#SHIB remains bearish on the monthly chart after failing to hold higher levels. The nearest support is
around 0.00000405–0.00000460. If buyers defend this zone, a relief rally toward 0.00000550–0.00000650 is possible. A break below 0.00000405 could
lead to further downside. Momentum indicators on higher timeframes still favor caution until price forms higher highs and higher lows. For traders, waiting for confirmation above resistance is generally lower risk than buying during a downtrend. Because SHIB is a meme token, expect large price swings and manage risk carefully