The chart of Shiba Inu (SHIB/USDT, 3D) is clearly respecting a long-term descending channel, with price compressing near the lower trendline. This shows prolonged bearish control, but also hints at a possible accumulation phase as volatility tightens.
Key Levels:
Support: 0.0000050 – 0.0000048
Resistance: 0.0000068 – 0.0000072
Major breakout zone: 0.0000085
Price is currently hovering just above support, which makes this a decision zone. A clean bounce from here could push SHIB toward the upper trendline (short-term upside). However, a breakdown below 0.0000050 may trigger further downside continuation.
Volume is relatively weak, so wait for confirmation before entering. A breakout above resistance with volume would signal the first strong bullish shift in this structure.
Key Levels:
Support: 0.0000050 – 0.0000048
Resistance: 0.0000068 – 0.0000072
Major breakout zone: 0.0000085
Price is currently hovering just above support, which makes this a decision zone. A clean bounce from here could push SHIB toward the upper trendline (short-term upside). However, a breakdown below 0.0000050 may trigger further downside continuation.
Volume is relatively weak, so wait for confirmation before entering. A breakout above resistance with volume would signal the first strong bullish shift in this structure.