Testing Support Levels, Potential Bounce Ahead

SHIB, currently priced at 0.00000700, broke the major support at the 0.5 Fibonacci level on the daily chart. It is now retesting this level, and there is a possibility of a further drop towards the 0 Fibonacci level as a major support area before a potential bounce back. The RSI is at 36, indicating a nearing oversold condition. However, it's important to consider other factors and conduct further research before making investment decisions.