$SHIB Breakdown Warning – Is the Meme Rally Over?
$SHIB spiked to 0.0000001111 but has since pulled back aggressively. While still up +5% on the day, price action on the 15m chart suggests weakening momentum and a potential bearish shift if key support levels break.
Key Technical Zones:
• Resistance Zone: 0.0000001095 – 0.0000001111 (supply zone)
• Support Zone: 0.0000001080 – 0.0000001065 (critical for bulls)
Trade Setup – Breakdown or Bounce Coming?
Bearish Entry: Below 0.0000001075
• Target 1: 0.0000001050
• Target 2: 0.0000001020
• Stop-Loss: Above 0.0000001100
Bullish Entry: Above 0.0000001112
• Target 1: 0.0000001145
• Target 2: 0.0000001180
• Stop-Loss: Below 0.0000001075
SHIB is showing a sharp rejection from the upper resistance zone, with red candles building on high volume. If it loses the 0.0000001080 support level, expect a deeper retrace. Bulls must act fast or risk another meme coin wipeout. Eyes on the next few candles!