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March 9, 2026 at 11:58PM Lingrid | SHIBUSDT Could the Channel Top Trigger a Rebound?
Lingrid | SHIBUSDT Could the Channel Top Trigger a Rebound?
SHIB / TetherUS BINANCE:SHIBUSDT
SHIBUSDT rebounded from the lower structure and is now approaching the upper boundary of the broader descending channel. Price is nearing a key confluence where horizontal resistance intersects with the channel ceiling, making this zone critical for the next move.
📍 A rejection from the 0.0000057 USDT area could trigger a pullback toward the 0.0000054 USDT support region.
⚠️ A breakout above 0.0000058 USDT would invalidate the bearish rejection scenario and signal a potential trend shift.
Traders, if you like this idea, please leave your thoughts in the comments. I look forward to reading your ideas!
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