15 hour ago
1 0
BEARISH 📉 : Shiba Inu breaks support, analyst warns of 77% decline risk
An analyst suggests that Shiba Inu's recent break below the support line of a Parallel Channel may lead to a target price of $0.00000138.
Key Points
- Shiba Inu has exited a Parallel Channel, indicating potential for a downward trend.
- The pattern shows the asset trading between two parallel trendlines, with breakout suggesting sustained movement in the direction of the break.
- The current breakout could lead to a decline towards $0.00000138, approximately 77% lower than the current price.
Market Context
- In 2024, Shiba Inu was rejected twice at the upper level of the channel.
- During 2025, the price consolidated near the midline before falling towards the support line by the end of the year.
- As of now, Shiba Inu is priced around $0.00000615, experiencing a 2% decrease over the past week.
The situation remains dynamic, and the next developments in Shiba Inu's price will be crucial following this chart pattern breach.