SHIB has dropped 2.31% in the last 24 hours, currently trading at $0.00001305. On the hourly chart, SHIB broke below the support level of $0.00001313, signaling that bears are in control, with potential further decline to $0.00001280.

The daily chart also shows a bearish trend, and if prices remain near current levels, a support breakout could push SHIB toward the $0.00001150 zone.

From a midterm perspective, with no reversal signals, SHIB may continue its downward move to the $0.00001 area by the end of the month.