SHIB Price Faces Further Downside Risk After Failed Breakout Attempt
• SHIB price trades inside ascending parallel channel patterns, indicating bullish sentiment • Despite recent breakout attempt, SHIB failed to sustain upward movement and fell afterward • Technical analysis shows more downside is likely, with SHIB price rejected from resistance levels • Breakdown from current ascending channel could see SHIB fall 17% to around $0.0000080 • If SHIB breaks out above channel, price could increase 16% to next resistance around $0.0000110