Technical analysis by paper_Trader1775 about Symbol SHIB on 8/3/2025

SHIB needs to break out of the downward parallel channel but right now it is below the midpoint of the channel and could be heading to the support of the channel; however the good news it has paused at a Demand Zone. The Bulls need SHIB to clear 0.00001241 and then 0.00001311(which is the midpoint of the parallel channel) SHIB needs to clear the Fibonacci Golden Zone for bullish activity.