Shiba Inu Prints Unconventional Falling Wedge Amid Broad Sell-Off
Crypto analyst Gopal notes that Shiba Inu (SHIB) is currently in a falling wedge pattern, which some might consider an ordinary signal. However, this setup is not quite routine.
The Japanese meme currency slid below the $0.00000500 support level and has established itself at the lower boundary of the Bollinger Band channel. Gopal observed four falling wedges on 15-minute charts, with a near-term target of around $0.00000515 in case the setup breaks upward.
The price of SHIB now sits at $0.00000477, still below the Double EMA trend-line. For bulls to reclaim power, they need to claim the middle-tier BOLL band of $0.00000509, which roughly coincides with Gopal's near-term target.
According to Gopal, one more hurdle for SHIB's bulls is the August high at around $0.00000543. The meme coin has not hiked above the confluent resistance of $0.00000610 since August 22, 2026, awaiting broader crypto whale participation.