10 hour ago
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BEARISH 📉 : Shiba Inu retests crucial support amid ongoing market downturn
Shiba Inu Retesting Key Support Level
- An analyst highlights that Shiba Inu is retesting the support level of a Parallel Channel, a technical analysis pattern.
- This support line is at $0.0000066721 and was last tested in 2023, where it held firm and helped reverse the trend.
- A breakdown past this support could lead to testing lower levels at $0.0000029954 and $0.0000013522, as indicated by analyst Ali Martinez.
SHIB Price Movement
- Shiba Inu has experienced a -9.9% decrease over the past week, mirroring broader market trends but with relatively contained losses.
