$SHIB is fighting hard to hold its main horizontal support at $0.0000210 (see my Daily chart, this level has held multiple times in December) after breaking down from the Rising Wedge on Wednesday 8 Jan.

$SHIB has broken down from its main chart pattern on the Daily, the Rising Wedge I was watching for over a week. The technical Breakdown Target is 24% below the breakout point, precisely at $0.0000168.

The last line of defence is being tested as support right now at $0.0000210. This is the level I had in my SHIB chart for weeks, as it has acted as hard horizontal support multiple times recently, and working today so far.

To invalidate this Bearish pattern this silly memecoin must close above its upper trendline level, but the nearest resistance is the horizontal $0.0000241 (yellow fat line in my chart).

SHIB is looking much better than $WIF as I said in my previous post, the SMA 200 is still below and will act as the final hope/support before heading for a Rising Wedge Target deeper.

So far, the support is being respected. Close below, and we revaluate. Possible stink orders set below at support. $DOGE behaviour will show the path, as always with #MemeCoinMarket