-week and 200-week moving averages get closer. Depending on the direction of convergence, analysts pointed out that the move could result in either a golden cross or a death cross.
A death cross may form if the 50-week moving average moves under the 200-week line. A golden cross may appear if the shorter average moves above the longer one. This would be the first time such a setup appears on the Shiba Inu weekly chart.
Some analysts said the pattern may not predict future moves because both averages rely on past data. In some cases, such signals have acted as contrary indicators because they lag market prices.
