A deeper examination unveils SHIB's current position at the 0.5 Fibonacci level of its preceding descent. Notably, the 0.618 Fibonacci level lies at $0.00001169, aligning with the aforementioned future target. Moreover, the 0.786 Fibonacci level materializes at $0.0000135, a pivotal juncture where the downward trend line and Fibonacci ratio converge. With a keen analytical eye on SHIB's present momentum, it's within the realm of anticipation that the $0.00001169 target will be within reach by the month's conclusion. This optimistic projection, however, hinges on SHIB's ability to maintain its stance above the recent low watermark of $0.000009.