DeGRAM | SHIBUSD fell below the support line📊 Technical Analysis
● A classic Head and Shoulders pattern has formed below resistance at 0.00001411, confirming a bearish reversal with neckline break.
● Price is descending inside a bearish flag and is testing prior support at 0.00001270, with the next major level near 0.00001088.
💡 Fundamental Analysis
● Risk sentiment weakened after latest FOMC minutes signaled persistent inflation risk, fueling a defensive tilt in crypto.
● Whale outflows from SHIB wallets and declining DEX volumes suggest bearish positioning and fading demand.
✨ Summary
Bearish reversal confirmed below 0.00001411. Break of 0.00001270 opens path to 0.00001088. Watch neckline retests for renewed selling pressure.
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