🚨 $SHIB UPDATE 🚨

Shiba Inu is currently sitting at 0.000020. Here's the latest breakdown:

🔹 Price Movement: SHIB broke the 0.00002800 neckline and dropped towards the 0.00002000 support level. 0.00002300 has become the new resistance.

🔹 Key Support and Resistance:

- 0.00002000 is a critical support level.

- If SHIB closes below 0.00002000 for 2 full days (or two 8-hour candles for faster confirmation), expect a drop toward 0.00001850.

- A loss of 0.00001850 could lead to a deeper decline towards 0.00001500.

🔹 Double Top Formation: A double top formed around 0.00002800, leading to this decline. The 0.00002000 support remains the last stronghold for now.

🔹 Market Context: The meme coin space is overcrowded, impacting SHIB’s performance. More attention is split among new projects, limiting its growth potential.

👉 Next Steps:

- If 0.00002000 holds, SHIB could see a bounce.

- A breakdown below 0.00002000 signals a move to 0.00001850 and possibly 0.00001500.

Stay alert and monitor the key levels closely!

#ShibaInu #CryptoUpdate #MemeCoins #SHIB #SupportAndResistance #CryptoAnalysis