On June 1, 2025, the 4-hour chart for SHIBA INU to U.S. Dollar (SHIB/USD) on Coinbase created a descending channel pattern. A descending channel forms when the price moves between two downward-sloping parallel trendlines, often signaling controlled selling with a potential upside breakout. If this pattern confirms with a breakout above the upper red trendline, […]
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