Just noticed SHIB is testing that critical support level again around $0.0000066721. This is the lower boundary of the parallel channel it's been stuck in for years, and honestly, this retest could determine what happens next. The last time price touched this back in 2023, it actually bounced. But now with the recent market action, things feel different. Analyst Ali Martinez has been highlighting this level - basically saying everything hinges on whether SHIB can hold above it. If it breaks, there are lower support zones at $0.0000029954 and $0.0000013522 to watch. Market-wise, SHIB took a hit over the past week alongside the broader crypto selloff. The latest data shows it's been volatile, but that support line is the real make-or-break point right now. Whether this turns into a bounce or a breakdown should tell us a lot about the memecoin's near-term direction. The technical setup here is pretty straightforward - parallel channels are basic but effective patterns, and when price retests the lower boundary like this, it's usually a critical moment. Watching to see if the support holds or we get a breakdown into deeper levels.

SHIB-2,31%
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