#SHIB Shiba Inu has experienced a significant decline, showing the signs of this year's most notable falling knife pattern. The substantial candle's shadow on the daily chart indicates heightened market volatility, leaving investors uncertain about future price movements.

SHIB is trading at $0.00001817, with the previous support level of $0.000020 becoming a resistance point. If SHIB manages to get back to $0.000019 and hold above it with increased trading volume, a rebound toward $0.000022 may be possible; however, if the meme token fails to maintain this level, it could lead to further declines toward $0.000017 or lower.

The ongoing selling pressure and downward-sloping moving averages underscore the challenges ahead, making the $0.000019 and $0.000017 levels critical for determining SHIB's short-term trajectory.