$SHIB broke below the key support level of $0.000020 on June 17, indicating bearish control.

On June 18, the price declined to $0.000017, marking the 78.2% Fibonacci retracement level, where buyers intervened. Currently, the SHIB/USDT pair is attempting a recovery, likely encountering strong selling pressure around $0.000020. A sharp rejection at this level could prompt bears to target $0.000014.

This bearish outlook would be reconsidered if the price reverses higher and surpasses the moving averages, suggesting robust buying interest at lower levels.
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