On the SHBUSD M5 chart, Shiba Inu has been carving a descending channel since the early July swing. The most recent candles show the price testing a tight range between 0.00000418 and 0.00000422, with the latest bar closing at the lower edge of that band. Volume has been modest, but a notable spike of 30 contracts around 0.00000417 earlier in the session confirmed the bearish pressure and helped push the low down to 0.00000416. Key resistance sits near 0.00000422, while support is anchored around 0.00000416. The price’s inability to breach the upper band, combined with a series of lower closes,…

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