Shiba Inu’s Fate Hinges On This Support Level, Analyst Warns

A cryptocurrency analyst has pointed out how Shiba Inu is retesting a technical support level that could set the tone for what’s to come. Shiba Inu Is Retesting The Support Level Of A Parallel Channel In a new post on X, analyst Ali Martinez has discussed a support level for Shiba Inu. The level in question is the lower boundary of a Parallel Channel, a technical analysis (TA) pattern that forms whenever an asset trades between two parallel trendlines. Like other consolidation patterns in TA, the upper line of a Parallel Channel is considered to be a source of resistance, while the lower one is that of support source: https://www.newsbtc.com/shiba-inu-news/shiba-inu-fate-hinges-support-level-analyst-says/