SHIB Price Faces Potential Correction After Failing Breakout, Despite Burn and Long-Term Uptrend
• SHIB price has decreased since failing to break out from ascending channel on Dec 17, despite recent 7.5 million token burn
• Weekly chart shows SHIB closed above long-term resistance area and uptrend intact based on higher highs and higher lows
• Daily chart suggests potential for short-term correction, with bearish divergence on RSI
• Next support if correction continues is around $0.0000095, 12% below current price
• Breaking out from ascending channel would invalidate short-term bearish outlook, with next resistance at $0.0000150