Shiba Inu's price nears oversold condition on the daily chart, potential retracement expected.Short-term structure indicates a major retracement is overdue, further decline possible.Shiba Inu has lost more than 60% since drops in December, currently in extreme oversold condition.Key levels to watch for Shiba Inu are $0.0000152, $0.0000173, and $0.000019 as resistance, and $0.0000116, $0.00001, and $0.000009 as support.