Latest Shoggoth (shoggoth.monster) (SHOGGOTH) Price Analysis

Deep Dive

1. Technical Breakout (Bullish Impact)

Overview: SHOGGOTH’s MACD histogram turned positive (+0.00019664) on 6 December, confirming a bullish crossover as the MACD line surpassed its signal line. The token also reclaimed its 7-day SMA ($0.0027344), a key support level.

What this means: Technical traders often interpret MACD crossovers as buy signals, triggering short-term demand. With RSI at 53.18 (neutral), there’s room for further upside before overbought conditions emerge.

What to look out for: A sustained break above the Fibonacci 61.8% retracement level ($0.0035862) could target $0.0043.

2. Social Hype Resurgence (Mixed Impact)

Overview: A 6 August 2025 tweet by Shoggoth’s team offering Elon Musk a token gift gained renewed traction, amassing 8,890 likes. While Musk never responded, the meme-driven narrative resurfaced in trading forums.

What this means: Low-cap tokens like SHOGGOTH (market cap: $3.14M) are prone to volatility from social media trends. However, the 4-month-old tweet lacks fresh catalysts, raising risks of a “pump and dump” pattern.

3. Liquidity Dynamics (Bearish Risk)

Overview: SHOGGOTH’s 24h turnover ratio (volume/market cap) is 57.5%, indicating extreme volatility typical of thinly traded tokens. The entire supply (1B tokens) is circulating, leaving no vesting schedules to curb selling pressure.

What this means: High turnover allows rapid price swings but increases downside risk if sentiment shifts. The token’s 90-day decline (-26.88%) shows long-term holders may use rallies to exit positions.

Conclusion

SHOGGOTH’s rally combines technical triggers and meme-fueled speculation, but its micro-cap status and lack of fundamental developments make sustainability unlikely. Traders should watch for profit-taking near the $0.003586 Fibonacci level.

Key watch: Can SHOGGOTH hold above its 7-day SMA ($0.0027344) to maintain bullish momentum, or will low liquidity trigger a sharp reversal?

Deep Dive

1. Exchange Delisting (Bearish Impact)

Overview: Shoggoth was delisted from Gate.io’s Pilot Market on 4 June 2025 alongside 19 other tokens (Gate.io). While this occurred six months ago, the token’s liquidity never recovered, with turnover (volume/market cap) at 0.6 – indicating thin, unstable markets.

What this means: Delistings often lead to prolonged sell pressure as holders exit positions to avoid being trapped in illiquid markets. Shoggoth’s 65% drop in trading volume since June aligns with reduced exchange support.

What to look out for: Monitoring if other exchanges follow suit or if the project regains listings.

2. Technical Breakdown (Bearish Impact)

Overview: The price ($0.00252) sits below key moving averages (200-day SMA: $0.0043, 200-day EMA: $0.0055) and near the 78.6% Fibonacci retracement level ($0.002528). The RSI (52.7) shows neutral momentum, but the MACD histogram (+0.00026) suggests weakening bullish divergence.

What this means: Breaking below the $0.002528 Fibonacci support could trigger another leg down, as traders target the yearly low of $0.00118. The lack of recovery above the 200-day averages reinforces a long-term bearish structure.

Key watch: Can SHOGGOTH hold $0.0025? A close below risks a retest of June 2025’s $0.00118 low.

Conclusion

Shoggoth’s sharp decline reflects lingering fallout from its Gate.io delisting and deteriorating technicals, exacerbated by low liquidity. While the token has shown volatility (73% monthly gains), the broader downtrend since June 2025 remains dominant. Key watch: Trading volume and whether the $0.0025 support holds – a break could accelerate selling.