Shiba Inu faces a critical turning point as analyst Lingrid predicts a steeper decline below key support levels. Lingrid’s analysis, based on a 4-hour chart, highlights the token’s precarious position below a descending channel that has constrained its price movement since August. This trendline has significantly impacted SHIB’s short-term trajectory and contributed to potential drops this month. While a rebound attempt saw the token recover slightly above $0.00001078, it failed to breach the vital resistance level of $0.0000110, leading Lingrid to warn of continued bearish pressure if SHIB stays below this mark. A potential decline exceeding 15% could follow if sellers regain control. Lingrid’s chart depicts a fragile technical setup for SHIB despite recent gains, raising concerns about further losses.