What to Know
- Shiba Inu trades near $0.00000480 after losing critical support at $0.00000500, with major moving averages reinforcing persistent bearish pressure.
- SHIB’s Relative Strength Index hovers near 35, while subdued trading volume reflects limited buying interest amid sustained market weakness.
- A breakdown below $0.00000450 could expose support around $0.00000410, while reclaiming $0.00000530 would strengthen prospects for a price recovery.
Shiba Inu (SHIB) faces mounting selling pressure as its price approaches support levels associated with its 2026 low. The meme coin traded near $0.00000480 on October 26, following an October recovery attempt that failed around $0.00000620.
According to Binance’s daily SHIB/USDT chart, the subsequent decline pushed SHIB below $0.00000500, a level that previously attracted considerable trading activity. Weak momentum and subdued volume now place greater importance on the remaining support zones.
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Shiba Inu Price Slides Below Major Moving Averages
SHIB trades beneath several moving averages, reflecting the weakness that followed its unsuccessful October rebound. Short-term and medium-term averages cluster between $0.00000520 and $0.00000540, creating potential resistance during any recovery attempt. Meanwhile, the long-term moving average sits near $0.00000555, above the cryptocurrency’s prevailing market price.
Source: TradingView
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The distance between SHIB’s price and these indicators underscores the scale of its recent decline. Sellers have maintained control since the rejection near $0.00000620, preventing the token from reclaiming important price levels. Losing $0.00000500 has also shifted attention toward lower support areas, where buyers previously resisted further declines.
SHIB RSI Weakens as 2026 Low Comes Into View
The Relative Strength Index currently hovers near 35, reflecting weak momentum without entering deeply oversold territory. Trading volume has remained subdued during the decline, suggesting limited buying interest around current prices.
Immediate support stands near $0.00000450, a region tested during earlier market corrections. A decisive move below that level could bring the $0.00000410 to $0.00000420 range into view. On the upside, SHIB must first reclaim $0.00000500 to improve its short-term position. A subsequent move above $0.00000530 would challenge another resistance area within the moving-average cluster.
Conclusion
Shiba Inu’s next price movement depends heavily on whether buyers defend support near $0.00000450. Losing that area could open another test of its 2026 lows, while reclaiming overhead resistance would ease immediate pressure.
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