Shiba Inu breaks support, analyst warns of 77% decline risk

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.