Shiba Inu (SHIBUSDT) is currently trading at 0.00001368. The analysis identifies a diagonal sloping resistance that SHIB has been repeatedly rejected from, suggesting an inability to break through this level, which is around 0.00001484. A local support is identified at 0.000012, where the downside may be 12%. A falling wedge pattern is observed, typically a bullish reversal pattern. If this pattern plays out as expected, SHIB could potentially move upwards to the 0.00001562 level which is the 1.618 Fibonacci level, a 14% increase from the current level. The existence of this pattern suggest a bullish potential if the trend breaks the trading range. The video states that in this market meme coins up 14% which represents consolidation, and the overall meme coin valuation around $80 billion. The current RSI is at 41.25.