Shiba Inu’s Plunge: A Memecoin’s Tragic Ballet in the Gulag of Charts

by

In the vast, unforgiving tundra of the cryptocurrency markets, where hope freezes and greed withers, an analyst has emerged from the shadows to pronounce the doom of Shiba Inu. With the solemnity of a gulag commandant, Ali Martinez declares that the memecoin’s descent below the support line of a Parallel Channel may herald a 70% decline, to the pitiful sum of $0.00000138. Such is the fate of those who dare to dream in the land of algorithmic tyranny.

The Iron Curtain of the Parallel Channel

In a missive posted on the digital scaffold of X, Martinez unveils a technical analysis-a pattern as cold and unyielding as a Siberian winter. The “Parallel Channel,” a consolidation prison, has held Shiba Inu captive for years. Its upper bounds, a ceiling of resistance, and its lower, a floor of false hope, have confined the memecoin’s aspirations. But now, like a dissident escaping the watchful eye of the state, Shiba Inu has broken below, into the abyss of uncertainty.

Parallel Channels, those geometric gulags, come in three variants: ascending, descending, and the horizontal-a sideways march to nowhere. It is this last type, a channel parallel to the time-axis, that has ensnared Shiba Inu. A phase of true stagnation, where movement is an illusion, and progress a mirage.

Behold, the chart shared by Martinez, a grim tableau of Shiba Inu’s weekly price, trapped within its iron bars. In 2024, the memecoin twice tested the upper limits of its cage, only to be repelled. In 2025, it lingered near the midline, a prisoner of indecision. But in the final quarter, it plummeted toward the support line, a descent as inevitable as the march of history.

In 2026, the bearish winds howled louder, and Shiba Inu retested the support line. But there was no rebound, no reprieve. It slipped past, like a ghost through the barbed wire of the market’s will. This, Martinez warns, is the sign of a breakout-not to freedom, but to a deeper abyss. The height of the channel, he calculates, points to $0.00000138, a level 77% below its current price. A fall so precipitous, it could only be devised by the cruel hand of fate.

And so, we wait, as one waits in the darkness of a cell, to see how Shiba Inu’s tragedy unfolds. Will it find a floor, or will it continue its descent into the void? The charts, like the state, offer no answers, only silence.

SHIB Price: A Whisper in the Wind

At the time of this writing, Shiba Inu hovers at $0.00000615, down 2% over the last seven days. A minor fluctuation, perhaps, but in the grand scheme of its potential fall, a mere prelude to the abyss.

Read More

2026-02-13 10:56