I just reviewed the Shiba Inu chart and honestly it looks ugly. SHIB broke an important support level that had been holding up quite well, and that generated a lot of downward pressure. What caught my attention is that it wasn't a small drop, but a candle with a long body indicating that sellers are determined. In crypto, when you see that, it usually means the trend has changed. The volume is also decreasing, which is another sign that people are being cautious after what happened. The interesting thing is that SHIB remains within a channel that was formed some time ago, so technically there is still one last line of defense. But if it loses that, it will probably fall much further. Without bullish divergences or anything suggesting a strong rebound, everything points to us remaining in a bearish territory for now. We’ll have to see if it holds at the next support levels or if it continues to fall. Anyway, it’s a good reminder that in crypto, supports that seem strong can break quickly when sentiment shifts.

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